Westrick Music Academy Inc
- Assets
- $619.3k
- Revenue
- $775.6k
- Investments
- $382.0k
- Employees
- 17
- Location
- Princeton Jct, NJ
- Founding
- 03/1994
- Data as of
- 08/2022
- EIN
- 22-3212405
Organization Overview
Westrick Music Academy Inc is located in Princeton Jct, NJ. The organization was established in 1994. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Westrick Music Academy Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westrick Music Academy 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 08/2022, Westrick Music Academy Inc generated $775.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $897.7k during the year ending 08/2022. While expenses have increased by 3.3% 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
WESTRICK MUSIC ACADEMY PROVIDES OPPORTUNITIES TO GROW THROUGH THE PURSUIT OF MUSICAL EXCELLENCE IN A SUPPORTIVE, COLLABORATIVE, AND JOYOUS ENVIRONMENT FOR YOUTH CHORISTERS AND MUSICIANS OF ALL AGES IN THE CENTRAL NEW JERSEY AND BUCKS COUNTY, PENNSYLVANIA, REGIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC PERFORMANCE AND EDUCATION WESTRICK MUSIC ACADEMY ATTRACTS MORE THAN 300 GIRLS AND BOYS EACH YEAR FROM ACROSS CENTRAL NEW JERSEY AND EASTERN PENNSYLVANIA WHO COME TOGETHER IN TEN CHOIRS. THE SINGERS DEVELOP THEIR SKILLS AS SINGERS AND MUSICIANS UNDER THE GUIDANCE OF OUTSTANDING ARTISTIC LEADERS, WHILE GROWING IN GRACE, SELF- ESTEEM, CONFIDENCE, AND CHARACTER. THEY THEN, IN TURN, INSPIRE THEIR AUDIENCES WITH SONG IN AS MANY AS 40 PERFORMANCES DURING THE CONCERT SEASON (SEPTEMBER THROUGH MAY). EACH CHOIR REHEARSES IN PRINCETON JUNCTION, NEW JERSEY ONCE A WEEK DURING THIS SEASON. THESE ACTIVITIES ARE FUNDED THROUGH TUITION,DONATIONS, AND GRANTS, AND OCCUPY 85% OF THE TIME AND EFFORTS OF THE ORGANIZATION.
PERFORMANCE TOURS IN ADDITION TO PRESENTING PERFORMANCES THROUGHOUT THE TRI-STATE AREA, WESTRICK MUSIC ACADEMY TOURS BOTH DOMESTICALLY AND INTERNATIONALLY ON AN ANNUAL BASIS. THESE TOURS ALLOW CHORISTERS TO PERFORM FOR NEW AUDIENCES AND INTERACT WITH MUSICIANS FROM DIFFERENT BACKGROUNDS AND CULTURES. TOURS MAY RANGE FROM A WEEKEND FESTIVAL IN A NEARBY STATE TO A TWO-WEEK INTERNATIONAL PERFORMANCE TOUR FILLED WITH PERFORMANCES AND WORKSHOPS FOR MANY AUDIENCES. IN ADDITION TO EXPANDING THEIR MUSICAL EXPERIENCE, THE CHORISTERS ARE EMPOWERED WITH GROWING INDEPENDENCE, A SHARPER SELF-AWARENESS, AND ENHANCED PERSPECTIVE OF THE WORLD IN WHICH THEY LIVE. TOURS ARE FUNDED BY THE PARTICIPANTS, WITH FINANCIAL ASSISTANCE PROVIDED BY DIRECTED GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary K Butler Executive Di | OfficerTrustee | 40 | $80,125 |
Archana Pradhan Lackey President-El | OfficerTrustee | 2 | $0 |
Daniela Phayme Secretary | OfficerTrustee | 2 | $0 |
Mark Badros Treasury | OfficerTrustee | 2 | $0 |
Mike Wasden President | OfficerTrustee | 2 | $0 |
Tasneem Hajara Director | Trustee | 2 | $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 | $162,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,717 |
| Total Program Service Revenue | $596,967 |
| Investment income | $15,942 |
| 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 | $775,626 |
| 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. | $80,125 |
| Compensation of current officers, directors, key employees. | $22,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,302 |
| Fees for services: Management | $3,772 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,732 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,632 |
| Office expenses | $13,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,203 |
| Travel | $1,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,805 |
| Insurance | $38,030 |
| All other expenses | $18,121 |
| Total functional expenses | $897,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,389 |
| Savings and temporary cash investments | $18,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,863 |
| 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 | $449 |
| Net Land, buildings, and equipment | $40,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $382,017 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,508 |
| Total assets | $619,346 |
| Accounts payable and accrued expenses | $17,382 |
| Grants payable | $0 |
| Deferred revenue | $36,068 |
| 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 | $149,781 |
| Other liabilities | $0 |
| Total liabilities | $203,231 |
| Net assets without donor restrictions | $416,115 |
| 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 | $619,346 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Westrick Music Academy Inc has recieved totaling $2,400.
| Awarding Organization | Amount |
|---|---|
Honey Perkins Family Foundation Wilmington, DE PURPOSE: TOUR SCHOLARSHIP FOR PGC CAMP AND PBC SCHOLARSHIP FUND | $1,000 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $400 |
Endowment Analysis
| Beg. Balance | $52,603 |
| Earnings | -$5,052 |
| Admin Expense | $377 |
| Ending Balance | $47,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Peoples Chorus Of New York City Inc New York, NY | $5,108,088 | $5,381,162 |
Black Lily Inc Philadelphia, PA | $3,931,726 | $4,267,503 |
Bach Choir Of Bethlehem Bethlehem, PA | $8,668,443 | $1,522,038 |
Brooklyn Youth Chorus Academy Inc Brooklyn, NY | $4,251,363 | $1,486,851 |
Mastervoices Inc New York, NY | $779,342 | $1,755,720 |
Zamir Choral Foundation Inc New York, NY | $1,054,675 | $1,768,406 |
Teutonia Maennerchor Of Allegheny City Pittsburgh, PA | $434,873 | $973,808 |
The Choir School Of Delaware Inc Wilmington, DE | $1,170,051 | $1,493,529 |
Philadelphia Boys And Girls Choirs Philadelphia, PA | $1,941,949 | $771,480 |
Westrick Music Academy Inc Princeton Jct, NJ | $619,346 | $775,626 |
Rock To The Future Philadelphia, PA | $549,869 | $840,748 |
Albany Pro Musica Inc Troy, NY | $1,087,348 | $710,352 |