Institute For The Musical Arts
- Assets
- $800.9k
- Revenue
- $216.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Goshen, MA
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 94-3054129
Organization Overview
Institute For The Musical Arts is located in Goshen, MA. The organization was established in 1988. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For The Musical Arts 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 06/2021, Institute For The Musical Arts generated $216.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $181.8k during the year ending 06/2021. 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
INSTRUCTION IN THE MUSICAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS AND MUSIC INSTRUCTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Hackler Treasurer/cl | OfficerTrustee | 10 | $0 |
June Millington President | OfficerTrustee | 5 | $0 |
Roma Baron Director | Trustee | 2 | $0 |
Elizabeth Cabraser Director | Trustee | 2 | $0 |
Leslie Ann Jones Director | Trustee | 2 | $0 |
Emily Lichter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,721 |
| Total Program Service Revenue | $11,051 |
| Investment income | $15,196 |
| 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 | $215,968 |
| 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 | $56,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $964 |
| Payroll taxes | $4,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $29,981 |
| Advertising and promotion | $0 |
| Office expenses | $4,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,651 |
| Insurance | $6,807 |
| All other expenses | $8,958 |
| Total functional expenses | $181,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,509 |
| 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 | $0 |
| Net Land, buildings, and equipment | $704,646 |
| Investments—publicly traded securities | $5,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,354 |
| Total assets | $800,939 |
| Accounts payable and accrued expenses | $0 |
| 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 | $100,990 |
| Secured mortgages and notes payable | $62,450 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,364 |
| Total liabilities | $283,804 |
| Net assets without donor restrictions | $517,135 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $800,939 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Institute For The Musical Arts has recieved totaling $67,326.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $28,565 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: ARTS & CULTURE | $20,100 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $18,614 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Strathclyde Usa Foundation New York, NY | $1,380,545 | $2,522,887 |
Emdr Humanitarian Assistance Programs Inc Hamden, CT | $1,654,424 | $1,215,622 |
Northern Frontier Brigade Camp Association Inc Stewart Manor, NY | $1,622,087 | $950,138 |
Institute For The Musical Arts Goshen, MA | $800,939 | $215,968 |
Faith Baptist Church Of Coram Youth Awareness Inc Coram, NY | $75,529 | $0 |
West Henrietta Fire Department Inc West Henrietta, NY | $231,649 | $115,344 |
Cora Du Bois Charitable Trust Boston, MA | $1,178,082 | $149,489 |
Canandaigua Rotary Service Foundation Inc Canandaigua, NY | $38,534 | $0 |
United States Wheelchair Sports Fund Inc New York, NY | $54,161 | $0 |
Fairfield Police Explorers Fairfield, CT | $53,988 | $0 |
Friends Of Islington Scouting Inc Westwood, MA | $12,373 | $0 |
Weston Scouts Inc Weston, MA | $251,976 | $0 |