Ottley Music School Inc
- Assets
- $70.2k
- Revenue
- $125.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Hyattsville, MD
- Founding
- 01/2002
- Data as of
- 06/2021
- EIN
- 31-1699713
Organization Overview
Ottley Music School Inc is located in Hyattsville, MD. The organization was established in 2002. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Ottley Music School Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ottley Music School 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 06/2021, Ottley Music School Inc generated $125.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $221.4k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFER MUSIC INSTRUCTION TO ANY PERSON REGARDLESS OF AGE, RACE, CREED, NATIONAL ORIGIN OR MUSICAL GOALS ON A VARIETY OF INSTRUMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLE MOZART CLASSES FOR 3 TO 5 YEAR OLDS - WE HAD 11 STUDENTS ENROLLED EVEN THOUGH CLASSES WERE SUSPENDED AND TRANSFERRED TO INDIVIDUAL LESSONS FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nevilla E Ottley-Adjahoe Secretary | Officer | 40 | $61,762 |
Edgar E Adjahoe President | Officer | 1 | $22,846 |
Rhonda F Bedell CPA Treasurer | Officer | 10 | $7,950 |
William Thomas Monaco Executive Director | Officer | 20 | $0 |
Samona Watts ESQ Member | Trustee | 1 | $0 |
Darien Claxton Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,842 |
| Noncash contributions included in lines 1a–1f | $1,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,323 |
| Total Program Service Revenue | $91,768 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,660 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,666 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,353 |
| Compensation of current officers, directors, key employees. | $51,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,117 |
| Fees for services: Management | $30,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,693 |
| Advertising and promotion | $4,174 |
| Office expenses | $9,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,226 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $221,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,983 |
| Loans from Officers, Directors, or Controlling Persons | $845 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,806 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,191 |
| Accounts payable and accrued expenses | $57,191 |
| 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 | $68,160 |
| Other liabilities | $1,525 |
| Total liabilities | $126,876 |
| Net assets without donor restrictions | -$56,685 |
| 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 | $70,191 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ottley Music School Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Schools Of Camden Inc Philadelphia, PA | $73,798,386 | $68,691,904 |
Grafton School Incorporated Winchester, VA | $59,407,353 | $59,458,949 |
Childrens Institute Of Pittsburgh Pittsburgh, PA | $161,136,560 | $38,389,576 |
Maryland School For The Blind Baltimore, MD | $195,153,982 | $44,682,438 |
Western Pennsylvania School For Blind Children Pittsburgh, PA | $69,573,969 | $29,978,055 |
Overbrook School For The Blind Philadelphia, PA | $240,732,911 | $37,096,319 |
Western Pennsylvania School For The Deaf Pittsburgh, PA | $151,023,004 | $35,138,209 |
The Benedictine School For Exceptional Children Inc Ridgely, MD | $11,283,116 | $24,781,335 |
Lab School Of Washington Washington, DC | $60,963,136 | $23,245,137 |
Depaul Community Resources Roanoke, VA | $12,194,514 | $23,378,306 |
Phillips Programs Annandale, VA | $24,790,311 | $22,425,625 |
The Education Center At The Watson Institute Sewickley, PA | $42,051,186 | $19,609,011 |