MANHATTAN SCHOOL OF MUSIC

EIN: 131656667 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$75,485,674
Total Expenses
$72,058,708
Total Assets
$109,153,715
Net Assets
$81,752,817
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
NY
Phone
2127492802
Tax Period
2022-07-01 to 2023-06-30

MANHATTAN SCHOOL OF MUSIC, founded in 1920, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $75.5M in total revenue in fiscal year 2022. Expenses of $72.1M left a modest 5% surplus.

Mission

MANHATTAN SCHOOL OF MUSIC IS A COLLEGE CONSERVATORY PROVIDING EDUCATION TO APPROXIMATELY 1,000 COLLEGE STUDENTS AND 500 PRECOLLEGE STUDENTS.

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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 $4,554,958
Program Service Revenue $68,498,824
Investment Income $1,567,202
Other Revenue $864,690
TOTAL REVENUE $75,485,674

Expense Breakdown

Grants Paid $22,065,386
Salaries & Benefits $32,072,234
Fundraising Expenses $1,209,606
Program Expenses $62,162,944
Other Expenses $17,921,088
TOTAL EXPENSES $72,058,708

Year-over-Year Comparison

2022 2021 Change
Revenue $75,485,674 $72,520,806 +0.0%
Expenses $72,058,708 $66,385,344 +0.1%
Net Income $3,426,966 $6,135,462 -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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
19
Employees
1423
Volunteers
19

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
8
$1,052,623
Total Directors
23
$963,644
Key Employees
5
$1,327,317
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE, VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE, TREASURER 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE, EX-OFFICIO, SCHOOL PRESIDENT 45.0
Officer Director
$488,930 $212,030 $700,960
N/A TRUSTEE, CHAIR 1.5
Officer Director
$0 $0 $0
N/A TRUSTEE, SECRETARY 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE, FACULTY 35.0
Director
$58,639 $39,448 $98,087
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$10,000 $0 $10,000
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE, FACULTY 35.0
Director
$95,829 $58,768 $154,597
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A SENIOR VICE PRESIDENT AND INTERIM CFO (UNTIL 06/30/23) 45.0
Officer
$0 $0 $0
N/A SENIOR VICE PRESIDENT AND CFO (BEGAN 06/15/23) 35.0
Officer
$0 $0 $0
N/A SENIOR VICE PRESIDENT AND CFO (UNTIL 1/31/23) 35.0
Officer
$314,661 $37,002 $351,663
N/A VICE PRESIDENT FOR ADMINISTRATION AND HUMAN RELATIONS 35.0
Key Emp
$168,228 $34,371 $202,599
N/A VICE PRESIDENT FOR MEDIA AND COMMUNICATIONS 35.0
Key Emp
$165,193 $48,506 $213,699
N/A EXECUTIVE VICE PRESIDENT AND PROVOST 45.0
Key Emp
$280,830 $36,228 $317,058
N/A VICE PRESIDENT FOR ENROLLMENT SERVICES 35.0
Key Emp
$217,885 $40,224 $258,109
N/A VICE PRESIDENT FOR ADVANCEMENT 35.0
Key Emp
$298,785 $37,067 $335,852
N/A DEAN OF VOCAL ARTS 35.0
Highest
$181,245 $26,598 $207,843
N/A FACULTY 35.0
Highest
$181,498 $46,557 $228,055
N/A DEAN OF JAZZ ARTS 35.0
Highest
$147,172 $45,750 $192,922
N/A DEAN OF MUSICAL THEATRE 35.0
Highest
$159,375 $28,741 $188,116
N/A DEAN OF PERFORMANCE AND PRODUCTION OPERATIONS 35.0
Highest
$147,128 $36,536 $183,664
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 No data No data No data No data
2024 No data No data No data No data
2023 $75,485,674 $72,058,708 $109,153,715 $3,426,966
2022 $72,520,806 $66,385,344 $105,549,493 $6,135,462
2021 $63,876,459 $58,511,188 $110,734,113 $5,365,271
2020 $62,350,013 $61,549,496 $105,386,278 $800,517
2019 $68,728,197 $61,993,183 $110,314,806 $6,735,014
2018 $64,053,293 $59,581,789 $99,466,542 $4,471,504
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