New School Of Music Inc
- Assets
- $10.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/2014
- Data as of
- 03/2023
- EIN
- 27-0511461
Organization Overview
New School Of Music Inc is located in Austin, TX. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New School Of Music 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 03/2023, New School Of Music Inc generated $123.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $144.7k during the year ending 03/2023. While expenses have increased by 7.6% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Spencer Executive Director Treasurer | 20 | $11,700 | |
David Fazio Chairman | 2 | $0 | |
Evan Taniguchi Secretary | 0.5 | $0 | |
Don Braden Director | 0.5 | $0 | |
Andre Hayward Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,052 |
| Total Program Service Revenue | $69,935 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,019 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,054 |
| Professional fees and other payments to independent contractors | $72,864 |
| Occupancy, rent, utilities, and maintenance | $6,887 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,788 |
| Total expenses | $144,693 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,717 |
| Other assets | $0 |
| Total assets | $10,067 |
| Total liabilities | $121,896 |
| Net assets or fund balances | -$111,829 |