ELAINE KAUFMAN CULTURAL CENTER LUC… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

EMILY GRANT

Phone

2125013303

Tax Period

2023-09-01 to 2024-08-31

ELAINE KAUFMAN CULTURAL CENTER LUCY MOSES SCHOOL FOR MUSIC AND DANCE, founded in 1962, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $31.8M represent 35 months of operating reserves.

Mission

KAUFMAN MUSIC CENTER STIMULATES APPRECIATION OF AND PARTICIPATION IN MUSIC THROUGH MUSIC PERFORMANCE AND EDUCATION IN WAYS THAT AWAKEN CREATIVITY, ADVANCE INNOVATION, AND CREATE A SENSE OF WONDER AMONG PERFORMERS, STUDENTS, TEACHERS, AND THE PUBLIC AT LARGE. WE BELIEVE MUSIC IS ESSENTIAL TO THE HUMAN EXPERIENCE AND A VITAL COMPONENT OF EDUCATION FOR EVERYONE.

Program Service Accomplishments

Program 1

Expenses: $3,807,795 Revenue: $3,321,041

LUCY MOSES SCHOOL, NEW YORK CITY'S LARGEST COMMUNITY SCHOOL OF THE ARTS, SERVES ALL AGES, BACKGROUNDS, AND SKILL LEVELS -- FROM ACCOMPLISHED MUSICIANS TO ASPIRING BEGINNERS. EACH YEAR 2,500 STUDENTS OF ALL AGES COME TO LUCY MOSES SCHOOL FOR LESSONS AND CLASSES IN MUSIC, DANCE, AND THEATER, AS WELL AS INSPIRATIONAL PERFORMANCES BY PEERS AND MASTER CLASSES BY RENOWNED MUSICIANS. ADVANCED STUDENTS CAN PARTICIPATE IN THE YOUNG ARTIST PROGRAM, WHICH INCLUDES A STUDY OF AN INSTRUMENT, PLUS THEORY, ENSEMBLE AND A ROBUST PERFORMING SCHEDULE.

Program 2

Expenses: $2,981,796 Revenue: $153,173

SPECIAL MUSIC SCHOOL OPENED IN 1996 AS A K-8 SCHOOL AND EXPANDED IN SEPTEMBER 2013 TO INCLUDE A HIGH SCHOOL. IT IS NOW THE ONLY NYC K-12 PUBLIC SCHOOL THAT FEATURES MUSIC AS A CORE SUBJET. KAUFMAN...

SPECIAL MUSIC SCHOOL OPENED IN 1996 AS A K-8 SCHOOL AND EXPANDED IN SEPTEMBER 2013 TO INCLUDE A HIGH SCHOOL. IT IS NOW THE ONLY NYC K-12 PUBLIC SCHOOL THAT FEATURES MUSIC AS A CORE SUBJET. KAUFMAN MUSIC CENTER PROVIDES THE ENTIRE MUSIC PROGRAM, WHICH INCLUDES PRIVATE LESSONS, CLASSES IN THEORY, MUSIC HISTORY, AND CHORUS. FUNDING FOR THE MUSIC PROGRAM COMES ENTIRELY FROM CONTRIBUTIONS TO KAUFMAN MUSIC CENTER SINCE, AS A PUBLIC SCHOOL, THIS EDUCATION IS TUITION-FREE FOR STUDENTS. THE HIGH SCHOOL MUSIC CURRICULUM INCORPORATES TECHNOLOGY, ENTERPRENEURSHIP AND BOASTS A ROBUST ENSEMBLE PROGRAM, INCLUDING CHORUS, ORCHESTRA, WIND ENSEMBLE, BIG BAND, IMPROVISATION, AND CHAMBER MUSIC.

Program 3

Expenses: $2,501,834 Revenue: $1,543,847

MERKIN HALL IS RENOWNED FOR ITS INNOVATIVE AND DIVERSE PROGRAMMING--FROM EXPERIMENTAL NEW WORKS TO CLASSICAL CONCERTS TO BROADWAY SHOW TUNES AND FAMILY MUSICALS. ITS NEAR PERFECT ACOUSTICS ALLOW FOR THE INTIMACY OF CHAMBER MUSIC AND LARGE ORCHESTRAL WORKS TO ENLIGHTENING DIALOGUES BETWEEN ARTISTS AND AUDIENCE. KAUFMAN MUSIC CENTER'S PRESENTATIONS INCLUDE: THE ECSTATIC MUSIC SERIES, WHICH FOCUSES ON MUSICAL COLLABORATIONS ACROSS GENRES THAT ARE UNEXPECTED, BOLD AND EXPERIMENTAL; TUESDAY MATINEES, WHICH FEATURE THE BRIGHTEST RISING STARS IN THE CLASSICAL MUSIC SCENE; THE BROADWAY CLOSE-UP SERIES WHICH TREATS AUDIENCES TO AN INSIDER'S VIEW OF THE MUSICAL THEATER WORLD; WHAT MAKES IT GREAT WITH ROB KAPILOW, WHICH UNRAVELS AND EXPLORES MUSICAL MASTERPIECES WITH HOST, PERFORMERS AND AUDIENCES ASKING AND FINDING OUT: WHAT MAKES GREAT MUSIC GREAT? THESE FLAGSHIP SERIES ARE A NATURAL FIT FOR THE CENTER'S DUAL ROLES IN MUSIC EDUCATION AND 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,881,740

Program Service Revenue $5,284,866

Investment Income $543,267

Other Revenue $93,714

TOTAL REVENUE $10,803,587

Expense Breakdown

Grants Paid $175,390

Salaries & Benefits $7,787,383

Fundraising Expenses $1,119,068

Program Expenses $9,409,550

Other Expenses $2,897,438

TOTAL EXPENSES $10,860,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,803,587	$8,697,421	+0.2%
Expenses	$10,860,211	$10,166,562	+0.1%
Net Income	$-56,624	$-1,469,141	-1.0%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

368

Volunteers

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

$469,989

Total Directors

Key Employees

$186,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO ACCONCIA	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
ANN CHUSID	TRUSTEE	2.00	Director	$0	$0	$0
BETHANY MILLARD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHY WHITE O'ROURKE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINA MASON	TREASURER	2.00	Officer Director	$0	$0	$0
DAMIAN CAVALERI	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL KAUFMAN	TRUSTEE	2.00	Director	$0	$0	$0
DANIELLE DIMSTON	TRUSTEE	2.00	Director	$0	$0	$0
EILEEN SHIN	TRUSTEE	2.00	Director	$0	$0	$0
ELAINE KAUFMAN	HONORARY CHAIR	2.00	Director	$0	$0	$0
EVELYN ERSKINE	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE HAN	TRUSTEE	2.00	Director	$0	$0	$0
GIL SPITZER	TRUSTEE	2.00	Director	$0	$0	$0
IRVING SITNICK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JESSICA ROTHSTEIN	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
JOEL BECKERMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA BELL	TRUSTEE	2.00	Director	$0	$0	$0
JUDY HALL	TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN BERRIE	TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN KALIFOWITZ	TRUSTEE	2.00	Director	$0	$0	$0
KARA HAMMOND	TRUSTEE	2.00	Director	$0	$0	$0
KARA UNTERBERG	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN CHO	TRUSTEE	2.00	Director	$0	$0	$0
MARJORIE PENROD	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BRETHOLZ	TRUSTEE	2.00	Director	$0	$0	$0
NATHALIE JOACHIM	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
NIKKI RENEE DANIELS	TRUSTEE	2.00	Director	$0	$0	$0
ORLI SHAHAM	CHAIR	10.00	Officer Director	$0	$0	$0
PHILIPPE KHUONG-HUU	TRUSTEE	2.00	Director	$0	$0	$0
PHYLLIS FEDER	TRUSTEE	2.00	Director	$0	$0	$0
ROSALIND DEVON	HONORARY CHAIR	2.00	Director	$0	$0	$0
ROSE HIRSCHEL	TRUSTEE	2.00	Director	$0	$0	$0
ROZ LASKER	TRUSTEE	2.00	Director	$0	$0	$0
SAL PISCOPO	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
SHAHRIAR RAFIMAYERI	PRESIDENT	10.00	Officer Director	$0	$0	$0
SIMON TOM	TRUSTEE	2.00	Director	$0	$0	$0
SIR JAMES GALWAY	TRUSTEE	2.00	Director	$0	$0	$0
SOLANGE LANDAU	TRUSTEE	2.00	Director	$0	$0	$0
SOLOMAN MERKIN	TRUSTEE	2.00	Director	$0	$0	$0
TINA ESKRIDGE	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
WENDY MOSLER	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTINE TODD	CHIEF FINANCIAL OFFICER	30.00	Officer	$123,590	$5,583	$129,173
KATE SHEERAN	EXECUTIVE DIRECTOR	50.00	Officer	$303,898	$36,918	$340,816
IGAL KESSELMAN	DIRECTOR LUCY MOSES SCHOOL	50.00	Key Emp	$161,551	$24,629	$186,180
DIANNA MESION	SR. DIR. MARKETING & COMM	50.00	Highest	$118,506	$24,828	$143,334
EMILY M GRANT	CHIEF ADMINISTRATIVE OFFICER	50.00	Highest	$164,307	$34,147	$198,454
JOHN GLOVER	DIRECTOR ARTISTIC PLANNING	50.00	Highest	$113,468	$20,530	$133,998
JONATHAN SLAWSON	CHIEF DEV OFFICER	50.00	Highest	$178,708	$17,446	$196,154
JOSEPH HARTLEY	DIR. THEATER, SMS ADMIN	50.00	Highest	$101,191	$19,640	$120,831

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	$10,803,587	$10,860,211	$33,166,331	$-56,624
2023	$8,697,421	$10,166,562	$30,991,776	$-1,469,141
2022	$18,262,394	$9,757,918	$31,739,324	$8,504,476
2021	$8,434,600	$8,639,786	$27,086,297	$-205,186
2020	$10,846,093	$9,283,008	$23,243,073	$1,563,085
2019	$9,179,145	$10,017,688	$22,180,375	$-838,543
2018	$8,757,692	$9,872,693	$23,119,369	$-1,115,001

ELAINE KAUFMAN CULTURAL CENTER LUCY MOSES SCHOOL FOR MUSIC AND DANCE