Boston String Academy Inc
- Assets
- $144.5k
- Revenue
- $324.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 46-1423890
Organization Overview
Boston String Academy Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston String 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 06/2022, Boston String Academy Inc generated $324.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $340.2k during the year ending 06/2022. While expenses have increased by 17.4% per year over the past 7 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
PROVIDE A VIBRANT AFTER SCHOOL STRING PROGRAM FOR INNER CITY YOUTHS. GIVING THEM THE NECESSARY SKILLS TO BUILD A STRONG FOUNDATION FOR THEIR MUSICAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COLLABORATIVE WHERE PROFESSIONAL MUSICIANS PROVIDE AFFORDABLE HIGH QUALITY STRING INSTRUMENT INSTRUCTIONS TO YOUTHS. PROVIDING CONCERTS, ORCHESTRA PROGRAMS AND GUEST ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariesther Alvarez Co-Executive | OfficerTrustee | 40 | $67,688 |
Marielisa Alvarez Co-Executive | OfficerTrustee | 40 | $61,418 |
Gregory Karas Treasurer | OfficerTrustee | 1 | $0 |
Maria Tarajano Rodman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,781 |
| Total Program Service Revenue | $183,858 |
| Investment income | $0 |
| 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 | $324,639 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $294,054 |
| Advertising and promotion | $0 |
| Office expenses | $2,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,602 |
| All other expenses | $1,146 |
| Total functional expenses | $340,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,829 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,708 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,537 |
| Accounts payable and accrued expenses | $15,386 |
| 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 | $15,386 |
| Net assets without donor restrictions | $94,151 |
| Net assets with donor restrictions | $35,000 |
| 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 | $144,537 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Boston String Academy Inc has recieved totaling $90,694.
| Awarding Organization | Amount |
|---|---|
Klarman Family Foundation Boston, MA PURPOSE: MUSIC PATHWAYS FOR YOUTH: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022 AND 2023 | $35,000 |
Klarman Family Foundation Boston, MA PURPOSE: MUSIC PATHWAYS FOR YOUTH: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022 AND 2023 | $35,000 |
Boston After School & Beyond Inc Boston, MA PURPOSE: TO FURTHER THE MISSION OF THE OUT-OF-SCHOOL TIME INITIATIVE | $15,382 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,062 |
Wolf & Company Charitable Foundation Inc Boston, MA PURPOSE: EXEMPT PURPOSE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |