Center Of Musical Studies Inc
- Assets
- $267.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Silver Spring, MD
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 52-1962698
Organization Overview
Center Of Musical Studies Inc is located in Silver Spring, MD. The organization was established in 1997. As of 12/2021, Center Of Musical Studies Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center Of Musical Studies 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 12/2021, Center Of Musical Studies Inc generated $65.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $338.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ACMF FESTIVAL: ORGANIZES AND CONDUCTS ANNUAL SUMMER MUSIC FESTIVAL AND INSTITUTE IN ITALY. INSTITUTE CONSISTS OF INTENSIVE STUDY SESSION WHERE STUDENTS REGISTER AND PAY TUITION TO RECEIVE PRIVATE INSTRUCTION IN A FULL-IMMERSION FORMAT WHILE AT THE SAME TIME PARTICIPATING IN GROUP WORKSHOPS AND MASTER CLASSES. THE FESTIVAL TOOK PLACE EVERY YEAR FROM 1997 THROUGH 2019. THE 2020 AND 2021 EVENTS WERE CANCELLED BECAUSE OF THE COVID PANDEMIC. IN 2021, THE ORGANIZATION PLANNED THE 2022 FESTIVAL, WHICH IN FACT TOOK PLACE IN JULY OF 2022 ON ITS PREVIOUS SCALE, WITH REVENUES IN EXCESS OF $500,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Katsnelson President | 30 | $108,000 | |
Leslie Hyde Secretary-Treasurer | 30 | $95,000 | |
Kettner Griswold Board Member | 1 | $0 | |
Dr Frederick Marshall Board Member | 1 | $0 | |
Andrew G Hyde Board Member | 1 | $0 | |
Peter Barton Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,825 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19,712 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $287,923 |
| Professional fees and other payments to independent contractors | $891 |
| Occupancy, rent, utilities, and maintenance | $12,066 |
| Printing, publications, postage, and shipping | $715 |
| Other expenses | $36,471 |
| Total expenses | $338,066 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $267,815 |
| Other assets | $0 |
| Total assets | $267,815 |
| Total liabilities | $1,594 |
| Net assets or fund balances | $266,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
New York Public Radio New York, NY | $128,472,893 | $81,924,982 |
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
National September 11 Memorial And Museum At The World Trade Center New York, NY | $601,946,963 | $89,488,435 |
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
National Cable Satellite Corporation Washington, DC | $200,978,087 | $63,760,168 |
Ncta-The Internet & Television Association Washington, DC | $96,448,657 | $68,043,969 |
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |