Overview
What is The School For Strings Inc?
The School for Strings Inc, situated in New York, New York, is a nonprofit organization dedicated to nurturing musical talent in its students. With a workforce of 36 individuals, they offer essential facilities, equipment, and instructors to help young musicians grow and excel. During the 2022 financial year, a total of 265 students and 32 instructors were engaged in their program. Their mission is to provide an enriching environment where aspiring musicians can thrive and enhance their musical abilities.
Official website here: www.schoolforstrings.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The School For Strings Inc has achieved a high rating of 92%, indicating strong performance in accountability and finance. This score reflects a commitment to transparency and responsible financial management, with all metrics for accountability fully met. The organization boasts an independent board with 88% of its members being independent, further reinforcing its governance quality.
Financially, the nonprofit demonstrates solid management practices, as evidenced by a low liabilities to assets ratio of 0.97% and a program expense ratio of 75.40%. This suggests that a significant portion of its funds is directed towards programmatic activities rather than administrative costs, which is a positive sign for potential donors and supporters.
However, while the overall score is strong, it is calculated solely from accountability and finance metrics, meaning that there might be limited insight into other operational aspects or programmatic impact. Nonetheless, the organization's strong governance practices and financial health indicate a reliable option for those looking to support music education initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The School For Strings Inc legitimate?
The School For Strings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The School For Strings Inc 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: $147,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.schoolforstrings.org
What is the mission statement of The School For Strings Inc?
The School for Strings Inc's mission is centered around providing music students with the essential resources necessary for their growth and development. This includes suitable facilities, necessary equipment, and qualified instructors. The organization's primary goal is to foster and enhance the musical talents of its students. The expenses incurred by the organization are primarily directed towards achieving this mission, as evident from the data for the year ended August 31, 2022, where 265 students and 32 instructors participated in the program.
Official website here: www.schoolforstrings.org
What is the revenue of The School For Strings Inc?
The School For Strings Inc's revenue in 2024 was $1,603,295.
Official website here: www.schoolforstrings.org
Who are the executives of The School For Strings Inc and what are their salaries?
The average compensation at The School For Strings Inc during 2024 was $4,345. There are 34 employees at The School For Strings Inc.
Here are 9 key members and their salaries:
- Compensation: $147,741
- Related: $0
- Other: $20,620
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.schoolforstrings.org
Where can I find the form 990 for The School For Strings Inc?
The School For Strings Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.schoolforstrings.org
Learn more at the official website: www.schoolforstrings.org
Mission Statement of The School For Strings Inc
The School for Strings Inc is committed to providing music students with the essential facilities, equipment, and instructors needed to nurture and enhance their musical talents. This nonprofit organization's mission is to create an environment that fosters the growth and development of aspiring musicians, offering them the necessary resources and guidance to reach their full potential. By offering these facilities, equipment, and instructors, The School for Strings Inc aims to contribute to the music community and inspire future generations of musicians. During the year ending August 31, 2022, the nonprofit served 265 students and 32 instructors through its program.
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Impact
July, 2024
The School for Strings Inc has made a significant impact by providing music students with the necessary facilities, equipment, and instructors to help develop and enhance their musical talents. In the year ended August 31, 2022, the program served 265 students and had 32 instructors actively participating. This commitment to nurturing musical talents demonstrates the organization's dedication to fostering a vibrant arts community in New York, NY.
This information is meant to be a general summary of The School For Strings Inc. 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 2024.
- Investment Income: $384,788
- Program Service Revenue: $1,166,940
- Gross Receipts: $5,472,119
Assets and Liabilities:
- Total Assets: $12,108,681
- Total Liabilities: $131,381
- Net Assets: $11,977,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$1,151,192
OTHER INCOME
Revenue
$13,943
INSTRUMENT AND MATERIAL SALES
Revenue
$1,805
Organization Details
Founding Year
1975
Principal Officer
Alexander Yudkovsky
Website
www.schoolforstrings.orgNTEE Category
Code: A6E0 - Arts
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