Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1952.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $212K paid to officers and key staff.
Genevieve Twomey’s $51K as Executive Di is at the 5th percentile of top reported officer pay among 3924 $1–10M 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 · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Mary McGowan | — | — | — | $156,546 | $157,531 | $128,000 |
| Mark Hayman | — | $87,692 | $150,000 | $80,769 | — | — |
| Eric Larsen | — | — | — | — | $4,000 | $83,616 |
| Genevieve Twomey | $51,000 | — | — | — | — | — |
| Ann Setzer | $39,685 | $46,970 | $35,190 | $36,450 | — | — |
| Hans Jorgen Jensen | $37,360 | $35,145 | $33,905 | $35,340 | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides music education to talented young people.
Questions for Society for Strings INC
Your first name shows with your question. Society for Strings INC answers here, for everyone.
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Teaching gifted students to play stringed instruments. The school typically improves over 200 students skills by 7 weeks of summer training, teaching, practice and subervision. Many of our students become world class concert players AND/ or teachers. Due to covid 19, the summer school for 2020 was cancelled.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $480K | $88K |
| InvestmentsLn 11–13 | $3.7M | $3.7M |
| Land, buildings, equipmentLn 10c | $3.3M | $3.6M |
| Total assetsLn 16 | $7.5M | $7.4M |
| LiabilitiesLn 26 | $14K | $27K |
| Net assetsLn 32 | $7.5M | $7.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $180K | $86K | $94K | |
| Other salaries and wagesLn 7 | $100K | $100K | ||
| Payroll taxesLn 10 | $23K | $16K | $8K | |
| Legal feesLn 11b | $216 | $216 | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Investment management feesLn 11f | $33K | $33K | ||
| Other fees for servicesLn 11g | $17K | $17K | ||
| Advertising and promotionLn 12 | $6K | $6K | ||
| Depreciation, depletion and amortizationLn 22 | $96K | $86K | $10K | |
| InsuranceLn 23 | $72K | $65K | $7K | |
| Other expenses (24a–d)Ln 24 | $46K | $44K | $2K | |
| All other expensesLn 24e | $12K | $11K | $2K | |
| Total functional expensesLn 25 | $593K | $463K | $129K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.9M | $1.9M | $83K | $7.2M | 990 PDF |
| FY2023 | $2.0M | $2.0M | −$46K | $7.0M | 990 PDF |
| FY2022 | $1.9M | $2.3M | −$362K | $6.8M | 990 PDF |
| FY2021 | $1.1M | $978K | $164K | $7.8M | 990 PDF |
| FY2020 Viewing | $427K | $593K | −$166K | $7.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $426,927 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $426,927 across 9 lines filed
Part IX · Statement of functional expenses $592,827 across 12 lines filed
Part X · Balance sheet $7,374,235 assets, 14 lines filed
Part XI · Reconciliation of net assets $7,347,366 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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