THE INSTITUTE OF MUSIC FOR CHILDREN INC

EIN: 020687805 501(c)(3) Arts, Culture & Humanities

ELIZABETH, NJ

Total Revenue
$3,975,015
Total Expenses
$1,922,425
Total Assets
$12,428,624
Net Assets
$8,740,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NJ
Principal Officer
ALYSIA SOUDER
Phone
9083525827
Tax Period
2024-10-01 to 2025-09-30

THE INSTITUTE OF MUSIC FOR CHILDREN INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 52% operating margin.

Mission

TO ENGAGE CHILDREN AND YOUTH IN ARTISTIC EXPRESSION AND THE CREATIVE PROCESS.

Program Service Accomplishments

Program 1
Expenses: $1,571,113

THE INSTITUTE OF MUSIC FOR CHILDREN, A COMMUNITY-CENTERED, ARTS-BASED YOUTH DEVELOPMENT ORGANIZATION, ENGAGES CHILDREN AND YOUTH IN ARTISTIC EXPRESSION AND THE CREATIVE PROCESS. GUIDED BY ITS VISION...

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THE INSTITUTE OF MUSIC FOR CHILDREN, A COMMUNITY-CENTERED, ARTS-BASED YOUTH DEVELOPMENT ORGANIZATION, ENGAGES CHILDREN AND YOUTH IN ARTISTIC EXPRESSION AND THE CREATIVE PROCESS. GUIDED BY ITS VISION OF H.A.R.M.O.N.Y. - HELPING ACHIEVE RESPONSIBLE, MOTIVATED, OPTIMISTIC, NEIGHBORHOOD YOUTH - THE INSTITUTE IS BUILDING A COMMUNITY OF HIGH-ACHIEVING CITIZENS WHO ARE ARTS LOVERS AND ARTS MAKERS THROUGH PROFESSIONAL INSTRUCTION, MENTORSHIP, AND FAMILY ENGAGEMENT. OVER 1,500 YOUTH ANNUALLY ARE PROVIDED WITH ECONOMICALLY ACCESSIBLE, HIGH- QUALITY ARTS TRAINING IN AN INSPIRING AND NURTURING ENVIRONMENT. GUIDED BY THE BELIEF THAT ALL CHILDREN DESERVE ACCESS TO THE BENEFITS OF THE ARTS, NO STUDENT IS EVER TURNED AWAY BASED ON FINANCIAL NEED. CORE PROGRAMS ARTS EDUCATION SERVICES OFFERED: WE PROVIDE MORE THAN 40 ART FORMS IN A WIDE RANGE OF PERFORMING, VISUAL AND MEDIA ARTS, ALONG WITH ADDITIONAL PROGRAMMING THAT INCLUDES CULINARY, KARATE, YOGA AND MORE. OUR CORE PROGRAMS INCLUDE: - THE AFTERSCHOOL ARTS INSTITUTE: OFFERS 12- OR 24-WEEKS OF PRIVATE AND GROUP INSTRUCTION FROM OCTOBER-MAY FOR OVER 375 STUDENTS AGES 5-18. THIS PROGRAM FEATURES OUR SIGNATURE, TEEN ARTS NIGHT. - THE SUMMER ARTS INSTITUTE: IMMERSES 250 YOUNG PEOPLE IN AT LEAST EIGHT ART FORMS EACH DAY. THE PROGRAM RUNS FOR SIX WEEKS. - THE COMMUNITY INSTITUTE: DEVELOPS COLLABORATIVE ARTIST RESIDENCIES FOR SCHOOLS, JUVENILE DETENTION CENTERS, BEHAVIORAL HEALTH SETTINGS, AND OTHER COMMUNITY SPACES. - YOUTH LEADER JOB TRAINING AND READINESS PROGRAM: EMPLOYS 45-50 TEENS TO RECEIVE ON-THE-JOB TRAINING THROUGHOUT ALL INSTITUTE FUNCTIONS. THEY ACT AS MENTORS, WORK EVENTS, PROVIDE TOURS, MANAGE OUR SOCIAL MEDIA AND PROVIDE SUPPORT IN NEARLY EVERY INSTITUTE FUNCTION. KEY ACCOMPLISHMENTS 1.GROWN TO SERVE MORE THAN 1,500 CHILDREN EACH YEAR UTILIZING MORE THAN 40 ART FORMS AND OFFERING PROFESSIONAL INSTRUCTION BY ESTABLISHED WORKING ARTISTS FROM AROUND THE WORLD. 2.ESTABLISHED BI-LINGUAL STAFF OF ADMINISTRATORS, FACULTY AND YOUTH LEADERS. 3.RAISED MORE THAN 7 MILLION FOR OUR UPCOMING CAMPUS EXPANSION PROJECT, SCHEDULED TO BREAK GROUND IN 2026. 4.RECEIVED FIVE CITATIONS OF EXCELLENCE FROM THE NEW JERSEY STATE COUNCIL ON THE ARTS. 5.ACCESSED PRESTIGIOUS NATIONAL FUNDING FROM THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, THE US DEPARTMENT OF EDUCATION, THE NATIONAL ENDOWMENT FOR THE ARTS, THE NONPROFIT FINANCE FUND, NEW YORK LIFE AND THE LEWIS PRIZE FOR MUSIC (SEMI-FINALIST). 6.JOINED THE CONSORTIUM OF COMMUNITY-BASED PROVIDERS TO BRING ARTS RESIDENCIES TO JUVENILE DETENTION CENTERS ACROSS THE STATE. 7.AWARDED AN IMPACT 100 - GARDEN STATE GRANT TO EXPAND OUR PROGRAMMING FOR YOUTH WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES, AS WELL AS THOSE WITH SEVERE TRAUMA. 8.PRESENTED OUR EQUITY WORK AT STATEWIDE CONFERENCES AND CONVENINGS IN THE ARTS AND YOUTH DEVELOPMENT.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,755,032
Program Service Revenue $1,066,447
Investment Income $112,724
Other Revenue $40,812
TOTAL REVENUE $3,975,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,448,083
Fundraising Expenses $70,072
Program Expenses $1,571,113
Other Expenses $474,342
TOTAL EXPENSES $1,922,425

Year-over-Year Comparison

2024 2023 Change
Revenue $3,975,015 $2,404,769 +0.7%
Expenses $1,922,425 $1,652,037 +0.2%
Net Income $2,052,590 $752,732 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
111
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$126,741
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETTY PREZZY BRYANT PRESIDENT/TR 5.00
Officer Director
$0 $0 $0
JAMES MICHAEL JONES VICE-PRESIDE 1.00
Officer Director
$0 $0 $0
JONATHAN BAGBY TREASURER 1.00
Officer Director
$0 $0 $0
RONALD THOMPSON SECRETARY 1.00
Officer Director
$0 $0 $0
ISABEL ESPINOZA TRUSTEE 1.00
Director
$0 $0 $0
VICTORIA FERNANDEZ TRUSTEE 1.00
Director
$0 $0 $0
RAQUEL GUERRA TRUSTEE 1.00
Director
$0 $0 $0
REBECCA MAHABIR TRUSTEE 1.00
Director
$0 $0 $0
REV DR BETTY TOM TRUSTEE 1.00
Director
$0 $0 $0
LATASHA CASTERLOW-LALLA TRUSTEE 1.00
Director
$0 $0 $0
JAVIER ORELLANA TRUSTEE 1.00
Director
$0 $0 $0
ALYSIA SOUDER EXECUTIVE DI 50.00
Officer
$111,241 $15,500 $126,741
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,975,015 $1,922,425 $12,428,624 $2,052,590
2024 $2,404,769 $1,652,037 $9,014,870 $752,732
2023 $1,424,585 $1,494,267 $5,889,225 $-69,682
2022 $1,328,232 $1,104,705 $5,863,043 $223,527
2021 $6,114,164 $1,131,603 $5,939,318 $4,982,561
2021 $6,114,164 $1,131,603 $5,939,318 $4,982,561
2020 $878,894 $746,441 $935,950 $132,453
2019 $842,620 $904,363 $614,292 $-61,743
2018 $833,834 $762,003 $585,043 $71,831
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