2018-05-08T11:02:22-05:00 2017-08-31 362663358 Porte Brown LLC 845 Oakton Street Elk Grove Village IL 60007 990 2016-09-01 510192597 THE PEOPLE'S MUSIC SCHOOL PEOP 7737847032 931 W EASTWOOD AVE CHICAGO IL 60640 JENNIFER KIM MATSUZAWA EXECUTIVE DIRECTOR 7737847032 2018-05-03 1 Genevra Knight P00363276 8479561040 2016 2022-09-23 18:48:47Z JENNIFER KIM MATSUZAWA 931 W EASTWOOD AVE CHICAGO IL 60640 2239946 0 X WWW.PEOPLESMUSICSCHOOL.ORG X 1976 IL To deliver high-quality, tuition free music education. 15 15 65 500 0 0 2023724 1983929 0 0 20712 25530 43234 -33498 2087670 1975961 0 0 0 0 811298 944412 0 0 217232 378645 335278 1189943 1279690 897727 696271 2918227 3624821 68893 48931 2849334 3575890 X The People's Music School delivers high-quality, tuition free music education to 600 students across 40 zip codes in Chicago. We aim to unlock the potential of Chicago's Youth through music by offering intensive instruction and performance. Their achievement to music transfers to other areas in life and our students grow musically, socially, emotionally and intellectually. They develop a foundation of responsibility, self esteem, resilience and purpose. 0 0 981428 The People's Music School delivered tuition free music education to 600 students from across 40 zip codes in Chicago in FY17. At our four program sites, each student received between 2-12 hours of high quality musical instruction each week. Together our students comprise 25 ensembles across music genres. 98% of students advance at least one musical level each year. 981428 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 59 0 65 1 0 0 0 0 0 1 1 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JENNIFER KIM MATSUZAWA 7737847032 931 W EASTWOOD AVE CHICAGO IL 60640 ANDREW BANKERT PRESIDENT 2.00 X X 0 0 0 MICHAEL BUCK Secretary 2.00 X X 0 0 0 ERIN DELANEY Director 1.00 X X 0 0 0 MARLO GAAL Director 1.00 X 0 0 0 JASON KLEIN Director 1.00 X 0 0 0 RITA SIMO FOUNDER 1.00 X 0 0 0 Sonya Miller Director 1.00 X 0 0 0 Tracy Sefl Director 1.00 X 0 0 0 Jonathan Kletzel Director 1.00 X 0 0 0 Jennifer Keller Director 1.00 X 0 0 0 Jamie Cleghorn TREASURER 1.00 X X 0 0 0 Peter Sheren Director 1.00 X 0 0 0 Mark Affolter Director 1.00 X 0 0 0 NOAM FRANKEL Director 1.00 X 0 0 0 PENNY SILVERMAN DIRECTOR 1.00 X 0 0 0 ELLEN FELDMAN DIRECTOR 1.00 X 0 0 0 JENNIFER KIM MATSUZAWA Executive Dir. 40.00 X 75000 0 0 75000 0 0 0 0 0 0 0 258058 15900 1709971 35610 1983929 20908 20908 234988 230366 4622 4622 4622 0 258058 33619 -33619 -33619 Misc. revenue-Excluded 900099 121 121 121 1975961 0 0 -7968 75000 60169 2146 12685 869412 688255 37317 143840 100 100 8450 8450 42231 17512 1997 22722 20889 3294 4421 13174 15864 11432 991 3441 25663 21878 837 2948 6865 4509 488 1868 54742 51430 2070 1242 15125 12327 832 1966 Instrument Costs 48561 48561 In-Kind Contributions 20610 14425 6185 Bank Fees 14456 14456 Computer Hardware & Sof 14420 11698 852 1870 47302 35938 6073 5291 1279690 981428 81030 217232 572800 712966 643451 1171885 525250 477500 4049 1389 5269 8890 1532796 1082860 450200 449936 717208 802255 2918227 3624821 68893 32931 0 16000 68893 48931 X 2161953 2637349 677381 910000 10000 28541 2849334 3575890 2918227 3624821 696271 30285 0 X 0 1 X 1 0 X 700335 489122 1490593 1992783 1983929 6656762 111795 131587 55478 65945 364805 812130 620709 1546071 2058728 1983929 7021567 848 4657 8491 56241 146127 216364 0 848 4657 8491 56241 146127 216364 6805203 17131 36472 23564 20712 20908 118787 17131 36472 23564 20712 20908 118787 3050 121 3171 829261 657181 1569635 2082490 2004958 7143525 0.95260 0.96520 0.01660 0.01990 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous - 2015 Amount: $ 3,050. 2016 Amount: $ 121. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 1236070 949161 286909 45032 4436 40596 191694 129263 62431 449936 Deferred Compensation 16000 16000 X 2202807 30285 162941 33620 226846 1975961 0 1975961 1476251 162941 33620 196561 1279690 0 1279690 Part X, Line 2: The Organization has adopted the provisions of ASC Topic 740, Income Taxes, relating to the accounting for uncertainty in income taxes. The Organization files income tax returns in the U.S. federal jurisdiction and the state of Illinois. Management is not aware of any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Special event expenses 33,620. Part XII, Line 2d - Other Adjustments: Special event expenses 33,620. 40th ANNIVERSARY 199010 199010 10738 15944 700 3580 PERFORMAPALOOZA 53163 53163 1128 13 734 2 5885 5885 666 116 258058 258058 11404 17188 713 4314 33619 -33619 X MUSICAL INSTRUMENTS 9 22425 FAIR VALUE X PIANO LESSONS 1 7000 FAIR VALUE X VIDEO PRODUCTION 1 6185 FAIR VALUE 0 0 0 Form 990, Part VI, Section B, line 11b The COO and finance team provide inputs to Form 990, the auditors prepare the form, and the President and Artistic Director and COO review it. Form 990, Part VI, Section B, line 12c Board members sign the conflict of interest policy once a year. Form 990, Part VI, Section B, line 15 The President and Artistic Director benchmarks salaries with comparable organizations to determine, review, and approve staff compensation. The board benchmarks salaries with comparable organizations to determine, review, and approve staff compensation. Form 990, Part VI, Section C, line 19 Governing documents and financial records are available in our annual report and upon request.