Form 990 for tax year 2024
Filed by LOS ANGELES MUSIC AND ART SCHOOL.
Totals
- Total revenue
- $1,282,179
- Total expenses
- $1,088,308
- Contributions and grants received
- $638,250
- Grants paid
- $0
- Program service revenue
- $420,577
- Investment income
- $142,930
- Other revenue
- $80,422
- Total assets, end of year
- $4,149,444
- Total liabilities, end of year
- $49,574
- Net assets or fund balances, end of year
- $4,099,870
- Program services expenses (Part IX)
- $927,774
- Management and general expenses
- $105,129
- Fundraising expenses
- $55,405
- Program service expenses (Part III)
- $927,774
Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$638,250
-
2a · Program service revenue: TUITION FEES
total $420,577 · related or exempt $420,577
-
3 · Investment income
total $142,930 · related or exempt $142,930
-
8a · Fundraising events: gross income
$90,287
-
8b · Fundraising events: direct expenses
$23,403
-
8c · Net income from fundraising events
total $66,884 · excluded $66,884
-
11a · Other revenue: OTHER INCOME
total $13,538 · related or exempt $13,538
-
11e · Other revenue, total
$13,538
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $367,351 · program services $275,513 · management and general $55,103 · fundraising $36,735
-
7 · Other salaries and wages
total $318,680 · program services $318,680
-
10 · Payroll taxes
total $49,873 · program services $42,392 · management and general $4,987 · fundraising $2,494
-
11c · Fees: accounting
total $11,375 · program services $9,100 · management and general $2,275
-
24a · Other expenses: DEPRECIATION
total $83,753 · program services $67,002 · management and general $12,563 · fundraising $4,188
-
24b · Other expenses: PROGRAM SERVICES
total $15,558 · program services $15,558
-
24c · Other expenses: EMPLOYEE BENEFITS
total $30,408 · program services $25,847 · management and general $3,041 · fundraising $1,520
-
24d · Other expenses: PROMOTION AND MARKETING
total $7,450 · program services $5,960 · management and general $1,490
-
24e · All other expenses
total $203,860 · program services $167,722 · management and general $25,670 · fundraising $10,468
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $340,942 · end of year $326,995
-
4 · Accounts receivable
beginning of year $13,765 · end of year $25,000
-
10a · Land, buildings and equipment: cost or other basis
$2,630,115
-
10b · Land, buildings and equipment: accumulated depreciation
$1,221,280
-
10c · Land, buildings and equipment, net
beginning of year $1,342,141 · end of year $1,408,835
-
11 · Investments: publicly traded securities
beginning of year $2,237,765 · end of year $2,378,912
-
15 · Other assets
end of year $9,702
-
17 · Accounts payable and accrued expenses
beginning of year $28,614 · end of year $49,574
-
27 · Net assets without donor restrictions
beginning of year $2,875,168 · end of year $3,152,289
-
28 · Net assets with donor restrictions
beginning of year $1,030,831 · end of year $947,581
Mission and programs · 2024
Mission
TO PROVIDE EQUAL ACCESS TO AFFORDABLE ARTS EDUCATION FOR ALL CHILDREN AND YOUNG ADULTS, REGARDLESS OF THEIR ECONOMIC CONDITION, AGE, ARTISTIC ABILITY, OR ETHNIC ORIGIN.
-
THE SCHOOL PROVIDES YEAR-ROUND ARTS INSTRUCTION TO AN AVERAGE MONTHLY ENROLLMENT OF 479 STUDENTS. THE SCHOOLS PROGRAMS INCLUDE INDIVIDUAL AND GROUP INSTRUCTION IN MUSIC, VISUAL ARTS, DANCE AND DRAMA. THE SCHOOL ALSO CONDUCTS A SUMMER ARTS ENRICHMENT PROGRAM.
Expenses $927,774
As filed on the 2024 return.
Listed in Part VII
-
Tahnee FredaTAHNEE FREDA
EXECUTIVE DIRECTOR - FORMER
- Total calculated
- $91,000
- From this org
- $91,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Angela SanonANGELA SANON
EMPLOYEE
- Total calculated
- $47,107
- From this org
- $47,107
- From related orgs
- $0
- Other
- $0
- Hours/week
- 32
-
Pooja NairPOOJA NAIR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tatania MinguetTATANIA MINGUET
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle VoetbergMICHELLE VOETBERG
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daisy SalasDAISY SALAS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia PearsonCYNTHIA PEARSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jane CastruccioJANE CASTRUCCIO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jasmine AkoJASMINE AKO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Nancy AmbrossiNANCY AMBROSSI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Manuel PrietoMANUEL PRIETO
EXECUTIVE DIRECTOR - ACTING
- Total calculated
- $0
- Hours/week
- 20
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202610159349300001
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