Civic Intelligence

Bloomingdale School of Music

EIN 13-2562192 • 501(c)3 • New York, NY

Profile

The Bloomingdale School of Music's primary exempt purpose is to provide access to high-quality music services at a reasonable cost, primarily to the residents of New York City, regardless of economic status, ability level, ethnicity, or religious affiliation.

323 West 108th StreetNew York, NY 10025

www.bsmny.org

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.22x

Higher debt load relative to assets than 73% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Net Margin

50th percentile

5.3%

Higher net margin than 50% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

88th percentile

$159,560

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

NTEE A • $1M-$5M nonprofits • Source year 2025

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

45%

Faster revenue growth than 77% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$2,003,874

Down $744,381 (-27%) from 2023

Liabilities

Down

$339,797

Down $31,479 (-8.5%) from 2023

Net Assets

Down

$1,664,077

Down $712,902 (-30%) from 2023

Operations
Liabilities / Revenue59th percentileNet Margin50th percentile

Revenue

Down

$2,598,278

Down $624,369 (-19%) from 2023

Expenses

Up

$3,336,265

Up $447,930 (+16%) from 2023

Net Income

Down

-$737,987

Down $1,072,299 (-321%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,045,570Liabilities 2011: $175,875Net Assets 2011: $869,6952011Assets 2012: $927,431Liabilities 2012: $240,591Net Assets 2012: $686,8402012Assets 2013: $935,610Liabilities 2013: $252,942Net Assets 2013: $682,6682013Assets 2014: $930,931Liabilities 2014: $243,298Net Assets 2014: $687,6332014Assets 2015: $1,050,927Liabilities 2015: $293,672Net Assets 2015: $757,2552015Assets 2016: $1,179,605Liabilities 2016: $330,722Net Assets 2016: $848,8832016Assets 2017: $1,215,873Liabilities 2017: $346,658Net Assets 2017: $869,2152017Assets 2018: $1,168,461Liabilities 2018: $289,753Net Assets 2018: $878,7082018Assets 2019: $1,328,713Liabilities 2019: $291,117Net Assets 2019: $1,037,5962019Assets 2020: $1,650,136Liabilities 2020: $436,706Net Assets 2020: $1,213,4302020Assets 2021: $1,994,044Liabilities 2021: $417,198Net Assets 2021: $1,576,8462021Assets 2022: $2,315,743Liabilities 2022: $296,671Net Assets 2022: $2,019,0722022Assets 2023: $2,748,255Liabilities 2023: $371,276Net Assets 2023: $2,376,9792023Assets 2024: $2,003,874Liabilities 2024: $339,797Net Assets 2024: $1,664,0772024

Highlighted filing

2024

Assets$2,003,874
Liabilities$339,797
Net Assets$1,664,077
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,572,4102011Expenses 2012: $1,553,3002012Revenue 2013: $1,509,267Expenses 2013: $1,525,189Net Income 2013: -$15,9222013Revenue 2014: $1,460,920Expenses 2014: $1,492,206Net Income 2014: -$31,2862014Revenue 2015: $1,625,943Expenses 2015: $1,560,849Net Income 2015: $65,0942015Revenue 2016: $2,059,403Expenses 2016: $1,965,820Net Income 2016: $93,5832016Revenue 2017: $2,063,197Expenses 2017: $2,072,208Net Income 2017: -$9,0112017Revenue 2018: $2,180,774Expenses 2018: $2,185,505Net Income 2018: -$4,7312018Revenue 2019: $2,426,389Expenses 2019: $2,280,265Net Income 2019: $146,1242019Revenue 2020: $2,475,814Expenses 2020: $2,404,372Net Income 2020: $71,4422020Revenue 2021: $2,380,481Expenses 2021: $2,114,543Net Income 2021: $265,9382021Revenue 2022: $3,008,035Expenses 2022: $2,436,214Net Income 2022: $571,8212022Revenue 2023: $3,222,647Expenses 2023: $2,888,335Net Income 2023: $334,3122023Revenue 2024: $2,598,278Expenses 2024: $3,336,265Net Income 2024: -$737,9872024

Highlighted filing

2024

Revenue$2,598,278
Expenses$3,336,265
Net Income-$737,987
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,003,874
Liabilities
$339,797
Net assets
$1,664,077
Revenue
$2,598,278
Expenses
$3,336,265
Net income
-$737,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.00$0.34$1.66$2.60$3.34$0.74
2023Detailed filing. Detailed filing data is available for this year.$2.75$0.37$2.38$3.22$2.89$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.30$2.02$3.01$2.44$0.57
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.42$1.58$2.38$2.11$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.44$1.21$2.48$2.40$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.29$1.04$2.43$2.28$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.29$0.88$2.18$2.19$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.35$0.87$2.06$2.07$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.33$0.85$2.06$1.97$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.29$0.76$1.63$1.56$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.24$0.69$1.46$1.49$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.25$0.68$1.51$1.53$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.24$0.69$1.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.18$0.87$1.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 4, 2025
Return Version
2023v6.0
Gross Receipts
$2,977,451
Mission and Program Overview

Mission

To provide access to high-quality music education for anyone who seeks it, regardless of economic status, ability level, race, ethnicity, sexual orientation, or religious affiliation.

To provide access to high-quality music education for anyone who seeks it, regardless of economic status, ability level, race, ethnicity,sexual orientation, or religious affiliation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$887,028$1,025,525▲ $138,497
Investments in Publicly Traded Securities$1,095,378$689,872▼ $405,506
Pledges and Grants Receivable$279,051$187,100▼ $91,951
Prepaid Expenses and Deferred Charges$48,536$43,770▼ $4,766
Cash and Non-Interest-Bearing Accounts$378,978$31,722▼ $347,256
Accounts Receivable$59,284$25,885▼ $33,399
Total Assets$2,748,255$2,003,874▼ $744,381
Liabilities
Deferred Revenue$214,332$206,813▼ $7,519
Accounts Payable and Accrued Expenses$93,447$82,327▼ $11,120
Other Liabilities$23,374$25,876▲ $2,502
Unsecured Notes Loans Payable$40,123$24,781▼ $15,342
Total Liabilities$371,276$339,797▼ $31,479
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,569,227$1,152,137▼ $417,090
Net Assets With Donor Restrictions$807,752$511,940▼ $295,812
Total Net Assets Fund Balance$2,376,979$1,664,077▼ $712,902
Total Liabilities and Net Assets / Fund Balance$2,748,255$2,003,874▼ $744,381

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$401,127$922,643$1,323,770
Leasehold Improvements$582,188$113,592$695,780
Other Land Buildings$11,323$187,804$199,127
Equipment$20,840$101,258$122,098
Land$10,047-$10,047

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$404,115-▲ $59,825$17,000$446,940
2022$375,564-▲ $44,180$15,629$404,115
2021$434,868-▼ $59,304-$375,564
2020$355,290-▲ $95,517$15,939$434,868
2019$353,917-▲ $17,873$16,500$355,290
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erika M AtkinsExecutive DirectorFT$142,919$12,035$154,954
Brandon VazquezSenior Director of OperatiFT$115,919$3,375$119,294

Board Members and Trustees

NameTitle
Catherine MckenzieEvent Chair
Jake CintiFacilities Chair
Andrea GuralGovernance Co-chair
Patrice JeanGovernance Co-chair
Melissa SchoonveldStrategy & Capacity Chair
Ken MichaelsPresident
Bradley KulmanVice President/audit Chair
Burton KassellBoard Member
Fenney KuoBoard Member
Jean Marie De VeauxBoard Member
Jerry PhelpsBoard Member
Joe MangrumBoard Member
Juliana ZhangBoard Member
Kristin Booth GlenBoard Member
Margaret WilliamsBoard Member
Ruth LevineBoard Member
Sarah PaulBoard Member
Suzy SteinBoard Member
Wayne AgardBoard Member
Sherry GliedSecretary
Paul NessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$752,308
Program Service Revenue
$1,685,442
Investment Income
$68,916
Other Revenue
$91,612
All Other Contributions
$408,870
Change in Net Assets
$-737,987

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$39,603Fair Market Value (FMV)
Total Noncash Contributions7$39,603-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,300,254
Revenue Not Reported on Financial Statements
$298,024
Revenue Not Reported on Form 990
$25,085
Other Revenue Adjustments
$298,024
Total Revenue per Audited Statements
$2,325,339
Total Revenue per Form 990
$2,598,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,335,467
Other Expenses$672,774
Total Fundraising Expense$366,026
Grants and Similar Amounts Paid$298,024
Professional Fundraising Fees$30,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,416,103$287,140$171,806$1,875,049
Grants to Domestic Individuals$298,024--$298,024
Depreciation Depletion$134,363$35,332$18,306$188,001
Current Officers, Directors, Trustees, and Key Employees$48,934$57,089$57,089$163,112
Payroll Taxes$106,011$24,664$16,299$146,974
Office Expenses$87,691$36,430$12,029$136,150
Other Employee Benefits$97,788$19,796$11,827$129,411
Occupancy$69,554$16,182$10,693$96,429
Fees for Services Other$7,719$36,091$1,187$44,997
Insurance$23,663$6,222$3,224$33,109
Other Expenses$91,314-$31,600$31,600
Fees for Services Professional Fundraising--$30,000$30,000
Advertising-$28,070-$28,070
Pension Plan Contributions$15,714$3,241$1,966$20,921
Fees for Services Accounting-$20,000-$20,000
Fees for Services Legal-$2,279-$2,279
Interest-$825-$825
Total Functional Expenses$2,396,878$573,361$366,026$3,336,265

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,336,265
Expenses per Audited Statements$3,038,241
Total Expenses per Audited Statements$3,038,241
Expenses Not Reported on Financial Statements$298,024
Other Expense Adjustments$298,024
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$30,000
Fundraising Direct Expenses$19,001
Fundraising Gross Income$19,001

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Benefit$117,588$17,556$14,060$3,496
Performathon$42,810$1,445-$1,445
Total Events$165,939$19,001$19,001$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Payable$25,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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, Section B, Line 11B

“Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.”

Form 990, Part VI, Section B, Line 15A

“Compensation of the executive director is determined by the executive committee of the board of directors, using performance evaluation, salary history and comparison to compensation of the executive director's of comparable institution as reported on their 990 tax returns.”

Form 990, Part VI, Section C, Line 19

“Organizational documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Bloomingdale School of Music
EIN
13-2562192
Phone
2126636021
Address
323 WEST 108TH STREET, NEW YORK, NY 10025

Signing Officer

Name
Erika M Atkins
Title
Executive Director
Phone
2126636021
Signed
2025-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erika M Atkins
Formed
1966
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
21
Employees
110
Volunteers
39

Preparer

Firm
Sax Llp
Address
389 INTERPACE PARKWAY STE 3, PARSIPPANY, NJ 07054
Preparer
Marqus White
Phone
9734726250
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Over the years, the school received donations totaling $330,000 that were restricted by donors and are required to be held in perpetuity. Earnings on the endowment are to be used for scholarships and general operations.”

PART X, LINE 2:

“The school does not believe its financial statements include any uncertain tax positions. Tax filings for periods ending june 30, 2021 and later are subject to examination by applicable taxing authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIP 298,024.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS 298,024.”

Raw XML AppendixShowing 400 of 675 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO PROVIDE ACCESS TO HIGH-QUALITY MUSIC EDUCATION FOR ANYONE WHO SEEKS IT, REGARDLESS OF ECONOMIC STATUS, ABILITY LEVEL, RACE, ETHNICITY,SEXUAL ORIENTATION, OR RELIGIOUS AFFILIATION.
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IRS990/Desc0FOR NEARLY 60 YEARS AT BLOOOMINGDALE, OUR CORE COMMUNITY HAS STRETCHED FROM W. 86TH STREET TO W. 125TH STREET, FROM CENTRAL PARK TO THE HUDSON RIVER, WHILE OUR SIGNATURE SCHOLARSHIP PROGRAMS DRAW FROM FOUR OF THE BOROUGHS OF NYC. OUR STUDENTS COME FROM AREAS AS CLOSE AS NEXT DOOR AND AS FAR AS BROOKLYN AND THE BRONX. ADDITIONALLY, WITH ONLINE PROGRAMMING, WE'VE BEEN ABLE TO EXTEND OUR REACH AS FAR AS UPSTATE NEW YORK AND JAPAN. OUR FAMILIES FORM A NETWORK, HELPING THEIR LOVED ONES GET TO AND FROM LESSONS, ENCOURAGING REGULAR PRACTICE, ATTENDING OUR COMMUNITY CONCERTS, AND ENJOYING THEIR OWN MUSICAL EXPERIENCE THROUGH BLOOMINGDALE.CONTINUTED ON SCHEDULE OBSM'S AFTER SCHOOL AND WEEKEND PROGRAM PROVIDES PRIVATE AND GROUP INSTRUCTION TO APPROXIMATELY 650 STUDENTS OF ALL AGES WEEKLY ON MORE THAN 20 INSTRUMENTS, INCLUDING CELLO, CLARINET, FLUTE, GUITAR, PERCUSSION, PIANO, SAXOPHONE, TROMBONE, VIOLIN, AND VOICE, AS WELL AS SEVERAL ENSEMBLE OPPORTUNITIES. ADDITIONALLY, THE PROGRAM OFFERS AN EARLY CHILDHOOD TRACK, WITH VARIOUS CLASSES UTILIZING DALCROZE AND ORFF APPROACHES FOR CHILDREN AGED 3 MONTHS TO 6 YEARS. BSM'S FACULTY IS COMPRISED OF EXEMPLARY INSTRUCTORS, COACHES, AND MENTORS, WITH 80% HOLDING ADVANCED DEGREES IN MUSIC. THE MUSIC ACCESS PROJECT (MAP) IS A FULL SCHOLARSHIP, MULTI-YEAR PRE-COLLEGE CONSERVATORY TRAINING PROGRAM FOR TALENTED LOW-INCOME AND UNDERSERVED STUDENTS. ANNUALLY, MAP SERVES BETWEEN 15 TO 20 STUDENTS SELECTED BY AUDITION. STUDENTS RECEIVE A COMPREHENSIVE MUSIC EDUCATION INCLUDING A 60-MINUTE PRIVATE LESSON, 90-MINUTE CHAMBER MUSIC COACHING, WEEKLY ORCHESTRA OR JAZZ ENSEMBLE REHEARSAL, THEORY CLASSES, AND SPECIAL MONTHLY WORKSHOPS. ROUGHLY 200 MAP ALUMNI HAVE GRADUATED THE PROGRAM AND 98% HAVE GONE ON TO STUDY AT THE COLLEGE LEVEL, MANY FINDING WORK AS PROFESSIONAL MUSICIANS, ARTS ADMINISTRATORS, AND MUSIC TEACHERS IN THE NEW YORK CITY PUBLIC SCHOOL SYSTEM. PROJECT BRIDGE IS A PROGRAM THAT AIMS TO SUPPORT NYC PUBLIC SCHOOL STUDENTS AND TEACHERS IN EXISTING INSTRUMENTAL PROGRAMS IN SECONDARY SCHOOLS. PARTICIPATING STUDENTS RECEIVE A FREE WEEKLY 45-MINUTE PRIVATE INSTRUMENT LESSON THROUGHOUT THE YEAR AT BLOOMINGDALE. INSTRUCTION IS DESIGNED TO REINFORCE AND SUPPORT THE WORK BEING DONE BY THE PUBLIC SCHOOL TEACHER. PB SERVES BETWEEN 10-15 STUDENTS ANNUALLY. THE PROFESSIONAL TRAINING PROGRAM IS A ONE TO THREE YEAR INTENSIVE PROGRAM DESIGNED FOR YOUNG PIANISTS WHO ARE INTERESTED IN EVENTUALLY ATTENDING A PRE-COLLEGE MUSIC PROGRAM SUCH AS BSM'S MUSIC ACCESS PROJECT. STUDENTS RECEIVE WEEKLY PRIVATE INSTRUCTIONS, CHAMBER ENSEMBLE OPPORTUNITIES, MUSIC THEORY CLASSES, AND PERFORMANCE COURSES THROUGHOUT THE YEAR. BSM'S FREE FACULTY CONCERT SERIES PRESENTS 20 TO 25 FREE CONCERTS EACH YEAR, SERVING AUDIENCES OF OVER 1,000 PEOPLE PER YEAR. THESE CONCERTS, CURATED AND PERFORMED BY BSM'S FACULTY OF PROFESSIONAL MUSICIANS, OFFER A RICH VARIETY OF FREE, HIGH-QUALITY PERFORMANCES THAT ARE ENTERTAINING AND INFORMATIVE, PRESENTING A WIDE RANGE OF MUSICAL STYLES AND TRADITIONS. CONCERTS ARE HOSTED FREE OF CHARGE AT BSM'S HOME ON WEST 108TH STREET, ALLOWING ANYONE IN NYC TO EXPERIENCE LIVE MUSIC IN AN INTIMATE COMMUNITY SETTING. BLOOMINGDALE TRAINING PROGRAM: BLOOMINGDALE TRAINING PROGRAM (BTP) IS A COMPREHENSIVE MUSIC EDUCATION PROGRAM WITH BOTH PIANO AND GUITAR TRACKS. IT IS AN INTENSIVE PROGRAM DESIGNED FOR STUDENTS AGES 8 TO 17 WHO ARE INTERESTED IN MAKING THE MOST OF THEIR MUSIC EDUCATION BY ENHANCING THEIR PRIVATE LESSON STUDIES WITH CHAMBER MUSIC, THEORY, AND OTHER SPECIAL EVENTS. BTP AIMS TO STRENGTHEN STUDENTS' MUSICAL ABILITIES AND PROVIDE THEM WITH THE REQUIRED TOOLS TO PUSH THEM TO THE NEXT LEVEL OF ACHIEVEMENT. THE BLOOMINGDALE STUDENT NEW MUSIC PROJECT IS A SERIES OF COMMISSIONS, COLLABORATIONS, WEB FEATURES, AND PERFORMANCE THAT PROMOTES THE PROCESS OF CREATING ORIGINAL MUSIC AMONG CHILDREN. THE PROJECT COMMISSIONS A PROFESSIONAL COMPOSER TO CREATE NEW WORKS FOR CHILDREN; IN ADDITION, YOUNG COMPOSERS AT BLOOMINGDALE,
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