Project
- Assets
- $51.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 56-2532217
Organization Overview
Project, operating under the name Project Trio, is located in Brooklyn, NY. The organization was established in 2006. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Project Trio employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Trio 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 12/2023, Project Trio generated $141.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $118.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
WE PROVIDE MUSIC EDUCATION TO MORE THAN 50,000 KIDS IN OVER 150 SCHOOLS ACROSS THE COUNTRY. WE PARTICIPATE IN RESIDENCIES AT COLLEGES AND PERFORMING ARTS CENTERS THAT REACH ALL PARTS OF THE COMMUNITY, FROM SCHOOLS, TO HOSPITALS AND ASSISTED LIVING FACILITIES. EACH SUMMER, WE HOST MUSIC TEACHERS AROUND THE COUNTRY AT A TEACHERS TRAINING WORKSHOP. PLUS, WE RUN A POST-GRADUATE PROGRAM THAT FOCUSES ON PERFORMANCE, EDUCATION, AND THE ROLE OF THE 21ST CENTURY MUSICIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Seymour Director | 35 | $23,000 | |
Jonathan Grode Trustee | 1 | $0 | |
John Chance Oppel Trustee | 1 | $0 | |
Allen Adon Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,983 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $145 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,128 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,514 |
| Professional fees and other payments to independent contractors | $26,349 |
| Occupancy, rent, utilities, and maintenance | $3,200 |
| Printing, publications, postage, and shipping | $193 |
| Other expenses | $39,966 |
| Total expenses | $118,222 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,849 |
| Other assets | $0 |
| Total assets | $51,849 |
| Total liabilities | $28,943 |
| Net assets or fund balances | $22,906 |