NEIGHBORHOOD MUSIC SCHOOL ASSOCIATION

EIN: 956002180 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$1,246,416
Total Expenses
$1,132,327
Total Assets
$6,191,179
Net Assets
$5,982,381
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
CA
Principal Officer
KAREN LOUIS
Phone
3232680762
Tax Period
2024-03-01 to 2025-02-28

NEIGHBORHOOD MUSIC SCHOOL ASSOCIATION, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 9% surplus.

Mission

INSPIRING MINDS AND ENRICHING OUR COMMUNITY THROUGH MUSIC EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $581,540 Revenue: $287,577

THE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC LESSONS TO MORE THAN 300 STUDENTS IN PIANO, VIOLIN, GUITAR, DRUM, CELLO, WOODWINDS, AND BRASS AND VOICE. THE INSTRUCTORS ARE PROFESSIONAL...

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THE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC LESSONS TO MORE THAN 300 STUDENTS IN PIANO, VIOLIN, GUITAR, DRUM, CELLO, WOODWINDS, AND BRASS AND VOICE. THE INSTRUCTORS ARE PROFESSIONAL MUSICIANS AND EDUCATORS WHO PROVIDE MUSIC TRAINING AND MENTORSHIP TO THE STUDENTS. MANY OF THE STUDENTS ARE UNDERPRIVILEGED AND WOULD NOT OTHERWISE RECEIVE MUSIC INSTRUCTION.

Program 2
Expenses: $196,985

THE SCHOOL PROVIDES NEEDS-BASED SCHOLARSHIPS TO STUDENTS WHO FALL AT OR BELOW THE POVERTY LINE. SCHOLARSHIPS ARE PROVIDED BY PRIVATE AND CORPORATE DONORS.

Program 3
Expenses: $67,505

THE SCHOOL OFFERS ENSEMBLE TRAINING AND PERFORMANCE OPPORTUNITIES THROUGH RECITALS AND COMMUNITY SERVICE OPPORTUNITIES THROUGHOUT THE YEAR.

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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 $669,071
Program Service Revenue $287,577
Investment Income $289,768
Other Revenue $0
TOTAL REVENUE $1,246,416

Expense Breakdown

Grants Paid $107,650
Salaries & Benefits $766,902
Fundraising Expenses $72,315
Program Expenses $846,030
Other Expenses $257,775
TOTAL EXPENSES $1,132,327

Year-over-Year Comparison

2024 2023 Change
Revenue $1,246,416 $672,882 +0.9%
Expenses $1,132,327 $945,586 +0.2%
Net Income $114,089 $-272,704 -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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
40
Volunteers
75

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
5
$143,613
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY C DE FRANCISCO PRESIDENT 10.00
Officer Director
$0 $0 $0
MAUREEN MCCONNELL SECRETARY 10.00
Officer Director
$0 $0 $0
SEAN CAUVEL DIRECTOR 5.00
Director
$0 $0 $0
DR JOSHUA SMITH DIRECTOR 5.00
Director
$0 $0 $0
SERGE KASIMOFF DIRECTOR 5.00
Director
$0 $0 $0
BRUCE GORELICK TREASURER 10.00
Officer Director
$0 $0 $0
ALEX LALIN VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
ROGER ZICKFELD DIRECTOR 5.00
Director
$0 $0 $0
GERMAINE FRANCO DIRECTOR 5.00
Director
$0 $0 $0
KAREN LOUIS EXECUTIVE DIRECTOR 40.00
Officer
$143,613 $0 $143,613
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 $1,246,416 $1,132,327 $6,191,179 $114,089
2024 $672,882 $945,586 $5,789,222 $-272,704
2023 $1,386,202 $865,609 $5,454,309 $520,593
2022 $3,265,327 $718,488 $5,346,067 $2,546,839
2021 $628,035 $664,687 $3,013,362 $-36,652
2020 $719,124 $682,224 $2,576,319 $36,900
2019 $598,918 $693,131 $2,498,399 $-94,213
2018 $572,180 $637,954 $2,586,961 $-65,774
2018 $642,580 $641,093 $2,654,222 $1,487
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