2012-03-01T12:13:46-06:00 2011-06-30 Heveron & Heveron CPAs 260 Plymouth Avenue South Rochester NY 14608 990 2010-07-01 160768758 The David Hochstein Memorial Music School Inc DAVI 5854544596 50 North Plymouth Avenue Rochester NY 14614 Margaret Quackenbush 5854544596 2012-03-01 1 Stephanie Annunziata 5852322956 2010 2016-02-24 21:20:13Z Margaret Quackenbush 50 North Plymouth Avenue Rochester NY 14614 6297616 0 X www.hochstein.org X 1920 NY Provide music and dance education to nurture & encourage personal achievement. 30 30 169 94 9178 -31888 609411 526136 1800228 1825781 107351 434305 138053 371127 2655043 3157349 296095 269245 0 0 1851037 1845755 0 0 96014 767250 836544 2914382 2951544 -259339 205805 8132682 8545933 686636 578608 7446046 7967325 The David Hochstein Memorial Music School, Inc. provides our community with excellent music and dance education in an environment which nurtures and encourages personal achievement. 0 0 1913894 181633 1637207 Music and Dance: Students aged infants to senior citizens participated in 3,389 units of activity during the 36-week school year and 6-week summer sessions, taking weekly individual lessons, musicianship and dance classes, vocal and instrumental ensembles (chamber music, choirs, bands, jazz combos, orchestras), to develop skills and knowledge in music and dance. Over 100 student performances were offered, free to the public. 835 preschool and elementary age children also received ongoing musicianship training at their private schools, charter school, day care programs, etc. from Hochstein faculty members. 355183 87612 281112 Music Therapy: 1,211 clients were served throughout the 36-week school year and 6-week summer sessions; students from preschool to senior citizen ages participated in weekly individual therapy sessions and group therapy sessions, to develop cognitive, physical, social, and emotional skills contributing to their independence and quality of life. Many of the participants also perform in periodic concerts at Hochstein and in the community. 2269077 1 1 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 18 0 0 169 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X The Organization 5854544596 50 North Plymouth Avenue Rochester NY 14614 Betsy Archibald 0.50 X 0 0 0 Elizabeth G Bakken 0.50 X 0 0 0 Todd D Butler 0.50 X 0 0 0 Robert B Calihan Esq 0.50 X 0 0 0 Sarah H Collins 0.50 X 0 0 0 Betsy T Friedman 0.50 X 0 0 0 Linda G Gillim 0.50 X 0 0 0 Peter Holloran 0.50 X 0 0 0 Robert D Hursh 0.50 X 0 0 0 David Lane 0.50 X 0 0 0 William J Lewandowski Esq 0.50 X 0 0 0 Paul M Nasipak 0.50 X 0 0 0 Amy Navor 0.50 X 0 0 0 C Allan Reeve Esq 0.50 X X 0 0 0 Dr Marc Rossow 0.50 X 0 0 0 Jeffrey A Roloson 0.50 X 0 0 0 Stephen Wershing 0.50 X 0 0 0 Susan J Scanlon Esq 0.50 X X 0 0 0 Josephine E Whang 0.50 X 0 0 0 Katherine T Schumacher 0.50 X 0 0 0 Sidney H Sobel MD 0.50 X 0 0 0 Brian S Story 0.50 X 0 0 0 William F Sullivan 0.50 X 0 0 0 Ann Thomas 0.50 X X 0 0 0 Jacqueline A Zuber 0.50 X X 0 0 0 Jim Agostinelli 0.50 X 0 0 0 Jeremy A Cooney Esq 0.50 X 0 0 0 Marilyn Merrigan 0.50 X 0 0 0 Anthony Piazza Esq 0.50 X 0 0 0 Donna Ferrara 0.50 X 0 0 0 Dr Margaret Quackenbush 40.00 X 112463 0 3084 112463 0 3084 1 0 0 0 0 15539 25869 48400 436328 44312 526136 Tuition and Registrati 611600 1825781 1825781 1825781 86881 86881 118763 4008 118763 4008 122771 85513 9178 28080 3456299 3108875 347424 347424 347424 36640 25869 30957 5683 5683 723 435 288 288 Other Revenue 611600 242385 7025 235360 242385 3157349 1918319 9178 703716 269245 269245 109164 56765 36024 16375 1542726 1287171 200739 54816 50004 41844 6398 1762 143861 117735 20097 6029 7450 7450 14400 14400 37528 37528 81462 38766 42696 33992 33992 65767 12414 47147 6206 28721 28721 284917 233053 48889 2975 25658 21888 3770 18631 18631 188255 160915 25975 1365 Educational Supplies 15471 15471 Recitals and Performanc 9742 9742 Bad Debt Expense 9377 9377 Board Approved Projects 2626 2416 184 26 12547 1652 4435 6460 2951544 2269077 586453 96014 122676 231737 13855 15755 466242 370717 95504 101516 637 637 37465 31516 7308234 3218465 4158570 4089769 3237733 3704286 8132682 8545933 124549 124618 70524 26490 16563 475000 427500 686636 578608 X 5811477 6341812 483829 463578 1150740 1161935 7446046 7967325 8132682 8545933 X 205805 315474 X 0 1 1 X 0 X 1091783 1375309 851490 609411 526136 4454129 1544038 1845521 1813201 1801411 1826504 8830675 36655 44338 21518 35666 36640 174817 2672476 3265168 2686209 2446488 2389280 13459621 0 0 0 13459621 179281 218271 200018 179565 209652 986787 10158 10158 179281 218271 200018 189723 209652 996945 3409 35601 14913 7938 242385 304246 2855166 3519040 2901140 2644149 2841317 14760812 0.91180 0.92030 0.06750 0.06790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 1150740 11195 1161935 1140365 10375 1150740 1100660 39705 1140365 1.00000 0 0 495662 495662 5683816 2363072 3320744 542491 429448 113043 586265 425945 160320 4089769 3157349 2951544 205805 315474 315474 521279 2751026 27982 27982 2723044 434305 434305 3157349 2753743 27982 27982 2725761 37528 188255 225783 2951544 Part IV, Line 2b: The David Hochstein Memorial Music School held security deposits for Parking Lot in the prior year. Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment fund is to support the current operating budget of Hochstein by releasing a sustainable supplemental flow of income and appreciation to be used for the general purposes of the School, to provide for the long term growth of the principal of the invested funds, and to provide a reserve of last resort for the School. Description of Uncertain Tax Positions Under FIN 48: Part X: FASB ASC #740, Income Taxes, requires entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years including the year ended June 30, 2008 and later, are subject to examination by tax authorities. Areas that IRS and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. The Organization does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liability for penalties or interest. The Organization is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements. Part XII, Line 4b - Other Adjustments: Realized Gain on Investments 347,424. Investment Income 86,881. Part XIII, Line 4b - Other Adjustments: Depreciation 188,255. Golf Tournament 18093 7410 10683 8410 1374 The Big Easy 20635 7640 12995 5140 600 4505 2 21739 10819 10920 249 5440 4386 60467 25869 34598 13799 6040 10265 30104 4494 1 Tuition assistance 1704 265033 Tuition Rates Reduced or free tuition. Scholarships 25 4212 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Tuition assistance awards to individuals and families who participate in our programs are made on the basis of required documentation, guidelines and sliding fee scales established by the School's administration; requests for assistance beyond the established guidelines are reviewed by the President & Executive Director, who make final decisions. X Musical instruments 20 36742 Opinions of experts X Gift Cards 121 2584 Cost X Small furnitures & stuff 57 4987 Sale of comparable properties 0 0 0 Form 990, Part VI, Section A, line 4 The By-Laws amended that entire Board of Directors shall consist of thirty members from not less than eighteen nor more than thirty members from prior By-Laws. Form 990, Part VI, Section B, line 11 The Form 990 will be reviewed by members of the Board's Finance/Audit Committee before filing. Form 990, Part VI, Section B, line 12c Conflict of interest disclosure statements are completed annually by Board members and by the School's senior staff; they are reviewed by the School's President and the Board Chair. Individual statements are updated if a Board member/Board member's firm has been contracted by the School for compensated services. In 2010-2011 we had no such contracts with Board members or firms in which Board members had an interest. Quarterly, Board members are reminded to provide to the School's President any changes in their affiliations that may result in a conflict of interest. If a potential conflict is identified, the nature of the potential conflict is explored to determine whether a conflict of interest that has bearing on decisions made and/or funds expended. If the School considers contracting with a Board member/a Board member's firm, the Board member is required to abstain from any committee or full Board deliberation and approval process. Form 990, Part VI, Section B, line 15 The President/Executive Director's salary is evaluated as part of the annual budget process prepared by the Finance Committee, submitted to the Executive Committee of the Board for review and offered to the full Board for their approval. Form 990, Part VI, Section C, line 19 All governing documents, conflict of interest policy, and financial statements are available upon request. Summary information about the School's financial position, members of the public served, and other accomplishments are published in an annual report, available in print on request as well as on the School's website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 315,474. This return is being filed between March 1, 2012, and March 30, 2012, as directed by the IRS in Notice 2012-4, because electronic filing was not available January 1, 2012 through February 29, 2012. We request that penalties be waived because it would be inequitable to impose a penalty on us due to the unusual circumstances requiring us to delay the filing of this return.