2025-07-15T07:03:25-05:00 2024-08-31 814236823 THE INNOVATIVE CPA GROUP LLC 1 ENTERPRISE DRIVE SUITE 210 SHELTON CT 06484 990 2023-09-01 061498198 SUZUKI MUSIC SCHOOL OF WESTPORT INC SUZU 2032279474 246 POST ROAD EAST WESTPORT CT 06880 ALISTAIR SHAW TREASURER 2032279474 2025-07-14 1 0 ALBERT M STIEWING P01516513 2034890612 2025-07-14 2023 2025-03-06 01:10:19Z ALISTAIR SHAW 246 POST ROAD EAST WESTPORT CT 06880 1337228 0 X WWW.SUZUKISCHOOLS.ORG X 1997 CT SEE SCHEDULE O 5 5 27 0 0 0 100743 172457 1070492 1116386 20210 10907 12436 -79686 1203881 1220064 11350 17580 0 0 787804 867680 0 0 67180 448408 474373 1247562 1359633 -43681 -139569 1774506 1777444 1364302 1506809 410204 270635 X OUR MISSION IS TO PROVIDE A HIGH STANDARD OF MUSICAL EDUCATION USING THE PHILOSOPHY AND METHODOLOGY OF DR. SHIN'ICHI SUZUKI. WE BELIEVE IN OFFERING A NURTURING ENVIRONMENT TO DEVELOP EXCELLENT MUSICAL SKILLS AND TO GUIDE ALL OUR STUDENTS TOWARDS A LIFELONG LOVE AND UNDERSTANDING OF MUSIC. WE PROMOTE THE VALUES OF RESPECT, DISCIPLINE, PERSONAL CONFIDENCE, TEAMWORK AND A STRONG WORK ETHIC, IN A WAY THAT ENRICHES FAMILY BONDS. WE ENCOURAGE OUR STUDENTS TO SHARE THEIR GIFTS WITH OTHERS WITHIN THE WIDER COMMUNITY. 0 0 1046673 17580 1118136 PROVIDE A HIGH STANDARD OF MUSICAL EDUCATION USING THE PHILOSOPHY AND METHODOLOGY OF DR. SHINICHI SUZUKI. 1046673 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 CT X ANDREW SMITH EXECUTIVE DIRECTOR 2032279474 246 POST ROAD EAST WESTPORT CT 06880 ALISTAIR SHAW DIRECTOR/TREASURER 2.00 X X 0 0 0 BARBARA BYRNE MCGOVERN DIRECTOR/PRESIDENT 2.00 X X 0 0 0 APARNA SRINVASAN DIRECTOR 2.00 X 0 0 0 RICHARD MICHALEK DIRECTOR/SECRETARY 2.00 X X 0 0 0 LISA BLAKE DIRECTOR 2.00 X 0 0 0 ANDREW SMITH EXECUTIVE DIRECTOR 40.00 X 105427 0 14400 105427 0 14400 1 0 0 0 0 102211 70246 172457 TUITION AND FEES 611610 1114840 1114840 EXTRACIRRICULAR ACTIVI 611610 1546 1546 1116386 10907 10907 4419 0 4419 4419 4419 30853 102211 116708 -85855 -85855 965 456 509 509 PAYMENT PLAN FEES 611610 700 700 MISCELLANEOUS INCOME 900099 541 541 1241 1220064 1118136 0 -70529 17580 17580 105427 42171 47442 15814 640783 544764 75107 20912 60980 47823 10123 3034 60490 47439 10042 3009 6449 6449 40858 40858 10183 10183 46648 41983 4665 3426 343 2569 514 23928 9571 11964 2393 213297 181303 21329 10665 33299 24974 6660 1665 4848 3878 485 485 BANK & CREDIT CARD FEES 35103 31593 3510 TEACHING EXPENSES 32133 32133 EXTRACIRRICULAR ACTIVIT 18313 18313 PRINTING & PRODUCTION 5138 2055 2569 514 750 750 1359633 1046673 245780 67180 382480 636505 269697 133108 145242 2839 2659 375 479794 345301 167791 134493 818591 858170 1774506 1777444 39911 33943 420380 527600 904011 945266 1364302 1506809 X 410204 270635 410204 270635 1774506 1777444 -139569 0 X X 0 1 X 0 0 X 74013 211430 419999 100743 172457 978642 1271765 1036417 1063668 1070492 1116386 5558728 1345778 1247847 1483667 1171235 1288843 6537370 5000 5000 10000 20000 0 5000 5000 10000 20000 6517370 1736 130 133 20210 10907 33116 1736 130 133 20210 10907 33116 9558 6710 3683 12436 32387 1357072 1254687 1487483 1203881 1299750 6602873 0.98710 0.98540 0.00500 0.00470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130036 66874 63162 341316 269985 71331 8442 8442 0 134493 SECURITY DEPOSIT 33778 RIGHT OF USE ASSET - OPERATING LEASE 824392 858170 OPERATING LEASE LIABILITY 945266 945266 X 1202484 0 1202484 17580 17580 1220064 1342053 0 1342053 17580 17580 1359633 PART X, LINE 2: THE SCHOOL EVALUATED ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF AUGUST 31, 2024, THE SCHOOL DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILIY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION GALA EVENT 39296 27211 12085 5020 8186 2000 127 GOLF TOURNAMENT 11291 11291 1915 6648 2 82477 75000 7477 3250 1204 796 4457 83105 133064 102211 30853 3250 5020 9390 2711 6457 89880 116708 -85855 1 FINANCIAL AID & SCHOLARSHIPS 17580 BOOK FINANCIAL AID & SCHOLARSHIPS OFFSET TUITION COSTS FOR STUDENTS ` PART I, LINE 2: EXECUTIVE DIRECTOR TYPICALLY INFORMS THE PARENTS IN PERSON OR CALLS THE PARENTS. THE BILLING DEPARTMENT THEN SENDS AN INVOICE WITH THE FINANCIAL AID AWARD APPLIED TO THE TUITION TO THE PARENTS. FOR THE KEYS FELLOWSHIP SCHOLARSHIPS, STUDENTS ARE SELECTED BY THE KEYS ORGANIZATION. THE KEYS ORGANIZATION NOTIFIES SARAH SMALE, ASSISTANT DIRECTOR, WHO CONTACTS THE FAMILIES AND EXPLAINS HOW THE KEYS FELLOWSHIP WORKS. THE STUDENT THEN TAKES A TRIAL LESSON. IF THE STUDENT CHOOSES TO ENROLL, HIS/HER PARENTS COMPLETE A REGISTRATION. UPON RECEIPT OF THE REGISTRATION FORM, THE KEYS FELLOWSHIP AWARD OF 100% DISCOUNT IS APPLIED TO THE INVOICE. THE KEYS ORGANIZATION PROVIDES THE STRING INSTRUMENTS TO THESE STUDENTS. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: OUR MISSION IS TO GUIDE STUDENTS TO ACQUIRE A LIFELONG LOVE OF MUSIC AND DEVELOP EXCELLENT MUSICAL SKILLS. WE PROVIDE A HIGH STANDARD OF MUSICAL EDUCATION USING THE SUZUKI METHOD, A METHOD THAT PROMOTES THE VALUES OF RESPECT, DISCIPLINE, PERSONAL CONFIDENCE, TEAMWORK AND A STRONG WORK ETHIC, WITHIN A NURTURING ENVIRONMENT THAT ENRICHES FAMILY BONDS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS ARE GIVEN A DRAFT OF THE FORM 990, PREPARED BY AN INDEPENDENT ACCOUNTANT, FOR REVIEW AND APPROVAL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL REVIEW TO CONFIRM THAT THERE ARE NO CONFLICTS OF INTEREST WITHIN THE BOARD OF DIRECTORS THAT WOULD RESULT IN THE AFFECTED PERSON BEING DISMISSED FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR DETERMINES THE COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMTTEE WITHIN ITS BOARD OF DIRECTORS THAT OVERSEES THE AUDIT PROCESS.