Boston String Academy INC
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Offers after-school string music lessons to inner-city youth, building foundational skills for musical growth. For fiscal year 2024 it reported $616K in revenue, $721K in expenses, and $151K in net assets.Pt I
Summary of the Filing
Where the work happens
A collaborative where professional musicians provide affordable high quality string instrument instructions to youths. Providing concerts, orchestra programs and guest artists.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Mariesther Alvarez’s $91K as Co-Exec. Dir is at the 83rd percentile of top reported officer pay among 2213 $100K–1M 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Mariesther Alvarez | $90,620 | $70,260 | $72,119 | $60,178 |
| Marielisa Alvarez | $80,830 | $77,740 | $72,459 | $56,960 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 75% | — | — |
| Overhead ratio | 20% | — | — |
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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