Neighborhood Music School Association

Organization Overview

Neighborhood Music School Association is located in Los Angeles, CA. The organization was established in 1945. 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 02/2022, Neighborhood Music School Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Music School Association 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 02/2022, Neighborhood Music School Association generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $718.5k during the year ending 02/2022. While expenses have increased by 5.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC INSTRUCTION TO CHANGE THE LIVES OF ITS STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC LESSONS TO MORE THAN 300 STUDENTS IN PIANO, VIOLIN, GUITAR, DRUM, CELLO, WOODWINDS, BRASS AND VOICE. THE INSTRUCTORS ARE PROFESSIONAL MUSICIANS AND EDUCATORS WHO PROVIDE MUSIC TRAINING AND MENTORSHIP TO THE STUDENTS. MANY OF THE STUDENTS ARE UNDERPRIVILEGED AND WOULD NOT OTHERWISE RECEIVE MUSIC INSTRUCTION.


THE SCHOOL PROVIDES NEEDS-BASED SCHOLARSHIPS TO STUDENTS WHO FALL AT OR BELOW THE POVERTY LINE. SCHOLARSHIPS ARE PROVIDED BY PRIVATE AND CORPORATE DONORS.


THE SCHOOL OFFERS ENSEMBLE TRAINING AND PERFORMANCE OPPORTUNITIES THROUGH RECITALS AND COMMUNITY SERVICE OPPORTUNITIES THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Louis
Executive Director
$107,646
Maureen Mcconnell
Secretary
$0
Jeffrey C DE Francisco
President
$0
Sean Cauvel
Vice President
$0
Bruce Gorelick
Treasurer
$0
Dr Joshua Smith
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$49,115
Related organizations$0
Government grants $53,280
All other contributions, gifts, grants, and similar amounts not included above$2,731,027
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,833,422
Total Program Service Revenue$212,566
Investment income $107,871
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $150,954
Net Income from Fundraising Events -$39,486
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,265,327

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Neighborhood Music School Association has recieved totaling $2,688,766.

Awarding OrganizationAmount
The@bob And Margie Petersen Foundation

Pasadena, CA

PURPOSE: ASSISTANCE IN PUBLICMUSIC EDUCATION

$2,500,000
The Meredith And Rosemary Willson Charitable Foundation

Los Angeles, CA

PURPOSE: MUSIC EDUCATION RELIEF GRANT

$45,000
Colburn Foundation

Beverly Hills, CA

PURPOSE: SUPPORT OF THE CLASSICAL ARTS

$42,500
Ralph M Parsons Foundation

Los Angeles, CA

PURPOSE: FOR GENERAL SUPPORT OF MUSIC EDUCATION PROGRAMS

$40,000
Al Sherman Foundation

Cottonwood, AZ

PURPOSE: COMMUNITY MUSIC PROGRAMS

$35,000
Ccf Community Initiatives Fund

Los Angeles, CA

PURPOSE: ARTS

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,442,911
Earnings$82,354
Net Contributions$2,500,000
Other Expense$90,180
Ending Balance$4,935,085

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