THE SCHOOL FOR STRINGS INC

EIN: 510201835 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$2,073,023
Total Expenses
$1,563,021
Total Assets
$15,095,158
Net Assets
$14,878,216
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NY
Phone
2123150915
Tax Period
2024-09-01 to 2025-08-31

THE SCHOOL FOR STRINGS INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $510K, a strong 25% operating margin.

Mission

TO PROVIDE MUSIC STUDENTS WITH THE NECESSARY FACILITIES, EQUIPMENT, AND INSTRUCTORS TO HELP DEVELOP AND ENHANCE THEIR MUSICAL TALENTS.

Program Service Accomplishments

Program 1
Expenses: $1,156,562 Revenue: $1,189,667

THE EXPENSES AS REPORTED IN PART IX WERE INCURRED TO HELP PROVIDE MUSIC STUDENTS WITH THE NECESSARY FACILITIES, EQUIPMENT, AND INSTRUCTORS TO HELP DEVELOP AND ENHANCE THEIR MUSICAL TALENTS. FOR THE...

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THE EXPENSES AS REPORTED IN PART IX WERE INCURRED TO HELP PROVIDE MUSIC STUDENTS WITH THE NECESSARY FACILITIES, EQUIPMENT, AND INSTRUCTORS TO HELP DEVELOP AND ENHANCE THEIR MUSICAL TALENTS. FOR THE YEAR ENDED AUGUST 31, 2025, THE NUMBER OF STUDENTS AND INSTRUCTORS THAT PARTICIPATED IN THE PROGRAM WERE 229 AND 25, RESPECTIVELY.

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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 $120,109
Program Service Revenue $1,189,667
Investment Income $769,305
Other Revenue $-6,058
TOTAL REVENUE $2,073,023

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,090,636
Fundraising Expenses $0
Program Expenses $1,156,562
Other Expenses $472,385
TOTAL EXPENSES $1,563,021

Year-over-Year Comparison

2024 2023 Change
Revenue $2,073,023 $1,603,295 +0.3%
Expenses $1,563,021 $1,540,817 +0.0%
Net Income $510,002 $62,478 +7.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
30
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
4
$188,239
Total Directors
8
$188,239
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER YUDKOVSKY EXECUTIVE DIRECTOR 40.00
Officer Director
$166,837 $21,402 $188,239
CARLA SOLOMON TRUSTEE 0.10
Director
$0 $0 $0
GREGORY GALTERIO CHAIRMAN/PRESIDENT/TRUSTEE 0.10
Officer Director
$0 $0 $0
JULIANA PEREIRA SECRETARY/TRUSTEE 0.10
Officer Director
$0 $0 $0
PHILIP TOH TREASURER/TRUSTEE 0.50
Officer Director
$0 $0 $0
RANI ZARINA VAZ TRUSTEE 0.10
Director
$0 $0 $0
SUSAN EDELSTEIN TRUSTEE 0.10
Director
$0 $0 $0
JOHN BESSONETTE TRUSTEE 0.10
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
2025 $2,073,023 $1,563,021 $15,095,158 $510,002
2024 $1,603,295 $1,540,817 $14,039,478 $62,478
2023 $1,417,864 $1,507,050 $12,615,533 $-89,186
2022 $1,493,999 $1,518,961 $12,108,681 $-24,962
2021 $1,609,621 $1,472,218 $12,982,899 $137,403
2020 $1,920,563 $1,573,407 $11,894,209 $347,156
2019 $2,214,953 $1,518,630 $11,217,949 $696,323
2018 $1,976,922 $1,508,256 $10,467,990 $468,666
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