Boston Youth Symphony Orchestra Inc
- Assets
- $11.8m
- Revenue
- $7.3m
- Investments
- $6.6m
- Employees
- 55
- Location
- Boston, MA
- Founding
- 06/1983
- Data as of
- 06/2022
- EIN
- 04-2790069
Organization Overview
Boston Youth Symphony Orchestra Inc is located in Boston, MA. The organization was established in 1983. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Boston Youth Symphony Orchestra Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Youth Symphony Orchestra Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Boston Youth Symphony Orchestra Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE MUSICAL EXCELLENCE IN A PROFESSIONAL AND SUPPORTIVE ENVIRONMENT BY PROVIDING THE HIGHEST QUALITY ORCHESTRA TRAINING AND PERFORMANCE OPPORTUNITIES TO QUALIFIED MUSICIANS, GRADES K-12, AND MAKING ITS PROGRAMS ACCESSIBLE TO UNDERSERVED COMMUNITIES THROUGH FINANCIAL ASSISTANCE AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORCHESTRA OPERATIONS - TO SUPPORT THE PROGRAMMATIC WORK OF ALL THE ORCHESTRAS.
BOSTON SYMPHONY ORCHESTRA PARTNERSHIP - A CONCERT COLLABORATION OF BYSO STUDENTS AND BSO PROFESSIONAL MUSICIANS
CONCERT PRODUCTIONS - TO PROVIDE LOGISTICAL SUPPORT TO THE ORCHESTRAS AT BOSTON UNIVERSITY AND OUTSIDE CONCERT VENUES.
MARKETING - TO MARKET THE ORCHESTRAS AND TO SELL TICKETS TO PATRONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Chen President | OfficerTrustee | 1 | $0 |
Cecilia O'keefe Vice President | OfficerTrustee | 1 | $0 |
Jean-Marc Berteaux Vice President | OfficerTrustee | 1 | $0 |
Michael Berk Treasurer | OfficerTrustee | 1 | $0 |
Ben Brady Secretary | OfficerTrustee | 1 | $0 |
Joe Correia Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,372 |
| Related organizations | $0 |
| Government grants | $425,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,937,895 |
| Noncash contributions included in lines 1a–1f | $10,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,601,393 |
| Total Program Service Revenue | $1,677,643 |
| Investment income | $86,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $315 |
| Net Income from Fundraising Events | -$75,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $966 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,291,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $143,901 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,942 |
| Compensation of current officers, directors, key employees. | $148,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,255 |
| Payroll taxes | $122,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $106,070 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,900 |
| Advertising and promotion | $42,526 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,472 |
| Travel | $11,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,252 |
| Insurance | $45,657 |
| All other expenses | $142,968 |
| Total functional expenses | $3,620,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,208 |
| Savings and temporary cash investments | $1,525,654 |
| Pledges and grants receivable | $1,273,885 |
| Accounts receivable, net | $29,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,985 |
| Net Land, buildings, and equipment | $265,045 |
| Investments—publicly traded securities | $2,049,012 |
| Investments—other securities | $6,596,044 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,785,583 |
| Accounts payable and accrued expenses | $328,065 |
| Grants payable | $0 |
| Deferred revenue | $294,908 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $622,973 |
| Net assets without donor restrictions | $2,272,517 |
| Net assets with donor restrictions | $8,890,093 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,785,583 |