Friday, April 9, 2010

Tax Files Show Harlem Art School’s Path to Ruin

clipped from www.nytimes.com
Tax Files Show Harlem Art School’s Path to Ruin


The Harlem School of the Arts, celebrated for equipping local children with skills in everything from dance to classical music, had for decades been a favorite of the city’s most charitable donors.


But in recent years, the nonprofit school sank into financial ruin: a $2 million surplus melted into a deficit of more than $1 million. A $1.5 million grant and the proceeds from a $1 million loan evaporated. Nearly half a million dollars in payroll taxes went unpaid.


The consequences now seem clear: The school has closed its doors, perhaps forever, locking out neighborhood children who dreamed of competing with their moneyed counterparts around the city for coveted arts slots at high schools and colleges.

No comments:

Post a Comment