Washington Conservatory Of Music
- Assets
- $1.2m
- Revenue
- $945.0k
- Investments
- $0.0
- Employees
- 47
- Location
- Glen Echo, MD
- Founding
- 09/1984
- Data as of
- 05/2023
- EIN
- 52-1351503
Organization Overview
Washington Conservatory Of Music is located in Glen Echo, MD. The organization was established in 1984. 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 05/2023, Washington Conservatory Of Music employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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 05/2023, Washington Conservatory Of Music generated $945.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $967.4k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
THE WASHINGTON CONSERVATORY OF MUSIC (THE "CONSERVATORY") IS A DISTRICT OF COLUMBIA NOT-FOR-PROFIT CORPORATION THAT IS AN INDEPENDENT NATIONALLY-ACCREDITED COMMUNITY MUSIC SCHOOL OFFERING LESSONS, CLASSES AND SPECIAL EVENTS FOR CHILDREN AND ADULTS IN THE DC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC INSTRUCTION - THE CONSERVATORY PROVIDES INDIVIDUAL LESSONS FOR ALL AGES AND LEVELS ON PIANO, GUITAR, VOICE, STRING, WIND, BRASS AND PERCUSSION INSTRUMENTS, MUSIC THEORY, AND COMPOSITION. OTHER OFFERINGS INCLUDE CLASSES IN VARIOUS INSTRUMENTS & VOICE, EARLY CHILDHOOD MUSIC, AND ENSEMBLES. OCCASIONAL SEMINARS OR MASTER CLASSES ARE OFFERED.
ALL OTHER - THE CONSERVATORY PROVIDES SPECIAL PROGRAMS, FAMILY CONCERTS, CHILDREN'S CONCERTS, OFF-SITE PERFORMANCES, AND OTHER PROGRAM SERVICES.
COMMUNITY CONCERT SERIES - THE CONSERVATORY PROVIDES BETWEEN 8 AND 15 COMMUNITY CONCERTS EACH YEAR WITH PERFORMANCES FROM RENOWNED GUESTS, ARTISTS AND FACULTY MEMBERS. IN 2022-2023, A TOTAL OF 9 CONCERTS AND EVENTS WERE PROVIDED FOR WASHINGTON, DC AREA RESIDENTS WITH COMMUNITY SUPPORT.
TAPESTRY MUSIC PROJECT - THE CONSERVATORY PROVIDES FREE MUSIC LEARNING AND LISTENING EXPERIENCES TO STUDENTS FROM UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Judd Officer - Executive & Artistic Director | OfficerTrustee | 40 | $111,821 |
Tobias Werner Director | Trustee | 2 | $20,928 |
Dionne Laufman Director - Faculty Representative | Trustee | 2 | $4,304 |
Virginia Ackerman Director | Trustee | 2 | $0 |
Ndenisarya M Bregasi Director | Trustee | 2 | $0 |
Elizabeth Currie-Edwards Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,087 |
| Related organizations | $0 |
| Government grants | $126,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,411 |
| Noncash contributions included in lines 1a–1f | $865 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,601 |
| Total Program Service Revenue | $701,547 |
| Investment income | $95 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,704 |
| Net Income from Fundraising Events | $1,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $945,046 |
| 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. | $139,728 |
| Compensation of current officers, directors, key employees. | $82,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,810 |
| Advertising and promotion | $23,819 |
| Office expenses | $36,805 |
| Information technology | $1,531 |
| Royalties | $0 |
| Occupancy | $115,588 |
| Travel | $7,695 |
| 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 | $38,756 |
| Insurance | $11,891 |
| All other expenses | $1,332 |
| Total functional expenses | $967,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $861,332 |
| Savings and temporary cash investments | $1,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,049 |
| 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 | $338,173 |
| Investments—publicly traded securities | $7,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,213,185 |
| Accounts payable and accrued expenses | $46,830 |
| Grants payable | $0 |
| Deferred revenue | $31,767 |
| 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 | $78,597 |
| Net assets without donor restrictions | $1,110,705 |
| Net assets with donor restrictions | $23,883 |
| 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 | $1,213,185 |