Civic Intelligence

Bronx Conservatory of Music Inc

EIN 13-3580300 • 501(c)3 • New York, NY

Profile

The mission of the bronx conservatory of music ("bcm"), is to provide private music instruction of the highest quality to bronx children and adults, in their own neighborhoods, at lowest possible tuition, thereby making conservatory training accessible to all. In fulfilling this mission, bcm also seeks to develop audiences for fine music in the bronx and to contribute to the music culture of the bronx.

400 West End Ave 2BNew York, NY 10453-0376

bronxconservatory.org

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Net Margin

25th percentile

-11%

Higher net margin than 25% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$38,779

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

NTEE A • $500k-$1M nonprofits • Source year 2024

Asset Growth

53rd percentile

3.8%

Faster asset growth than 53% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-9.8%

Faster revenue growth than 28% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$905,858

Up $33,438 (+3.8%) from 2023

Liabilities

Up

$4,721

Up $3,899 (+474%) from 2023

Net Assets

Up

$901,137

Up $29,539 (+3.4%) from 2023

Revenue

Down

$312,597

Down $33,853 (-9.8%) from 2023

Expenses

Down

$347,358

Down $25,764 (-6.9%) from 2023

Net Income

Down

-$34,761

Down $8,089 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $902,851Liabilities 2018: $5,197Net Assets 2018: $897,6542018Assets 2019: $908,465Liabilities 2019: $2,835Net Assets 2019: $905,6302019Assets 2020: $834,408Liabilities 2020: $3,560Net Assets 2020: $830,8482020Assets 2021: $947,490Liabilities 2021: $20,604Net Assets 2021: $926,8862021Assets 2022: $843,717Liabilities 2022: $1,709Net Assets 2022: $842,0082022Assets 2023: $872,420Liabilities 2023: $822Net Assets 2023: $871,5982023Assets 2024: $905,858Liabilities 2024: $4,721Net Assets 2024: $901,1372024

Highlighted filing

2024

Assets$905,858
Liabilities$4,721
Net Assets$901,137

Operations Trend

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

$400K$200K$0-$200KRevenue 2018: $196,425Expenses 2018: $274,797Net Income 2018: -$78,3722018Revenue 2019: $356,103Expenses 2019: $300,979Net Income 2019: $55,1242019Revenue 2020: $319,455Expenses 2020: $331,028Net Income 2020: -$11,5732020Revenue 2021: $114,757Expenses 2021: $227,049Net Income 2021: -$112,2922021Revenue 2022: $270,669Expenses 2022: $253,460Net Income 2022: $17,2092022Revenue 2023: $346,450Expenses 2023: $373,122Net Income 2023: -$26,6722023Revenue 2024: $312,597Expenses 2024: $347,358Net Income 2024: -$34,7612024

Highlighted filing

2024

Revenue$312,597
Expenses$347,358
Net Income-$34,761

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$312,597
Mission and Program Overview

Mission

The mission of the bronx conservatory of music ("bcm"), is to provide private music instruction of the highest quality to bronx children and adults, in their own neighborhoods, at lowest possible tuition, thereby making conservatory training accessible to all. In fulfilling this mission, bcm also seeks to develop audiences for fine music in the bronx and to contribute to the music culture of the bronx.

To provide private music instruction of the highest quality to bronx children and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$760,015$799,875▲ $39,860
Inventories for Sale or Use$17,000$33,000▲ $16,000
Accounts Receivable$6,082$28,379▲ $22,297
Cash and Non-Interest-Bearing Accounts$67,283$26,710▼ $40,573
Land, Buildings, and Equipment, Net$22,040$17,894▼ $4,146
Total Assets$872,420$905,858▲ $33,438
Liabilities
Accounts Payable and Accrued Expenses$822$4,721▲ $3,899
Total Liabilities$822$4,721▲ $3,899
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$871,598$901,137▲ $29,539
Total Net Assets Fund Balance$871,598$901,137▲ $29,539
Total Liabilities and Net Assets / Fund Balance$872,420$905,858▲ $33,438

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,894$20,261$38,155
Other Securities$799,875--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michele SlifkaExecutive DirectorFT$18,151$20,628$38,779

Board Members and Trustees

NameTitle
Douglas W MeyerPresident
Brenda VincentSecretary
David NussenbaumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,162
Program Service Revenue
$198,157
Investment Income
$36,278
Other Revenue
$0
All Other Contributions
$53,392
Change in Net Assets
$-34,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,852
Other Expenses$78,240
Grants and Similar Amounts Paid$6,266
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$185,144$22,950-$208,094
Current Officers, Directors, Trustees, and Key Employees$27,338$10,642-$37,980
Office Expenses$9,211$5,304-$14,515
Payroll Taxes$8,527$5,903-$14,430
Fees for Services Other$12,625$1,561-$14,186
Occupancy$9,000--$9,000
Fees for Service Investment Mgmnt Fees-$7,126-$7,126
Information Technology-$6,915-$6,915
Fees for Services Legal-$6,738-$6,738
Depreciation Depletion$6,347--$6,347
Grants to Domestic Individuals$6,266--$6,266
Advertising-$2,439-$2,439
Other Employee Benefits$1,388$960-$2,348
Fees for Services Accounting-$1,800-$1,800
Other Expenses$982$505-$1,487
Total Functional Expenses$273,809$73,549$0$347,358
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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, Section B, Line 11B

The 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended 990 will be filed.

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

The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.

Form 990, Part VI, Section B, Line 15

Compensations are discussed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Financial statements & other documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bronx Conservatory of Music Inc
EIN
13-3580300
Phone
9174476318
Address
400 WEST END AVE 2B, NEW YORK, NY 10453-0376

Signing Officer

Name
Douglas W Meyer
Title
President
Phone
9174476318
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas W Meyer
Formed
2007
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
45
Volunteers
3

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Uncollectable accounts -1,985.

FORM 990. PART XII, LINE 2C:

The process has not changed from prior year.

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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/Desc0FOR THE PAST 26 YEARS, OUR MUSIC EDUCATION PROGRAM PRIMARILY SERVES MINORITY (92% OF TOTAL 200 PUPILS) STUDENTS. A LARGE MAJORITY OF OUR STUDENTS COME FROM WORKING AND LOWER MIDDLE-CLASS BACKGROUNDS. IN KEEPING WITH OUR MISSION, WE KEEP TUITION PRICES AS LOW AS POSSIBLE TO REACH AS BROAD A CONSTITUENCY AS POSSIBLE.
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IRS990/MissionDesc0THE MISSION OF THE BRONX CONSERVATORY OF MUSIC ("BCM"), IS TO PROVIDE PRIVATE MUSIC INSTRUCTION OF THE HIGHEST QUALITY TO BRONX CHILDREN AND ADULTS, IN THEIR OWN NEIGHBORHOODS, AT LOWEST POSSIBLE TUITION, THEREBY MAKING CONSERVATORY TRAINING ACCESSIBLE TO ALL. IN FULFILLING THIS MISSION, BCM ALSO SEEKS TO DEVELOP AUDIENCES FOR FINE MUSIC IN THE BRONX AND TO CONTRIBUTE TO THE MUSIC CULTURE OF THE BRONX.
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt024811
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt059004
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0166841
IRS990ScheduleA/InvestmentIncomeCYPct00.10680
IRS990ScheduleA/InvestmentIncomePYPct00.10630
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88230
IRS990ScheduleA/PublicSupportPY509Pct00.89260
IRS990ScheduleA/PublicSupportTotal509Amt01378024
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt015250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0180
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01315
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt016995
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0276319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0338867
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0245858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0182656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0351319
IRS990ScheduleA/Total509Grp/TotalAmt01395019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0312597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0358205
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0270669
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0210066
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0410323
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01561860
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt017894
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020261
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038155
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0799875
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017894
IRS990ScheduleD/TotalBookValueSecuritiesAmt0799875
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06266
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0TUITION AND FEE WAIVER SCHOLARSHIPS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPROVED BY THE BOARD COMMITTEE THAT OVERSEES ALL RECIPIENTS OF GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATIONS ARE DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS & OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNCOLLECTABLE ACCOUNTS -1,985.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990. PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0872420
IRS990/TotalAssetsEOYAmt0905858
IRS990/TotalAssetsGrp/BOYAmt0872420
IRS990/TotalAssetsGrp/EOYAmt0905858
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt078162
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073549
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0273809
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0822
IRS990/TotalLiabilitiesEOYAmt04721
IRS990/TotalLiabilitiesGrp/BOYAmt0822
IRS990/TotalLiabilitiesGrp/EOYAmt04721
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0871598
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0901137
IRS990/TotalOtherCompensationAmt020628
IRS990/TotalProgramServiceExpensesAmt0273809
IRS990/TotalProgramServiceRevenueAmt0198157
IRS990/TotalReportableCompFromOrgAmt018151
IRS990/TotalRevenueGrp/ExclusionAmt036278
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0198157
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312597
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0872420
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0905858
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 WEST END AVE 2B
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0104530376
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0BRONXCONSERVATORY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS W MEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174476318
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRONX CONSERVATORY OF MUSIC INC
ReturnHeader/Filer/BusinessNameControlTxt0BRON
ReturnHeader/Filer/EIN0133580300
ReturnHeader/Filer/PhoneNum09174476318
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 WEST END AVE 2B
ReturnHeader/Filer/USAddress/CityNm0NEW YORK

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