FY 2011 990 - Third Street Music School Settlement
FormUnder section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lungbenefit trust or private foundation)Department of the TreasuryInternal Revenue Service | The organization may have to use a copy of this return to satisfy state reporting requirements.A For the 2010 calendar year, or tax year beginning JUL 1, 2010 and ending JUN 30, 2011OMB No. 1545-0047B Check if C Name of organizationD Employer identification numberapplicable:AddresschangeNamechangeInitialreturnTerminatedDoing Business AsNumber and street (or P.O. box if mail is not delivered to street address) Room/suite EAmendedreturn City or town, state or country, and ZIP + 4G Gross receipts $Open to PublicInspectionTelephone number235 EAST 11TH STREET (212)777-32406,645,421.ApplicationNEW YORK, NY 10003-7305H(a) Is this a group returnpendingF Name and address of principal officer: LEE KOONCEfor affiliates?Yes X NoSAME AS C ABOVEH(b) Are all affiliates included? Yes NoI Tax-exempt status: X 501(c)(3) 501(c) ( )§(insert no.) 4947(a)(1) or 527 If "No," attach a list. (see instructions)J Website: | WWW.THIRDSTREETMUSICSCHOOL.ORGH(c) Group exemption number |K Form of organization: X Corporation Trust Association Other |L Year of formation: 1903 M State of legal domicile: NYPart I Summary1 Briefly describe the organization’s mission or most significant activities: TO PROVIDE QUALITY MUSIC & ARTSINSTRUCTION REGARDLESS OF ARTISTIC ABILITY OR ECONOMIC CIRCUMSTANCESActivities & GovernanceRevenueExpensesNet Assets orFund BalancesSignHereReturn of Organization Exempt From Income Tax990 20102345689101112131415Check this box|b Net unrelated business taxable income from Form 990-T, line 34 16aProfessional fundraising fees (Part IX, column (A), line 11e) ~~~~~~~~~~~~~~b Total fundraising expenses (Part IX, column (D), line 25) | 547,009.true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.Signature of officerType or print name and titleif the organization discontinued its operations or disposed of more than 25% of its net assets.Number of voting members of the governing body (Part VI, line 1a)~~~~~~~~~~~~~~~~~~~~Number of independent voting members of the governing body (Part VI, line 1b) ~~~~~~~~~~~~~~Total number of individuals employed in calendar year 2010 (Part V, line 2a) ~~~~~~~~~~~~~~~~Total number of volunteers (estimate if necessary) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~7 a Total unrelated business revenue from Part VIII, column (C), line 12 ~~~~~~~~~~~~~~~~~~~~Contributions and grants (Part VIII, line 1h) ~~~~~~~~~~~~~~~~~~~~~Program service revenue (Part VIII, line 2g) ~~~~~~~~~~~~~~~~~~~~~Investment income (Part VIII, column (A), lines 3, 4, and 7d) ~~~~~~~~~~~~~Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) ~~~~~~~~Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12) Grants and similar amounts paid (Part IX, column (A), lines 1-3)Benefits paid to or for members (Part IX, column (A), line 4)~~~~~~~~~~~~~~~~~~~~~~~~Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) ~~~==SOCIETY OF THE THIRD STREET MUSIC SCHOOLSETTLEMENT, INC.THIRD STREET MUSIC SCHOOL 13-559682534567a7bPrior YearCurrent Year1,582,746. 1,557,943.3,568,212. 3,763,287.238,302. 472,765.32,018. 15,934.5,421,278. 5,809,929.563,603. 530,631.0. 0.3,890,315. 4,116,770.42,500. 42,500.17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24f) ~~~~~~~~~~~~~ 955,649. 1,104,389.18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ~~~~~~~ 5,452,067. 5,794,290.19 Revenue less expenses. Subtract line 18 from line 12 -30,789. 15,639.Beginning of Current Year End of Year20 Total assets (Part X, line 16) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 11,462,318. 12,799,300.21 Total liabilities (Part X, line 26) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2,297,238. 2,190,674.22 Net assets or fund balances. Subtract line 21 from line 20 9,165,080. 10,608,626.Part II Signature BlockUnder penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it isCheckPrint/Type preparer’s namePreparer’s signatureDatePTINifPaid LAUREN CRESCIself-employedPreparer Firm’s name LUTZ AND CARR, CPAS LLPFirm’s EINUse Only Firm’s address 300 EAST 42ND STREET99 NEW YORK, NY 10017 Phone no. 212-697-2299May the IRS discuss this return with the preparer shown above? (see instructions) X Yes No032001 02-22-11 LHA For Paperwork Reduction Act Notice, see the separate instructions.Form 990 (2010)Date2121199900.0.