Broadway School Of Music & The Arts
- Assets
- $292.4k
- Revenue
- $354.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Cleveland, OH
- Founding
- 10/1983
- Data as of
- 07/2022
- EIN
- 34-1355946
Organization Overview
Broadway School Of Music & The Arts is located in Cleveland, OH. The organization was established in 1983. 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 07/2022, Broadway School Of Music & The Arts employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway School Of Music & The Arts 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 07/2022, Broadway School Of Music & The Arts generated $354.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $391.4k during the year ending 07/2022. While expenses have increased by 17.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY BASED LESSONS AND CLASSES FOR CHILDREN AND ADULTS IN MUSIC AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH PROGRAM - APPROXIMATELY 2,760 STUDENTS, PRE-K THROUGH OLDER ADULTS, DIRECTLY PARTICIPATED IN AROUND 1,700 OUTREACH CLASES AND RELATED ARTS ACTIVITIES AT 33 LOCATIONS IN THE COMMUNITY. THE IN-PERSON VENUES INCLUDED A SETTLEMENT HOUSE, ELEMENTARY SCHOOLS, CHILD CARE CENTERS, RESIDENCE AND PROGRAM CENTERS FOR OLDER AND/OR DISABLED ADULTS,A HOMELESS SHELTER, AND CAMPS. THE PROGRAMMING OFFERED WAS GROUP CLASSES IN MUSIC, DANCE, VISUAL ARTS, AND THEATRE.
ALL OTHER PROGRAMS
COMMUNITY-BASED PRIVATE MUSIC LESSONS AND YOUTH DRUM CORP WERE SCHEDULED AT THE BROADWAY SCHOOL OF MUSIC AND THE ARTS FACILITY; 61 STUDENTS TOOK LESSONS IN 2021/22, AND ALMOST 740 THIRTY MINUTE LESSONS WERE TAUGHT (MOST IN-PERSON, SOME REMOTELY). LESSONS WERE OFFERED SEPTEMBER THROUGH JULY; STUDENTS WERE CHARGED TUITION, WITH OVER HALF THE STUDENTS RECEIVING A TOTAL OF 5,000 IN TUITION AID. THREE RECITALS WERE HELD TO SHOWCASE STUDENT PROGRESS. OUR YOUTH DRUM CORP MET WEEKLY IN-PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Berlin Treasurer | Officer | $0 | |
Eric S Brown Board Member | Trustee | $0 | |
Bryan Dumm Board Member | Trustee | $0 | |
Mike Feckanin Board Member | Trustee | $0 | |
Jennifer Hillmer Board Member | Trustee | $0 | |
Ann E Knuth ESQ Board Presid | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,000 |
| Related organizations | $0 |
| Government grants | $49,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,584 |
| Noncash contributions included in lines 1a–1f | $10,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,338 |
| Total Program Service Revenue | $206,734 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $8,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,574 |
| Advertising and promotion | $50 |
| Office expenses | $8,082 |
| Information technology | $1,973 |
| Royalties | $0 |
| Occupancy | $26,173 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,294 |
| All other expenses | $603 |
| Total functional expenses | $391,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,195 |
| Savings and temporary cash investments | $14,044 |
| Pledges and grants receivable | $86,860 |
| Accounts receivable, net | $73,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,245 |
| Net Land, buildings, and equipment | $4,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $292,366 |
| Accounts payable and accrued expenses | $1,149 |
| Grants payable | $0 |
| Deferred revenue | $1,527 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,676 |
| Net assets without donor restrictions | $137,248 |
| Net assets with donor restrictions | $152,442 |
| 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 | $292,366 |