New England Conservatory Of Music

Organization Overview

New England Conservatory Of Music is located in Boston, MA. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, New England Conservatory Of Music employed 1,280 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Conservatory Of Music 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 06/2020, New England Conservatory Of Music generated $68.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $69.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

NEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HIGHER EDUCATION: COLLEGE - MUSIC SCHOOL WITH PROGRAMS LEADING TO BACHELOR'S DEGREES, MASTER'S DEGREES, DOCTORAL DEGREES, AND DIPLOMAS. NEC'S ENROLLMENT IS COMPRISED OF APPROXIMATELY HALF UNDERGRADUATES AND HALF GRADUATE STUDENTS. (700 STUDENTS)


STUDENT SERVICES PROGRAM, GENERAL/OTHER: RESIDENCE HALL/DINING - ALL FRESHMEN AND SOPHOMORES ARE HOUSED AND DINE IN THE NEC RESIDENCE HALL. THE CAFETERIA IS OPEN TO THE ENTIRE COMMUNITY. (230 STUDENTS) HEALTH SERVICES - ON-SITE STUDENT HEALTH CENTER PROVIDING ROUTINE AND URGENT CARE AND REFERRALS, STAFFED BY A PHYSICIAN AND NURSE PRACTITIONERS. SUPPORTED BY STUDENT MEDICAL FEES AND INSURANCE REIMBURSEMENTS. COUNSELING SERVICES - ON-SITE CENTER PROVIDING CONFIDENTIAL COUNSELING FOR STUDENTS, STAFFED BY A PSYCHIATRIST AND PROFESSIONAL COUNSELORS.


PREPARATORY AND CONTINUING EDUCATION PROGRAMS: SCHOOL OF PREPARATORY AND CONTINUING EDUCATION - MUSIC INSTRUCTION FOR CHILDREN AGES 4-18 AND ADULTS NOT LEADING TO A SPECIFIC DEGREE. PRIVATE STUDIO LESSONS ARE OFFERED AS WELL AS ENSEMBLES AND CLASSES. 6.14% FINANCIAL AID IS PROVIDED BASED PRIMARILY ON NEED. (1,590 STUDENTS)


CONCERTS AND HALL RENTALS: OTHER PROGRAM SERVICES INCLUDE EXPENSES RELATED TO OVER 1,000 FREE NEC CONCERTS PERFORMED BY STUDENTS, FACULTY AND GUEST ARTISTS PER YEAR AND EXPENSES FOR CONCERTS AT NEC PERFORMED BY OUTSIDE ORGANIZATIONS. THESE OUTSIDE ORGANIZATIONS PAY NEC HALL RENTAL FEES AND OTHER ASSOCIATED RENTAL COSTS, SUCH AS SECURITY AND LIGHTING/TECHNICAL SERVICES, RELATED TO THEIR PERFORMANCES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Guardian Security & Protection Llc
Security Service
$905,884
Audio Visual Innovations Inc
Audio/visual Services
$645,839
Rutter Networking Technologies Inc
Retail/it Services
$644,555
Clinical Research Sequencing Platform L
Medical Laboratories
$562,500
Rebecca's Cafe Inc
Food Services
$491,874
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,073,887
Investment income $91,439
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $25,174
Net Gain/Loss on Asset Sales $5,073,859
Net Income from Fundraising Events -$73,766
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $68,675,147

Grants Recieved

Over the last fiscal year, we have identified 5 grants that New England Conservatory Of Music has recieved totaling $5,856.

Awarding OrganizationAmount
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION FOR ANNUAL SUPPORT

$2,500
Max & Sophie Mydans Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$1,056
Sims-Maes Foundation Inc

Boston, MA

PURPOSE: GENERAL PURPOSES

$1,000
Alchemy Foundation

Cambridge, MA

PURPOSE: GENERAL SUPPORT

$1,000
$300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$119,213,753
Earnings$40,587,444
Admin Expense$263,417
Net Contributions$822,528
Other Expense$2,755,796
Grants$2,805,870
Ending Balance$154,798,642

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$111,425,492
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$117,188,309
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$107,496,250
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$97,566,880
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$93,452,182
Mount Saint Mary College
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$87,358,285
American International College
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$85,156,875

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