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New York BBB Wise Giving Report for
Education Through Music

A BBB Accredited charity

 



Expiration Date:
10/2015
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 (ETM) 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 supportive 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:
Ms. Katherine Damkohler, Executive Director/CEO
Compensation*:
$145,000
Chair of the Board:
Mr. Michael R. Schaefer
Chair's Profession / Business Affiliation:
Consultant/HSBC
Board Size:
21
Paid Staff Size:
42



*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.
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $1,062,088, 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 Education Through Music's Audited Financial Statements for the fiscal year ended August 31, 2012.

Source of Funds  

Program income

$930,270

Contributions

767,605

Benefit and event income

264,489

Satisfaction of time and program restrictions

167,807

Donated Legal services

29,994

Unrealized gain on investments

10,333

Interest and dividend income

4,425

Miscellaneous income

4,359

Direct fund raising costs

(87,880)

Total Income

$2,091,402

Program Expenses  

Education

$1,763,706
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

1,763,706
170,278
164,807

$2,098,791

$(7,389)




Uses of Funds as a % of Total Expenses


Programs: 84%  Fund Raising: 8%  Administrative 8% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $705,362
Ending net assets 717,952
Total liabilities 74,831

Total assets

$792,783






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.