Marlboro School Of Music Inc
- Assets
- $99.6m
- Revenue
- $11.6m
- Investments
- $75.2m
- Employees
- 30
- Location
- Philadelphia, PA
- Founding
- 11/1990
- Data as of
- 09/2021
- EIN
- 03-0186612
Organization Overview
Marlboro School Of Music Inc is located in Philadelphia, PA. The organization was established in 1990. 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 09/2021, Marlboro School Of Music Inc employed 30 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Marlboro School Of Music Inc 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 09/2021, Marlboro School Of Music Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.1m during the year ending 09/2021. While expenses have increased by 1.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP MUSICAL LEADERS THROUGH A COMMUNITY DEVOTED TO THE EXPLORATION OF CHAMBER MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE A SUMMER STUDY PROGRAM AND COMMUNITY IN SOUTHEASTERN VERMONT IN WHICH 90 DIVERSE MUSICIANS SHARE INSIGHTS AND IDEAS IN INTENSIVE DAILY REHEARSALS, AND LIVE WITH ONE ANOTHER, AND WITH STAFF MEMBERS, SPOUSES AND CHILDREN FOR SEVEN WEEKS.
TO PRESENT WEEKEND CONCERTS TO AUDIENCES OF APPROXIMATELY 6,000 PER SEASON, FEATURING EXCEPTIONAL PERFORMANCES OF WORKS THAT EMANATE FROM OUR INTENSIVE SUMMER STUDY PROGRAM, AND WHICH INTRODUCE YOUNG EMERGING MUSICAL LEADERS, AND RARELY-HEARD AND NEW COMPOSITIONS OF SPECIAL MERIT.
TO PRESENT SEVERAL SERIES OF TOURING ENSEMBLES IN MAJOR EAST COAST CITIES, AND SINGLE CONCERTS IN OTHER COMMUNITIES, THAT BRING EXCITING PERFORMANCES FROM OUR SUMMER TRAINING PROGRAM IN VERMONT TO BROADER AUDIENCES WHO WOULD NOT OTHERWISE BE ABLE TO EXPERIENCE THEM. THE TOUR PERFORMANCES WERE CANCELLED DURING THIS FISCAL YEAR DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Maneval Assistant Treasurer | Officer | 30 | $106,014 |
Miles Cohen Assistant Treasurer | Officer | 30 | $76,004 |
Mr Christopher Serkin President & Chairman | OfficerTrustee | 6 | $0 |
Mr William H Roberts Treasurer & Vice President | OfficerTrustee | 4 | $0 |
Susan S Rai ESQ Clerk & Vice President | OfficerTrustee | 2 | $0 |
Mr Peter A Benoliel Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Courtland Construction Contractor | 9/29/21 | $3,660,594 |
Aramark Food Service Provider | 9/29/21 | $170,000 |
Hammel Green And Abrahmson Inc Architectural Services | 9/29/21 | $191,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,512,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,745,306 |
| Total Program Service Revenue | $386,646 |
| Investment income | $976,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,627 |
| Net Gain/Loss on Asset Sales | $5,471,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,583,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $424,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,944 |
| Compensation of current officers, directors, key employees. | $60,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $628,586 |
| Pension plan accruals and contributions | $61,851 |
| Other employee benefits | $172,080 |
| Payroll taxes | $75,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $153,013 |
| 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 | $21,112 |
| Advertising and promotion | $30,202 |
| Office expenses | $92,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $435,150 |
| 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 | $459,757 |
| Insurance | $88,100 |
| All other expenses | $200,983 |
| Total functional expenses | $4,051,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481 |
| Savings and temporary cash investments | $347,561 |
| Pledges and grants receivable | $470,731 |
| 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 | $197,027 |
| Net Land, buildings, and equipment | $17,155,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $75,183,447 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,283,631 |
| Total assets | $99,638,142 |
| Accounts payable and accrued expenses | $138,196 |
| Grants payable | $0 |
| Deferred revenue | $17,482 |
| 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 | $1,064,597 |
| Total liabilities | $1,220,275 |
| Net assets without donor restrictions | $76,075,681 |
| Net assets with donor restrictions | $22,342,186 |
| 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 | $99,638,142 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Marlboro School Of Music Inc has recieved totaling $170,869.
| Awarding Organization | Amount |
|---|---|
S & L Marx Foundation Inc Wilmington, DE PURPOSE: NEW EDUCATIONAL FACILITY | $62,500 |
Packard Humanities Institute Los Altos, CA PURPOSE: DIRECTOR MATCHING GRANT FOR GENERAL SUPPORT | $30,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $13,858 |
The Robert S Rifkind Charitable Foundation New York, NY PURPOSE: GENERAL SUPPORT | $12,500 |
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $12,500 |
Morse Family Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $64,125,340 |
| Earnings | $11,728,293 |
| Net Contributions | $251,241 |
| Grants | $2,250,000 |
| Ending Balance | $73,854,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
Imagination Stage Inc Bethesda, MD | $7,434,755 | $5,049,513 |
Cleveland Music School Settlement Cleveland, OH | $23,962,029 | $4,711,711 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |
Marlboro School Of Music Inc Philadelphia, PA | $99,638,142 | $11,583,017 |
Hoff Barthelson Music School Scarsdale, NY | $5,808,540 | $3,629,362 |