Nashua Community Music School
- Assets
- $219.1k
- Revenue
- $475.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Nashua, NH
- Founding
- 09/1985
- Data as of
- 08/2022
- EIN
- 22-2528771
Organization Overview
Nashua Community Music School is located in Nashua, NH. The organization was established in 1985. 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 08/2022, Nashua Community Music School employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashua Community Music School 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 08/2022, Nashua Community Music School generated $475.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $443.9k during the year ending 08/2022. While expenses have increased by 16.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INSTRUCTION IN MUSICAL INSTRUMENTS AND VOICE IN THIS REGION AND PROVIDE TALENT TO STAFF THE NEEDS OF LOCAL ORCHESTRAS AND CHORUSES WITHIN NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION IN MUSICAL INSTRUMENTS AND VOICE IN THIS REGION AND PROVIDE TALENT TO STAFF THE NEEDS OF LOCAL ORCHESTRAS AND CHORUSES WITHIN NH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Belfiore Treasurer | Officer | 1 | $0 |
Elizabeth Libby Vice Chair | Officer | 1 | $0 |
Jacob Boyer Chair | Officer | 1 | $0 |
Annabell Hilton Member At Large | Trustee | 1 | $0 |
Cassidy Swanson Member At Large | Trustee | 1 | $0 |
Diane Loudenback Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,831 |
| Related organizations | $0 |
| Government grants | $33,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,373 |
| Total Program Service Revenue | $299,676 |
| Investment income | $104 |
| 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 | $48,222 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,725 |
| 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. | $53,942 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $280 |
| Payroll taxes | $14,156 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,276 |
| Advertising and promotion | $3,063 |
| Office expenses | $2,366 |
| Information technology | $3,886 |
| Royalties | $0 |
| Occupancy | $45,660 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,595 |
| Insurance | $5,576 |
| All other expenses | $33,131 |
| Total functional expenses | $443,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,613 |
| Savings and temporary cash investments | $121,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,228 |
| Total assets | $219,055 |
| Accounts payable and accrued expenses | $0 |
| 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 | $73,681 |
| Other liabilities | $54,497 |
| Total liabilities | $128,178 |
| 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 | $90,877 |
| Total liabilities and net assets/fund balances | $219,055 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nashua Community Music School has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: To expand the Motivate with Music program | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
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 |
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 |
The Circus Barn Incorporated Greensboro, VT | $5,468,222 | $1,808,081 |
International Alliance Theatrical Stage Employees & Moving Picture Woburn, MA | $4,839,375 | $2,513,704 |
Yestermorrow Inc Waitsfield, VT | $2,034,452 | $1,304,526 |
The Concord Community Music School Concord, NH | $1,545,273 | $1,585,620 |
317 Main St Community Music Center Inc Yarmouth, ME | $4,625,414 | $3,657,456 |