SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT

EIN: 135596825 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$12,056,559
Total Expenses
$11,918,670
Total Assets
$25,430,381
Net Assets
$21,256,937
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Financial Trends

Organization Details

Formation Year
1894
Legal Domicile
NY
Principal Officer
VALERIE LEWIS
Phone
2127773240
Tax Period
2024-07-01 to 2025-06-30

SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT, founded in 1894, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THIRD STREET MUSIC SCHOOL SETTLEMENT IS TO PROVIDE ACCESS TO MUSIC AND DANCE EDUCATION TO NEW YORKERS OF ALL AGES.

Program Service Accomplishments

Program 1
Expenses: $8,235,364 Revenue: $5,899,962

MUSIC AND DANCE INSTRUCTIONSEE SCHEDULE OAS THE NATION'S LONGEST-RUNNING COMMUNITY MUSIC SCHOOL, THIRD STREET PROVIDES HIGH QUALITY MUSIC AND DANCE INSTRUCTION TO STUDENTS OF ALL AGES, ABILITIES, AND...

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MUSIC AND DANCE INSTRUCTIONSEE SCHEDULE OAS THE NATION'S LONGEST-RUNNING COMMUNITY MUSIC SCHOOL, THIRD STREET PROVIDES HIGH QUALITY MUSIC AND DANCE INSTRUCTION TO STUDENTS OF ALL AGES, ABILITIES, AND SOCIOECONOMIC BACKGROUNDS. THE MAJORITY OF THIRD STREET'S PROGRAMS SERVE CHILDREN IN GRADES PRE-K THROUGH 12TH-GRADE WITH WEEKLY AFTER-SCHOOL AND WEEKEND INSTRUCTION IN 25+ INSTRUMENTS AND VOICE; GROUP AND ENSEMBLE CLASSES; SEVERAL DANCE DISCIPLINES; MUSIC THEORY, COMPOSITION, AND PRODUCTION; AND PERFORMANCE TRAINING. THIRD STREET ALSO OFFERS EARLY CHILDHOOD PROGRAMS INCLUDING A LICENSED PRESCHOOL AND CLASSES IN MUSIC AND MOVEMENT; AS WELL AS ADULT PROGRAMS SUCH AS FLEXIBLE MUSIC LESSONS, FREE DAYTIME ACCESS TO PRACTICE STUDIOS, DANCE CLASSES, AND ENSEMBLE/PERFORMANCE ACTIVITIES, INCLUDING NEW HORIZONS BANDS FOR OLDER ADULTS. IN 2024-25, THIRD STREET SERVED 6,000+ STUDENTS, INCLUDING 2,391 IN OUR MUSIC & DANCE SCHOOL'S WEEKDAY, AFTER SCHOOL, AND WEEKEND PROGRAMS, AND 3,796 STUDENTS IN OUR PUBLIC-SCHOOL AND COMMUNITY PARTNERSHIPS PROGRAM. THIRD STREET'S OVERALL STUDENT POPULATION REFLECTS THE ETHNIC AND SOCIOECONOMIC DIVERSITY OF NYC: 32% HISPANIC; 24% WHITE; 21% ASIAN; 11% BLACK, AND 12% MIXED-RACE OR OTHER. TO ENSURE EQUITABLE ACCESS, THIRD STREET PROVIDED NEED-BASED FINANCIAL AID AND HIGHLY-SUBSIDIZED PROGRAMMING TO OVER 75% OF ITS STUDENTS.OUR ADVANCED YOUTH ENSEMBLE PROGRAM, ISO AT THIRD STREET, SERVED 208 STUDENTS WITH INSTRUCTION IN THREE ORCHESTRAS AND A SYMPHONIC BAND. STUDENTS RECEIVED WEEKLY COACHING FROM PROFESSIONAL MUSICIANS AND PERFORMED IN PUBLIC PERFORMANCES AT SYMPHONY SPACE, THE NYU SKIRBALL CENTER FOR THE PERFORMING ARTS, AND CARNEGIE HALL.

Program 2
Expenses: $1,408,084 Revenue: $568,001

THIRD STREET PARTNERS, SCHOOL & COMMUNITY PARTNERSHIPS SEE SCHEDULE OESTABLISHED OVER 60 YEARS AGO, THIRD STREET PARTNERS IS A SCHOOL AND COMMUNITY PARTNERSHIP PROGRAM THAT REACHES THOUSANDS OF...

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THIRD STREET PARTNERS, SCHOOL & COMMUNITY PARTNERSHIPS SEE SCHEDULE OESTABLISHED OVER 60 YEARS AGO, THIRD STREET PARTNERS IS A SCHOOL AND COMMUNITY PARTNERSHIP PROGRAM THAT REACHES THOUSANDS OF STUDENTS IN PRE-K THROUGH 12TH GRADE ACROSS THE FIVE BOROUGHS. IN 2024-25, THIRD STREET PARTNERS SERVED 3,616 STUDENTS IN 30 PUBLIC SCHOOLS AND HUNDREDS MORE THROUGH PROGRAMS IN FIVE COMMUNITY CENTERS SERVING STUDENTS IN PUBLIC HOUSING. THROUGH THESE PARTNERSHIPS, THIRD STREET PROVIDES TEACHING ARTIST RESIDENCIES IN NYC PUBLIC SCHOOLS AND COMMUNITY CENTERS TO PROVIDE STUDENTS WITH SKILL-BASED, SEQUENTIAL INSTRUCTION THAT RANGES FROM MUSIC AND MOVEMENT, TO AFRICAN PERCUSSION, TO GROUP VIOLIN, AND ROCK BAND. COMMITTED TO SERVING UNDER-RESOURCED POPULATIONS, ABOUT 75% OF STUDENTS ENGAGED IN THIRD STREET PARTNERS ARE LIVING AT OR BELOW THE POVERTY LINE. FOR MANY OF THESE STUDENTS, THIRD STREET'S PROGRAMS ARE THEIR FIRST EXPOSURE TO ARTS EDUCATION.AT THIRD STREET, WE BELIEVE THAT MUSIC AND DANCE ARE ESSENTIAL CORE SUBJECTS TO A CHILD'S EDUCATION. WE OFFER SCHOOLS A CUSTOMIZABLE ARTS EDUCATION PROGRAM THAT IS SUSTAINABLE AND TAILORED TO EACH UNIQUE GROUP OF STUDENTS SERVED. BY WORKING CLOSELY WITH A SCHOOL'S ADMINISTRATION, THIRD STREET DESIGNS A PROGRAM THAT FILLS A GAP IN THE ACADEMIC CURRICULUM. ALL PROGRAMS PROVIDE STUDENTS WITH A FOUNDATIONAL KNOWLEDGE OF MUSICIANSHIP, INCLUDING INSTRUMENTAL SKILLS, RHYTHM, PITCH, MUSIC THEORY AND VOCABULARY, AND A BASIC SET OF REPERTOIRE. PROGRAMS ARE TYPICALLY YEAR-ROUND FOR 28-32 WEEKS, BEGINNING IN SEPTEMBER THROUGH JUNE AND CULMINATING WITH PERFORMANCE OPPORTUNITIES. FURTHER, STUDENTS ARE INVITED TO PARTICIPATE IN THE MUSIC & DANCE SCHOOL'S BRIDGE-TO-THE-ARTS ACCESS PROGRAM PARTNERS@3RD, WHICH OFFERS STUDENTS THE OPPORTUNITY TO PARTICIPATE IN A YEAR OF FREE SMALL GROUP INSTRUCTION IN AN INSTRUMENT OF THEIR CHOICE AT THIRD STREET'S HEADQUARTERS.

Program 3
Expenses: $383,033

COMMUNITY CONCERTSSEE SCHEDULE OIN 2024-25, THIRD STREET PRESENTED OVER 150 FREE PUBLIC PERFORMANCES, ENRICHING THE COMMUNITY THROUGH THE SHARED LANGUAGE OF THE ARTS. HIGHLIGHTS INCLUDED OUR...

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COMMUNITY CONCERTSSEE SCHEDULE OIN 2024-25, THIRD STREET PRESENTED OVER 150 FREE PUBLIC PERFORMANCES, ENRICHING THE COMMUNITY THROUGH THE SHARED LANGUAGE OF THE ARTS. HIGHLIGHTS INCLUDED OUR LIVESOUNDS CONCERT SERIES WITH PERFORMANCES BY THIRD STREET FACULTY, OUR CULTURAL CELEBRATIONS SERIES WHICH SHOWCASED ARTISTS FROM HISTORICALLY UNDERREPRESENTED BACKGROUNDS, AND DOZENS OF STUDENT PERFORMANCES INCLUDING OUR ANNUAL ALL ORCHESTRAS CONCERT, STOWE C. PHELPS HONORS CONCERT, NYC SYMPHONIC BAND CONCERT, PIANO HONORS SHOWCASE, BARBARA E. FIELD CHAMBER MUSIC CONCERT, AND STRING 'STRAVAGANZA. THE YEAR CULMINATED IN A SPECIAL ISO AT THIRD STREET CONCERT AT CARNEGIE HALL, A CHAMBER MUSIC CONCERT AT KAUFMAN MUSIC CENTER, AND A CHOIR CONCERT AT SYMPHONY SPACE.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,764,588
Program Service Revenue $6,467,963
Investment Income $729,239
Other Revenue $94,769
TOTAL REVENUE $12,056,559

Expense Breakdown

Grants Paid $1,279,094
Salaries & Benefits $7,741,026
Fundraising Expenses $785,288
Program Expenses $10,026,481
Other Expenses $2,898,550
TOTAL EXPENSES $11,918,670

Year-over-Year Comparison

2024 2023 Change
Revenue $12,056,559 $10,054,927 +0.2%
Expenses $11,918,670 $11,232,180 +0.1%
Net Income $137,889 $-1,177,253 -1.1%
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
34
Independent Members
34
Employees
209
Volunteers
39

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
7
$540,360
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER FLINT JR CHAIR 1.00
Officer Director
$0 $0 $0
ANDREA DIPASQUALE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ARIEL FAUSTO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW L SPERLING VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM LIVINGSTON IV TREASURER 1.00
Officer Director
$0 $0 $0
STAN SAGNER SECRETARY 1.00
Director
$0 $0 $0
BYRON BELL DIRECTOR 1.00
Director
$0 $0 $0
JESSICA CHU DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA V DOOLEY DIRECTOR 1.00
Director
$0 $0 $0
CARRIE ELSTON TUNICK DIRECTOR 1.00
Director
$0 $0 $0
BEAU EVERETT DIRECTOR 1.00
Director
$0 $0 $0
MARTY FRIDSON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE HWANG DIRECTOR 1.00
Director
$0 $0 $0
SHVETA KAKAR DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY MACCIARULO DIRECTOR 1.00
Director
$0 $0 $0
VICTORIA M MIGLIACCIO DIRECTOR 1.00
Director
$0 $0 $0
JESSIE MONTGOMERY DIRECTOR 1.00
Director
$0 $0 $0
LINA NOEL DIRECTOR 1.00
Director
$0 $0 $0
JEFF PERETZ DIRECTOR 1.00
Director
$0 $0 $0
JASON REED DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDRA ROMERO DIRECTOR 1.00
Director
$0 $0 $0
ADRIAN ROSS DIRECTOR 1.00
Director
$0 $0 $0
KARA SAXON DIRECTOR 1.00
Director
$0 $0 $0
PETER FG SCHUUR DIRECTOR 1.00
Director
$0 $0 $0
ANDREW SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
RACHNA SHAH DIRECTOR 1.00
Director
$0 $0 $0
YOHANNA SOWLER DIRECTOR 1.00
Director
$0 $0 $0
FELIPE TOEWS DIRECTOR 1.00
Director
$0 $0 $0
BARBARA TRACY DIRECTOR 1.00
Director
$0 $0 $0
DIANA WEGE DIRECTOR 1.00
Director
$0 $0 $0
KANA YOSHIZAWA DIRECTOR 1.00
Director
$0 $0 $0
VALERIE LEWIS EXECUTIVE DIRECTOR 35.00
Officer
$314,577 $12,308 $326,885
SEEROJNEE HENRY DIRECTOR OF FINANCE & ADMINISTRATION 35.00
Officer
$206,520 $6,955 $213,475
LOYI MALU DIRECTOR OF STUDENT SERVICES 35.00
Highest
$182,258 $9,736 $191,994
PATRICK PIERRE DIRECTOR OF FACILITIES & OPERATIONS 35.00
Highest
$142,850 $7,581 $150,431
HANNAH MARGOLIES DIRECTOR OF DEVELOPMENT 35.00
Highest
$132,073 $6,677 $138,750
BRANDON TESH DIRECTOR OF MUSIC AND DANCE SCHOOL 35.00
Highest
$122,106 $7,881 $129,987
KRISTEN KENTNER DIRECTOR OF MARKETING 35.00
Highest
$116,710 $0 $116,710
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 $12,056,559 $11,918,670 $25,430,381 $137,889
2024 $10,054,927 $11,232,180 $23,969,945 $-1,177,253
2023 $12,190,339 $10,387,933 $23,622,768 $1,802,406
2022 $10,995,495 $10,298,899 $20,136,475 $696,596
2021 $9,331,737 $9,044,791 $23,512,540 $286,946
2020 $9,233,067 $9,892,524 $20,539,086 $-659,457
2019 $9,318,214 $9,186,714 $21,513,281 $131,500
2018 $9,507,304 $8,254,633 $21,133,459 $1,252,671
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