Cleveland Music School Settlement
- Assets
- $24.0m
- Revenue
- $4.7m
- Investments
- $6.3m
- Employees
- 173
- Location
- Cleveland, OH
- Founding
- 12/1939
- Data as of
- 06/2021
- EIN
- 34-0714339
Organization Overview
Cleveland Music School Settlement, operating under the name The Music Settlement, is located in Cleveland, OH. The organization was established in 1939. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Music Settlement employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Settlement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Music Settlement generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION OF THE MUSIC SETTLEMENT IS TO UNLOCK THE POTENTIAL IN EVERYONE.
Describe the Organization's Program Activity:
THE MISSION OF THE MUSIC SETTLEMENT'S CENTER FOR EARLY CHILDHOOD IS TO PROVIDE HIGH QUALITY EARLY CHILDHOOD EXPERIENCES FOR CHILDREN AGES 3 WEEKS TO 6 YEARS OF AGE. EDUCATIONAL PROGRAMS AT UNIVERSITY CIRCLE AND OHIO CITY LOCATIONS OFFER STATE ACCREDITED AND 5-STAR QUALITY RATED PRESCHOOL, DAY SCHOOL, AND KINDERGARTEN COURSES TO CHILDREN 3-6 YEARS. THESE PROGRAMS NURTURE THE INDIVIDUAL, SUPPORT THE FAMILY AND ENHANCE A CHILD'S SOCIAL, EMOTIONAL AND ACADEMIC DEVELOPMENT THROUGH INVOLVEMENT WITH CREATIVE ARTS. THIS HAS BEEN AN IMPORTANT PART OF THE MUSIC SETTLEMENT FOR OVER 65 YEARS AND WE HAVE EARNED A REPUTATION FOR EXCELLENCE IN ALL ASPECTS OF EARLY CHILDHOOD EDUCATION. ARTS FOR THE YOUNG PROGRAMS PROVIDE CREATIVE AND INNOVATIVE MUSIC CLASSES FOR ADULT AND CHILD, AGES 3 MONTH- 6 YEARS, TO BEGIN EXPLORING MUSIC TOGETHER.
ESTABLISHED IN 1966, THE MUSIC SETTLEMENT'S CENTER FOR MUSIC THERAPY HAS BEEN A PIONEER IN HELPING PEOPLE WITH DISABILITIES AND/OR MEDICAL ISSUES. THE MISSION OF THE CENTER IS TO CREATIVELY USE MUSIC AS A THERAPEUTIC TOOL FOR MEETING THE CHALLENGES AND NEEDS AND PROMOTING THE WELL-BEING OF THOSE IN OUR COMMUNITIES. THE CENTER EMPLOYS BOARD-CERTIFIED MUSIC THERAPISTS (MT-BC'S) WHO CONDUCT INDIVIDUAL OR GROUP MUSIC THERAPY SESSIONS AT OUR UNIVERSITY CIRCLE AND OHIO CITY CAMPUSES AND AT NUMEROUS EDUCATIONAL, MEDICAL, AND SOCIAL SERVICE AGENCIES IN THE CLEVELAND METROPOLITAN AREA. OUR MT-BC'S SYSTEMATICALLY AND PRESCRIPTIVELY USE MUSIC-BASED INTERVENTIONS TO POSITIVELY IMPACT THE LIVES OF CHILDREN AND ADULTS FACING A WIDE RANGE OF LIFE'S CHALLENGES. THE PROGRAM DESCRIPTION CONTINUES ON SCHEDULE O. IN FY21 WE SERVED 4,543 INDIVIDUALS WITH A VARIETY OF DIAGNOSES AND NEEDS AT OUR TWO CAMPUSES AND WITH 22 ORGANIZATIONS AT 34 LOCATIONS.
THE MUSIC SETTLEMENT'S CENTER FOR MUSIC PROVIDES MUSIC INSTRUCTION, CLASSES, AND ENSEMBLES TO STUDENTS OF ALL AGES FROM AROUND THE GREATER CLEVELAND AREA. IN KEEPING WITH OUR MISSION, STUDENTS OF ALL BACKGROUNDS ARE ADMITTED WITHOUT AUDITION, AND THE CENTER AWARDS FINANCIAL AID AND SCHOLARSHIPS TO ENSURE THAT ABILITY TO PAY IS NOT A BARRIER TO MUSICAL STUDY. THE CENTER FOR MUSIC HAS SEVERAL OUTREACH PARTNERS FOR OFF-SITE MUSIC INSTRUCTION. NATIONALLY, WE HAVE COLLABORATED WITH THE BERKLEE COLLEGE OF MUSIC AS PART OF THEIR CITY MUSIC NETWORK. THE MUSIC SETTLEMENT STUDENTS, ENROLLED IN THE JAZZ AT THE MUSIC SETTLEMENT (JAMS) PROGRAM, VIE TO BECOME ANNUAL RECIPIENTS OF A FULL SCHOLARSHIP TO BERKLEE'S 5 WEEK SUMMER PERFORMANCE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geralyn M Presti President & CEO | Officer | 40 | $170,000 |
Anne-Marie Schwarz VP Institutional Advancement | Officer | 40 | $89,350 |
Steven F Kreger Vp-Finance & Administration | Officer | 40 | $76,639 |
John Waldeck Jr Treasurer | OfficerTrustee | 2 | $0 |
Christopher Brandt MD Chair | OfficerTrustee | 2 | $0 |
Andrew Fiorella Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,225,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,182,301 |
| Noncash contributions included in lines 1a–1f | $30,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,407,473 |
| Total Program Service Revenue | $1,791,723 |
| Investment income | $170,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $164,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,711,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $179,711 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $348,398 |
| Compensation of current officers, directors, key employees. | $53,648 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,006,421 |
| Pension plan accruals and contributions | $50,389 |
| Other employee benefits | $290,758 |
| Payroll taxes | $171,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,646 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,933 |
| Office expenses | $10,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $390,120 |
| Travel | $10,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,616 |
| Insurance | $65,998 |
| All other expenses | $133,079 |
| Total functional expenses | $4,414,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,471,926 |
| Savings and temporary cash investments | $131,130 |
| Pledges and grants receivable | $414,004 |
| Accounts receivable, net | $3,201,089 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,976 |
| Prepaid expenses and deferred charges | $63,538 |
| Net Land, buildings, and equipment | $4,055,222 |
| Investments—publicly traded securities | $8,151,144 |
| Investments—other securities | $6,329,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,962,029 |
| Accounts payable and accrued expenses | $254,651 |
| Grants payable | $0 |
| Deferred revenue | $7,629 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $599,524 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $861,804 |
| Net assets without donor restrictions | $7,565,720 |
| Net assets with donor restrictions | $15,534,505 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,962,029 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Cleveland Music School Settlement has recieved totaling $257,851.
| Awarding Organization | Amount |
|---|---|
Kulas Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $50,000 |
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT OF MARY JO TAYLOR LIBRARY FOR THE EARLY CHILDHOOD ED DEPARTMENT | $37,299 |
Helen C Cole Tr Cleveland, OH PURPOSE: GENERAL PURPOSES | $36,583 |
Elroy J Kulas Tr No 2 Cleveland Trust Co Ttee Brooklyn, OH PURPOSE: UNRESTRICTED | $28,974 |
John P Murphy Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $25,000 |
William O & Gertrude Lewis Frohring Foundation Inc Wilmington, DE PURPOSE: TMS OUTREACH | $15,000 |
Endowment Analysis
| Beg. Balance | $11,327,752 |
| Earnings | $3,360,939 |
| Net Contributions | $64,843 |
| Other Expense | $273,390 |
| Ending Balance | $14,480,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flint Institute Of Music Flint, MI | $38,937,123 | $17,244,716 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
Cleveland Music School Settlement Cleveland, OH | $23,962,029 | $4,711,711 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |
Marlboro School Of Music Inc Philadelphia, PA | $99,638,142 | $11,583,017 |
Cleveland Center For Arts And Technology Cleveland, OH | $1,152,482 | $1,467,063 |
Ohio Music Education Association Medina, OH | $1,669,334 | $1,339,352 |
Kentucky Music Educators Assn Inc Richmond, KY | $990,506 | $1,002,541 |
Ohio Music Education Association Medina, OH | $1,500 | $856,006 |
Cumberland Valley School Of Music Chambersburg, PA | $1,103,416 | $708,985 |
Community Music School Collegeville, PA | $1,705,613 | $990,164 |
Barn Theatre School For Advanced Theatre Training Augusta, MI | $574,557 | $548,922 |