European American Musical Alliance Inc
- Assets
- $483.4k
- Revenue
- $185.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 13-4009314
Organization Overview
European American Musical Alliance Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, European American Musical Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. European American Musical Alliance 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 06/2022, European American Musical Alliance Inc generated $185.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $233.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL & CULTURAL EXCHANGE PROGRAMS IN EUROPE AND THE U.S. THE PROGRAMS PROMOTE MUSICIANSHIP AND THE MUSICAL ARTS. THE EAMA/NAFME AWARD IS TO HIGH SCHOOL AGED COMPOSERS OF MUSICAL COMPOSITION OF PROFOUND ARTISTIC MESSAGE,
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES TRADITIONALLY INCLUDE A SUMMER MUSIC INSTITUTE AT LA SCHOLA CANTORUM IN PARIS, FRANCE AND SUITE FRANCAISE, A CHAMBER MUSIC CONCERT SERIES IN NEW YORK CITY. HOWEVER IN-PERSON SERVICES WERE SUSPENDED DUE TO COVID 19 THE 2021 SUMMER MUSIC INSTITUTE WAS HELD ONLINE DUE TO THE PANDEMIC THERE WERE 29 STUDENTS WHO ENROLLED IN THE SUMMER MUSIC INSTITUTE OLINE. LIKEWISE, THE JULY 2021 PARIS PROGRAM WAS REPLACED BY A 3-WEEK ONLINE PROGRAM. ONLINE COURSES WERE OFFERED VIA ZOOM IN THE FALL OF 2021 & SPRING 2022 THROUGH THE EAMA ACADEMY ONLINE THE ORGANIZATION CHARGES TUITION AS A NORMAL PART OF ITS PROGRAM SERVICES. AS PART OF THIS PROCESS, ALL APPLICANTS ARE ELIGIBLE TO FILL OUT A FINANCIAL EVALUATION FORM TO REQUEST AID IN THE FORM OF A TUITION REDUCTION. NO ACTUAL AMOUNTS ARE PAID TO STUDENTS. THE DIRECTORS CONSIDER THE STUDENT'S RESOURCES, TALENT, AND THEIR PARENT'S OCCUPATIONS TO DETERMINE IF A TUITION REDUCTION CAN BE GRANTED. STUDENTS CAME FROM ALL OVER THE USA EAMA AND THE NATIONAL ASSOCIATION FOR MUSIC EDUCATORS AWARDS PRIZES FOR COMPOSITION FOR YOUNG COMPOSERS WHICH HAS BEEN ONGONG SINCE 2011.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Lasser Director | Trustee | 1 | $60,640 |
Pamela Lasser Vp/treasurer | OfficerTrustee | 1 | $52,693 |
Cynthia Lilley Director | Trustee | 0.1 | $0 |
Brian Shea President | OfficerTrustee | 0.1 | $0 |
Bj Adler Secretary | OfficerTrustee | 0.1 | $0 |
Wassila Guiga-Lotfi Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,541 |
| Noncash contributions included in lines 1a–1f | $3,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,541 |
| Total Program Service Revenue | $152,753 |
| Investment income | $3,109 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,333 |
| Compensation of current officers, directors, key employees. | $52,693 |
| Compensation to disqualified persons | $28,333 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,480 |
| Office expenses | $3,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $343 |
| 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 | $1,569 |
| Insurance | $0 |
| All other expenses | $7,694 |
| Total functional expenses | $233,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $51,923 |
| Net Land, buildings, and equipment | $2,229 |
| Investments—publicly traded securities | $165,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,388 |
| Accounts payable and accrued expenses | $28,335 |
| Grants payable | $0 |
| Deferred revenue | $241,038 |
| 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 | $269,373 |
| Net assets without donor restrictions | $0 |
| 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 | $214,015 |
| Total liabilities and net assets/fund balances | $483,388 |