CHURCH STREET SCHOOL FOR MUSIC AND… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Christina Placilla

Phone

2125717290

Tax Period

2023-09-01 to 2024-08-31

CHURCH STREET SCHOOL FOR MUSIC AND ART, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023.

Mission

CHURCH STREET SCHOOL FOR MUSIC AND ART PROVIDES PROCESS-ORIENTED ART AND MUSIC EDUCATION TO STUDENTS OF ALL AGES. OUR AFFORDABLE PROGRAMS SERVE A RANGE OF SOCIALLY, CULTURALLY, AND ECONOMICALLY DIVERSE COMMUNITIES. WE ARE THE ONLY NOT-FOR-PROFIT COMMUNITY-BASED SCHOOL FOR THE ARTS IN LOWER MANHATTAN. CHURCH STREET SCHOOL IS DEDICATED TO THE IDEA THAT INDIVIDUAL EXPERIENCE AND PERSONAL DISCOVERY FOSTER CREATIVE THINKING AND CONFIDENCE. THE GOAL IS ALWAYS TO GIVE EXPRESSION TO A STUDENT'S NATURAL MUSICAL AND ARTISTIC SENSIBILITY THROUGH DIRECT PHYSICAL PARTICIPATION AND HANDS-ON CREATION, WHILE PROVIDING A STRONG FOUNDATION IN TECHNIQUE AND THEORY.

Program Service Accomplishments

Program 1

Expenses: $1,251,986 Revenue: $1,254,592

CHURCH STREET SCHOOL IS A FULL AGE-RANGE INSTITUTION, PROVIDING PRESCHOOL CLASSES, AFTER SCHOOL PROGRAMS, VACATION CAMPS, AND CLASSES FOR TEENS AND ADULTS, WITH HIGHLY ACCLAIMED MUSIC AND ART FACULTY FROM AROUND THE WORLD. PROGRAMS OFFERED AT THE SCHOOL INCLUDE "CREATIVE ARTS CLUB" AFTER SCHOOL PROGRAM; THE "72" TEEN PROGRAM;GROUP/PRIVATE INSTRUMENTAL LESSONS; DALCROZE EURHYTHMICS; VISUAL ART CLASSES; SPECIALTY ARTS WORKSHOPS;PARENT/CHILD CLASSES; MUSIC THERAPY FOR SPECIAL NEEDS STUDENTS. CONCERTS/EXHIBITS BY OUR STUDENTS AND TEACHING ARTISTS ARE ALSO OPEN TO THE PUBLIC. AS PART OF OUR COMMITMENT TO ACCESSIBILITY, CSSMA OFFERS FREE OPPORTUNITIES TO PARTICIPATE IN THE SCHOOL'S OFFERINGS EACH YEAR. FOR EXAMPLE, CSSMA HOLDS TWO ANNUAL OPEN HOUSE EVENTS WHEN WE PROVIDE FREE PRESCHOOL MUSIC CLASSES, ALL-AGE OPEN ART CLASSES, GROUP INSTRUMENTAL LESSONS AND PERFORMANCES TO THE COMMUNITY. IN ADDITION, EACH WEEK CSSMA OFFERS A FREE CHILDREN'S CHORUS ONSITE AND THREE FREE SENIORS CHORUS PROGRAMS AT SITES THROUGHOUT LOWER MANHATTAN.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $333,144

Program Service Revenue $1,254,592

Investment Income $668

Other Revenue $40,743

TOTAL REVENUE $1,629,147

Expense Breakdown

Grants Paid $97,418

Salaries & Benefits $1,126,402

Fundraising Expenses $138,835

Program Expenses $1,251,986

Other Expenses $536,576

TOTAL EXPENSES $1,760,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,629,147	$1,616,320	+0.0%
Expenses	$1,760,396	$1,616,249	+0.1%
Net Income	$-131,249	$71	-1849.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

104

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

$45,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB ELDER	CHAIR	2.00	Officer Director	$0	$0	$0
DARYL KLEIMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHLEEN MCLAUGHLIN	TREASURER	2.00	Officer Director	$0	$0	$0
DWIGHT YELLEN	DIRECTOR	2.00	Director	$0	$0	$0
LAURI BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
ANAND AGNESHWAR	DIRECTOR	2.00	Director	$0	$0	$0
PIRUZ PARTOW	EXECUTIVE DIRECTOR	40.00	Officer	$41,595	$0	$41,595
CHRISTINA PLACILLA	EXECUTIVE DIRECTOR	40.00	Officer	$3,462	$0	$3,462

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	$1,629,147	$1,760,396	$170,746	$-131,249
2023	$1,616,320	$1,616,249	$284,004	$71
2022	$1,552,504	$1,392,611	$220,000	$159,893
2021	$1,442,613	$1,381,268	$180,783	$61,345
2021	$1,116,621	$1,306,728	$179,692	$-190,107
2020	$1,534,933	$1,536,616	$272,092	$-1,683
2019	$1,427,892	$1,629,771	$192,304	$-201,879
2018	$1,484,510	$1,820,237	$224,194	$-335,727

CHURCH STREET SCHOOL FOR MUSIC AND ART