Neighborhood Music School Association
- Assets
- $5.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Los Angeles, CA
- Founding
- 06/1945
- Data as of
- 02/2023
- EIN
- 95-6002180
Organization Overview
Neighborhood Music School Association is located in Los Angeles, CA. The organization was established in 1945. 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 02/2023, Neighborhood Music School Association employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Music School Association 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 02/2023, Neighborhood Music School Association generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $865.6k during the year ending 02/2023. While expenses have increased by 7.2% 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
SEE SCHEDULE OTHE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC INSTRUCTION TO CHANGE THE LIVES OF ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC LESSONS TO MORE THAN 300 STUDENTS IN PIANO, VIOLIN, GUITAR, DRUM, CELLO, WOODWINDS, AND BRASS AND VOICE. THE INSTRUCTORS ARE PROFESSIONAL MUSICIANS AND EDUCATORS WHO PROVIDE MUSIC TRAINING AND MENTORSHIP TO THE STUDENTS. MANY OF THE STUDENTS ARE UNDERPRIVILEGED AND WOULD NOT OTHERWISE RECEIVE MUSIC INSTRUCTION.
THE SCHOOL PROVIDES NEEDS-BASED SCHOLARSHIPS TO STUDENTS WHO FALL AT OR BELOW THE POVERTY LINE. SCHOLARSHIPS ARE PROVIDED BY PRIVATE AND CORPORATE DONORS.
THE SCHOOL OFFERS ENSEMBLE TRAINING AND PERFORMANCE OPPORTUNITIES THROUGH RECITALS AND COMMUNITY SERVICE OPPORTUNITIES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey C DE Francisco President | OfficerTrustee | 20 | $0 |
Maureen Mcconnell Secretary | OfficerTrustee | 20 | $0 |
Sean Cauvel Vice President | OfficerTrustee | 20 | $0 |
Dr Joshua Smith Director | Trustee | 10 | $0 |
Serge Kasimoff Director | Trustee | 10 | $0 |
Bruce Gorelick Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,475 |
| Related organizations | $0 |
| Government grants | $126,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $842,447 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,751 |
| Total Program Service Revenue | $253,102 |
| Investment income | $148,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,386,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,629 |
| Compensation of current officers, directors, key employees. | $21,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,131 |
| Payroll taxes | $44,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,766 |
| Fees for services: Other | $12,700 |
| Advertising and promotion | $0 |
| Office expenses | $25,628 |
| Information technology | $18,049 |
| Royalties | $0 |
| Occupancy | $19,654 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,298 |
| Insurance | $15,325 |
| All other expenses | $0 |
| Total functional expenses | $865,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,918 |
| Savings and temporary cash investments | $99,949 |
| Pledges and grants receivable | $419,930 |
| 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 | $3,236 |
| Net Land, buildings, and equipment | $290,028 |
| Investments—publicly traded securities | $4,527,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,454,309 |
| Accounts payable and accrued expenses | $29,523 |
| 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 | $150,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,716 |
| Total liabilities | $183,492 |
| Net assets without donor restrictions | $181,137 |
| Net assets with donor restrictions | $5,089,680 |
| 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 | $5,454,309 |