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New York BBB Wise Giving Report for
Education Through Music

A BBB Accredited charity

 


Expiration Date:
10/2013
Name:
Education Through Music
Address:
122 East 42nd Street, Suite 1501
New York, NY 10168
Phone:
212-972-4788
Year, State Incorporated:
1991, New York
Affiliates:
None
Stated Purpose:
" Education Through Music was formed to promote the use of music in inner-city schools and schools in disadvantaged areas, as a means of enhancing students' academic performance and general development. "





Evaluation Conclusions
 

               
Education Through Music (ETM) meets the 20 Standards for Charity Accountability.




Programs
 

               
Education Through Music forms long-term partnerships with New York City schools that serve disadvantaged children and lack school-wide music programs. These partnerships provide weekly, skills- and standards-based music instruction to every child in each school, and provide supporting services such as training, professional development, leadership guidance, assessment and capacity building to music teachers, classroom teachers, principals and parents. ETM also provides professional development and consulting services to organizations and schools, both locally and across the country, to help them improve music education in their own communities.



Governance
 

               
Chief Executive Officer:
Katherine Damkohler, Executive Director
Compensation*:
$145,000
Chair of the Board:
Michael R. Schaefer
Chair's Profession / Business Affiliation:
Retired
Board Size:
21
Paid Staff Size:
37



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

               
Method(s) Used:

Direct mail appeals, invitations to fund raising events, grant proposals, internet, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization), Facebook, Twitter
Fund raising costs were 21.7% of related contributions. (Related contributions, which totaled $564,367, are donations received as a result of fund raising activities.)




Tax Status
 

               
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

               
The following information is based on ETM's Audited Financial Statements for the fiscal year ended August 31, 2010.

Source of Funds
 

Program Income

 $731,030

Contributions

 443,098

Satisfaction of Time and Program Restrictions

 290,005

Benefits and Event Income

 110,286

Unrealized Gain on Investments

 15,864

Donated Legal Services

 10,983

Investment Income

 4,596

Miscellaneous Income

 95

Realized Loss on Investments

 (6,566)

Total Income

$1,599,391

Expenses
 
Program Expenses 

Education

$1,318,316
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Income in Excess of Expenses

 1,318,316
122,673
154,257
$1,595,246

$4,145



Uses of Funds as a % of Total Expenses


Programs: 83%  Fund Raising: 8%  Administrative 10% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $708,376
Ending net assets 693,916
Total liabilities 10,839
Total assets
$704,755






 

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