Indianapolis Suzuki Academy Inc
- Assets
- $264.0k
- Revenue
- $381.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Indianapolis, IN
- Founding
- 11/1992
- Data as of
- 08/2021
- EIN
- 35-1838029
Organization Overview
Indianapolis Suzuki Academy Inc is located in Indianapolis, IN. The organization was established in 1992. 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 08/2021, Indianapolis Suzuki Academy Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Suzuki Academy Inc 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 08/2021, Indianapolis Suzuki Academy Inc generated $381.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $327.1k during the year ending 08/2021. While expenses have increased by 5.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO NURTURE BEAUTIFUL CHARACTER IN EVERY CHILD THROUGH EXCELLENCE IN MUSIC. OUR VISION IS FOR EVERY CHILD TO REALIZE THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO NURTURE BEAUTIFUL CHARACTER IN EVERY CHILD THROUGH EXCELLENCE IN MUSIC. OUR VISION IS FOR EVERY CHILD TO REALIZE THEIR POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Beck Former Exec. | Officer | 24 | $49,855 |
Rachel Osterhouse Interim Exec | Officer | 24 | $43,952 |
Austin Huntington Board Presid | OfficerTrustee | 2 | $0 |
William Grubb Vice Preside | OfficerTrustee | 2 | $0 |
Angela Della Rocco Treasurer | OfficerTrustee | 2 | $0 |
Melissa Cavaghan Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,145 |
| Total Program Service Revenue | $242,910 |
| Investment income | $215 |
| 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 | $381,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,698 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,807 |
| Compensation of current officers, directors, key employees. | $7,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $899 |
| Advertising and promotion | $649 |
| Office expenses | $4,762 |
| Information technology | $3,873 |
| Royalties | $0 |
| Occupancy | $46,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,234 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,597 |
| Insurance | $5,435 |
| All other expenses | $679 |
| Total functional expenses | $327,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,938 |
| Savings and temporary cash investments | $35,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,835 |
| Net Land, buildings, and equipment | $25,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,042 |
| Accounts payable and accrued expenses | $77,657 |
| Grants payable | $0 |
| Deferred revenue | $74,318 |
| 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 | $151,975 |
| Net assets without donor restrictions | $112,067 |
| Net assets with donor restrictions | $0 |
| 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 | $264,042 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Indianapolis Suzuki Academy Inc has recieved totaling $94,165.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $62,850 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
Spm Foundation Inc Bethesda, MD PURPOSE: SUPPORT SERVICES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Town School Of Folk Music Inc Chicago, IL | $26,291,664 | $13,585,929 |
Merit School Of Music Chicago, IL | $32,406,157 | $6,571,408 |
Wisconsin Conservatory Of Music Inc Milwaukee, WI | $12,916,262 | $4,546,941 |
Peoples Music School Inc Chicago, IL | $5,536,992 | $3,227,151 |
The Patrick G and Shirley W Ryan Opera Center Chicago, IL | $0 | $2,321,702 |
Kentucky Music Educators Assn Inc Richmond, KY | $990,506 | $1,002,541 |
Hyde Park School Of Dance Chicago, IL | $889,337 | $1,144,142 |
Dayspring School Of The Arts Maryland Heights, MO | $2,572,227 | $1,177,461 |
Suzuki-Orff School For Young Musicians Chicago, IL | $442,454 | $1,030,627 |
Woodlawn Arts Academy Sterling, IL | $415,650 | $718,677 |
Wausau Conservatory Of Music Inc Wausau, WI | $2,318,265 | $970,609 |
Claude Mcneals Musical Theatre Training Program Inc Indianapolis, IN | $89,382 | $508,021 |