W O Smith Nashville Community Music School
- Assets
- $6.2m
- Revenue
- $988.6k
- Investments
- $122.9k
- Employees
- 5
- Location
- Nashville, TN
- Founding
- 10/1984
- Data as of
- 06/2023
- EIN
- 58-1560499
Organization Overview
W O Smith Nashville Community Music School is located in Nashville, TN. The organization was established in 1984. 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, W O Smith Nashville Community Music School employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W O Smith Nashville Community Music School 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, W O Smith Nashville Community Music School generated $988.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $875.8k during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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
PROVIDES AFFORDABLE, QUALITY MUSIC INSTRUCTION AVAILABLE TO CHILDREN FROM LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"PRIVATE MUSIC LESSONS" - MUSIC INSTRUCTION IS PROVIDED TO CHILDREN FROM LOW-INCOME FAMILIES IN THE W.O. SMITH SCHOOL FACILITY BY VOLUNTEER TEACHING ARTISTS AT THE COST OF 50 CENTS PER LESSON. FEES HAVE BEEN WAIVED FOR THE 2022-2023 SCHOOL YEAR. THE ORGANIZATION ESTIMATES THAT THE SERVICES PROVIDED BY THE VOLUNTEER TEACHING ARTISTS HAVE A VALUE OF $308,060 FOR THE 2022/23 FISCAL YEAR. IN ADDITION TO PROVIDING LESSONS, THE ORGANIZATION MAKES INSTRUMENTS AND LEARNING MATERIALS AVAILABLE ON A LENDING LIBRARY BASIS.
OTHER CLASSES AND ENSEMBLES OFFERED: ADVANCED MUSIC THEORY; BASIC MUSICIANSHIP; CHOIR KIDS; GROUP PIANO; JAZZBAND; MUSICAL BEGINNINGS; POLYPHONY CHOIR; ROCK BAND; SONGWRITING AND COMPOSITION; STEEL DRUM ENSEMBLE; STRINGSMITHS ENSEMBLE; VOCAL SEMINAR.
COLLEGE SCHOLARSHIP - A COLLEGE SCHOLARSHIP PROGRAM IS AVAILABLE TO ALL W.O. SMITH GRADUATES THAT CHOOSE A MUSIC MAJOR IN UNDERGRADUATE STUDY. AN AGENCY ENDOWMENT AT THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE AS WELL AS THE ROY WUSNCH STARDUST MUSIC SCHOLARSHIP FUND AVAILABLE THROUGH THE SCHOOL PROVIDES THESE FUNDS TO STUDENTS. TO QUALIFY, STUDENTS MUST HAVE GRADUATED FROM THE W.O. SMITH MUSIC SCHOOL PROGRAM AND BE PURSUING A DEGREE IN AUDIO PRODUCTION/ENGINEERING, COMMERCIAL MUSIC, COMPOSITION AND FILM SCORING, ARTS ADMINISTRATION/MUSIC BUSINESS, MUSIC EDUCATION, MUSIC HISTORY/ETHNOMUSICOLOGY, MUSIC PERFORMANCE, MUSICAL THEATER, MUSIC THEORY, MUSIC THERAPY, OR SONGWRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Gardenhire President | OfficerTrustee | 1 | $0 |
Greg Hill Vice President | OfficerTrustee | 1 | $0 |
L Owen Kelly Secretary | OfficerTrustee | 1 | $0 |
Melinda Drennan Treasurer | OfficerTrustee | 1 | $0 |
Ryan Moses Past President | Trustee | 0.5 | $0 |
Jeff Allen Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,450 |
| Related organizations | $0 |
| Government grants | $165,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,051 |
| Noncash contributions included in lines 1a–1f | $23,659 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,091 |
| Total Program Service Revenue | $0 |
| Investment income | $1,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,574 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,411 |
| Compensation of current officers, directors, key employees. | $46,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,507 |
| Pension plan accruals and contributions | $5,250 |
| Other employee benefits | $38,138 |
| Payroll taxes | $19,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,568 |
| Advertising and promotion | $2,095 |
| Office expenses | $17,611 |
| Information technology | $7,203 |
| Royalties | $0 |
| Occupancy | $49,996 |
| Travel | $4,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,282 |
| Insurance | $17,455 |
| All other expenses | $4,368 |
| Total functional expenses | $875,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,332,076 |
| Pledges and grants receivable | $18,533 |
| 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 | $4,551,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $122,936 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,571 |
| Total assets | $6,178,896 |
| Accounts payable and accrued expenses | $120,066 |
| Grants payable | $0 |
| Deferred revenue | $18,367 |
| 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 | $138,433 |
| Net assets without donor restrictions | $5,812,225 |
| Net assets with donor restrictions | $228,238 |
| 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 | $6,178,896 |