BLOOMINGDALE SCHOOL OF MUSIC

EIN: 132562192 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$3,769,737
Total Expenses
$3,571,001
Total Assets
$2,404,760
Net Assets
$1,868,725
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
Principal Officer
ERIKA M ATKINS
Phone
2126636021
Tax Period
2024-07-01 to 2025-06-30

BLOOMINGDALE SCHOOL OF MUSIC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 5% surplus.

Mission

TO PROVIDE ACCESS TO HIGH-QUALITY MUSIC EDUCATION FOR ANYONE WHO SEEKS IT, REGARDLESS OF ECONOMIC STATUS, ABILITY LEVEL, RACE, ETHNICITY, SEXUAL ORIENTATION, OR RELIGIOUS AFFILIATION.

Program Service Accomplishments

Program 1
Expenses: $2,683,848 Revenue: $1,807,341

FOR OVER 60 YEARS AT BLOOMINGDALE, OUR CORE COMMUNITY HAS STRETCHED FROM W. 86TH STREET TO W. 125TH STREET, FROM CENTRAL PARK TO THE HUDSON RIVER, WHILE OUR SIGNATURE SCHOLARSHIP PROGRAMS DRAW FROM...

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FOR OVER 60 YEARS AT BLOOMINGDALE, OUR CORE COMMUNITY HAS STRETCHED FROM W. 86TH STREET TO W. 125TH STREET, FROM CENTRAL PARK TO THE HUDSON RIVER, WHILE OUR SIGNATURE SCHOLARSHIP PROGRAMS DRAW FROM FOUR OF THE BOROUGHS OF NYC. OUR STUDENTS COME FROM AREAS AS CLOSE AS NEXT DOOR AND AS FAR AS BROOKLYN AND THE BRONX. ADDITIONALLY, WITH ONLINE PROGRAMMING, WE'VE BEEN ABLE TO EXTEND OUR REACH AS FAR AS UPSTATE NEW YORK AND JAPAN. OUR FAMILIES FORM A NETWORK, HELPING THEIR LOVED ONES GET TO AND FROM LESSONS, ENCOURAGING REGULAR PRACTICE, ATTENDING OUR COMMUNITY CONCERTS, AND ENJOYING THEIR OWN MUSICAL EXPERIENCE THROUGH BLOOMINGDALE.(CONTINUED ON SCHEDULE O)BSM'S AFTER SCHOOL AND WEEKEND PROGRAM PROVIDES PRIVATE AND GROUP INSTRUCTION TO APPROXIMATELY 780 STUDENTS OF ALL AGES WEEKLY ON MORE THAN 20 INSTRUMENTS, INCLUDING CELLO, CLARINET, FLUTE, GUITAR, PERCUSSION, PIANO, SAXOPHONE, TROMBONE, VIOLIN, AND VOICE, AS WELL AS SEVERAL ENSEMBLE OPPORTUNITIES. ADDITIONALLY, THE PROGRAM OFFERS AN EARLY CHILDHOOD TRACK, WITH VARIOUS CLASSES UTILIZING DALCROZE AND ORFF APPROACHES FOR CHILDREN AGED 3 MONTHS TO 6 YEARS. BSM'S FACULTY IS COMPRISED OF EXEMPLARY INSTRUCTORS, COACHES, AND MENTORS, WITH 80% HOLDING ADVANCED DEGREES IN MUSIC. THE MUSIC ACCESS PROJECT (MAP) IS A FULL SCHOLARSHIP, MULTI-YEAR PRE-COLLEGE CONSERVATORY TRAINING PROGRAM FOR TALENTED LOW-INCOME AND UNDERSERVED STUDENTS. ANNUALLY, MAP SERVES BETWEEN 18 TO 21 STUDENTS SELECTED BY AUDITION. STUDENTS RECEIVE A COMPREHENSIVE MUSIC EDUCATION INCLUDING A 60-MINUTE PRIVATE LESSON, 90-MINUTE CHAMBER MUSIC COACHING, WEEKLY ORCHESTRA OR JAZZ ENSEMBLE REHEARSAL, THEORY CLASSES, AND SPECIAL MONTHLY WORKSHOPS. ROUGHLY 200 MAP ALUMNI HAVE GRADUATED FROM THE PROGRAM, AND 98% HAVE GONE ON TO STUDY AT THE COLLEGE LEVEL, MANY FINDING WORK AS PROFESSIONAL MUSICIANS, ARTS ADMINISTRATORS, AND MUSIC TEACHERS IN THE NEW YORK CITY PUBLIC SCHOOL SYSTEM. PROJECT BRIDGE IS A PROGRAM THAT AIMS TO SUPPORT NYC PUBLIC SCHOOL STUDENTS AND TEACHERS IN EXISTING INSTRUMENTAL PROGRAMS IN SECONDARY SCHOOLS. PARTICIPATING STUDENTS RECEIVE A FREE WEEKLY 45-MINUTE PRIVATE INSTRUMENT LESSON THROUGHOUT THE YEAR AT BLOOMINGDALE. INSTRUCTION IS DESIGNED TO REINFORCE AND SUPPORT THE WORK BEING DONE BY THE PUBLIC SCHOOL TEACHER. PB SERVES BETWEEN 10 AND 15 STUDENTS ANNUALLY. THE PROFESSIONAL TRAINING PROGRAM IS A ONE TO THREE-YEAR INTENSIVE PROGRAM DESIGNED FOR YOUNG PIANISTS WHO ARE INTERESTED IN EVENTUALLY ATTENDING A PRE-COLLEGE MUSIC PROGRAM SUCH AS BSM'S MUSIC ACCESS PROJECT. STUDENTS RECEIVE WEEKLY PRIVATE INSTRUCTIONS, CHAMBER ENSEMBLE OPPORTUNITIES, MUSIC THEORY CLASSES, AND PERFORMANCE COURSES THROUGHOUT THE YEAR. BLOOMINGDALE TRAINING PROGRAM: BLOOMINGDALE TRAINING PROGRAM (BTP) IS A COMPREHENSIVE MUSIC EDUCATION PROGRAM WITH PIANO, STRINGS, AND GUITAR TRACKS. IT IS AN INTENSIVE PROGRAM DESIGNED FOR STUDENTS AGES 8 TO 17 WHO ARE INTERESTED IN MAKING THE MOST OF THEIR MUSIC EDUCATION BY ENHANCING THEIR PRIVATE LESSON STUDIES WITH CHAMBER MUSIC, THEORY, AND OTHER SPECIAL EVENTS. BTP OFFERS SLIDING SCALE DISCOUNTS BASED ON FINANCIAL NEED, REMOVING BARRIERS PREVENTING STUDENTS FROM PARTICIPATING. BTP AIMS TO STRENGTHEN STUDENTS' MUSICAL ABILITIES AND PROVIDE THEM WITH THE REQUIRED TOOLS TO PUSH THEM TO THE NEXT LEVEL OF ACHIEVEMENT. BSM'S FREE FACULTY CONCERT SERIES PRESENTS 20 TO 25 FREE CONCERTS EACH YEAR, SERVING AUDIENCES OF OVER 2,000 PEOPLE PER YEAR. THESE CONCERTS, CURATED AND PERFORMED BY BSM'S FACULTY OF PROFESSIONAL MUSICIANS, OFFER A RICH VARIETY OF FREE, HIGH-QUALITY PERFORMANCES THAT ARE ENTERTAINING AND INFORMATIVE, PRESENTING A WIDE RANGE OF MUSICAL STYLES AND TRADITIONS. CONCERTS ARE HOSTED FREE OF CHARGE AT BSM'S HOME ON WEST 108TH STREET, ALLOWING ANYONE IN NYC TO EXPERIENCE LIVE MUSIC IN AN INTIMATE COMMUNITY SETTING. THE BLOOMINGDALE STUDENT NEW MUSIC PROJECT IS A SERIES OF COMMISSIONS, COLLABORATIONS, WEB FEATURES, AND PERFORMANCES THAT PROMOTE THE PROCESS OF CREATING ORIGINAL MUSIC AMONG CHILDREN. THE PROJECT COMMISSIONS A PROFESSIONAL COMPOSER TO CREATE NEW WORKS FOR CHILDREN; IN ADDITION, YOUNG COMPOSERS AT BLOOMINGDALE, SOME AS YOUNG AS SIX YEARS OLD, WRITE MUSIC THAT IS PLAYED BY OTHER CHILDREN OR FACULTY AT THE PROJECT'S ANNUAL CULMINATING CONCERT, ALBUM FOR THE YOUNG. FOR BOTH STUDENTS AND COMPOSERS, THE STUDENT NEW MUSIC PROJECT OPENS UP A WINDOW INTO THE OTHER'S WORKING METHODS AND CREATIVE PROCESS. BSMNY.ORG IS A MISSION-DRIVEN, COMMUNITY-ORIENTED WEBSITE THAT EXTENDS BLOOMINGDALE'S MISSION TO THE INTERNET. LAST YEAR, THE SITE REGISTERED OVER AN AVERAGE OF 6,000 WEEKLY VISITS WHERE PEOPLE REGISTERED FOR LESSONS, BROWSED FACULTY BIOGRAPHIES AND PERFORMANCE CALENDARS, LEARNED ABOUT MUSICAL INSTRUMENTS INTERACTIVELY, AND READ FEATURES HIGHLIGHTING SPECIFIC MUSICAL TOPICS OF INTEREST.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,816,222
Program Service Revenue $1,807,341
Investment Income $24,640
Other Revenue $121,534
TOTAL REVENUE $3,769,737

Expense Breakdown

Grants Paid $288,000
Salaries & Benefits $2,584,737
Fundraising Expenses $336,016
Program Expenses $2,683,848
Other Expenses $668,264
TOTAL EXPENSES $3,571,001

Year-over-Year Comparison

2024 2023 Change
Revenue $3,769,737 $2,598,278 +0.5%
Expenses $3,571,001 $3,336,265 +0.1%
Net Income $198,736 $-737,987 -1.3%
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
20
Independent Members
20
Employees
85
Volunteers
21

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
$159,560
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN MICHAELS PRESIDENT 5.00
Officer Director
$0 $0 $0
BRADLEY KULMAN VP/AUDIT CHAIR 1.00
Officer Director
$0 $0 $0
SHERRY GLIED SECRETARY 1.00
Officer Director
$0 $0 $0
JULIANA ZHANG TREASURER 1.00
Officer Director
$0 $0 $0
JEAN MARIE DE VEAUX ADVISORY COUNCIL 1.00
Director
$0 $0 $0
ANDREA GURAL GOVERNANCE CO-CHAIR 1.00
Director
$0 $0 $0
PATRICE JEAN GOVERNANCE CO-CHAIR 1.00
Director
$0 $0 $0
CATHERINE MCKENZIE EVENT CHAIR 1.00
Director
$0 $0 $0
KRISTIN BOOTH GLEN BOARD MEMBER 1.00
Director
$0 $0 $0
BURTON KASSELL BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH PAUL BOARD MEMBER 1.00
Director
$0 $0 $0
JAKE CINTI FACILITIES CHAIR 1.00
Director
$0 $0 $0
FENNEY KUO BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE AGARD BOARD MEMBER 1.00
Director
$0 $0 $0
RUTH LEVINE BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY PHELPS PROGRAMMING & OUTREACH CHAIR 1.00
Director
$0 $0 $0
JOE MANGRUM STRATEGY AND CAPACITY CHAIR 1.00
Director
$0 $0 $0
MARGARET WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
KOMAL TIRMAL BOARD MEMBER 1.00
Director
$0 $0 $0
HANNAH HART BOARD MEMBER 1.00
Director
$0 $0 $0
SUZY STEIN BOARD MEMBER THRU 1/25 1.00
Director
$0 $0 $0
ERIKA M ATKINS EXECUTIVE DIRECTOR 40.00
Officer
$146,538 $13,022 $159,560
BRANDON VAZQUEZ SR. DIRECTOR OF OPERATIONS 40.00
Highest
$116,177 $4,329 $120,506
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 $3,769,737 $3,571,001 $2,404,760 $198,736
2024 $2,598,278 $3,336,265 $2,003,874 $-737,987
2023 $3,222,647 $2,888,335 $2,748,255 $334,312
2022 $3,008,035 $2,436,214 $2,315,743 $571,821
2021 $2,380,481 $2,114,543 $1,994,044 $265,938
2020 $2,475,814 $2,404,372 $1,650,136 $71,442
2019 $2,426,389 $2,280,265 $1,328,713 $146,124
2018 $2,180,774 $2,185,505 $1,168,461 $-4,731
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