Manhattan School of Music

Nonprofit profile at a glance

EIN
131656667
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2020
Location
New York, NY, USA
Phone
212-749-2802
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Arts Education

Official website

Reported finances

Revenue
$89,941,256
Expenses
$82,654,720
Assets
$118,188,258
Liabilities
$21,258,336

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • JAMES GANDRE (TRUSTEE, EX-OFFICIO, SCHOOL PRESIDENT (REFER TO SCHEDULE J))
  • NATHAN J MORTIMER (SENIOR VICE PRESIDENT AND CFO (REFER TO SCHEDULE J))
  • CAROL MATOS (VICE PRESIDENT FOR ADMINISTRATION AND HUMAN RELATIONS (REFER TO SCHEDULE J))
  • JEFFREY BREITHAUPT (VICE PRESIDENT FOR MEDIA AND COMMUNICATIONS (REFER TO SCHEDULE J))
  • JOYCE L GRIGGS (EXECUTIVE VICE PRESIDENT AND PROVOST (REFER TO SCHEDULE J))
  • MELISSA COCCO-FERNANDEZ (VICE PRESIDENT FOR ENROLLMENT SERVICES (REFER TO SCHEDULE J))

Highest reported compensation

  • JAMES GANDRE (TRUSTEE, EX-OFFICIO, SCHOOL PRESIDENT (REFER TO SCHEDULE J)): $855,810 total reported compensation
  • NATHAN J MORTIMER (SENIOR VICE PRESIDENT AND CFO (REFER TO SCHEDULE J)): $370,151 total reported compensation
  • JOYCE L GRIGGS (EXECUTIVE VICE PRESIDENT AND PROVOST (REFER TO SCHEDULE J)): $369,863 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Manhattan School of Music is one of the world's premier music conservatories for classical music, jazz, and musical theatre.

What it reported doing in 2024

Other program service accomplishments include, but are not limited to, the following activities: the orto center for distance learning and recording arts: manhattan school of music launched its groundbreaking distance learning program in 1996, the first of its kind at a major conservatory. Since then, using state-of-the-art interactive video conference technology, the orto center has developed programs that connect students, educators, and distinguished artists around the globe and enhance the curriculum available to msm students. Additionally, hundreds of livestreamed concerts and master classes, featuring msm student ensembles and acclaimed faculty, attract a worldwide audience each year. Msm distance learning's awardwinning programs include its annual international master class series for higher education and the "music bridges" series for k-12 and lifelong learners. These interactive series are made up of master classes, private instruction, seminars, and standards-based classical and jazz thematic programs that can be delivered to higher-ed peers, k-12 classrooms, and community learning centers. The orto center also supports msm students, faculty, and staff in the use of digital learning tools, including canvas, msm's learning management system, kaltura, a campus-wide video content management system, and simple syllabus, a campus-wide syllabus management system. Orto center staff support faculty in the development and implementation of online courses in both synchronous and asynchronous delivery formats. The center for career readiness & community impact (ccrci): the ccrci guides msm students and recent graduates as they pursue personally meaningful career paths. Navigating the evolving landscape of a career in the performing arts requires artists to develop and refine new skills that will expand and enhance both their career opportunities and their impact on society. This program brings heightened relevance to students' educational needs and reflects msm's goal of graduating culturally responsive artist-citizens. The mission of the center for career readiness & community impact is to support our students' educational and professional growth as they pursue personally meaningful career paths, to provide experiential learning opportunities, and to reflect our goal of graduating culturally responsive artist-citizens. In addition to career-advancing coursework, the program's highlights include: a series of arts partnerships with local k-12 schools and memory care facilities; msm performances for visiting school groups; teaching placements for ccrci participants; a dynamic calendar of setting the stage workshops, resources for current students/alumni (including the hire a musician referral service, private teacher directory, and online opportunities board), and one-on-one career advising. In addition, the ccrci continues to oversee the newly expanded internship program that offers an array of experiential learning opportunities to enhance students' education.

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 88
  • Accountability: 90
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.1%; rating input score 84
  • Program expense ratio: 88.7%; rating input score 89
  • Fundraising efficiency: $4.27 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 82.6%; rating input score 83; 30th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.1%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 1.43; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 5.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 84.1% of revenue deployed · 88.7% of spending went to programs
  • Governance: 19 of 23 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $73.3M in reported program spending
  • Leadership: top reported pay $856K · 35 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.6M reported
  • Consistency: 48 of 48 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.