← SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA

Form 990 for tax year 2024

Filed by SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA.

What the amendment changed

Compared with the return it replaced , filed 14 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $18,638,348 changed to $18,483,141
Total expenses: $14,327,605 changed to $14,345,623
Contributions and grants received: $9,610,181 changed to $9,503,431
Investment income: $878,030 changed to $878,031
Other revenue: $3,665 changed to -$44,793
Total assets, end of year: $39,337,121 changed to $39,217,141
Total liabilities, end of year: $3,266,484 changed to $3,306,734
Net assets or fund balances, end of year: $36,070,637 changed to $35,910,407
Program services expenses: $12,705,246 changed to $12,735,305
Management and general expenses: $919,544 changed to $883,820
Fundraising expenses: $702,815 changed to $726,498
Program service expenses (Part III): $12,705,246 changed to $12,735,305

Totals

Total revenue: $18,483,141
Total expenses: $14,345,623
Contributions and grants received: $9,503,431
Grants paid: $2,768,351
Program service revenue: $8,146,472
Investment income: $878,031
Other revenue: -$44,793
Total assets, end of year: $39,217,141
Total liabilities, end of year: $3,306,734
Net assets or fund balances, end of year: $35,910,407
Program services expenses (Part IX): $12,735,305
Management and general expenses: $883,820
Fundraising expenses: $726,498
Program service expenses (Part III): $12,735,305

Program services were 88.8% 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.

1c · Fundraising events

$304,063
1f · All other contributions, gifts and grants

$9,199,368
1g · Noncash contributions included above

$108,250
2a · Program service revenue: TUITION AND REGISTRATION FEES

total $8,023,324 · related or exempt $8,023,324
2f · All other program service revenue

total $123,148 · related or exempt $123,148
3 · Investment income

total $455,446 · excluded $455,446
6a · Gross rents

real property $35,435
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $35,435
6d · Net rental income or loss

total $35,435 · excluded $35,435
7a · Gross sales of assets other than inventory

securities $1,227,027
7b · Less cost or other basis and sales expenses

securities $804,442
7c · Gain or loss

securities $422,585
7d · Net gain or loss

total $422,585 · excluded $422,585
8a · Fundraising events: gross income

$51,589
8a · Fundraising events: contributions included on line 1c

$304,063
8b · Fundraising events: direct expenses

$132,017
8c · Net income from fundraising events

total -$80,428 · excluded -$80,428
10a · Gross sales of inventory

$200
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $200 · unrelated business $200

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $2,768,351 · program services $2,768,351
5 · Compensation of officers, directors and key employees

total $403,355 · program services $357,578 · management and general $21,384 · fundraising $24,393
7 · Other salaries and wages

total $6,960,705 · program services $6,170,740 · management and general $369,018 · fundraising $420,947
8 · Pension plan contributions

total $52,533 · program services $46,571 · management and general $2,785 · fundraising $3,177
9 · Other employee benefits

total $415,517 · program services $368,360 · management and general $22,028 · fundraising $25,129
10 · Payroll taxes

total $600,796 · program services $532,612 · management and general $31,851 · fundraising $36,333
11b · Fees: legal

total $53,929 · program services $53,929
11c · Fees: accounting

total $93,858 · program services $93,858
11e · Fees: professional fundraising services

total $33,416 · fundraising $33,416
11f · Fees: investment management

total $60,719 · management and general $60,719
11g · Fees: other

total $487,940 · program services $364,462 · management and general $54,751 · fundraising $68,727
12 · Advertising and promotion

total $46,635 · management and general $41,641 · fundraising $4,994
13 · Office expenses

total $109,970 · program services $46,904 · management and general $40,059 · fundraising $23,007
14 · Information technology

total $194,656 · program services $107,590 · management and general $57,263 · fundraising $29,803
16 · Occupancy

total $466,056 · program services $443,868 · management and general $22,188
17 · Travel

total $44,732 · program services $11,838 · management and general $24,736 · fundraising $8,158
19 · Conferences, conventions and meetings

total $45,310 · program services $11,991 · management and general $25,056 · fundraising $8,263
20 · Interest

total $81,441 · program services $78,021 · management and general $2,198 · fundraising $1,222
22 · Depreciation, depletion and amortization

total $779,561 · program services $779,561
23 · Insurance

total $128,751 · program services $98,266 · management and general $13,517 · fundraising $16,968
24a · Other expenses: MUSIC EXPENSES & CONTRA

total $274,785 · program services $245,702 · management and general $29,083 · fundraising $0
24b · Other expenses: SERVICES CHARGES

total $140,350 · program services $107,119 · management and general $14,735 · fundraising $18,496
24c · Other expenses: DUES & PUBLICATIONS

total $16,350 · program services $5,154 · management and general $9,041 · fundraising $2,155
24d · Other expenses: BAD DEBT EXPENSE

total $5,904 · program services $5,904
24e · All other expenses

total $80,003 · program services $36,926 · management and general $41,767 · fundraising $1,310

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,153,843 · end of year $1,420,762
2 · Savings and temporary cash investments

beginning of year $588,443 · end of year $2,669,140
3 · Pledges and grants receivable

beginning of year $3,169,534 · end of year $2,728,355
4 · Accounts receivable

beginning of year $24,928 · end of year $86,693
9 · Prepaid expenses and deferred charges

beginning of year $108,762 · end of year $83,231
10a · Land, buildings and equipment: cost or other basis

$29,901,332
10b · Land, buildings and equipment: accumulated depreciation

$16,375,910
10c · Land, buildings and equipment, net

beginning of year $14,002,412 · end of year $13,525,422
11 · Investments: publicly traded securities

beginning of year $13,764,672 · end of year $17,337,850
15 · Other assets

beginning of year $1,396,431 · end of year $1,365,688
17 · Accounts payable and accrued expenses

beginning of year $313,806 · end of year $466,982
19 · Deferred revenue

beginning of year $547,466 · end of year $583,682
23 · Secured mortgages and notes payable

beginning of year $2,472,026 · end of year $2,190,382
25 · Other liabilities

beginning of year $96,431 · end of year $65,688
27 · Net assets without donor restrictions

beginning of year $15,678,294 · end of year $15,341,307
28 · Net assets with donor restrictions

beginning of year $15,101,002 · end of year $20,569,100

Mission and programs · 2024

Mission

SETTLEMENT MUSIC SCHOOL'S MISSION IS TO PROVIDE THE HIGHEST QUALITY INSTRUCTION IN MUSIC AND THE RELATED ARTS TO CHILDREN AND ADULTS, WITHOUT REGARD TO AGE, RACE OR FINANCIAL CIRCUMSTANCES. SETTLEMENT'S BROAD RANGE OF PROGRAMS, TAUGHT BY HIGHLY CREDENTIALED AND DEDICATED FACULTY, HELP STUDENTS OF ALL AGES ACHIEVE ARTISTIC, EDUCATIONAL, AND SOCIAL GOALS. SETTLEMENT OFFERS MORE THAN 11,000 WEEKLY SERVICES OF MUSIC AND ARTS INSTRUCTION IN MORE THAN 20 INSTRUMENTS, GROUP CLASSES, CHOIRS, CHAMBER GROUPS, JAZZ ENSEMBLES, ORCHESTRA, ARTS THERAPY, DANCE, AND CREATIVE MOVEMENT, BOTH ONSITE AND ONLINE AT FIVE COMMUNITY BRANCHES AND ONLINE, AND WITH MORE THAN 70 COMMUNITY PARTNERSHIPS. WE ARE LEADING THE NATION IN INCREASING ACCESS TO MUSIC EDUCATION AND PIONEERING TOOLS TO EDUCATE TOMORROW'S CHILDREN.

SETTLEMENT'S FINANCIAL AID PROGRAM IS THE VEHICLE THROUGH WHICH UNDERSERVED CHILDREN GAIN ACCESS TO THE SCHOOL'S PROGRAMS. THE SCHOOL ANNUALLY PROVIDES APPROXIMATELY $3 MILLION IN FINANCIAL AID AND SCHOLARSHIPS ACROSS ALL PROGRAMS TO NEARLY 60% OF ITS STUDENTS. SETTLEMENT HAS BEEN SUCCESSFUL IN RECRUITING AND RETAINING CREDENTIALED AND EXPERIENCED FACULTY. THIS FACULTY PROVIDES 11,000 WEEKLY MUSIC AND ARTS RELATED PROGRAMS AND SERVICES TO ALL THE COMMUNITIES THAT THE SCHOOL SERVES, INCLUDING LOW-INCOME AND UNDERSERVED COMMUNITIES. SETTLEMENT EMPLOYS APPROXIMATELY 160 FACULTY, MAKING IT ONE OF THE LARGEST EMPLOYERS OF MUSIC EDUCATORS IN PENNSYLVANIA.

Expenses $10,494,405 · Grants $920,449 · Revenue $7,096,484
THE KALEIDOSCOPE PROGRAM USES THE ARTS TO PREPARE 114 LOW-INCOME PRESCHOOL STUDENTS FOR ACADEMIC SUCCESS. THE PROGRAM HAS A PROVEN RECORD OF SUCCESS, WITH PARTICIPANT'S SCHOOL READINESS SCORES THREE TIMES HIGHER THAN PEERS IN NON-ARTS ENRICHED PROGRAMS. 90% OF THE STUDENTS IN THE KALEIDOSCOPE PROGRAM QUALIFY FOR HEAD START FUNDING DUE TO FAMILY INCOME OR SPECIAL NEEDS AND ATTEND TUITION-FREE. THE INNOVATION AND QUALITY OF KALEIDOSCOPE HAS HELPED IT BECOME A NATIONAL MODEL OF ARTS-BASED PRESCHOOL EDUCATION.

Expenses $1,707,817 · Grants $1,459,349 · Revenue $1,042,258
SETTLEMENT'S MUSIC EDUCATION PATHWAYS PROGRAM IS AN AFTERSCHOOL PROGRAM AT EIGHT PHILADELPHIA SCHOOLS, IN OPERATION SINCE 2012, SERVING OVER 250 STUDENTS WITH OVER 130 HOURS OF ENSEMBLE AND GROUP LESSONS IN BAND, ORCHESTRA, AND CHOIR. RESEARCH HAS SHOWN STUDENTS LIVING IN POVERTY TO EXPERIENCE GAINS IN SOCIO-EMOTIONAL LEARNING WHILE ENGAGED IN THIS PROGRAM.

Expenses $533,083 · Grants $388,553 · Revenue $7,730
SETTLEMENT IS THE LEAD PARTNER OF THE PMAY ARTISTS INITIATIVE, SINCE 2017 COLLABORATING WITH SIX YOUTH MUSIC ORGANIZATIONS TO INCREASE DIVERSITY IN THE PROFESSIONAL CLASSICAL MUSIC FIELD. PMAY ARTISTS ARE A COHORT OF STUDENTS COMING FROM HISTORICALLY EXCLUDED OR FINANCIALLY DISADVANTAGED BACKGROUNDS, RANGING FROM 5TH-12TH GRADE, WHO RECEIVE ALL THE SUPPORT NECESSARY TO BECOME PROFESSIONAL CLASSICAL MUSICIANS. SINCE ITS INCEPTION, PMAY ARTISTS HAVE RECEIVED EXTENSIVE AUDITION, LESSON, AND INSTRUMENT LOAN ASSISTANCE THAT HAS ENABLED THEM TO BE ACCEPTED INTO TOP MUSIC SCHOOLS AND CONSERVATORIES, INCLUDING CARNEGIE MELLON UNIVERSITY, NEW ENGLAND CONSERVATORY OF MUSIC, CLEVELAND INSTITUTE OF MUSIC, AND BOSTON UNIVERSITY, WITH SCHOLARSHIP AND FINANCIAL AID OFFERS OF UP TO $12 MILLION.
THE KARDON CENTER AT SETTLEMENT MUSIC SCHOOL OFFERS MUSIC, ART, AND DANCE/MOVEMENT THERAPY SERVICES TO INDIVIDUALS WITH DIVERSE NEEDS AT SETTLEMENT BRANCHES AND AT OTHER LOCATIONS IN OUR COMMUNITY. CREATIVE ARTS THERAPY IS A FORM OF NON-VERBAL PSYCHOTHERAPY USING THE SENSES TO OPEN NEW CHANNELS OF COMMUNICATION BETWEEN PARTICIPANTS AND THEIR THERAPISTS, FAMILIES, AND COMMUNITIES. CREATIVE ARTS THERAPY USES THE ARTS IN ORDER TO ACHIEVE THERAPEUTIC GOALS. GOALS FOR CREATIVE ARTS THERAPY ARE TAILORED TO EACH PARTICIPANT, AND BENEFITS MAY INCLUDE IMPROVEMENT IN SOCIAL SKILLS, PSYCHOLOGICAL FACTORS, COGNITION, LANGUAGE, AND PHYSICAL SKILLS. 20+ CERTIFIED CREATIVE ARTS THERAPISTS DELIVER SERVICES ONSITE AND AT MULTIPLE COMMUNITY BRANCHES. THE PROGRAM IS APPROVED FOR MEDICAID.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Helen EatonHELEN EATON

CHIEF EXECUTIVE OFFICER

Total calculated

$268,851

From this org

$260,829

From related orgs

$0

Other

$8,022

Hours/week

65 + 5 related

Schedule J breakdown matched by us

Base

$260,829

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$8,022

Filer's total

$268,851
Patrick LeiterPATRICK LEITER

CHIEF INFORMATION OFFICER

Total calculated

$148,816

From this org

$148,395

From related orgs

$0

Other

$421

Hours/week

55
Amelia SchmertzAMELIA SCHMERTZ

CHIEF ADVANCEMENT OFFICER

Total calculated

$132,734

From this org

$129,700

From related orgs

$0

Other

$3,034

Hours/week

55
Megan LoobyMEGAN LOOBY

CHIEF MARKETING & COMM. OFFICER

Total calculated

$103,057

From this org

$100,525

From related orgs

$0

Other

$2,532

Hours/week

40
Lola OdunsiLOLA ODUNSI

FORMER CFO (06/24-02/25)

Total calculated

$82,670

From this org

$78,325

From related orgs

$0

Other

$4,345

Hours/week

65 + 5 related
Michael ArmentoMICHAEL ARMENTO

CFO (AS OF 06/25)

Total calculated

$0

Hours/week

65 + 5 related
Bruce LetoBRUCE LETO

CHAIR OF TRUSTEES

Total calculated

$0

Hours/week

1 + 1 related
Dana BrownDANA BROWN

PRESIDENT

Total calculated

$0

Hours/week

1 + 1 related
Barbara MeninBARBARA MENIN

VICE PRESIDENT (WGB)

Total calculated

$0

Hours/week

1 + 1 related
Mary Beth KramerMARY BETH KRAMER

VICE PRESIDENT (KNE)

Total calculated

$0

Hours/week

1 + 1 related
Nate BronsteinNATE BRONSTEIN

VICE PRESIDENT (MLC)

Total calculated

$0

Hours/week

1 + 1 related
Guissou DabiriGUISSOU DABIRI

VICE PRESIDENT (WFB)

Total calculated

$0

Hours/week

1 + 1 related
Ken WeinerKEN WEINER

VICE PRESIDENT (GTN)

Total calculated

$0

Hours/week

1 + 1 related
Kevin CunninghamKEVIN CUNNINGHAM

TREASURER

Total calculated

$0

Hours/week

1 + 1 related
Brian PinheiroBRIAN PINHEIRO

ASSISTANT TREASURER

Total calculated

$0

Hours/week

1 + 1 related
Andrew EisensteinANDREW EISENSTEIN

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
David ConnorDAVID CONNOR

ASSISTANT SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
John AlshefskiJOHN ALSHEFSKI

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Ellen S FriedellELLEN S FRIEDELL

TRUSTEE

Total calculated

$0

Hours/week

4 + 4 related
Susan GleeksmanSUSAN GLEEKSMAN

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Justin KleinJUSTIN KLEIN

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Jeffrey LevinsohnJEFFREY LEVINSOHN

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Jeffrey MargoliesJEFFREY MARGOLIES

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Frances McNealFRANCES MCNEAL

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Jim RiesenbachJIM RIESENBACH

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Brian RothenbergBRIAN ROTHENBERG

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Crystle Roye-GillCRYSTLE ROYE-GILL

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Philip N RussoPHILIP N RUSSO

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Robin ShapiroROBIN SHAPIRO

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Joel SmithJOEL SMITH

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Steve UtkusSTEVE UTKUS

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Rachel VanceRACHEL VANCE

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Jeannine WebberJEANNINE WEBBER

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
Jim WhittonJIM WHITTON

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Form 990 of other organizations
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

CAMDEN SCHOOL OF MUSICAL ARTS

501(C)(3) · PROVIDE MUSIC & RELATED MUSIC PROGRAMS TO THE CAMDEN AREA AT AFFORDABLE FEES · NJ · controlled entity

Directly controlled by SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

SMS COLLABORATIVE MANAGEMENT LLC

TO SUPPORT SMS PRE-K SCHOLARSHIP COLLABORATIVE, LLC. · PA · income $0 · assets $0

Directly controlled by SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA
SETTLEMENT MUSIC SCHOOL PRE-K SCHOLARSHIP COLLABORATIVE LLC

TO PARTICIPATE IN PA EDUCATIONAL IMPROVEMENT SCHOLARSHIP TAX CREDIT PROGRAM · PA · income $0 · assets $0

Directly controlled by SMS COLLABORATIVE MANAGEMENT LLC

Provenance

Return type: form_990
Tax year: 2024
Filed: 8 September 2026
IRS schema version: 2024v5.5
Source object: 202632529349301228

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