Perlman Music Program INC FY2024 filing

Tax-deductible

New York, NY501(c)(3)Since 1994Arts & CultureEIN 11-3247651

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$558K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.1M a year · 44% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$558K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$305K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+639% vs prior year
Spent
$3.2M
To programs
70%
Net assets
$16.9M
By yearFY2020–FY2025
Revenue
$4.5M
FY2024▲ +639%
Revenue by fiscal year
FY2020$2.5M
FY2021$4.4M
FY2022$4.9M
FY2023$603K
FY2024$4.5M
FY2025$10.9M
Expenses
$3.2M
FY2024▲ +314%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.7M
FY2022$3.0M
FY2023$783K
FY2024$3.2M
FY2025$3.6M
Net assets
$16.9M
FY2024▲ +12%
Net assets by fiscal year
FY2020$12.9M
FY2021$14.9M
FY2022$15.1M
FY2023$15.1M
FY2024$16.9M
FY2025$24.7M

From the FY2024 Form 990 (year ending January 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $2.3M Management & general 10% · $324K Fundraising 20% · $663K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

22 people listed on the 990; $558K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$206,000Pt VII · Sec A
Director of Development
$137,853Pt VII · Sec A
Associate Director of Development
$111,240Pt VII · Sec A
Assistant Director of Development
$103,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anna Kaplan’s $225K as Executive Director is at the 21st percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Anna Kaplan$225,000$206,000$225,000$190,000$174,868$184,739
Jessica Denaro$175,000$137,853————
Kathleen Nojima———$145,417——
Katie Nojima————$144,619$135,554
Shelley Pyers—$111,240$117,000$109,500——
Konstantina Juras———$112,400——
Merry Peckham———$108,555——
Paul Wolfram—$103,000—$105,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides intensive music education residencies for talented young string players.

Provided by the organization

This section is blank until Perlman Music Program INC claims this page.

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3 program services account for $2.3M of program spending, described in the organization's own filed words · FY2023.
01

Summer Study Programs ("ssp")

Intensive summer residency program on shelter island, new york consisting of the summer music school (a seven-week classical music program for 32 string players ages 12 to 18) and the chamber music workshop (a three-week chamber music program for 42 young adults ages 18-30).

$1.8Mprogram expense
02

Concerts and Mentorship Program

Year-round concerts, mentorship and residencies for alumni of the summer music school, chamber music workshop and travel programs. Performances, community events, and professional development opportunities, designed to guide and support alumni through their college years and beyond.

$240Kprogram expense
03

Travel Programs

The travel programs consist of the biennial israel residency, mixing israeli students and students of the summer music school, and the sarasota winter residency, a two and a half week session at the end of the calendar year which takes place in sarasota, florida, mixing students of the summer music school, chamber music workshop and the…

$226Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$8K
Grants paid · 4 grants · $543K · 2019–2024
Unitemized GrantFY2024$195,600
Unitemized GrantFY2023$170,300
Unitemized GrantFY2020$132,400
Unitemized GrantFY2019$44,750

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$3.8M
Fees for servicesLn 2g$430K
Investment incomeLn 3$238K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.3M
Managementcol C$324K
Fundraisingcol D$663K
Owns and owesPt X
$16.9M
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$17.2M
LiabilitiesLn 26$305K
PeoplePt VI, VII
22
listed · VII A
PaidVII A4
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Noncash giftsLn 1g$39K
Fundraising eventsLn 1c$1.1M
Fees for servicesLn 2g$430K
Investment incomeLn 3$238K
Other incomeLn 4–11$4K
Gains on assetsLn 7−$92K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$148K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$152K
InvestmentsLn 11–13$11.3M
Land, buildings, equipmentLn 10c$5.2M
Other assetsLn 15$43K
Total assetsLn 16$17.2M
LiabilitiesLn 26$305K
Net assetsLn 32$16.9M
OperationsPt I, VI
EmployeesI 559
VolunteersI 60
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$166K$152K
InvestmentsLn 11–13$9.7M$11.3M
Land, buildings, equipmentLn 10c$4.8M$5.2M
Total assetsLn 16$15.3M$17.2M
LiabilitiesLn 26$199K$305K
Net assetsLn 32$15.1M$16.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$170K$170K
Pay of current officers, directors and key staffLn 5$208K$131K$27K$50K
Other salaries and wagesLn 7$1.2M$777K$117K$309K
Other employee benefitsLn 9$98K$63K$10K$25K
Payroll taxesLn 10$118K$76K$12K$30K
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$77K$77K
Other fees for servicesLn 11g$165K$107K$21K$37K
Advertising and promotionLn 12$23K$8K$14K
Office expensesLn 13$200K$178K$2K$20K
OccupancyLn 16$41K$25K$8K$8K
TravelLn 17$55K$39K$389$16K
Depreciation, depletion and amortizationLn 22$142K$139K$547$2K
InsuranceLn 23$242K$217K$18K$6K
Other expenses (24a–d)Ln 24$446K$321K$227$125K
All other expensesLn 24e$25K$4K$2K$20K
Total functional expensesLn 25$3.2M$2.3M$324K$663K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.9M$3.6M$7.3M$24.7M 990 PDF
FY2024 Viewing $4.5M$3.2M$1.2M$16.9M 990 PDF
FY2023 $603K$783K−$181K$15.1M 990 PDF
FY2022 $4.9M$3.0M$1.9M$15.1M 990 PDF
FY2021 $4.4M$2.7M$1.7M$14.9M 990 PDF
FY2020 $2.5M$2.2M$321K$12.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,454,539 across 10 lines filed
VIII-1c Fundraising events$1,081,554
VIII-1f All other contributions, gifts and grants$2,701,863
VIII-1g Noncash contributions (included above)$38,845
VIII-1h Total contributions, gifts and grants$3,783,417
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $429,538$429,538
VIII-3 Investment incomeExcluded from tax $330,409$330,409
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$92,387−$92,387
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,215 · Excluded from tax $2,347$3,562
VIII-12 Total revenueRelated to mission $430,753 · Unrelated business $0 · Excluded from tax $240,369$4,454,539
Part IX · Statement of functional expenses $3,242,287 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $170,300$170,300
IX-5 Pay of current officers, directors and key staffPrograms $130,778 · Management $26,986 · Fundraising $49,820$207,584
IX-7 Other salaries and wagesPrograms $776,850 · Management $116,634 · Fundraising $309,406$1,202,890
IX-9 Other employee benefitsPrograms $63,249 · Management $10,008 · Fundraising $25,033$98,290
IX-10 Payroll taxesPrograms $75,665 · Management $11,973 · Fundraising $29,947$117,585
IX-11c Accounting feesManagement $30,000$30,000
IX-11f Investment management feesManagement $76,883$76,883
IX-11g Other fees for servicesPrograms $107,260 · Management $21,246 · Fundraising $36,541$165,047
IX-12 Advertising and promotionPrograms $8,265 · Fundraising $14,255$22,520
IX-13 Office expensesPrograms $178,490 · Management $1,634 · Fundraising $19,786$199,910
IX-16 OccupancyPrograms $24,666 · Management $8,222 · Fundraising $8,222$41,110
IX-17 TravelPrograms $38,860 · Management $389 · Fundraising $15,875$55,124
IX-22 Depreciation, depletion and amortizationPrograms $139,302 · Management $547 · Fundraising $2,304$142,153
IX-23 InsurancePrograms $217,353 · Management $17,966 · Fundraising $6,408$241,727
IX-24 Other expenses (24a–d)Programs $320,527 · Management $227 · Fundraising $125,431$446,185
IX-24e All other expensesPrograms $3,587 · Management $1,737 · Fundraising $19,655$24,979
IX-25 Total functional expensesPrograms $2,255,152 · Management $324,452 · Fundraising $662,683$3,242,287
Part X · Balance sheet $17,173,216 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $163,033$148,390
X-2 Savings and temporary cash investmentsStart of year $3,205$3,220
X-3 Pledges and grants receivableStart of year $401,321$319,262
X-4 Accounts receivableStart of year $5,014$5,866
X-9 Prepaid expenses and deferred chargesStart of year $107,332$124,450
X-10c Land, buildings and equipment, netStart of year $4,772,546$5,225,502
X-11 Publicly traded securitiesStart of year $9,720,188$11,303,261
X-15 Other assetsStart of year $78,372$43,265
X-16 Total assetsStart of year $15,251,011$17,173,216
X-17 Accounts payable and accrued expensesStart of year $104,529$215,497
X-19 Deferred revenueStart of year $18,142$54,011
X-25 Other liabilitiesStart of year $76,745$35,863
X-26 Total liabilitiesStart of year $199,416$305,371
X-27 Net assets without donor restrictionsStart of year $11,101,843$11,570,139
X-28 Net assets with donor restrictionsStart of year $3,949,752$5,297,706
X-32 Total net assets or fund balancesStart of year $15,051,595$16,867,845
X-33 Total liabilities and net assetsStart of year $15,251,011$17,173,216
Part XI · Reconciliation of net assets $16,867,845 net assets at year end
XI-1 Total revenue$4,454,539
XI-2 Total expenses$3,242,287
XI-3 Revenue less expenses$1,212,252
XI-4 Net assets at start of year$15,051,595
XI-5 Net unrealized gains (losses) on investments$603,998
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,867,845

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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