Wausau Conservatory Of Music Inc
- Assets
- $2.3m
- Revenue
- $970.6k
- Investments
- $0.0
- Employees
- 29
- Location
- Wausau, WI
- Founding
- 11/1981
- Data as of
- 06/2021
- EIN
- 39-1391008
Organization Overview
Wausau Conservatory Of Music Inc is located in Wausau, WI. The organization was established in 1981. 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 06/2021, Wausau Conservatory Of Music Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wausau 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 06/2021, Wausau Conservatory Of Music Inc generated $970.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $588.8k 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
THE WAUSAU CONSERVATORY OF MUSIC PROVIDES EXCEPTIONAL MUSIC EDUCATION AND PERFORMANCES THAT ENRICH THE LIVES OF STUDENTS AND THEIR FAMILIES, FACULTY, AND MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WAUSAU CONSERVATORY OF MUSIC IS A MUSIC SCHOOL SERVING OUR COMMUNITY SINCE 1981. IN 2017 THE SCHOOL HAS OVER 1230 STUDENTS INVOLVED IN LESSONS, CLASSES, ENSEMBLES, CAMPS, CHOIRS, AND 54 PERFORMANCES ATTENDED BY OVER 6400 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Hill Executive Di | Officer | 40 | $50,670 |
Laura Ramsey Vice Preside | OfficerTrustee | 4 | $0 |
Sarah Verber Treasurer | OfficerTrustee | 2 | $0 |
Carol Lamansky Secretary | OfficerTrustee | 3 | $0 |
Amy Ryan President | OfficerTrustee | 8 | $0 |
Camille Nicklaus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,468 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,224 |
| Noncash contributions included in lines 1a–1f | $5,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,692 |
| Total Program Service Revenue | $395,369 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $238,323 |
| Net Income from Fundraising Events | $14,980 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $970,609 |
| 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. | $50,670 |
| Compensation of current officers, directors, key employees. | $4,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,917 |
| Pension plan accruals and contributions | $4,700 |
| Other employee benefits | $22,376 |
| Payroll taxes | $25,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,037 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,455 |
| Office expenses | $37,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,112 |
| Travel | $0 |
| 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 | $42,845 |
| Insurance | $13,714 |
| All other expenses | $0 |
| Total functional expenses | $588,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,222 |
| Savings and temporary cash investments | $223,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,632 |
| 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 | $2,502 |
| Net Land, buildings, and equipment | $698,274 |
| Investments—publicly traded securities | $1,330,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,422 |
| Total assets | $2,318,265 |
| Accounts payable and accrued expenses | $13,051 |
| Grants payable | $0 |
| Deferred revenue | $30,213 |
| 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 | $68,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111,826 |
| Net assets without donor restrictions | $1,887,432 |
| Net assets with donor restrictions | $319,007 |
| 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 | $2,318,265 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wausau Conservatory Of Music Inc has recieved totaling $70,799.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Central Wisconsin Inc Wausau, WI PURPOSE: MUSIC - ORCHESTRAS, BANDS, OPERA, CONCERT SERIES, ETC. | $54,965 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $13,566 |
Bell Family Charitable Foundation Inc Wisconsin Rapids, WI PURPOSE: OPERATIONS | $1,000 |
Harvey J Nelson Charitable Trust Chicago, IL PURPOSE: PROGRAM SUPPORT | $1,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $1,032,402 |
| Earnings | $291,396 |
| Admin Expense | $11,037 |
| Grants | $11,665 |
| Ending Balance | $1,301,096 |
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 |