Omaha Conservatory Of Music
- Assets
- $16.2m
- Revenue
- $429.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 09/2001
- Data as of
- 08/2021
- EIN
- 47-0834657
Organization Overview
Omaha Conservatory Of Music is located in Omaha, NE. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Conservatory 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 08/2021, Omaha Conservatory Of Music generated $429.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $740.5k during the year ending 08/2021. 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
THE OMAHA CONSERVATORY OF MUSIC IS A NON-PROFIT SCHOOL THAT BUILDS A DIVERSE MUSICAL COMMUNITY TO ENRICH LIVES THROUGH EDUCATION AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OMAHA CONSERVATORY OF MUSIC OFFERS PRIVATE LESSON MUSIC INSTRUCTION IN VIOLIN, VIOLA, CELLO, BASS, PIANO, VOICE, PERCUSSION, WOODWINDS, BRASS, COMPOSITION, AND MUSIC THEORY. OUR ARTIST-FACULTY AT CONSERVATORY OFFERS 40 PRIVATE LESSONS PER YEAR TO OVER 900 STUDENTS. APPROXIMATELY 15% OF THE STUDENTS RECIEVE SOME FORM OF FINANCIAL AID.
STRING SPROUTS WAS FOUNDED IN 2013 BY THE OMAHA CONSERVATORY OF MUSIC. THIS REVOLUTIONARY MUSIC EDUCATION PROGRAM, FUNDED BY GENEROUS INDIVIDUALS, FOUNDATIONS, AND GRANTS, AIMS TO CHANGE THE LIVES OF CHILDREN IN UNDERSERVED AREAS BY PROVIDING THEM WITH HIGH-QUALITY VIOLIN, VIOLA AND CELLO INSTRUCTION AT NO COST TO CAREGIVERS. WITH A CAREFULLY CONSTRUCTED CURRICULUM, EXCELLENT EDUCATORS, AND CONTINUOUS CAREGIVER INVOLVEMENT OVER THE COURSE OF FIVE YEARS, YOUNG SPROUTS EXERCISE BOTH DISCIPLINE AND CREATIVITY.
OMAHA CONSERVATORY OF MUSIC PARTNERS WITH MULTIPLE PUBLIC AND PRIVATE SCHOOLS IN THE EASTERN NEBRASKA REGION TO PROVIDE MUSIC TO THEIR STUDENTS. THE PROGRAMS OFFER THROUGH ST. AUGUSTINE AND QUEST ACADEMY, PROVIDE THE ENTIRE MUSIC CURRICULUM TO ALL OF THE STUDENTS OF THE SCHOOLS. OMAHA PUBLIC SCHOOLS AND WESTSIDE PUBLIC SCHOOLS CONTRACT THE CONSERVATORY TO PROVIDE 30 MINUTE INDIVIDUAL LESSONS TO HIGH SCHOOL STUDENTS IN EACH PROGRAM.
OMAHA CONSERVATORY OF MUSIC PROVIDES CLASS SETTING AND ENSEMBLE EDUCATION TO OVER 300 STUDENTS THROUGH ON CAMPUS PROGRAMS EACH YEAR. THESE CLASSES PROVIDE EVERYTHING FROM INTRODUCTORY SKILLS THROUGH ADVANCED PERFORMANCE ENSEMBLES. MANY OF THE STUDENTS IN INTRODUCTORY CLASSES TRANSITION INTO INDIVIDUALS LESSONS. THE ENSEMBLES ARE TAKEN BY STUDENTS AS SUPPLEMENTAL EDUCATION TO THEIR INDIVIDUAL LESSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Crabb Chair | OfficerTrustee | 1 | $0 |
Norm Holly Vice-Chair | OfficerTrustee | 1 | $0 |
Carly Turner Treasurer | OfficerTrustee | 1 | $0 |
David Jasper Chair Emeritus | OfficerTrustee | 1 | $0 |
Daniel Rooney Director Of Finance & Administration | Officer | 50 | $0 |
Ruth Meints Executive Director | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,041 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,822 |
| Total Program Service Revenue | $258,419 |
| Investment income | $205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,312 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,199 |
| Compensation of current officers, directors, key employees. | $36,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,425 |
| Pension plan accruals and contributions | $2,002 |
| Other employee benefits | $1,849 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,934 |
| Advertising and promotion | $82,319 |
| Office expenses | $21,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,472 |
| Travel | $50,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,738 |
| Insurance | $6,773 |
| All other expenses | $0 |
| Total functional expenses | $740,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,090 |
| Savings and temporary cash investments | $780,637 |
| Pledges and grants receivable | $326,538 |
| Accounts receivable, net | $129,202 |
| 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 | $16,081 |
| Net Land, buildings, and equipment | $14,834,980 |
| Investments—publicly traded securities | $78,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,180,584 |
| Accounts payable and accrued expenses | $189,569 |
| Grants payable | $0 |
| Deferred revenue | $64,246 |
| 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 | $253,815 |
| Net assets without donor restrictions | $14,827,309 |
| Net assets with donor restrictions | $1,099,460 |
| 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 | $16,180,584 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Omaha Conservatory Of Music has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Snow Redfern Memorial Foundation Alliance, NE PURPOSE: EDUCATION | $3,000 |
Endowment Analysis
| Beg. Balance | $76,274 |
| Ending Balance | $76,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Associates Of Aspen Inc Aspen, CO | $125,000,117 | $22,688,530 |
Dancers Workshop Jackson, WY | $1,179,365 | $2,677,288 |
Preucil School Of Music Iowa City, IA | $5,696,584 | $1,870,215 |
Dayspring School Of The Arts Maryland Heights, MO | $2,572,227 | $1,177,461 |
Omaha Conservatory Of Music Omaha, NE | $16,180,584 | $429,629 |
Kansas Music Educators Association Wichita, KS | $613,034 | $482,576 |
Crested Butte School Of Dance Inc Crested Butte, CO | $302,379 | $373,548 |
Ormao Dance Company Colorado Springs, CO | $52,890 | $219,944 |
Nebraska Music Education Association Boystown, NE | $181,282 | $129,025 |
Sioux City Conservatory Of Music Sioux City, IA | $271,049 | $82,218 |
The Pointe Academy Of Ballet And Contemporary Dance Des Moines, IA | $24,652 | $80,683 |
The Conservatory Of Music Of Kansas City Kansas City, MO | $742,660 | $68,003 |