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Education : Youth Education Programs and Services

Third Street Music School Settlement

Providing quality education in music and the arts

four stars

90.97

235 East Eleventh Street New York, NY 10003
tel: (212) 777-3240   Web Site
EIN: 13-5596825

Board Leadership
Vincent C. Perro
Chairman

CEO
Valerie Lewis
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 90.97 four stars
  Financial 87.88 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2017 and includes data from FY2016, the most recent 990 received at that time.

Third Street Music School Settlement, the nation's oldest community music school, was founded in 1894 by Emilie Wagner, who believed that music could offer the impoverished immigrants of New York's Lower East Side some respite from their daily struggles. Today, more than a century later, Third Street serves more than 3,500 students each year both at the School and through its MILES (Music Instruction on the Lower East Side) Program in the public schools, where it reaches a sizeable immigrant population and hundreds of children who lack affordable options for quality training in the arts. A generous program of tuition assistance, scholarships and program subsidies benefits three-quarters of all students served.

Third Street Music School Settlement, the nation's oldest community music school, was founded in 1894 by Emilie Wagner, who believed that music could offer the impoverished immigrants of New York's Lower East Side some respite from their daily struggles. Today, more than a century later, Third Street serves more than 3,500 students each year both at the School and through its MILES (Music Instruction on the Lower East Side) Program in the public schools, where it reaches a sizeable immigrant population and hundreds of children who lack affordable options for quality training in the arts. A generous program of tuition assistance, scholarships and program subsidies benefits three-quarters of all students served.

Results Information

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Financial

three stars

87.88

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2017 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.6%
  Administrative Expenses 10.1%
  Fundraising Expenses 8.2%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 1.73
  Program Expenses Growth 3.9%
  Liabilities to Assets 13.4%
All data for Financial Performance Metrics calculations was provided by Third Street Music School Settlement on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Third Street Music School Settlement on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Third Street Music School Settlement (NY) 90.97 four stars
Settlement Music School (PA) 93.04 four stars
Merit School of Music (IL) 91.86 four stars
Center for Arts-Inspired Learning (OH) 85.93 three stars
Academy of Vocal Arts (PA) 90.93 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,959,006
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $415,285
   Related Organizations $0
   Government Grants $202,500
Total Contributions $2,576,791
   Program Service Revenue $4,386,361
Total Primary Revenue $6,963,152
   Other Revenue $422,515
TOTAL REVENUE $7,385,667
   
EXPENSES  
   Program Expenses $5,786,051
   Administrative Expenses $712,171
   Fundraising Expenses $561,213
TOTAL FUNCTIONAL EXPENSES $7,059,435
   
Payments to Affiliates $0
Excess (or Deficit) for the year $326,232
   
Net Assets $16,218,206

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Music & Dance Instruction $4,754,804 82.2%
School and Community Partnerships $939,367 16.2%
Performance $91,880 1.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-06 12/01/2017 90.97 four stars
2015-06 10/01/2016 89.73 three stars
2014-06 06/01/2016 87.81 three stars
 
CN 2.0
2014-06 11/01/2015 87.00 three stars
2013-06 09/01/2014 84.82 three stars
2012-06 08/01/2013 91.23 four stars
2011-06 06/01/2012 91.71 four stars
2010-06 09/20/2011 89.78 three stars
 
CN 1.0
2009-06 07/01/2010 84.62 three stars
2008-06 10/01/2009 89.52 three stars
2007-06 10/01/2008 90.74 four stars
2006-06 07/01/2007 82.43 three stars
2005-06 09/01/2006 84.53 three stars
2004-06 11/01/2005 83.09 three stars
2003-06 10/01/2004 87.40 three stars
2002-06 03/01/2004 83.79 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-5596825
Name in IRS Master File SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT INC
NTEE Code A6E
NTEE Classification Performing Arts Schools
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status School 170(b)(1)(A)(ii)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1942
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$187,500 2.65% Valerie Lewis Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Third Street Music School Settlement (NY) 90.97 four stars
The Ghetto Film School (NY) 93.82 four stars
The Wooden Floor (CA) 87.69 three stars
Settlement Music School (PA) 93.04 four stars
Merit School of Music (IL) 91.86 four stars

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Charity Contact Info

Third Street Music School Settlement
235 East Eleventh Street
New York, NY 10003
tel: (212) 777-3240
fax: (212) 477-1808
EIN: 13-5596825

Visit Web Site

Board Leadership

Vincent C. Perro
Chairman

CEO

Valerie Lewis
Executive Director

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