Brooklyn Music School Inc

EIN: 116000202 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$3,380,543
Total Expenses
$3,016,425
Total Assets
$1,805,447
Net Assets
$1,741,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
NY
Phone
7186385660
Tax Period
2022-09-01 to 2023-08-31

Brooklyn Music School Inc, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $3.0M left a modest 11% surplus.

Mission

Our mission is to make it possible for everyone in our community, regardless of their background and resources, to be able to experience the joy of music and the artistic and intellectual benefits of musical, dance, and dramatic performance.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,941,837
Program Service Revenue $1,247,043
Investment Income $26
Other Revenue $191,637
TOTAL REVENUE $3,380,543

Expense Breakdown

Grants Paid $34,318
Salaries & Benefits $2,148,786
Fundraising Expenses $164,303
Program Expenses $2,230,971
Other Expenses $833,321
TOTAL EXPENSES $3,016,425

Year-over-Year Comparison

2022 2021 Change
Revenue $3,380,543 $3,624,243 -0.1%
Expenses $3,016,425 $3,051,960 0.0%
Net Income $364,118 $572,283 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
128
Volunteers
17

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
6
$95,000
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Adamczyk Executive Dir. 40.00
Officer
$95,000 $0 $95,000
Shelby Green Chairman 10.00
Officer Director
$0 $0 $0
Peter Bordes Vice Chair 1.00
Officer Director
$0 $0 $0
Brian Pope Vice Chair 1.00
Officer Director
$0 $0 $0
Jordan Tamagni Secretary 1.00
Officer Director
$0 $0 $0
Drew Bernstein Treasurer 1.00
Officer Director
$0 $0 $0
Chuck Swartz Trustee 1.00
Director
$0 $0 $0
Hadas Shahar Trustee 1.00
Director
$0 $0 $0
John Flores Trustee 1.00
Director
$0 $0 $0
Maria Pham Trustee 1.00
Director
$0 $0 $0
Francois Leninger Trustee 1.00
Director
$0 $0 $0
Dr Mark Braithwaite Executive Dir. 1.00
Director
$0 $0 $0
Zach Kouwe Trustee 1.00
Director
$0 $0 $0
Windy Lawrence Trustee 1.00
Director
$0 $0 $0
Sasha Lazard Trustee 1.00
Director
$0 $0 $0
Phil Rutherford Trustee 1.00
Director
$0 $0 $0
Elizabeth Schmidt Trustee 1.00
Director
$0 $0 $0
Angela Howard Trustee 1.00
Director
$0 $0 $0
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
2023 $3,380,543 $3,016,425 $1,805,447 $364,118
2022 $3,624,243 $3,051,960 $1,805,670 $572,283
2021 $2,649,191 $2,286,896 $2,156,162 $362,295
2020 $2,821,132 $2,619,702 $1,277,541 $201,430
2019 $3,112,009 $3,312,398 $634,022 $-200,389
2018 $2,815,153 $2,801,520 $684,101 $13,633
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