Suzuki Institute Of Seattle
- Assets
- $180.1k
- Revenue
- $317.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Seattle, WA
- Founding
- 04/1972
- Data as of
- 08/2021
- EIN
- 91-0861359
Organization Overview
Suzuki Institute Of Seattle is located in Seattle, WA. The organization was established in 1972. 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 08/2021, Suzuki Institute Of Seattle employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suzuki Institute Of Seattle 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, Suzuki Institute Of Seattle generated $317.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $320.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING MUSIC EDUCATION FOR CHILDREN 5 - 18 YEARS OLD, TAUGHT BY SUZUKI TRAINED TEACHERS IN PRIVATE AND GROUP LESSONS AND PERFORMING THESE SKILLS IN RECITALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MUSIC LESSONS FOR CHILDREN USING THE SUZUKI METHOD. PROVIDING OPPORTUNITIES TO LEARN TECHNICAL AND PERFORMANCE SKILLS THROUGH INDIVIDUALS AND GROUP LESSONS AND PERFORMING IN RECITALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Peterson Director | Officer | 30 | $0 |
Hilary Lim Director | Officer | 30 | $0 |
Leah Hoffman Director | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,250 |
| Fundraising events | $423 |
| Related organizations | $0 |
| Government grants | $170 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,843 |
| Total Program Service Revenue | $313,275 |
| 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 | $317,118 |
| 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 | $231,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,110 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,068 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $22,995 |
| Total functional expenses | $320,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,557 |
| Savings and temporary cash investments | $0 |
| 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 | $2,545 |
| 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 | $180,102 |
| Accounts payable and accrued expenses | $2,946 |
| 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 | $2,946 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $177,156 |
| Total liabilities and net assets/fund balances | $180,102 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Suzuki Institute Of Seattle has recieved totaling $10,846.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,423 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pilchuck Glass School Seattle, WA | $9,596,229 | $3,968,820 |
Centrum Foundation Port Townsend, WA | $3,437,898 | $2,846,644 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Arts Corps Seattle, WA | $962,710 | $1,632,937 |
Young Audiences Of Oregon Inc Portland, OR | $1,248,855 | $1,050,547 |
Twelfth Avenue Arts Association Seattle, WA | $18,347,858 | $962,199 |
Arts Impact Federal Way, WA | $327,544 | $1,207,400 |
Port Townsend School Of The Arts Port Townsend, WA | $1,199,929 | $1,050,284 |
Art 4 Life Portland, OR | $1,444,027 | $2,140,542 |
Willowbrook Center For The Tualatin, OR | $579,948 | $732,983 |
Artwerks Seattle, WA | $680,442 | $1,094,056 |
Sanctuary Art Center Seattle, WA | $314,922 | $553,071 |