Wisconsin Conservatory Of Music Inc
- Assets
- $12.9m
- Revenue
- $4.5m
- Investments
- $671.3k
- Employees
- 107
- Location
- Milwaukee, WI
- Founding
- 09/1953
- Data as of
- 08/2021
- EIN
- 39-0915050
Organization Overview
Wisconsin Conservatory Of Music Inc is located in Milwaukee, WI. The organization was established in 1953. 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 08/2021, Wisconsin Conservatory Of Music Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Conservatory 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 08/2021, Wisconsin Conservatory Of Music Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $3.4m during the year ending 08/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING INDIVIDUALS AND COMMUNITIES THROUGH EXCEPTIONAL MUSIC EDUCATION, ACCESSIBLE TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISCONSIN CONSERVATORY OF MUSIC STRIVES TO PROVIDE THE FINEST MUSIC EDUCATION EXPERIENCE FOR BOTH PROFESSIONALS AND BEGINNERS ALIKE. WITH 122 YEARS OF EXPERIENCE, FOUR BRANCH LOCATIONS AND A HIGHLY KNOWLEDGEABLE FACULTY, WE HAVE THE SKILLS TO HELP OUR STUDENTS EXCEL AND REACH THEIR FULL POTENTIAL. THE CONSERVATORY OF MUSIC SEEKS TO PROVIDE A CONTINUUM OF LEARNING FOR OUR STUDENTS. THE PATHWAY BEGINS WITH EARLY CHILDHOOD MUSIC EXPLORATIONS, AND CONTINUES THROUGH DISCOVERIES CLASSES, CLASSES FOR KIDS AND THEN ON TO INDIVIDUAL INSTRUCTION, CHAMBER GROUPS, ENSEMBLES, AND CAMPS.CONSERVATORY CONNECTIONS DELIVERS MUSIC PROGRAMS, CURRICULUM AND CLASSROOM SUPPORT TO MANY PUBLIC, PRIVATE, CHARTER AND CHOICE SCHOOLS IN THE METRO-MILWAUKEE AREA, AS WELL AS COMMUNITY-BASED SERVICE ORGANIZATIONS THROUGHOUT GREATER MILWAUKEE. OUR FACULTY TRAVEL TO CLASSROOMS WITH WORKSHOPS, CLINICS AND FULL ACADEMIC YEAR MUSIC PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Tillich President/ceo | Officer | 40 | $174,909 |
Shalisa Kline-Ugaz Executive Vice President | Officer | 40 | $113,169 |
David Hoover Vice Chairman | OfficerTrustee | 1 | $0 |
Henry Herzing Immediate Past Chair | OfficerTrustee | 1 | $0 |
Wendell Willis Second Vice Chair And Secretary | OfficerTrustee | 1 | $0 |
Benjamin Pavlik Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $906,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,330,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,236,698 |
| Total Program Service Revenue | $1,984,115 |
| Investment income | $208,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,546,941 |
| 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. | $325,627 |
| Compensation of current officers, directors, key employees. | $61,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,817,781 |
| Pension plan accruals and contributions | $36,044 |
| Other employee benefits | $132,164 |
| Payroll taxes | $153,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,318 |
| Fees for services: Other | $58,710 |
| Advertising and promotion | $81,284 |
| Office expenses | $182,119 |
| Information technology | $47,188 |
| Royalties | $0 |
| Occupancy | $253,637 |
| Travel | $5,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,936 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,389,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,277 |
| Savings and temporary cash investments | $186,821 |
| Pledges and grants receivable | $715,009 |
| Accounts receivable, net | $85,398 |
| 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 | $28,268 |
| Net Land, buildings, and equipment | $2,789,937 |
| Investments—publicly traded securities | $8,299,893 |
| Investments—other securities | $671,313 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,346 |
| Total assets | $12,916,262 |
| Accounts payable and accrued expenses | $101,383 |
| Grants payable | $0 |
| Deferred revenue | $211,148 |
| 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 | $312,531 |
| Net assets without donor restrictions | $10,572,799 |
| Net assets with donor restrictions | $2,030,932 |
| 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 | $12,916,262 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wisconsin Conservatory Of Music Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Gardner Foundation Milwaukee, WI PURPOSE: OPERATING EXPENSES | $4,500 |
Youth Foundation Inc Milwaukee, WI PURPOSE: ARTS GRANT | $2,500 |
Endowment Analysis
| Beg. Balance | $1,162,174 |
| Earnings | $289,892 |
| Net Contributions | $2,825 |
| Other Expense | $30,045 |
| Ending Balance | $1,424,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flint Institute Of Music Flint, MI | $38,937,123 | $17,244,716 |
Old Town School Of Folk Music Inc Chicago, IL | $26,291,664 | $13,585,929 |
Merit School Of Music Chicago, IL | $32,406,157 | $6,571,408 |
Wisconsin Conservatory Of Music Inc Milwaukee, WI | $12,916,262 | $4,546,941 |
Peoples Music School Inc Chicago, IL | $5,536,992 | $3,227,151 |
The Patrick G and Shirley W Ryan Opera Center Chicago, IL | $0 | $2,321,702 |
Preucil School Of Music Iowa City, IA | $5,696,584 | $1,870,215 |
Walker West Music Academy Saint Paul, MN | $1,276,732 | $1,732,905 |
Hyde Park School Of Dance Chicago, IL | $889,337 | $1,144,142 |
Suzuki-Orff School For Young Musicians Chicago, IL | $442,454 | $1,030,627 |
St Paul Conservatory Of Music Saint Paul, MN | $282,927 | $625,706 |
Woodlawn Arts Academy Sterling, IL | $415,650 | $718,677 |