Community Musicworks
- Assets
- $9.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Providence, RI
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 05-0507426
Organization Overview
Community Musicworks is located in Providence, RI. The organization was established in 2001. 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 06/2021, Community Musicworks employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Musicworks 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, Community Musicworks generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 3.8% 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
OPERATION OF CHAMBER ORCHESTRA AND MUSIC EDUCATION PROGRAM. APPLIES INNOVATIVE APPROACH TO ARTS EDUCATION THAT FEATURES THE RELATIONSHIP BETWEEN MUSIC AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COMMUNITY MUSICWORKS, A COMMUNITY MUSIC ORGANIZATION THAT EMPHASIZES MUSIC EDUCATION AND SOCIAL JUSTICE PROGRAMS FOR YOUTH AND ADULTS IN UNDERSERVED NEIGHBORHOODS OF PROVIDENCE, RHODE ISLAND. COMMUNITY MUSICWORKS HELD APPROXIMATELY 20 CONCERTS IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Reed Managing Director | Officer | 40 | $63,240 |
Sebastian Ruth Founder & Artistic Directo | Officer | 40 | $59,781 |
Stephen Lister Treasurer | OfficerTrustee | 1 | $0 |
Laura Kiesler President | OfficerTrustee | 1 | $0 |
Susanna Angelillo Secretary | OfficerTrustee | 1 | $0 |
Marconi Hernandez Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,951,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,152,763 |
| Total Program Service Revenue | $2,350 |
| Investment income | $8,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,168,401 |
| 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. | $171,721 |
| Compensation of current officers, directors, key employees. | $10,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $670,343 |
| Pension plan accruals and contributions | $8,781 |
| Other employee benefits | $39,132 |
| Payroll taxes | $67,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,956 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,389 |
| Fees for services: Other | $31,100 |
| Advertising and promotion | $23,507 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,938 |
| 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 | $16,374 |
| Insurance | $8,932 |
| All other expenses | $0 |
| Total functional expenses | $1,285,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,533 |
| Savings and temporary cash investments | $291,917 |
| Pledges and grants receivable | $4,946,611 |
| 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 | $42,162 |
| Net Land, buildings, and equipment | $657,243 |
| Investments—publicly traded securities | $2,539,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $316,677 |
| Total assets | $8,955,313 |
| Accounts payable and accrued expenses | $68,122 |
| 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 | $68,122 |
| Net assets without donor restrictions | $1,429,932 |
| Net assets with donor restrictions | $7,457,259 |
| 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 | $8,955,313 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Community Musicworks has recieved totaling $4,185,752.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: YOUTH EMPOWERMENT AND INSTITUTIONAL EQUITY INITIATIVE; BUILDING ACQUISITION; SPECIAL BUILDING PROJECT; RWS SELECTION PANEL AWARD; GENERAL OPERATING; MUSIC EDUCATION; PROGRAM SUPPORT; GENERAL SUPPORT; EMPLOYEE MATCHING PROGRAM; CAPITAL CAMPAIGN; KEEP THE MUSIC PLAYING! | $2,156,625 |
The Champlin Foundation Pittsburgh, PA PURPOSE: SITEWORK CONSTRUCTION OF COMMUNITY MUSICWORKS CENTER | $400,000 |
Fidelity Foundation Boston, MA PURPOSE: CONSTRUCTION | $400,000 |
The Norman And Rosalie Fain Family Foundation Pawtucket, RI PURPOSE: CAPITAL CAMPAIGN - NEW BUILDING | $250,000 |
The Red Elm Tree Foundation Lincoln, MA PURPOSE: GENERAL PURPOSE GRANT | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $238,000 |
Endowment Analysis
| Beg. Balance | $235,496 |
| Earnings | $80,344 |
| Admin Expense | $2,388 |
| Ending Balance | $313,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Neighborhood Music School Inc New Haven, CT | $8,041,622 | $5,408,099 |
Community Music Center Of Boston Boston, MA | $5,997,832 | $4,709,168 |
Community Music School Of Springfield Inc Springfield, MA | $4,045,762 | $2,001,147 |
Berkshire Choral International Inc Great Barrington, MA | $6,786,260 | $1,965,593 |
Brookline Music School Inc Brookline, MA | $3,029,278 | $1,868,810 |
Nutmeg Conservatory For The Arts Torrington, CT | $10,547,856 | $2,280,759 |
All Newton Music School Inc West Newton, MA | $3,301,443 | $1,511,673 |
Powers Music School Inc Belmont, MA | $2,311,881 | $1,651,220 |
International Alliance Theatrical Stage Employees & Moving Picture Woburn, MA | $4,839,375 | $2,513,704 |
Community Musicworks Providence, RI | $8,955,313 | $5,168,401 |
Joy Of Music Program Inc Worcester, MA | $3,886,405 | $1,557,883 |