Young Peoples Chorus Of New York City Inc
- Assets
- $5.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 54
- Location
- New York, NY
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 11-3372980
Organization Overview
Young Peoples Chorus Of New York City Inc is located in New York, NY. The organization was established in 1997. 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. As of 06/2022, Young Peoples Chorus Of New York City Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Peoples Chorus Of New York City 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, Young Peoples Chorus Of New York City Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 4.6% 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 PROVIDE CHILDREN OF DIVERSE ABILITIES AND ETHNIC BACKGROUNDS WITH A UNIQUE PROGRAM OF MUSIC APPRECIATION AND CHORAL PERFORMANCE THAT SEEKS TO FULFILL EACH CHILD'S MUSICAL POTENTIAL, WHILE CREATING A MODEL OF ARTISTIC EXCELLENCE AND HARMONY THAT ENRICHES OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUNG PEOPLE'S CHORUS PROVIDES A COMPREHENSIVE KNOWLEDGE OF MUSIC TO APPROXIMATELY 2,255 BOYS AND GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco J Nunez President | OfficerTrustee | 40 | $275,206 |
Courtney A Casey COO | 40 | $150,508 | |
Amy C Leclair Key Employee | 40 | $139,531 | |
Elizabeth Nunez Associate Artistic Directo | 40 | $125,589 | |
Nancy Bloom Ex-Officio | 40 | $119,887 | |
Robert Neis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,644,951 |
| Related organizations | $0 |
| Government grants | $1,160,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,775,058 |
| Noncash contributions included in lines 1a–1f | $165,424 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,580,142 |
| Total Program Service Revenue | $731,601 |
| Investment income | $15,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,680 |
| Net Income from Fundraising Events | $175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,381,162 |
| 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. | $858,698 |
| Compensation of current officers, directors, key employees. | $110,751 |
| Compensation to disqualified persons | $1,247,903 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,398 |
| Payroll taxes | $158,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,988 |
| Fees for services: Accounting | -$2,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,983 |
| Advertising and promotion | $323,162 |
| Office expenses | $114,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $557,093 |
| Travel | $50,473 |
| 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 | $165,789 |
| Insurance | $40,480 |
| All other expenses | $5,574 |
| Total functional expenses | $4,979,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,889 |
| Savings and temporary cash investments | $1,059,519 |
| Pledges and grants receivable | $1,286,062 |
| Accounts receivable, net | $144,336 |
| 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 | $77,352 |
| Net Land, buildings, and equipment | $1,130,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,113,251 |
| Total assets | $5,108,088 |
| Accounts payable and accrued expenses | $197,843 |
| Grants payable | $0 |
| Deferred revenue | $148,033 |
| 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 | $149,707 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $750,022 |
| Total liabilities | $1,245,605 |
| Net assets without donor restrictions | $2,320,555 |
| Net assets with donor restrictions | $1,541,928 |
| 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 | $5,108,088 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Young Peoples Chorus Of New York City Inc has recieved totaling $797,302.
| Awarding Organization | Amount |
|---|---|
D J Mcmanus Foundation Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $180,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $130,000 |
Robert And Mercedes Eichholz Foundation Brooklyn, NY PURPOSE: GENERAL | $120,000 |
Ann And Gordon Getty Foundation San Francisco, CA PURPOSE: TO PROMOTE THE FIELDS OF MUSIC, THE OPERA, AND THE SYMPHONY | $50,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - ARTISTIC RESERVES | $50,000 |
Pvh Foundation Inc New York, NY PURPOSE: GENERAL DONATION | $50,000 |
Endowment Analysis
| Beg. Balance | $816,020 |
| Earnings | $51,316 |
| Grants | $25,658 |
| Ending Balance | $841,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Peoples Chorus Of New York City Inc New York, NY | $5,108,088 | $5,381,162 |
Black Lily Inc Philadelphia, PA | $3,931,726 | $4,267,503 |
Bach Choir Of Bethlehem Bethlehem, PA | $8,668,443 | $1,522,038 |
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 |
Teutonia Maennerchor Of Allegheny City Pittsburgh, PA | $434,873 | $973,808 |
Philadelphia Boys And Girls Choirs Philadelphia, PA | $1,941,949 | $771,480 |
Westrick Music Academy Inc Princeton Jct, NJ | $619,346 | $775,626 |
Emmanuel Music Inc Boston, MA | $1,039,316 | $847,064 |