THE ALUMNI AND FRIENDS OF FIORELLO H LAGUARDIA HIGH SCHOOL INC

EIN: 133166108 501(c)(3)

NEW YORK, NY

Total Revenue
$5,321,670
Total Expenses
$857,529
Total Assets
$13,379,521
Net Assets
$13,371,445
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
PETER BAKSTANSKY
Phone
2125951301
Tax Period
2023-01-01 to 2023-12-31

THE ALUMNI AND FRIENDS OF FIORELLO H LAGUARDIA HIGH SCHOOL INC, founded in 1983, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 265% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 84% operating margin.

Mission

ALUMNI & FRIENDS OF LAGUARDIA HS OF MUSIC AND ART & PERFORMING ARTS (A&F) MISSION IS TO CONTINUE AND ENHANCE THE WORLD-CLASS ARTS EDUCATION AT LAGUARDIA BY PROVIDING FUNDS TO THE ALL STUDIOS (ART, DANCE, DRAMA, MUSIC, AND TECHNICAL THEATER); TO ENSURE THAT ALL STUDENTS, REGARDLESS OF FAMILY INCOME, CAN SUCCESSFULLY PURSUE THEIR TALENTS THROUGH SEVERAL AWARD AND SCHOLARSHIP PROGRAMS; FUNDS TO THE STUDIO CURRENT NEEDS, AND TO KEEP ALUMNI CONNECTED WITH EACH OTHER AND THE SCHOOL THROUGH NEWSLETTERS, A WEBSITE, AND REUNIONS.FUNDS TO THE SCHOOL AND ITS STUDENTS COME FROM A&F'S $7.9 MILLION ENDOWMENT CREATED BY GENEROUS DONORS. PROCEEDS FROM THIS ENDOWMENT PROVIDE $350,000 IN FUNDING, FOR SCHOLARSHIP AND OUR ARTS PROGRAMS. A&F'S GOAL IS TO GROW THIS ENDOWMENT FURTHER TO PROVIDE EVEN MORE ASSISTANCE, PARTICULARLY AS THE SCHOOL FACES FURTHER BUDGET CUTS AND ITS NEEDS ARE GREATER THAN EVER.

Program Service Accomplishments

Program 1
Expenses: $379,237 Revenue: $67,729

STUDENT SUPPORT IN THE FORM OF ANNUAL STUDENT AWARDS, NEED-BASED SUMMER STUDY, STUDENT AID AWARDS AND MINI GRANTS:ANNUAL STUDENT AWARDS - A&F PRESENTS APPROXIMATELY 200 MONETARY AWARDS EACH YEAR TO...

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STUDENT SUPPORT IN THE FORM OF ANNUAL STUDENT AWARDS, NEED-BASED SUMMER STUDY, STUDENT AID AWARDS AND MINI GRANTS:ANNUAL STUDENT AWARDS - A&F PRESENTS APPROXIMATELY 200 MONETARY AWARDS EACH YEAR TO LAGUARDIA STUDENTS BASED ON MERIT AND/OR FINANCIAL NEED.NEEDS BASED SUMMER STUDY - A&F PROVIDES FUNDING FOR 80 STUDENTS EACH YEAR SO THAT THEY CAN ATTEND SUMMER PROGRAMS. THESE INCLUDE SUCH PRESTIGIOUS PROGRAMS AS THE VERMONT STUDIO CENTE, THE BERKLEE COLLEGE OF MUSIC SONGWRITING PROGRAM, THE YOUNG ARTISTS TANGLEWOOD ORCHESTRA, THE BOSTON UNIVERSITY HIGH SCHOOL HONORS SUMMER PROGRAM, AND THE MANHATTAN SCHOOL OF MUSIC CAMP.STUDENT AID AWARDS - A&F MAINTAINS AN EMERGENCY FUND SO THAT IT IS ABLE TO PROVIDE EQUIPMENT AND SUPPLIES WHEN EMERGENCIES AARISE FOR SUCH ITEMS AS COMPUTERS , INSTRUMENTS, STUDIO SUPPLIES, CLOTHING AND TRANSPORTATION.MINI GRANTS - A&F'S MINI GRANTS FUND SPECIAL PROJECTS THAT ENHANCE CURRICULAR STUDIES.

Program 2
Expenses: $196,158

SCHOOL SUPPORT IN THE FORM OF DEPARTMENT GRANTS, MASTER CLASSES, INSTRUMENT REPAIR, PERFORMANCE SUPPORT, DIGITAL MEDIA PROGRAM AND IN-KIND DONATION: DEPARTMENT GRANTS - A&F GIVE ANNUAL, UNRESTRICTE...

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SCHOOL SUPPORT IN THE FORM OF DEPARTMENT GRANTS, MASTER CLASSES, INSTRUMENT REPAIR, PERFORMANCE SUPPORT, DIGITAL MEDIA PROGRAM AND IN-KIND DONATION: DEPARTMENT GRANTS - A&F GIVE ANNUAL, UNRESTRICTE GRANTS TO EQUIP EACH ART STUDIO WITH THE LATEST TECHNOLOGY, EQUIPMENT AND SUPPLIES. MASTER CLASSES - A&F PROVIDES FUNDS FOR GUEST ARTISTS AND MASTER TEACHERS TO ENHANCE ARTISTIC PROGRAMMING THROUGH FIRST-HAND, SPECIALIZED INDUSTRY KNOWLEDGE. MASTER TEACHERS HAVE INCLUDED MEMBERS OF THE NEW YORK PHILHARMONIC AND THE METROPOLITAN OPERA; RENOWN JAZZ MUSICIANS LIKE MARK SERMAN; BROADWAY STARS SUCH AS AL PACINO, ALAN RICKMAN AND EDIE FALCO; LEAD DANCERS FROM THE AMERICAN BALLET THEATER, THE JOFFREY BALLET, NEW YORK CITY BALLET, DANCE THEATER OF HARLEM, ALVIN AILEY, AMERICAN BALLET THEATER AND MARTHA GRAHAM DANCE COMPANY; AND INTERNATIONALLY RECOGNIZED ARTISTS INCLUDING WOLF KAHN AND MILTON GLASER. A&F PAYS FOR SPECIAL ACCOMPANIST FOR VOCAL CLASSES, DANCE CLASSES, MUSICAL THEATER CLASSES AND PERFORMANCES. THIS FUNDING ALSO PROVIDES A STIPEND FOR PRIVATE LESSONS FOR STUDENTS WITH FINANCIAL NEEDS. INSTRUMENT REPAIR - LAGUARDIA HAS A FULLY-STAFFED INSTRUMENT REPAIR SHOP THAT MANAGES THE MAJORITY OF REPAIRS ON SCHOOL AND PERSONNAL INSTRUMENTS. A&F PROVIDES ANNUAL FUNDING FOR THE INSTRUMENT REPAIR SHOP. PERFORMANCE SUPPORT - PERFORMANCE IS A KEY COMPONENT OF THE EDUCATION AT LAGUARDIA HIGH SCHOOL. A&F MAINTAINS SPECIAL FUNDS TO SUPPORT THE TECHNICAL THEATER DEPARTMENT SO THAT IT CAN SUPPORT THE 50+ PRODUCTIONS AT THE SCHOOL EACH YEAR. THIS INCLUDES FUNDING FOR THE ANNUAL MUSICAL. IN-KIND EQUIPMENT DONATIONS - A&F PROCURES DONATIONS OF EQUIPMENT SUCH AS INSTRUMENTS, CAMERAS, SPECIALIZED FLOORING FOR DANCERS, AND THEATRICAL LIGHTING THAT THE SCHOOL CANNOT PURCHASE DUE TO BUDGET RESTRICTIONS.

Program 3
Expenses: $78,463

A&F MAINTAINS A DATA BASE ON THE ALUMNI FROM LAGUARDIA HIGH SCHOOL AND ITS TWO PREDECESSOR SCHOOLS - THE HIGH SCHOOL OF MUSIC & ART AND THE HIGH SCHOOL OF PERFORMING ARTS AND KEEPS ALUMNI IN CONTACT...

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A&F MAINTAINS A DATA BASE ON THE ALUMNI FROM LAGUARDIA HIGH SCHOOL AND ITS TWO PREDECESSOR SCHOOLS - THE HIGH SCHOOL OF MUSIC & ART AND THE HIGH SCHOOL OF PERFORMING ARTS AND KEEPS ALUMNI IN CONTACT WITH EACH OTHER AND THE SCHOOL THROUGH QUARTERLY NEWSLETTERS, A WEBSITE, A FACEBBOOK SITE, REUNIONS AND INVITATIONS TO SCHOOL PERFORMANCES AND EVENTS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,948,921
Program Service Revenue $67,729
Investment Income $305,020
Other Revenue $0
TOTAL REVENUE $5,321,670

Expense Breakdown

Grants Paid $472,762
Salaries & Benefits $204,818
Fundraising Expenses $45,418
Program Expenses $653,858
Other Expenses $179,949
TOTAL EXPENSES $857,529

Year-over-Year Comparison

2023 2022 Change
Revenue $5,321,670 $1,457,959 +2.7%
Expenses $857,529 $695,937 +0.2%
Net Income $4,464,141 $762,022 +4.9%
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
5
Volunteers
11

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
$33,369
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER BAKSTANSKY PRESIDENT 2.00
Officer Director
$0 $0 $0
BENJAMIN FLAIM VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRIS DENHAM TREASURER 24.00
Officer Director
$0 $0 $0
TRACY SCHWARTZ SECRETARY 2.00
Officer Director
$0 $0 $0
GREGG S FISHER DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY ROGERS DIRECTOR 1.00
Director
$0 $0 $0
MARGOT ASTRACHAN DIRECTOR 1.00
Director
$0 $0 $0
MADY CHALK DIRECTOR 1.00
Director
$0 $0 $0
MELISSA SPOHLER DIRECTOR 1.00
Director
$0 $0 $0
PAULA WASHINGTON DIRECTOR 1.00
Director
$0 $0 $0
PETER FRISHAUF DIRECTOR 1.00
Director
$0 $0 $0
ZOE SCHNEIDER ALUMNI DIRECTOR 40.00
Officer
$33,369 $0 $33,369
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
2024 No data No data No data No data
2023 $5,321,670 $857,529 $13,379,521 $4,464,141
2022 $1,457,959 $695,937 $8,260,573 $762,022
2021 $1,805,819 $526,211 $8,579,484 $1,279,608
2020 $887,290 $448,902 $6,933,453 $438,388
2019 $997,249 $625,596 $6,350,618 $371,653
2018 $1,036,424 $665,888 $5,615,245 $370,536
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