Civic Intelligence

Manhattan School of Music

EIN 13-1656667 • 501(c)3 • New York, NY

Profile

Manhattan school of music is a college conservatory providing education to approximately (900) college students and (450) precollege students. For more information, see schedule o.

Refreshing map…

130 Claremont AvenueNew York, NY 10027

www.msmnyc.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.22x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.30x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

57th percentile

7.1%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$999,513

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

42nd percentile

4.1%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

8.3%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$113,664,713

Up $4,510,998 (+4.1%) from 2023

Liabilities

Down

$24,492,543

Down $2,908,355 (-11%) from 2023

Net Assets

Up

$89,172,170

Up $7,419,353 (+9.1%) from 2023

Revenue

Up

$81,759,847

Up $6,274,173 (+8.3%) from 2023

Expenses

Up

$75,957,069

Up $3,898,361 (+5.4%) from 2023

Net Income

Up

$5,802,778

Up $2,375,812 (+69%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $87,634,740Liabilities 2011: $46,304,736Net Assets 2011: $41,330,0042011Assets 2012: $88,780,408Liabilities 2012: $45,503,518Net Assets 2012: $43,276,8902012Assets 2013: $90,608,224Liabilities 2013: $43,529,284Net Assets 2013: $47,078,9402013Assets 2014: $91,381,884Liabilities 2014: $41,966,078Net Assets 2014: $49,415,8062014Assets 2015: $88,635,211Liabilities 2015: $39,873,331Net Assets 2015: $48,761,8802015Assets 2016: $89,181,184Liabilities 2016: $40,517,106Net Assets 2016: $48,664,0782016Assets 2017: $93,875,327Liabilities 2017: $38,700,690Net Assets 2017: $55,174,6372017Assets 2018: $99,466,542Liabilities 2018: $39,971,166Net Assets 2018: $59,495,3762018Assets 2019: $110,314,806Liabilities 2019: $43,339,312Net Assets 2019: $66,975,4942019Assets 2020: $105,386,278Liabilities 2020: $35,845,741Net Assets 2020: $69,540,5372020Assets 2021: $110,734,113Liabilities 2021: $32,623,696Net Assets 2021: $78,110,4172021Assets 2022: $105,549,493Liabilities 2022: $27,455,943Net Assets 2022: $78,093,5502022Assets 2023: $109,153,715Liabilities 2023: $27,400,898Net Assets 2023: $81,752,8172023Assets 2024: $113,664,713Liabilities 2024: $24,492,543Net Assets 2024: $89,172,1702024

Highlighted filing

2024

Assets$113,664,713
Liabilities$24,492,543
Net Assets$89,172,170

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2011: $34,784,6682011Expenses 2012: $44,262,2942012Revenue 2013: $47,591,722Expenses 2013: $45,468,443Net Income 2013: $2,123,2792013Revenue 2014: $45,278,950Expenses 2014: $45,650,357Net Income 2014: -$371,4072014Revenue 2015: $47,924,489Expenses 2015: $48,465,678Net Income 2015: -$541,1892015Revenue 2016: $56,742,328Expenses 2016: $53,662,004Net Income 2016: $3,080,3242016Revenue 2017: $61,189,985Expenses 2017: $56,575,804Net Income 2017: $4,614,1812017Revenue 2018: $64,053,293Expenses 2018: $59,581,789Net Income 2018: $4,471,5042018Revenue 2019: $68,728,197Expenses 2019: $61,993,183Net Income 2019: $6,735,0142019Revenue 2020: $62,350,013Expenses 2020: $61,549,496Net Income 2020: $800,5172020Revenue 2021: $63,876,459Expenses 2021: $58,511,188Net Income 2021: $5,365,2712021Revenue 2022: $72,520,806Expenses 2022: $66,385,344Net Income 2022: $6,135,4622022Revenue 2023: $75,485,674Expenses 2023: $72,058,708Net Income 2023: $3,426,9662023Revenue 2024: $81,759,847Expenses 2024: $75,957,069Net Income 2024: $5,802,7782024

Highlighted filing

2024

Revenue$81,759,847
Expenses$75,957,069
Net Income$5,802,778

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$24.5$89.2$81.8$76.0$5.80
2023Detailed filing. Detailed filing data is available for this year.$109$27.4$81.8$75.5$72.1$3.43
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$106$27.5$78.1$72.5$66.4$6.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$32.6$78.1$63.9$58.5$5.37
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$35.8$69.5$62.4$61.5$0.80
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$43.3$67.0$68.7$62.0$6.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.5$40.0$59.5$64.1$59.6$4.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.9$38.7$55.2$61.2$56.6$4.61
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.2$40.5$48.7$56.7$53.7$3.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$88.6$39.9$48.8$47.9$48.5$0.54
2014Detailed filing. Detailed filing data is available for this year.$91.4$42.0$49.4$45.3$45.7$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.6$43.5$47.1$47.6$45.5$2.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.8$45.5$43.3$44.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.6$46.3$41.3$34.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$84,391,734
Mission and Program Overview

Mission

Manhattan school of music is a college conservatory providing education to approximately 960 college students and 475 precollege students. Manhattan school of music is deeply committed to excellence in education, performance, and creative activity; to the humanity of the school's environment; and to the cultural enrichment of the larger community. A premiere international conservatory, msm inspires and empowers highly talented individuals to realize their potential. We take full advantage of new york's abundant learning and performance opportunities, preparing our students to be accomplished and passionate performers, composers and teachers, and imaginative, effective contributors to the arts and society.

Manhattan school of music is a college conservatory providing education to approximately 1,020 college students and 515 precollege students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,601,894$62,340,103▼ $261,791
Investments in Publicly Traded Securities$32,435,536$35,818,786▲ $3,383,250
Savings and Temporary Cash Investments$1,799,394$8,152,505▲ $6,353,111
Pledges and Grants Receivable$3,316,458$4,997,100▲ $1,680,642
Investments Other Securities$370,694$890,521▲ $519,827
Prepaid Expenses and Deferred Charges$1,803,882$876,666▼ $927,216
Cash and Non-Interest-Bearing Accounts$6,733,780$458,118▼ $6,275,662
Investments Program Related$92,077$130,914▲ $38,837
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors-$0-
Total Assets$109,153,715$113,664,713▲ $4,510,998
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$21,045,751$18,391,783▼ $2,653,968
Accounts Payable and Accrued Expenses$5,353,207$3,988,044▼ $1,365,163
Deferred Revenue$882,117$2,009,564▲ $1,127,447
Other Liabilities$119,823$103,152▼ $16,671
Total Liabilities$27,400,898$24,492,543▼ $2,908,355
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,686,836$47,514,182▲ $1,827,346
Net Assets With Donor Restrictions$36,065,981$41,657,988▲ $5,592,007
Total Net Assets Fund Balance$81,752,817$89,172,170▲ $7,419,353
Total Liabilities and Net Assets / Fund Balance$109,153,715$113,664,713▲ $4,510,998

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$53,983,425$50,600,791$104,584,216
Equipment$4,490,125$7,096,299$11,586,424
Other Land Buildings$2,626,553$4,927,845$7,554,398
Land$1,240,000-$1,240,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$32,803,185$2,440,801▲ $2,946,293$1,506,000$36,684,279
2022$32,218,181$1,677,924▲ $1,863,080$2,956,000$32,803,185
2021$34,868,555$3,376,769▼ $4,572,350$1,454,793$32,218,181
2020$27,344,576$4,019,456▲ $4,902,839$1,398,316$34,868,555
2019$29,825,220$264,334▼ $1,380,061$1,364,917$27,344,576
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James GandreTrustee, Ex-officio, School President (refer to Schedule J)FT$483,690$515,823$999,513
Joyce L GriggsExecutive Vice President and Provost (refer to Schedule J)FT$299,535$58,031$357,566
Susan a MaddenVice President for Advancement (refer to Schedule J)FT$293,045$57,394$350,439
Melissa Cocco-fernandesVice President for Enrollment Services (refer to Schedule J)FT$224,531$72,847$297,378
Jeffrey BreithauptVice President for Media and Communications (refer to Schedule J)FT$173,846$70,770$244,616
Carol MatosVice President for Administration and Human Relations (refer to Schedule J)FT$182,210$54,297$236,507
Carleen R GrahamDean of Vocal Arts (refer to Schedule J)FT$185,634$47,667$233,301
Madeline K LucasDean of Performance and Production Operations (refer to Schedule J)FT$156,550$63,450$220,000
Ingrid L JensenDean of Jazz Arts (refer to Schedule J)FT$158,750$51,403$210,153
Jonathan T KaneDean of Instrumental Studies and Orchestral Performance (refer to Schedule J)FT$168,100$38,688$206,788
Liza M Gennaro-evansDean of Musical Theatre (refer to Schedule J)FT$167,487$34,699$202,186
Nathan J MortimerInterim Senior Vice President and CFO (refer to Schedule J)FT$173,302$22,250$195,552
Rosina BarbaSenior Vice President and CFO (term. 10/23) (refer to Schedule J)FT$159,927$4,534$164,461
Nicholas MannTrustee, FacultyFT$77,698$70,813$148,511
Delano CopprueTrustee, FacultyFT$83,637$47,962$131,599
Leonard SlatkinTrustee-$30,534-$30,534

Board Members and Trustees

NameTitle
Lorraine GallardTrustee, Chair
David G KnottTrustee, Vice Chair
Angel SosaTrustee
Anthony Roth CostanzoTrustee
Bebe NeuwirthTrustee
Bernie WilliamsTrustee
Han Jo KimTrustee
Kishore BallalTrustee
Paul SchnellTrustee
Scott DunnTrustee
Shalini VijayanTrustee
Susan EnnisTrustee
Terrence BlanchardTrustee
WILLIAM O'CONNORTrustee
Yvonne TsaoTrustee
Eric GronningsaterTrustee (term. 5/24)
Noemi K NeidorffTrustee, Secretary
Nancy Freund HellerTrustee, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Your Part-time Controller LLCAccountingPO Box 7247, Mail Code 7123, Philadelphia, PA 19170-0001$554,913
Complete Mechanical Solutions LLCMechanicalAccounts Receivable, PO Box 832, Montville, NJ 07045$242,448
Neeraj KumarIT Consulting157 Regency Dr, Suite 1000, Bartlett, IL 60103$174,003
Crowe LLPAuditing and TaxPO Box 71570, Chicago, IL 60694-1570$157,875
Husch Blackwell LLPLegal4801 Main St, Kansas City, MO 64112$127,884
Revenue and Support

Revenue Composition

Contributions and Grants
$7,985,598
Program Service Revenue
$71,019,683
Investment Income
$1,983,313
Other Revenue
$771,253
All Other Contributions
$7,072,088
Change in Net Assets
$5,802,778

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded14$193,850Market value
Collectibles8$176,000Market value
Works of Art2$10,561Selling cost
Other Non Cash Contri Table1$2,213Cost
Total Noncash Contributions25$382,624-

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,452,653
Revenue Not Reported on Financial Statements
$23,307,194
Revenue Not Reported on Form 990
$1,616,576
Other Revenue Adjustments
$23,168,178
Total Revenue per Audited Statements
$60,069,229
Total Revenue per Form 990
$81,759,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,839,408
Grants and Similar Amounts Paid$23,558,512
Other Expenses$17,559,149
Total Fundraising Expense$1,362,132
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,469,926$2,043,787$461,999$24,975,712
Grants to Domestic Individuals$23,558,512--$23,558,512
Other Employee Benefits$3,027,727$526,105$148,869$3,702,701
Occupancy$3,226,177$216,007$41,808$3,483,992
Depreciation Depletion$3,206,824$214,712$41,557$3,463,093
Office Expenses$1,960,813$894,556$124,867$2,980,236
Current Officers, Directors, Trustees, and Key Employees$631,532$1,979,165$349,106$2,959,803
Payroll Taxes$1,607,574$361,506$46,145$2,015,225
Fees for Services Other$1,538,750$445,816$25,291$2,009,857
Pension Plan Contributions$1,088,255$74,109$23,603$1,185,967
Information Technology$1,107,557$61,598$11,922$1,181,077
Fees for Services Accounting-$834,904-$834,904
Interest$580,029$40,728$7,517$628,274
Other Expenses$1,040,524$611,684-$611,684
Insurance$307,219$20,570$3,981$331,770
Fees for Services Legal-$301,706-$301,706
Travel$150,271$89,131$6,997$246,399
Advertising-$165,634-$165,634
Conferences and Meetings$37,729$34,784$68,470$140,983
Fees for Service Investment Mgmnt Fees-$139,016-$139,016
Total Functional Expenses$65,539,419$9,055,518$1,362,132$75,957,069

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$75,957,069
Total Expenses per Audited Statements$52,649,875
Expenses per Audited Statements$52,259,541
Expenses Not Reported on Financial Statements$23,697,528
Other Expense Adjustments$23,558,512
Expenses Not Reported on Form 990$390,334
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$254,122
Fundraising Gross Income$111,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$688,411$111,775$6,075$105,700
Event 2-$0-$0
Total Events$688,411$111,775$254,122$-142,347
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US government grants payable$103,152
Asset retirement obligation-

Bond Issues

BondIssuerIssuedIssue PricePurpose
ATrust for Cultural Resources of the City of Ny2014-10-30$35,670,000Series 2009A - REFUNDING REV BONDS.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$35,670,000$35,219,514$17,151,000$450,486

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 12B CONFLICT OF INTEREST DISCLOSURE

Msm normally provides annual conflict of interest forms to officers, directors, and trustees, but does not utilize a formal, annual process for key employees to disclose such conflicts of interest. Thereby, part vi, secton b, line 12b is answered "no." for fiscal year 2023-2024.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The executive committee shall be composed of no fewer than five trustees and shall include the chair of the board. The executive committee shall have and may exercise the powers and authority of the board to the fullest extent permitted by applicable law and the organization's bylaws between meetings of the board (including during any regular meeting of the board at which a quorum is not present). The executive committee shall hear appeals arising out of any procedure that provides for an appeal to the board or a committee thereof.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Once executive management, including the senior vice president and chief financial officer, review the form 990, it is reviewed with the audit & risk committee and accepted by the audit & risk committee. Lastly, form 990 is provided to the board of trustees prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

Each covered person shall disclose to the chair of the governance and nominations committee the existence of any circumstance not previously disclosed to the board which such person or family member reasonably believes to constitute, or appear to constitute, a private financial or other personal interest, together with all related material facts. A covered person is a trustee, officer, and key person of the school. In the event that the chair of the governance and nominations committee is the covered person with a potential conflicting interest, the chair shall report same to the chair of the board who serves ex officio on the governance and nominations committee. If any trustee or officer of the school has reason to believe that any covered person at the school has an undisclosed financial interest of the sort described above, he or she shall inform the chair of the governance and nominations committee who shall afford the person whose interest has been questioned the opportunity to disclose and explain the circumstances. Any determination of a conflict of interest shall be reported to the board of trustees at its next regular meeting, or, at the option of the chair of the governance and nominations committee, to the executive commiitttee within 5 days of such determination. The affected person shall be informed of any decision on a prompt basis.however, in no circumstance shall a covered person attempt to improperly influence any deliberations regarding a potential, or actual, conflict of interest with respect to the covered person. The covered person must leave any meeting during the discussion of, and the vote on, any relevant matters. Appropriate minutes of all deliberations shall be kept, including the written report of the chair or governance and nominations committee, and shall be filed with the books and records of the school by the secretary of the board. On an annual basis, the secretary of the board shall deliver, or cause to be delivered, a copy of this policy to each trustee, officer, and president's council member of the school, and shall be responsible for the delivery of the policy to each person who shall hereafter fill such a position. The president of the school shall be responsible for advising the secretary of the identity of all such persons. Additionally, the chair of the governance and nominations committee shall, on an annual basis at a duly constituted board of trustees meeting, review the purposes and procedures outlined above.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Compensation provided to the school's most senior executive, the president, is determined through a process which follows the rebuttable presumption of reasonableness standard. The board of trusteee's compensation committee reviews the president's compensation to like positions at comparable organizations to determine appropriate compensation. The review of the compensation committee is contemporaneously documented in committee minutes. A compensation study was most recently conducted during 2024 by the firm jer hr group which was delivered to the school on june 18, 2024.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Compensation paid to the school's other officers or key employees is determined through a process which follows the rebuttable presumption of reasonableness standard. The board of trusteee's compensation committee reviews the other officers or key employees' compensation to like positions at comparable organizations to determine appropriate compensation. The review of the compensation committee is contemporaneously documented in committee minutes. A compensation study was most recently conducted during 2024 by the firm jer hr group which was delivered to the school on june 18, 2024.

Form 990, Part VI, Line 19 Required documents available to the public

The organization will provide copies of its governing documents, conflict of interest policy and financial statements to the general public upon written requests.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Bundy Aid - Total Revenue: 30120, Related or Exempt Function Revenue: 30120, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Other - Total Revenue: 405194, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 405194;

Filing and Contact Details

Filer

Filer Name
Manhattan School of Music
EIN
13-1656667
Phone
2127492802
Address
130 CLAREMONT AVENUE, NEW YORK, NY 10027

Signing Officer

Name
Nathan J Mortimer
Title
Interim Senior VP and CFO
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
1920
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
17
Employees
1,570
Volunteers
18

Preparer

Firm
Crowe Llp
Address
485 Lexington Avenue Floor 11, New York, NY 10017-2619
Preparer
Rachel Spurlock
Phone
2125725500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 885,991 including grants of $ 0)(Revenue $ 352,485) OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING ACTIVITIES: ORTO CENTER FOR DISTANCE LEARNING AND RECORDING ARTS: MANHATTAN SCHOOL OF MUSIC LAUNCHED ITS GROUNDBREAKING DISTANCE LEARNING PROGRAM IN 1996, THE FIRST OF ITS KIND AT A MAJOR CONSERVATORY. SINCE THEN, USING STATE-OF-THE-ART INTERACTIVE VIDEO CONFERENCE TECHNOLOGY, THE ORTO CENTER HAS DEVELOPED PROGRAMS THAT CONNECT STUDENTS, EDUCATORS, AND DISTINGUISHED ARTISTS AROUND THE GLOBE AND ENHANCE THE CURRICULUM AVAILABLE TO MSM STUDENTS. ADDITIONALLY, HUNDREDS OF LIVESTREAMED CONCERTS AND MASTER CLASSES, FEATURING MSM STUDENT ENSEMBLES AND ACCLAIMED FACULTY, ATTRACT A WORLDWIDE AUDIENCE EACH YEAR. MSM DISTANCE LEARNING'S AWARD-WINNING PROGRAMS INCLUDE THE "MASTERS AT MANHATTAN ONLINE" SERIES FOR HIGHER EDUCATION AND THE "MUSIC BRIDGES" SERIES FOR K-12 AND LIFELONG LEARNERS. THESE INTERACTIVE SERIES ARE MADE UP OF MASTER CLASSES, PRIVATE INSTRUCTION, SEMINARS, AND STANDARDS-BASED CLASSICAL AND JAZZ THEMATIC PROGRAMS THAT CAN BE DELIVERED TO HIGHER-ED PEERS, K-12 CLASSROOMS, AND COMMUNITY LEARNING CENTERS. THE ORTO CENTER ALSO SUPPORTS MSM STUDENTS, FACULTY, AND STAFF IN THE USE OF DIGITAL LEARNING TOOLS, INCLUDING CANVAS, MSM'S LEARNING MANAGEMENT SYSTEM, AND KALTURA, A CAMPUS-WIDE VIDEO CONTENT MANAGEMENT SYSTEM. ORTO CENTER STAFF SUPPORT FACULTY IN THE DEVELOPMENT AND IMPLEMENTATION OF ONLINE COURSES IN BOTH SYNCHRONOUS AND ASYNCHRONOUS DELIVERY FORMATS. THE CENTER FOR CAREER READINESS & COMMUNITY IMPACT (CCRCI): THE CCRCI GUIDES MSM STUDENTS AND ALUMNI AS THEY PURSUE PERSONALLY MEANINGFUL CAREER PATHS. NAVIGATING THE EVOLVING LANDSCAPE OF A CAREER IN THE PERFORMING ARTS REQUIRES ARTISTS TO DEVELOP AND REFINE NEW SKILLS THAT WILL EXPAND AND ENHANCE BOTH THEIR CAREER OPPORTUNITIES AND THEIR IMPACT ON SOCIETY. THIS PROGRAM BRINGS HEIGHTENED RELEVANCE TO STUDENTS' EDUCATIONAL NEEDS AND REFLECTS MSM'S GOAL OF GRADUATING CULTURALLY RESPONSIVE ARTIST-CITIZENS. THE MISSION OF THE CENTER FOR CAREER READINESS & COMMUNITY IMPACT IS TO SUPPORT OUR STUDENTS' EDUCATIONAL AND PROFESSIONAL GROWTH AS THEY PURSUE PERSONALLY MEANINGFUL CAREER PATHS, TO PROVIDE EXPERIENTIAL LEARNING OPPORTUNITIES, AND TO REFLECT OUR GOAL OF GRADUATING CULTURALLY RESPONSIVE ARTIST-CITIZENS. IN ADDITION TO CAREER-ADVANCING COURSEWORK, THE PROGRAM'S HIGHLIGHTS INCLUDE: A SERIES OF ARTS PARTNERSHIPS WITH LOCAL K-12 SCHOOLS AND MEMORY CARE FACILITIES; MSM PERFORMANCES FOR VISITING SCHOOL GROUPS; TEACHING PLACEMENTS FOR CCRCI PARTICIPANTS; A DYNAMIC CALENDAR OF SETTING THE STAGE WORKSHOPS, RESOURCES FOR CURRENT STUDENTS/ALUMNI (INCLUDING THE HIRE A MUSICIAN REFERRAL SERVICE, PRIVATE TEACHER DIRECTORY, AND ONLINE OPPORTUNITIES BOARD), AND ONE-ON-ONE CAREER ADVISING. IN ADDITION, THE CCRCI CONTINUES TO OVERSEE THE NEWLY EXPANDED INTERNSHIP PROGRAM THAT OFFERS AN ARRAY OF EXPERIENTIAL LEARNING OPPORTUNITIES TO ENHANCE STUDENTS' EDUCATION.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The school follows the provisions of the new york prudent management of institutional funds act (nypmifa) in managing its donor-restricted endowment. The school has interpreted nypmifa as allowing it to appropriate for expenditure or accumulate so much of the donor-restricted endowment fund as is prudent for the uses, benefits, purposes, and duration for which the endowment fund is established, subject to the intent of the donor as expressed in the gift instrument absent explicit donor stipulations to the contrary. The school has no board-designated endowment funds. The school's investment objective is to provide that future growth of the portfolio is sufficient to offset normal inflation plus reasonable spending, thereby preserving the constant dollar value and purchasing power of the endowment fund. The objective of the investment program is to enhance the portfolio's long-term viability by maximizing the value of the portfolio with a prudent level of risk. The school has a spending policy of appropriating for distribution each year 5.0% of the investment portfolio, depending on performance of the investment portfolio as well as considering the factors included in nypmifa.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The school is exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Us gaap prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is considered more-likely-than-not to be sustained in a tax examination, with a tax examination being presumed to occur. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management believes the school does not have any tax benefits or liabilities to be recognized at june 30, 2024 and 2023. The school recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the school's exempt purpose is subject to tax under irc section 511.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Scholarships - 23558512 fundraising expenses - -254122 cost of goods sold - -136212

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising expenses - 254122 cost of goods sold - 136212

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

SCHOLARSHIPS - 23558512

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE, VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE, EX-OFFICIO, SCHOOL PRESIDENT (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE, CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE, SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE, FACULTY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE (TERM. 5/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE, FACULTY
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22INTERIM SENIOR VICE PRESIDENT AND CFO (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt23SENIOR VICE PRESIDENT AND CFO (TERM. 10/23) (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT FOR ADMINISTRATION AND HUMAN RELATIONS (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE PRESIDENT FOR MEDIA AND COMMUNICATIONS (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE VICE PRESIDENT AND PROVOST (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT FOR ENROLLMENT SERVICES (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE PRESIDENT FOR ADVANCEMENT (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt29DEAN OF VOCAL ARTS (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt30DEAN OF JAZZ ARTS (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt31DEAN OF INSTRUMENTAL STUDIES AND ORCHESTRAL PERFORMANCE (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt32DEAN OF MUSICAL THEATRE (REFER TO SCHEDULE J)
IRS990/Form990PartVIISectionAGrp/TitleTxt33DEAN OF PERFORMANCE AND PRODUCTION OPERATIONS (REFER TO SCHEDULE J)
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