Crescendo Academy Of Music Inc
- Assets
- $519.4k
- Revenue
- $667.2k
- Investments
- $0.0
- Employees
- 48
- Location
- Kalamazoo, MI
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 38-2787387
Organization Overview
Crescendo Academy Of Music Inc is located in Kalamazoo, MI. The organization was established in 1988. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Crescendo Academy Of Music Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescendo Academy Of Music 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 06/2022, Crescendo Academy Of Music Inc generated $667.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $586.3k during the year ending 06/2022. 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
TO PROVIDE MUSIC EDUCATION TO STUDENTS OF ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSIC EDUCATION TO STUDENTS OF ALL AGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Scott Russell Vice Preside | OfficerTrustee | 1 | $0 |
Jessie Duniphin President | OfficerTrustee | 1 | $0 |
Melissa Tallon Treasurer | OfficerTrustee | 1 | $0 |
James Roach Board Member | Trustee | 1 | $0 |
Bionca Stewart Board Member | Trustee | 1 | $0 |
Barbara Graham-Palmer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,687 |
| Total Program Service Revenue | $398,575 |
| Investment income | $1,916 |
| 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 | $667,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,537 |
| 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 | $345,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,511 |
| Advertising and promotion | $8,587 |
| Office expenses | $20,709 |
| Information technology | $2,495 |
| Royalties | $0 |
| Occupancy | $47,886 |
| Travel | $140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,219 |
| Insurance | $6,099 |
| All other expenses | $10,415 |
| Total functional expenses | $586,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $315 |
| Accounts receivable, net | $12,709 |
| 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 | $0 |
| Net Land, buildings, and equipment | $184,847 |
| Investments—publicly traded securities | $110,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,949 |
| Total assets | $519,421 |
| Accounts payable and accrued expenses | $10,286 |
| Grants payable | $0 |
| Deferred revenue | $21,272 |
| 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 | $31,558 |
| Net assets without donor restrictions | $467,077 |
| Net assets with donor restrictions | $20,786 |
| 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 | $519,421 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Crescendo Academy Of Music Inc has recieved totaling $34,184.
| Awarding Organization | Amount |
|---|---|
Harold And Grace Upjohn Foundation Kalamazoo, MI PURPOSE: SUPPORT FOR THE MARVELOUS MUSIC PROGRAM | $20,000 |
Lawrence And Sylvia Wong Foundation Kalamazoo, MI PURPOSE: GENERAL OPERATING | $8,000 |
Burdick-Thorne Foundation Tt Kalamazoo, MI PURPOSE: SCHOLARSHIPS | $3,000 |
The Miller Foundation Battle Creek, MI PURPOSE: STUDENT SCHOLARSHIPS | $1,813 |
Tyler-Little Family Foundation Kalamazoo, MI PURPOSE: ANNUAL GIFT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |