Taos School Of Music Incorporated
- Assets
- $3.0m
- Revenue
- $563.6k
- Investments
- $92.7k
- Employees
- 3
- Location
- Taos, NM
- Founding
- 00/0000
- Data as of
- 09/2022
- EIN
- 85-6012256
Organization Overview
Taos School Of Music Incorporated is located in Taos, NM. The organization was established in 0000. 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 09/2022, Taos School Of Music Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos School Of Music Incorporated 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 09/2022, Taos School Of Music Incorporated generated $563.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $466.5k during the year ending 09/2022. While expenses have increased by 7.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER MUSIC EDUCATION FOR CONSERVATORY LEVEL MUSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL - YOUNG ARTISTS RECEIVE 8 WEEKS OF INTENSIVE CHAMBER MUSIC STUDY, COACHING, REHEARSAL, AND PERFORMANCE EXPERIENCE
CONCERTS - PROVIDES THE FACULTY AND STUDENTS WITH A VENUE TO PERFORM WHICH IS CRUCIAL TO THE EDUCATIONAL ASPECT OF THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik C Peterson Executive Director | OfficerTrustee | 40 | $48,000 |
Louis Sturbois Secretary | OfficerTrustee | 1 | $0 |
Joan Woodard Chair | OfficerTrustee | 1 | $0 |
Kathleen Anderson Vice Chair | OfficerTrustee | 1 | $0 |
Fred Winter Treasurer | OfficerTrustee | 5 | $0 |
James White Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,469 |
| Total Program Service Revenue | $56,105 |
| Investment income | $184,095 |
| 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 | $563,635 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $2,400 |
| Compensation to disqualified persons | $4,250 |
| Other salaries and wages | $19,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,855 |
| Advertising and promotion | $13,076 |
| Office expenses | $6,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,589 |
| Travel | $27,500 |
| 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 | $3,600 |
| Insurance | $4,334 |
| All other expenses | $5,703 |
| Total functional expenses | $466,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,760 |
| Savings and temporary cash investments | $2,804,094 |
| Pledges and grants receivable | $0 |
| 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 | $34,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $92,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,000,343 |
| Accounts payable and accrued expenses | $87,831 |
| 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 | $0 |
| Total liabilities | $87,831 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,912,512 |
| Total liabilities and net assets/fund balances | $3,000,343 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Taos School Of Music Incorporated has recieved totaling $32,822.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $16,000 |
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $8,750 |
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Endowment Analysis
| Beg. Balance | $2,353,321 |
| Earnings | $184,091 |
| Admin Expense | $76,863 |
| Grants | $212,469 |
| Ending Balance | $3,000,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Associates Of Aspen Inc Aspen, CO | $125,000,117 | $22,688,530 |
Hale Center Foundation For The Arts And Education Orem, UT | $4,571,112 | $5,633,884 |
James Dick Foundation For The Performing Arts Round Top, TX | $11,443,397 | $1,538,849 |
Suzuki Institute Of Dallas Dallas, TX | $1,326,376 | $1,015,482 |
Armstrong Community Music School Austin, TX | $2,247,979 | $838,136 |
Kids Who Care Inc Fort Worth, TX | $671,145 | $801,127 |
Barthelmes Conservatory Inc Tulsa, OK | $226,346 | $568,241 |
Lead Guitar Tucson, AZ | $382,387 | $804,490 |
Phoenix Conservatory Of Music Phoenix, AZ | $402,976 | $846,341 |
Austin Chamber Music Center Austin, TX | $391,345 | $543,096 |
Taos School Of Music Incorporated Taos, NM | $3,000,343 | $563,635 |
Art & Drama Centre Theatre Plano, TX | $0 | $350,681 |