Suzuki Music School Of Westport Inc is located in Westport, CT. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2021, Suzuki Music School Of Westport Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suzuki Music School Of Westport 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 08/2021, Suzuki Music School Of Westport Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.2m during the year ending 08/2021. While expenses have increased by 1.1% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HIGH STANDARD OF MUSICAL EDUCATION USING THE PHILOSOPHY AND METHODOLOGY OF DR. SHINICHI SUZUKI.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Smith Executive Director | Officer | 40 | $104,040 |
Richard Michalek Director/secretary | OfficerTrustee | 2 | $0 |
Michele Heimbauer Director/president | OfficerTrustee | 2 | $0 |
Jennifer Woodbury Director/treasurer | OfficerTrustee | 2 | $0 |
Preneshan Ramaloo Director | Trustee | 2 | $0 |
Makiko Coakley Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $165,440 |
All other contributions, gifts, grants, and similar amounts not included above | $45,990 |
Noncash contributions included in lines 1a–1f | $19,719 |
Total Revenue from Contributions, Gifts, Grants & Similar | $211,430 |
Total Program Service Revenue | $1,036,417 |
Investment income | $130 |
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 | $1,079 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,254,687 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $14,456 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $104,040 |
Compensation of current officers, directors, key employees. | $46,818 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $568,169 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $68,928 |
Payroll taxes | $54,039 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $44,289 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $15,855 |
Office expenses | $39,446 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $175,111 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,391 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $41,902 |
Insurance | $7,338 |
All other expenses | $0 |
Total functional expenses | $1,201,124 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $248,356 |
Savings and temporary cash investments | $265,552 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $112,411 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,884 |
Prepaid expenses and deferred charges | $4,075 |
Net Land, buildings, and equipment | $240,327 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $33,778 |
Total assets | $907,383 |
Accounts payable and accrued expenses | $18,850 |
Grants payable | $0 |
Deferred revenue | $409,763 |
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 | $254,187 |
Total liabilities | $682,800 |
Net assets without donor restrictions | $224,583 |
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 | $907,383 |
Over the last fiscal year, we have identified 2 grants that Suzuki Music School Of Westport Inc has recieved totaling $1,300.
Awarding Organization | Amount |
---|---|
The James And Wendy Agah Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $750 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $550 |
Organization Name | Assets | Revenue |
---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |