Northeast Iowa School Of Music
- Assets
- $207.6k
- Revenue
- $383.3k
- Investments
- $0.0
- Employees
- 38
- Location
- Dubuque, IA
- Founding
- 07/2001
- Data as of
- 06/2023
- EIN
- 42-1510485
Organization Overview
Northeast Iowa School Of Music is located in Dubuque, IA. The organization was established in 2001. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Northeast Iowa School Of Music employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Iowa School Of Music 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 06/2023, Northeast Iowa School Of Music generated $383.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $338.9k during the year ending 06/2023. While expenses have increased by 4.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY MUSIC EDUCATION AND ENRICHMENT BY OFFERING TRAINING FOR ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHEAST IOWA SCHOOL OF MUSIC IS A PLACE WHERE YOUNG CHILDREN ARE ALLOWED TO EXPLORE THEIR CREATIVITY THROUGH MUSIC. SCHOOL CHILDREN CAN EXPAND THEIR MUSICAL HORIZONS. COLLEGE STUDENTS CAN CONTINUE THEIR MUSIC TRAINING AND PREPARE FOR A MUSIC CAREER. ADULTS CAN TAKE THOSE MUSIC LESSONS THEY HAVE ALWAYS WANTED TO TAKE. STUDENTS CAN EXPAND THEIR GENERAL KNOWLEDGE OF MUSIC THROUGH A VARIETY OF CLASSES. NORTHEAST IOWA SCHOOL OF MUSIC IS A CENTRAL FACILITY TO SERVE STUDENTS OF ALL AGES AND A PLACE TO IMPROVE THE QUALITY OF LIFE IN THE TRI-STATE AREA THROUGH MUSIC. DURING FISCAL YEAR, NORTHEAST IOWA SCHOOL OF MUSIC PROVIDED MUSIC LESSONS FOR 258 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbie Gearhart Board Member | Trustee | 1 | $409 |
Sue Becker Board Member | Trustee | 0 | $0 |
Kayla Risma Board Member | Trustee | 0 | $0 |
Jessica Schreyer Board Member | Trustee | 0 | $0 |
Hillard Salas President | 0 | $0 | |
Debbie Tancrell Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,419 |
| Total Program Service Revenue | $220,026 |
| Investment income | $34,762 |
| 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 | -$703 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,339 |
| 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. | $57,115 |
| Compensation of current officers, directors, key employees. | $29,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,120 |
| Pension plan accruals and contributions | -$14 |
| Other employee benefits | $0 |
| Payroll taxes | $17,419 |
| 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 | $705 |
| Fees for services: Other | $3,995 |
| Advertising and promotion | $644 |
| Office expenses | $1,620 |
| Information technology | $728 |
| Royalties | $0 |
| Occupancy | $48,986 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,669 |
| Insurance | $18,350 |
| All other expenses | $0 |
| Total functional expenses | $338,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,125 |
| Savings and temporary cash investments | $30,819 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,676 |
| Investments—publicly traded securities | $56,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,597 |
| Accounts payable and accrued expenses | $7,567 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,567 |
| Net assets without donor restrictions | $197,030 |
| Net assets with donor restrictions | $3,000 |
| 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 | $207,597 |