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Nonprofits›Powers Music School Inc

Arts & Culture

Powers Music School Inc

BELMONT, MA

Website

Total revenue

$2.4M

Total expenses

$2.2M

Net assets

$2.0M

Grants received

$500K

30 grants

EIN

042580633

Tax year

2023

Mission

To provide members of the community and students of all ages withaccess to the highest caliber of music education and instructionprograms that foster a lifelong appreciation of music.

Programs

1 program

Other income from program related sources

Financials

FY 2023

Revenue

Contributions & grants$448K

Program service revenue$1.8M

Investment income$133K

Other revenue—

Total revenue$2.4M

Expenses

Grants paid—

Salaries & benefits$1.6M

Fundraising$98K

Other expenses$580K

Total expenses$2.2M

Total assets$4.2M

Net assets$2.0M

People

11 listed

NameRoleCompensation

Sarah Freiberg

Director

Board

$18K

1 hrs/wk

Wenjie Hu

Treasurer

Board

—

2 hrs/wk

Elaine Dimopoulos

Vice President(As of 6/30/24)

Board

—

1 hrs/wk

Chris Wright

Vice President (Until 6/30/24)

Board

—

1 hrs/wk

Evan Louden

President

Board

—

5 hrs/wk

Steve Cohen

Director

Board

—

1 hrs/wk

Amy Crafts

Director

Board

—

1 hrs/wk

Shannah Frankam

Director

Board

—

1 hrs/wk

Laura Barnes

Director

Board

—

1 hrs/wk

Karen Gut

Secretary

Board

—

2 hrs/wk

THOMAS G FARRELL

Executive Director

Staff

$135K

40 hrs/wk

Grants received

Showing 30 of 30

FromAmountPurposeYear

HPH Family Foundation

$20K

To improve the energy efficiency of the building where lessons are taught by Powers Music School, including improving energy efficient indoor climate control

2024

The Alan K and Isabelle DerKazarian Fdn

$1K

Annual fund

2024

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$101K

For grant recipient's exempt purposes

2023

Cambridge Savings Charitable

$3K

EXEMPT PURPOSE