ALLEGRO CHARTER SCHOOL OF MUSIC

EIN: 472167782 501(c)(3) Education

NORTH CHARLESTON, SC

Total Revenue
$5,161,786
Total Expenses
$4,910,510
Total Assets
$5,245,449
Net Assets
$2,261,004
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
SC
Principal Officer
MITSUKO FLYNN
Phone
8432978033
Tax Period
2024-07-01 to 2025-06-30

ALLEGRO CHARTER SCHOOL OF MUSIC, founded in 2014, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 5% surplus.

Mission

THE MISSION OF ALLEGRO CHARTER SCHOOL OF MUSIC IS TO PRODUCE CREATIVE THINKERS AND INSPIRED MEMBERS OF SOCIETY THROUGH THE INFUSION OF MUSIC INTO AN ACADEMICALLY CHALLENGING ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $1,695,715 Revenue: $54,694

ALLEGRO CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION TO A DIVERSE BODY OF STUDENTS AT THE MIDDLE AND HIGH SCHOOL LEVEL WITH MUSIC INFUSED INTO ALL ASPECTS OF LEARNING. LOCATED ON THE PENINSULA OF...

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ALLEGRO CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION TO A DIVERSE BODY OF STUDENTS AT THE MIDDLE AND HIGH SCHOOL LEVEL WITH MUSIC INFUSED INTO ALL ASPECTS OF LEARNING. LOCATED ON THE PENINSULA OF CHARLESTON, IN CONTRAST WITH THE EXTREMELY SEGREGATED NORM OF PUBLIC SCHOOLS IN THE SURROUNDING AREA, ALLEGRO HAS A STUDENT BODY THAT MIRRORS THE RACIAL AND SOCIOECONOMIC DIVERSITY OF ITS COMMUNITY. STUDENTS AT ALLEGRO COME FROM BACKGROUNDS IN BOTH FAILING SCHOOLS AND HIGH-ACHIEVING SCHOOLS. OUR STUDENT BODY HAS MANY STUDENTS WHO ARE GIFTED, AND AN ALMOST EQUAL NUMBER OF STUDENTS WITH SPECIAL NEEDS. THESE STUDENTS' HOMES RANGE FROM GOVERNMENT HOUSING PROJECTS TO HISTORICAL MANSIONS AND BEACH-FRONT RESORTS. THERE ARE NO FEES TO ATTEND ALLEGRO, AND THE ONLY ADMISSION CRITERIA IS TO LIVE IN CHARLESTON COUNTY.

Program 2
Expenses: $1,695,714

STUDENTS AT ALLEGRO ARE BEING PREPARED FOR FUTURE CAREERS BY BEING INSTRUCTED IN THE USE OF MODERN TECHNOLOGY. EVERY MIDDLE SCHOOL STUDENTIS ISSUED AN IPAD, AND EACH HIGH SCHOOL STUDENT A MACBOOK...

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STUDENTS AT ALLEGRO ARE BEING PREPARED FOR FUTURE CAREERS BY BEING INSTRUCTED IN THE USE OF MODERN TECHNOLOGY. EVERY MIDDLE SCHOOL STUDENTIS ISSUED AN IPAD, AND EACH HIGH SCHOOL STUDENT A MACBOOK. THESE DEVICES ARE LOADED WITH THEIR TEXTBOOKS, AND ASSIGNMENTS ARE PREDOMINANTLY ISSUED AND COLLECTED ELECTRONICALLY. STUDENTS LEARN TO USE THEIR CREATIVITY TO SOLVE PROBLEMS THEY ENCOUNTER IN THESE NEW ELECTRONIC FORMATS, AND TO BE RESPONSIBLE WITH THE USE OF DIGITAL TECHNOLOGY IN A STRUCTURED ENVIRONMENT. MIDDLE SCHOOL STUDENTS MAY EARN UP TO 6 HIGH SCHOOL CREDITS BEFORE 9TH GRADE, AND HIGH SCHOOL STUDENTS PARTICIPATE IN BOTH ADVANCED PLACEMENT AND DUAL-CREDIT COURSES. STUDENTS GO ON TOURS OF THE LOCAL UNIVERSITIES AND MEET WITH COLLEGE STUDENTS AND WORKPLACE LEADERS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,105,377
Program Service Revenue $54,694
Investment Income $1,715
Other Revenue $0
TOTAL REVENUE $5,161,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,476,014
Fundraising Expenses $0
Program Expenses $3,391,429
Other Expenses $1,434,496
TOTAL EXPENSES $4,910,510

Year-over-Year Comparison

2024 2023 Change
Revenue $5,161,786 $4,455,485 +0.2%
Expenses $4,910,510 $5,086,107 0.0%
Net Income $251,276 $-630,622 -1.4%
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
7
Independent Members
7
Employees
52
Volunteers
15

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
6
$317,816
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITSUKO FLYNN PRESIDENT 6.00
Officer Director
$0 $0 $0
MELISSA BAILEY VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
HARRY OLSEN TREASURER 5.00
Officer Director
$0 $0 $0
EMILY BARIN SECRETARY 3.00
Officer Director
$0 $0 $0
DR KATHY SOBOLEWSKI MEMBER 3.00
Director
$0 $0 $0
CAMERON BUSKIRK MEMBER 3.00
Director
$0 $0 $0
RYAN LEVEILLE MEMBER 3.00
Director
$0 $0 $0
DANIEL NEIKIRK CEO 40.00
Officer
$166,400 $18,729 $185,129
NATHAN NELSON PRINCIPAL 40.00
Officer
$112,320 $20,367 $132,687
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 $5,161,786 $4,910,510 $5,245,449 $251,276
2024 $4,455,485 $5,086,107 $5,165,663 $-630,622
2023 $5,664,217 $4,369,833 $5,707,428 $1,294,384
2022 $3,697,057 $3,571,475 $1,503,437 $125,582
2021 $3,318,126 $2,830,791 $1,386,013 $487,335
2020 $2,833,495 $2,885,007 $1,169,156 $-51,512
2019 $2,561,727 $2,507,586 $2,943,925 $54,141
2018 $2,107,616 $2,075,174 $861,209 $32,442
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