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New School Of Music Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Performing Arts Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its Aug. 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$590k (2023)

Expenses
$545k (2023)

Total Assets
$439k (2023)

Total Liabilities
$171k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$589,935
Expenses
$545,187
Net Income
$44,748
Net Assets
$268,097
Notable Sources of Revenue Percent of Total Revenue
Contributions $79,353
13.5%
Program Services $499,677
84.7%
Investment Income $33
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,872
1.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $350,218
64.2%
Assets/Debt
Total Assets $439,355
Total Liabilities $171,258
Net Assets $268,097
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Anne Riesenfeld (Executive Di) $0 $0 $0
Alyssa Lee (Trustee) $0 $0 $0
Dorothy Miller (Trustee) $0 $0 $0
Linda Aglio (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$531,553
Expenses
$524,904
Net Income
$6,649
Net Assets
$223,349
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,597
13.3%
Program Services $454,359
85.5%
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,565
1.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $362,718
69.1%
Assets/Debt
Total Assets $415,993
Total Liabilities $192,644
Net Assets $223,349
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Caroline Drozdiak (Executive Di) $47,750 $0 $0
Anne Riesenfeld (Executive Di) $0 $0 $0
Alyssa Lee (Trustee) $0 $0 $0
Dorothy Miller (Trustee) $0 $0 $0
Linda Aglio (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,300
Expenses
$460,200
Net Income
$12,100
Net Assets
$216,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,700
13.1%
Program Services $408,900
86.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,700
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $313,300
68.1%
Assets/Debt
Total Assets $345,300
Total Liabilities $128,600
Net Assets $216,700
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Drozdiak Caroline (Executive Director) $39,600 $0 $0
Aglio Linda (President) $0 $0 $0
Salazar Emilia (Tresurer) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$581,900
Expenses
$529,800
Net Income
$52,100
Net Assets
$204,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,300
6.4%
Program Services $539,900
92.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,700
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $359,500
67.9%
Assets/Debt
Total Assets $332,600
Total Liabilities $128,000
Net Assets $204,600
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cook Lauren (Executive Director) $63,800 $0 $0
Drozdiak Caroline (Executive Director) $19,100 $0 $0
Aglio Linda (President) $0 $0 $0
Head Marcia (Tresurer) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0
Salazar Emilia (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$506,200
Expenses
$507,200
Net Income
-$1,000
Net Assets
$152,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,800
4.9%
Program Services $472,600
93.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,800
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,400
12.1%
Professional Fundraising Fees $0
Other Salaries and Wages $265,800
52.4%
Assets/Debt
Total Assets $305,800
Total Liabilities $153,300
Net Assets $152,500
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cook Lauren (Executive Director) $60,400 $0 $0
Aglio Linda (President) $0 $0 $0
Head Marcia (Tresurer) $0 $0 $0
Clark John (Trustee) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0
Salazar Emilia (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$522,600
Expenses
$507,700
Net Income
$14,900
Net Assets
$153,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,800
8.0%
Program Services $472,100
90.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $8,700
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $67,200
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $278,600
54.9%
Assets/Debt
Total Assets $312,300
Total Liabilities $158,800
Net Assets $153,500
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cook Lauren (Executive Director) $38,900 $0 $0
Aglio Linda (Chair) $0 $0 $0
Head Marcia (Tresurer) $0 $0 $0
Lvin Aleksandra (Clerk) $0 $0 $0
Clark John (Trustee) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0
Salazar Emilia (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$547,000
Expenses
$487,000
Net Income
$60,000
Net Assets
$138,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,500
7.6%
Program Services $494,700
90.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $10,800
2.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $41,000
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $279,000
57.3%
Assets/Debt
Total Assets $256,900
Total Liabilities $118,300
Net Assets $138,600
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Grondin Seth (Executive Director) $41,000 $0 $0
Aglio Linda (Chair) $0 $0 $0
Head Marcia (Tresurer) $0 $0 $0
Lvin Aleksandra (Clerk) $0 $0 $0
Clark John (Trustee) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$462,700
Expenses
$460,600
Net Income
$2,100
Net Assets
$78,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,400
8.5%
Program Services $418,300
90.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,000
0.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,000
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,000
15.4%
Professional Fundraising Fees $0
Other Salaries and Wages $242,200
52.6%
Assets/Debt
Total Assets $194,700
Total Liabilities $116,100
Net Assets $78,600
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lee Alyssa (Executive Director) $36,000 $0 $0
Grondin Seth (Executive Director) $35,000 $0 $0
Aglio Linda (Chair) $0 $0 $0
Hiam Peter (Trustee) $0 $0 $0
Head Marcia (Tresurer) $0 $0 $0
Ellsworth Joshua (Trustee) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0
Lvin Aleksandra (Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$487,500
Expenses
$453,300
Net Income
$34,200
Net Assets
$76,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,400
12.0%
Program Services $423,900
87.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $5,200
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,000
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $251,900
55.6%
Assets/Debt
Total Assets $193,100
Total Liabilities $116,600
Net Assets $76,500
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lee Alyssa (Executive Director) $48,000 $0 $0
Aglio Linda (President) $0 $0 $0
Porter William (Trustee) $0 $0 $0
Hiam Peter (Trustee) $0 $0 $0
Head Marcia (Tresurer) $0 $0 $0
Clark John (Trustee) $0 $0 $0
Ellsworth Joshua (Trustee) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0
Lvin Aleksandra (Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$471,000
Expenses
$431,800
Net Income
$39,200
Net Assets
$42,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,600
12.2%
Program Services $407,500
86.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $5,900
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $50,200
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $142,800
Total Liabilities $100,500
Net Assets $42,300
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lee Alyssa (Executive Director) $50,100 $0 $0
Aglio Linda (President) $0 $0 $0
Porter William (Trustee) $0 $0 $0
Hiam Peter (Trustee) $0 $0 $0
O'reilly Hugh (Tresurer) $0 $0 $0
Clark John (Trustee) $0 $0 $0
Ellsworth Joshua (Trustee) $0 $0 $0
Head Marcia (Trustee) $0 $0 $0
Miller Dorothy (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$381,500
Expenses
$348,700
Net Income
$32,800
Net Assets
$3,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,200
17.1%
Program Services $311,500
81.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,800
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,200
13.8%
Professional Fundraising Fees $0
Other Salaries and Wages $178,500
51.2%
Assets/Debt
Total Assets $82,300
Total Liabilities $79,200
Net Assets $3,100

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$308,100
Expenses
$284,300
Net Income
$23,800
Net Assets
-$29,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,500
12.8%
Program Services $256,600
83.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $12,000
3.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,900
21.8%
Professional Fundraising Fees $0
Other Salaries and Wages $110,700
38.9%
Assets/Debt
Total Assets $70,200
Total Liabilities $99,900
Net Assets -$29,700

Document Links

Fiscal Year Ending Aug.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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