BRING ON THE MUSIC INC

EIN: 270030546 501(c)(3) Education

ENCINO, CA

Total Revenue
$2,851,302
Total Expenses
$3,232,451
Total Assets
$11,237,377
Net Assets
$11,234,813
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
MICHAEL BALZARY
Phone
8183851933
Tax Period
2024-01-01 to 2024-12-31

BRING ON THE MUSIC INC, founded in 2001, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $3.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

OUR MISSION AT SILVERLAKE CONSERVATORY OF MUSIC, A NON-PROFIT 501(C)(3) ORGANIZATION, IS TO FACILITATE A DYNAMIC MUSIC EDUCATION AND TO TEACH BEGINNING AND ACCOMPLISHED MUSICIANS OF ALL SKILL LEVELS. OUR PRIMARY FOCUS IS ON THE YOUTH OF THE COMMUNITY, BUT ALL ARE WELCOME AND ENCOURAGED TO PARTICIPATE. WE OFFER PRIVATE MUSIC LESSONS ON ALL ORCHESTRAL AND BAND INSTRUMENTS INCLUDING VOICE, AS WELL AS A VARIETY OF ENSEMBLE CLASSES AT A REASONABLE COST. WE GRANT SCHOLARSHIPS TO CHILDREN WHO QUALIFY, PROVIDING FREE LESSONS AND INSTRUMENTS. PERFORMANCES AND RECITALS PUT ON BY THE CONSERVATORY ARE A FULFILLING EXPERIENCE FOR THE STUDENTS AND A BEAUTIFUL OUTREACH TO THE COMMUNITY. OUR GOAL IS TO KEEP OUR STANDARD OF TEACHING AT THE HIGHEST LEVEL WHILE MAINTAINING A FRIENDLY, FUN AND NURTURING ENVIRONMENT. THE STUDY OF MUSIC ENRICHES NOT ONLY THE LIVES OF THE STUDENT AND TEACHER, BUT THE COMMUNITY AND SOCIETY AS WELL.

Program Service Accomplishments

Program 1
Expenses: $1,772,005 Revenue: $1,065,284

THE SILVERLAKE CONSERVATORY OF MUSIC (SCM)(WWW.SILVERLAKECONSERVATORY.ORG) PROVIDED APPROXIMATELY 850 INDIVIDUALS FROM SILVERLAKE AND SURROUNDING L.A. COMMUNITIES WITH AFFORDABLE PRIVATE MUSIC...

Read more

THE SILVERLAKE CONSERVATORY OF MUSIC (SCM)(WWW.SILVERLAKECONSERVATORY.ORG) PROVIDED APPROXIMATELY 850 INDIVIDUALS FROM SILVERLAKE AND SURROUNDING L.A. COMMUNITIES WITH AFFORDABLE PRIVATE MUSIC LESSONS AND BASIC MUSIC EDUCATION. THE CONSERVATORY ALSO PARTICIPATED IN A NUMBER OF COMMUNITY BASED EVENTS AND HELD QUARTERLY RECITALS TO HIGHLIGHT OUR STUDENTS FOR THE ENJOYMENT OF OUR PARENTS AND COMMUNITY. THE CONSERVATORY ALSO OFFERS ENSEMBLE CLASSES FOR STUDENTS ALREADY ENROLLED IN THE SCHOOL.

Program 2
Expenses: $117,886 Revenue: $70,870

SCM HELD SUMMER CAMPS FOR AGES 7-18. ALL CAMPS INCLUDE WORKSHOPS IN INSTRUMENTAL AND VOCAL TECHNIQUE, MUSIC READING, MUSIC THEORY AND EAR TRAINING, MUSIC APPRECIATION, LISTENING AND ENSEMBLE PLAYING...

Read more

SCM HELD SUMMER CAMPS FOR AGES 7-18. ALL CAMPS INCLUDE WORKSHOPS IN INSTRUMENTAL AND VOCAL TECHNIQUE, MUSIC READING, MUSIC THEORY AND EAR TRAINING, MUSIC APPRECIATION, LISTENING AND ENSEMBLE PLAYING IN VARIOUS STYLES.

Program 3
Expenses: $696,071 Revenue: $418,460

SCHOLARSHIP STUDENTS TOTALED ABOUT 185 IN 2023. OUR GOAL IS TO MAINTAIN UP TO 200 SCHOLARSHIPS. SCM SEEKS CHARITABLE SUPPORT TO FUND SCHOLARSHIPS FOR LOW-INCOME CHILDREN AGES 7 TO 17. STUDENTS...

Read more

SCHOLARSHIP STUDENTS TOTALED ABOUT 185 IN 2023. OUR GOAL IS TO MAINTAIN UP TO 200 SCHOLARSHIPS. SCM SEEKS CHARITABLE SUPPORT TO FUND SCHOLARSHIPS FOR LOW-INCOME CHILDREN AGES 7 TO 17. STUDENTS QUALIFY FOR SCHOLARSHIP IF THEY ARE A TITLE 1 (LOW-INCOME) STUDENT. SCM PROVIDESSCHOLARSHIP STUDENTS THROUGHOUT THE YEAR WITH INDIVIDUAL INSTRUCTION, ENSEMBLE PARTICIPATION AND ENROLLMENT AT OUR SUMMER CAMPS. AS PART OF THE SCHOLARSHIP PROGRAM, SCM PROVIDES STUDENTS WITH FREE INSTRUMENTS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,361,541
Program Service Revenue $1,319,432
Investment Income $227,899
Other Revenue $-57,570
TOTAL REVENUE $2,851,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,099,733
Fundraising Expenses $161,622
Program Expenses $2,585,962
Other Expenses $1,132,718
TOTAL EXPENSES $3,232,451

Year-over-Year Comparison

2024 2023 Change
Revenue $2,851,302 $2,754,122 +0.0%
Expenses $3,232,451 $2,857,508 +0.1%
Net Income $-381,149 $-103,386 +2.7%
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

Sign In

Governance

Voting Members
13
Independent Members
N/A
Employees
59
Volunteers
N/A

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
1
$0
Total Directors
14
$163,692
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER REY MANAGING DIRECTOR 40.00
Director
$163,692 $0 $163,692
ERIC GREENSPAN DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL BALZARY DIRECTOR 0.00
Officer Director
$0 $0 $0
KEITH BARRY DEAN & DIRECTOR 40.00
Director
$0 $0 $0
JOE BRAUN DIRECTOR 0.00
Director
$0 $0 $0
SUSAN WIESNER DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY KIEDIS DIRECTOR 0.00
Director
$0 $0 $0
JOHN SILVA DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL LERCH DIRECTOR 0.00
Director
$0 $0 $0
IAN MONTONE DIRECTOR 0.00
Director
$0 $0 $0
BARBARA BESTOR DIRECTOR 0.00
Director
$0 $0 $0
JAIME GARCIA DIRECTOR 0.00
Director
$0 $0 $0
LALO MEDINA DIRECTOR 0.00
Director
$0 $0 $0
AMY SHAPIRO DIRECTOR 0.00
Director
$0 $0 $0
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 $2,851,302 $3,232,451 $11,237,377 $-381,149
2023 $2,754,122 $2,857,508 $11,617,300 $-103,386
2022 $7,577,491 $2,441,116 $11,794,480 $5,136,375
2021 $1,064,025 $1,684,690 $7,874,888 $-620,665
2020 $693,815 $1,853,588 $8,491,392 $-1,159,773
2019 $2,613,764 $2,149,918 $9,759,138 $463,846
2018 $2,095,598 $1,900,688 $9,293,972 $194,910
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BRING ON THE MUSIC INC with other nonprofits in California and across the country.