Suzuki Institute Of Seattle
- Assets
- $133.8k
- Revenue
- $359.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Bella Vista, AR
- Founding
- 04/1972
- Data as of
- 08/2023
- EIN
- 91-0861359
Organization Overview
Suzuki Institute Of Seattle is located in Bella Vista, AR. 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 08/2023, Suzuki Institute Of Seattle employed 8 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 08/2023, Suzuki Institute Of Seattle generated $359.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $452.9k during the year ending 08/2023. While expenses have increased by 3.0% 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
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 | $58,606 |
Kevin Leiferman Director | Officer | 30 | $51,058 |
Hilary Lim Director | Officer | 30 | $35,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50 |
| Fundraising events | $21,876 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,551 |
| Total Program Service Revenue | $336,874 |
| Investment income | $471 |
| 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 | $359,896 |
| 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. | $145,551 |
| Compensation of current officers, directors, key employees. | $6,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,794 |
| Payroll taxes | $25,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,105 |
| Advertising and promotion | $1,083 |
| Office expenses | $4,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,133 |
| Travel | $32,929 |
| 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 | $5,328 |
| All other expenses | $15,795 |
| Total functional expenses | $452,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,609 |
| 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 | $3,180 |
| 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 | $133,789 |
| Accounts payable and accrued expenses | $4,196 |
| 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 | $4,196 |
| 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 | $129,593 |
| Total liabilities and net assets/fund balances | $133,789 |