Golden Tones Inc
- Assets
- $913.2k
- Revenue
- $89.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Natick, MA
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 04-3274268
Organization Overview
Golden Tones Inc is located in Natick, MA. The organization was established in 1996. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Tones 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 12/2021, Golden Tones Inc generated $89.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $98.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHORUS, WHICH INCLUDES APPROXIMATELY 50 SINGING MEMBERS AND 10 NONSINGING MEMBERS, HOLDS ABOUT 40 REHEARSALS AND 40 PERFORMANCES ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHORUS, WHICH INCLUDES APPROXIMATELY 50 SINGING MEMBERS AND 10 NONSINGING MEMBERS, HOLDS ABOUT 40 REHEARSALS AND 40 PERFORMANCES ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Lee Marion Exec Director | Trustee | 40 | $61,930 |
Kathleen Bell Board Member | Officer | 10 | $0 |
Emily Collins Board Member | Officer | 10 | $0 |
Richard Repose Treasurer | Officer | 20 | $0 |
Ellen King President/clerk | Officer | 20 | $0 |
Carol O'neill Vice President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,981 |
| Total Program Service Revenue | $3,215 |
| Investment income | $27,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,602 |
| Net Income from Fundraising Events | $17,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,930 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,751 |
| Advertising and promotion | $0 |
| Office expenses | $754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,815 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $117 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66 |
| Insurance | $10,333 |
| All other expenses | $728 |
| Total functional expenses | $98,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $891,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $913,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $913,184 |
| Net assets with donor restrictions | $0 |
| 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 | $913,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden Tones Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Peoples Chorus Of New York City Inc New York, NY | $5,108,088 | $5,381,162 |
Brooklyn Youth Chorus Academy Inc Brooklyn, NY | $4,251,363 | $1,486,851 |
Mastervoices Inc New York, NY | $779,342 | $1,755,720 |
Zamir Choral Foundation Inc New York, NY | $1,054,675 | $1,768,406 |
Zumix Inc East Boston, MA | $5,117,381 | $3,178,519 |
Bay State Performing Arts Inc Boston, MA | $718,080 | $1,098,375 |
Chorus Of Westerly Westerly, RI | $5,722,371 | $830,537 |
Emmanuel Music Inc Boston, MA | $1,039,316 | $847,064 |
Arts Empowering Life Inc Orleans, MA | $1,601,006 | $693,994 |
Albany Pro Musica Inc Troy, NY | $1,087,348 | $710,352 |
Mountain Top Music Center Conway, NH | $3,445,290 | $535,467 |
Jack Music Inc New York, NY | $470,697 | $767,436 |