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AMERICAN SOCIETY OF THE ROYAL ACADEMY OF MUSIC
NEW YORK, NY · EIN 274933981 · Form 990 · FY2023 · NTEE A26 · Arts, Culture & Humanities · Small ($100K-$1M)
revenue
$367K
expenses
$328K
net assets
$622K
employees
0
program ratio
95%
mission · from form 990

TO PROVIDE SUPPORT FOR MUSIC AND THE ARTS.

profile · synthesized from sources

The American Society of the Royal Academy of Music provides financial support to students at the Royal Academy of Music, particularly those facing economic hardship. The organization funds scholarships, bursaries, and emergency grants to assist with educational expenses. Its work is focused on enabling access to music education and supporting trainee musicians.

irs program accomplishments · form 990 part iii · fy2021

What they reported doing

  1. #1 primary $60K
    FINANCIAL SUPPORT FOR STUDENTS
  2. #2 $28K
    GREATEST NEED AND WOODWIND FUND
named programs · 3 · from sources

What they call their work

Financial Support for Students
Provides grants to students at the Royal Academy of Music experiencing financial hardship
Greatest Need and Woodwind Fund
Supports students with urgent financial needs, particularly those studying woodwind instruments
Scholarships and Bursaries Program
Offers need-based scholarships and bursaries to enable students to study at the Royal Academy of Music
activities · 2 groups

What they do

  • University-Specific Endowment and Program Funding 1 activity
    • Administering designated grant funds
      Disburses funds through specific named funds, including the Greatest Need and Woodwind Fund, to support institutional financial aid initiatives.
  • Arts Education Scholarships 1 activity
    • Funding student scholarships and bursaries
      Provides financial support to students, including through scholarships and bursaries, to support their studies at the Royal Academy of Music. This includes aid for students experiencing financial hardship due to the coronavirus pandemic.
financials · form 990 · fy2023
revenue
Total revenue$367K
Contributions & grants$367K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$328K
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$0
Grants paid out$311K
Largest expense lineProfessional Fees
balance sheet
Total assets$622K
Cash$616K
Investments$0
Liabilities$0
Net assets$622K
Liquid reserves22.5 mo
4 years on record · 2020–2023 · YoY revenue -30.5%
leadership · form 990 part vii · fy2023

Who runs it

board members · 5
  • AUGUSTA READ THOMAS — TRUSTEE
  • CHARLES GRAHAM — PRESIDENT
  • JEFFREY WEHNER — TRUSTEE
  • STEVEN FOX — TRUSTEE
  • TANYA BANNISTER — TRUSTEE
relationships · 1

Who they work with

  • Royal Academy of Music Partner — Provides scholarships and bursaries for students to study at the Royal Academy of Music.