Buffalo Suzuki Strings Inc
- Assets
- $1.8m
- Revenue
- $602.3k
- Investments
- $0.0
- Employees
- 14
- Location
- North Tonawanda, NY
- Founding
- 11/1983
- Data as of
- 07/2021
- EIN
- 13-3263534
Organization Overview
Buffalo Suzuki Strings Inc is located in North Tonawanda, NY. The organization was established in 1983. 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 07/2021, Buffalo Suzuki Strings Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Suzuki Strings 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 07/2021, Buffalo Suzuki Strings Inc generated $602.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $528.8k during the year ending 07/2021. 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
TO TEACH CHILDREN ABOUT MUSIC IN A MANNER CONSISTENT WITH THE PHILOSOPHY AND PEDAGOGY DEVELOPED BY DR. SHINICHI SUZUKI. WE ARE DEDICATED TO ACHIEVING EXCELLENCE IN MUSIC EDUCATION BY SUPPORTING A STRONG PARTNERSHIP OF PARENTS, TEACHERS, STUDENTS, AND THE COMMUNITY IN A NURTURING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUFFALO SUZUKI STRINGS PROVIDES A COMPLETE AND COMPREHENSIVE MUSIC EDUCATION FOR CHILDREN FROM BIRTH TO AGE 18. WE TEACH PRIVATE LESSONS AND GROUP ENRICHMENT CLASSES IN VIOLIN, VIOLA, CELLO, PIANO, CLASSICAL GUITAR AND HARP FOR STUDENTS AGES 3-18 AND EARLY CHILDHOOD SUZUKI MUSIC FOR CHILDREN FROM BIRTH TO AGE 3.
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 |
|---|---|---|---|
Lauren Eastlack Co-Executive Director & Fa | OfficerTrustee | 40 | $55,557 |
Mary Cay Neal Co-Executive Director & Fa | OfficerTrustee | 40 | $41,425 |
Rosanne Johnson President | OfficerTrustee | 2 | $0 |
Mary Vari Vice President | OfficerTrustee | 1 | $0 |
Rachel Kregal Phillips Secretary | OfficerTrustee | 1 | $0 |
Maria Valint Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,141 |
| Noncash contributions included in lines 1a–1f | $15,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,167 |
| Total Program Service Revenue | $366,069 |
| Investment income | $10,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $38,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,324 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $602,311 |
| 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. | $96,982 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,644 |
| Payroll taxes | $23,755 |
| 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 | $5,825 |
| Advertising and promotion | $250 |
| Office expenses | $4,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,898 |
| Travel | $133 |
| 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 | $68,084 |
| Insurance | $12,344 |
| All other expenses | $5,370 |
| Total functional expenses | $528,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,209 |
| Savings and temporary cash investments | $176,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $796 |
| 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 | $3,656 |
| Net Land, buildings, and equipment | $568,028 |
| Investments—publicly traded securities | $916,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,750,598 |
| Accounts payable and accrued expenses | $4,952 |
| Grants payable | $0 |
| Deferred revenue | $17,426 |
| 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 | $22,378 |
| Net assets without donor restrictions | $1,648,611 |
| Net assets with donor restrictions | $79,609 |
| 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 | $1,750,598 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Buffalo Suzuki Strings Inc has recieved totaling $31,500.
| Awarding Organization | Amount |
|---|---|
Cullen Foundation Buffalo, NY PURPOSE: ADA COMPLIANT BATHROOM RENOVATION | $25,000 |
Peter & Elizabeth C Tower Foundation Tr Getzville, NY PURPOSE: CHARITABLE | $5,000 |
Ferguson Electric Foundation Buffalo, NY PURPOSE: CHARITABLE | $1,500 |
Endowment Analysis
| Beg. Balance | $517,610 |
| Earnings | $112,034 |
| Net Contributions | $21,015 |
| Ending Balance | $650,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Curtis Institute Of Music Philadelphia, PA | $375,391,914 | $65,896,582 |
Universal Ballet Foundation Tarrytown, NY | $0 | $12,642,868 |
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 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |