Overview
What is Society Of The Third Street Music School Settlement?
The Society of The Third Street Music School Settlement, based in New York City, is a distinguished nonprofit organization that offers high-quality music and dance instruction to individuals of various ages, abilities, and socioeconomic backgrounds. With a mission to enrich lives and communities, it delivers these educational programs through on-site classes, public-school partnerships, an arts-infused preschool, and community partnerships. The school serves a diverse student population, reflecting the ethnic and socioeconomic makeup of New York City, and provides financial aid and subsidized programming to ensure equitable access. In 2021-22, the nonprofit served over 6,000 students, including over 1,700 in its weekly after-school and weekend programs. To broaden its reach, the Society also acquired ISO, a prominent youth orchestra program, merging the two organizations to offer advanced music instruction to over 200 students from across the city.
Official website here: www.thirdstreetmusicschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Society Of The Third Street Music School Settlement has achieved an outstanding Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and financial management. The organization scored perfectly in all evaluated categories, demonstrating rigorous oversight practices and a commitment to transparency.
Strengths include a fully independent board comprised of 33 members, as well as effective policies in place regarding conflict of interest and whistleblower protections. The charity effectively utilizes its resources, with a program expense ratio of over 81%, indicating that a significant portion of its funding directly supports its mission. Additionally, the organization is noted for its investments in leadership development and its ability to adapt to changing circumstances.
While the data supports the charity's strengths, there are no specific limitations mentioned in the feedback, suggesting a robust operational framework. Overall, the Society Of The Third Street Music School Settlement exemplifies a model of excellence in nonprofit governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of The Third Street Music School Settlement legitimate?
Society Of The Third Street Music School Settlement is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of The Third Street Music School Settlement submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $832,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,903,745
For more financial information, click here
Official website here: www.thirdstreetmusicschool.org
What is the mission statement of Society Of The Third Street Music School Settlement?
The Society of the Third Street Music School Settlement strives to enrich lives and communities by engaging individuals of all ages, backgrounds, resources, and abilities in high-quality music and dance education programs. They provide these opportunities through on-site, public-school, and community programs, as well as an arts-infused preschool. The institution, located in New York, offers these services regardless of an individual's artistic ability or economic circumstances. The programs are taught by exceptional faculty in an environment that fosters individual achievement and creativity, allowing students to reach their full artistic potential while nurturing a lifelong love for the arts.
Official website here: www.thirdstreetmusicschool.org
Who is the CEO of Society Of The Third Street Music School Settlement?
Valerie Lewis is the Chair of Society Of The Third Street Music School Settlement.
Official website here: www.thirdstreetmusicschool.org
What is the revenue of Society Of The Third Street Music School Settlement?
Society Of The Third Street Music School Settlement's revenue in 2022 was $10,995,495.
Official website here: www.thirdstreetmusicschool.org
Who are the executives of Society Of The Third Street Music School Settlement and what are their salaries?
The average compensation at Society Of The Third Street Music School Settlement during 2022 was $25,956. There are 221 employees and 31 volunteers at Society Of The Third Street Music School Settlement.
Here are 39 key members and their salaries:
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Official website here: www.thirdstreetmusicschool.org
Where can I find the form 990 for Society Of The Third Street Music School Settlement?
Society Of The Third Street Music School Settlement's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thirdstreetmusicschool.org
Learn more at the official website: www.thirdstreetmusicschool.org
Mission Statement of Society Of The Third Street Music School Settlement
The Society of the Third Street Music School Settlement is committed to enriching lives and communities by engaging individuals of all ages, backgrounds, resources, and abilities in high-quality music and dance education programs. This esteemed organization provides music and dance instruction regardless of artistic ability or economic circumstances, fostering an environment that nurtures individual achievement and creativity. Through on-site, public-school, and community programs, as well as an arts-infused preschool, the Society offers opportunities for New Yorkers of all ages to reach their full artistic potential while developing a lifelong love for the arts. The exceptional faculty at the Society ensures that each student receives a nurturing and supportive learning experience, enabling them to flourish in their artistic pursuits.
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Impact
October, 2024
The Society of the Third Street Music School Settlement significantly impacts the community by providing high-quality music and dance instruction accessible to individuals regardless of their artistic ability or economic circumstances. As the nation’s longest-running community music school, it serves as a vital resource for aspiring artists of all ages, particularly focusing on children in grades pre-K through 12.
During the 2021-22 period, over 6,000 students benefited from its carefully designed programs, which include lessons in more than 22 instruments and voice, various dance disciplines, music theory, composition, and performance training. In addition, the organization prioritizes equity by offering need-based financial aid, ensuring that over 80% of its students can participate regardless of their financial background.
The diversity reflected in its student population—spanning various ethnicities—demonstrates Third Street's commitment to inclusivity. The recent integration of one of the city’s leading youth orchestra programs not only expands access to advanced music education but also enriches the community's cultural landscape by enabling students to perform in prestigious venues like Carnegie Hall and Alice Tully Hall.
Overall, this organization nurtures individual creativity and achievement, fostering a lifelong love for the arts while contributing to the enrichment of the community.
This information is meant to be a general summary of Society Of The Third Street Music School Settlement. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $632,809
- Program Service Revenue: $5,251,344
- Gross Receipts: $12,403,672
Assets and Liabilities:
- Total Assets: $20,136,475
- Total Liabilities: $3,148,497
- Net Assets: $16,987,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & REGISTRATION
Revenue
$4,683,607
SCHOOL PARTNERSHIPS
Revenue
$567,737
Organization Details
Founding Year
1894
Phone
(212) 777-3240Principal Officer
Valerie Lewis
Main Address
235 EAST 11TH STREET, NEW YORK, NY, 100037305
NTEE Category
Code: A6E0 - Arts
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