THE CLASSICAL SAXOPHONE PROJECT INC

EIN: 455272032 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$128,004
Total Expenses
$176,022
Total Assets
$538,398
Net Assets
$526,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
JEAN-PIERRE SCHMITT
Phone
6463447232
Tax Period
2024-01-01 to 2024-12-31

THE CLASSICAL SAXOPHONE PROJECT INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $128K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROMOTE THE CLASSICAL REPERTORY OF THE SAXOPHONE, BY PROVIDING A FORUM WHERE CLASSICAL SAXOPHONE PLAYERS CAN PERFORM WITH ORCHESTRAS AND CONDUCT CLASSES FOR THE GENERAL PUBLIC IN ORDER TO ENHANCE THE SAXOPHONE AS A CONCERT INSTRUMENT.

Program Service Accomplishments

Program 1
Expenses: $43,774 Revenue: $610

HOLD CONCERTS AND RECITALS TO SHOWCASE THE TALENT OF YOUNG ARTISTS. DEVELOP AN INTEREST IN UNDERSTANDING OF SAXOPHONE

Program 2
Revenue: $841

CLASSES FOR THE GENERAL PUBLIC IN ORDER TO ENHANCE THE SAXOPHONE AS A CONCERT INSTRUMENT FOR DEVELOP AN INTEREST IN UNDERSTANDING OF SAXOPHONE

Program 3
Revenue: $100,641

DONATIONS

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,641
Program Service Revenue $1,451
Investment Income $25,912
Other Revenue $0
TOTAL REVENUE $128,004

Expense Breakdown

Grants Paid $0
Salaries & Benefits $98,605
Fundraising Expenses $0
Program Expenses $43,774
Other Expenses $77,417
TOTAL EXPENSES $176,022

Year-over-Year Comparison

2024 2023 Change
Revenue $128,004 $409,819 -0.7%
Expenses $176,022 $164,632 +0.1%
Net Income $-48,018 $245,187 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
3
$91,598
Total Directors
7
$91,598
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAVIER OVIEDO GENERAL SECRETARY 40.00
Officer Director
$64,098 $0 $64,098
STEVE BORITZ CFO/TREASURER 5.00
Officer Director
$0 $0 $0
JEAN-PIERRE SCHMITT PRESIDENT 5.00
Officer Director
$27,500 $0 $27,500
NANCY LANGER BOARD MEMBER 5.00
Director
$0 $0 $0
MEYER GROSS BOARD MEMBER 5.00
Director
$0 $0 $0
FIROUZEH SHARIFI BOARD MEMBER 5.00
Director
$0 $0 $0
TRISTAN LOANZON BOARD MEMBER 5.00
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 $128,004 $176,022 $538,398 $-48,018
2023 $409,819 $164,632 $562,134 $245,187
2022 $460,919 $137,693 $309,355 $323,226
2022 $460,919 $137,693 $309,355 $323,226
2020 $42,348 $44,249 $4,322 $-1,901
2019 $66,217 $80,586 $4,023 $-14,369
2018 $51,300 $59,073 $10,642 $-7,773
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