Community Music School
- Assets
- $554.2k
- Revenue
- $529.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Raleigh, NC
- Founding
- 05/1994
- Data as of
- 06/2023
- EIN
- 58-2098168
Organization Overview
Community Music School is located in Raleigh, NC. The organization was established in 1994. 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 06/2023, Community Music School employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Music School 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 06/2023, Community Music School generated $529.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $538.9k during the year ending 06/2023. While expenses have increased by 19.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY MUSIC SCHOOL OF RALEIGH POSITIVELY ENRICHES THE LIVES OF CHILDREN FROM LOW-INCOME FAMILIES THROUGH AFFORDABLE, HIGH QUALITY MUSIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED PRIVATE MUSIC LESSONS FOR AT-RISK YOUTH FROM PROFESSIONAL MUSICIANS. PROVIDED MUSICAL INSTRUMENTS FOR STUDENTS' USE. GAVE STUDENTS THE OPPORTUNITY TO PERFORM PUBLICLY IN SCHOOL RECITALS. GAVE STUDENTS LOW-COST OPPORTUNITIES TO ATTEND CONCERTS PRODUCED BY MUSIC ORGANIZATIONS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Candice Arrick Director | Trustee | 1 | $0 |
John L Cramer Director | Trustee | 1 | $0 |
Inez Brewington Director | Trustee | 1 | $0 |
Donna Mooney Haywood Secretary | OfficerTrustee | 1 | $0 |
David Jernigan Director | Trustee | 1 | $0 |
Sandra Dubose Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $457,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,229 |
| Total Program Service Revenue | $9,566 |
| Investment income | $3,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $529,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,120 |
| 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. | $93,960 |
| Compensation of current officers, directors, key employees. | $9,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,183 |
| Advertising and promotion | $9,208 |
| Office expenses | $7,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,238 |
| Travel | $4,438 |
| 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 | $3,153 |
| Insurance | $4,567 |
| All other expenses | $4,014 |
| Total functional expenses | $538,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,396 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $20,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,169 |
| Accounts payable and accrued expenses | $37,159 |
| 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 | $0 |
| Other liabilities | $10,490 |
| Total liabilities | $47,649 |
| Net assets without donor restrictions | $475,924 |
| Net assets with donor restrictions | $30,596 |
| 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 | $554,169 |