Cumberland Valley School Of Music
- Assets
- $1.1m
- Revenue
- $709.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Chambersburg, PA
- Founding
- 10/1990
- Data as of
- 08/2022
- EIN
- 25-1629280
Organization Overview
Cumberland Valley School Of Music is located in Chambersburg, PA. The organization was established in 1990. 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, Cumberland Valley School Of Music employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Valley School 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 08/2022, Cumberland Valley School Of Music generated $709.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $644.8k during the year ending 08/2022. While expenses have increased by 3.2% per year over the past 6 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
TO CREATE A MUSICAL COMMUNITY WHERE HIGH QUALITY INSTRUCTION AND PERFORMANCE OPPORTUNITIES ARE AVAILABLE TO ALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE IS TO PROVIDE QUALITY MUSIC EDUCATION AT AFFORDABLE RATES FOR RESIDENTS OF FRANKLIN CO. PA AND NEIGHBORING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Mcendree Exec. Director | Officer | 40 | $57,533 |
Jeramy Culler President | OfficerTrustee | 4 | $0 |
Fred Ryerse Vice Pres. | OfficerTrustee | 4 | $0 |
Maureen Spang Secretary | OfficerTrustee | 2 | $0 |
Sean Raczkowski Treasurer | OfficerTrustee | 4 | $0 |
John Boozer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,110 |
| Total Program Service Revenue | $370,533 |
| Investment income | $11,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,981 |
| Net Income from Fundraising Events | $40,502 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,931 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,985 |
| 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. | $57,533 |
| Compensation of current officers, directors, key employees. | $28,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,879 |
| Payroll taxes | $19,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,298 |
| Fees for services: Other | $5,916 |
| Advertising and promotion | $5,547 |
| Office expenses | $7,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,773 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,400 |
| Insurance | $7,883 |
| All other expenses | $13,999 |
| Total functional expenses | $644,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $188,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,122 |
| 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 | $2,255 |
| Net Land, buildings, and equipment | $3,899 |
| Investments—publicly traded securities | $856,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $1,103,416 |
| Accounts payable and accrued expenses | $2,100 |
| Grants payable | $0 |
| Deferred revenue | $154,319 |
| 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 | $156,419 |
| Net assets without donor restrictions | $576,096 |
| Net assets with donor restrictions | $370,901 |
| 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 | $1,103,416 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cumberland Valley School Of Music has recieved totaling $16,800.
| Awarding Organization | Amount |
|---|---|
The Foundation For Enhancing Communities Harrisburg, PA PURPOSE: ARTS INTEGRATED PRESCHOOL MEADOW CREEK EXPANSION | $10,000 |
The Foundation For Enhancing Communities Harrisburg, PA PURPOSE: ARTS INTEGRATED PRESCHOOL MEADOW CREEK EXPANSION | $6,800 |
Endowment Analysis
| Beg. Balance | $450,656 |
| Earnings | -$72,682 |
| Net Contributions | $10,000 |
| Grants | $17,073 |
| Ending Balance | $370,901 |
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 |
Imagination Stage Inc Bethesda, MD | $7,434,755 | $5,049,513 |
Cleveland Music School Settlement Cleveland, OH | $23,962,029 | $4,711,711 |