Young Concert Artists Inc

Organization Overview

Young Concert Artists Inc is located in New York, NY. The organization was established in 1963. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Young Concert Artists Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Concert Artists 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 06/2021, Young Concert Artists Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DISCOVER AND LAUNCH THE CAREERS OF EXTRAORDINARY YOUNG MUSICIANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ARTIST MANAGEMENT SERVICES:YOUNG CONCERT ARTISTS PROVIDES PROFESSIONAL CAREER MANAGEMENT FOR YCA ARTISTS AND COMPOSERS. WINNERS OF THE YOUNG CONCERT ARTISTS INTERNATIONAL AUDITIONS, HELD ANNUALLY, RECEIVE A MANAGEMENT CONTRACT WITH YCA. YOUNG CONCERT ARTISTS PROVIDES PROMOTIONAL MATERIALS, BOOKS SEVERAL HUNDRED CONCERT ENGAGEMENTS AND EDUCATIONAL RESIDENCIES EACH YEAR THROUGHOUT THE UNITED STATES AND ABROAD, AND ARRANGES THE TRAVEL, PUBLICITY AND PROGRAMS FOR EACH CONCERT. YCA'S ARTIST MANAGERS COUNSEL THE ARTISTS ON THEIR CAREER DEVELOPMENT, AND HELP THE ARTISTS SECURE COMMERCIAL MANAGEMENT REPRESENTATION WHEN THE ARTISTS ARE READY TO LEAVE YCA.


YOUNG CONCERT ARTISTS SERIES IN NEW YORK:2020-2021 MARKED THE 60TH ANNIVERSARY OF THE YOUNG CONCERT ARTISTS SERIES IN NEW YORK. BECAUSE OF THE PANDEMIC, YCA ALTERED MANY REGULAR ACTIVITIES AS VIRTUAL EVENTS. THE 2020 YCA SUSAN WADSWORTH INTERNATIONAL AUDITIONS TOOK PLACE IN PERSON BUT WITHOUT AN AUDIENCE. THE ANNUAL WINNERS CONCERT ALONG WITH FOUR ARTIST DEBUTS AND FOUR MORGAN LIBRARY CONCERTS WERE PRESENTED VIRTUALLY WITHOUT AN AUDIENCE. A VIRTUAL 60TH ANNIVERSARY GALA TOOK PLACE IN MAY OF 2021. IN APRIL AND MAY OF 2021 YCA WAS ABLE TO INVITE SMALL AUDIENCES BACK TO CONCERTS. THESE WERE NON-TICKETED EVENTS OFFERED TO YCA BOARD MEMBERS AND KEY DONORS.YOUNG CONCERT ARTISTS SERIES IN WASHINGTON, D.C.:THE YOUNG CONCERT ARTIST SERIES IN WASHINGTON D.C. SUSPENDED MOST ACTIVITIES DURING THE 2020-2021 SEASON DUE TO THE PANDEMIC. ALL VIRTUAL CONCERTS STREAMED AS PART OF THE NY SERIES WERE SHARED WITH THE WASHINGTON AUDIENCE. ONE CONCERT TOOK PLACE IN MAY 2021 IN-PERSON WITH A SELECT GUEST LIST OF 50 BOARD MEMBERS AND KEY PATRONS.


KEEP OUR ARTISTS WORKING / COVID RELIEF FUND:THE PANDEMIC BROUGHT ON MUCH HARDSHIP FOR THE YOUNG ARTISTS OF YCA. MOST LIVE PERFORMANCES WERE CANCELLED, AND INCOME WAS LOST. YCA RAISED FUNDS TO HELP THE ARTISTS MAINTAIN THEIR CAREERS AS MUSICIANS THROUGH VIRTUAL PERFORMANCES, VIDEOS AND OTHER WORKS THAT WERE POSSIBLE DURING THIS TIME. THE KEEP OUR ARTISTS WORKING FUND SUPPORTED THE ARTISTS NEEDS FOR THESE PROJECTS AND PROVIDED COVID RELIEF GRANTS TO THE ARTISTS WHO QUALIFIED, TO COVER LIVING EXPENSES WHILE THEIR PERFORMANCE INCOME WAS AT A HALT.


YOUNG CONCERT ARTISTS INTERNATIONAL AUDITIONS IN NEW YORK CITY AND 60TH ANNIVERSARY GALA


ARTIST MANAGEMENT SERVICES:YOUNG CONCERT ARTISTS PROVIDES PROFESSIONAL CAREER MANAGEMENT FOR YCA ARTISTS AND COMPOSERS. WINNERS OF THE YOUNG CONCERT ARTISTS INTERNATIONAL AUDITIONS, HELD ANNUALLY, RECEIVE A MANAGEMENT CONTRACT WITH YCA. YOUNG CONCERT ARTISTS PROVIDES PROMOTIONAL MATERIALS, BOOKS SEVERAL HUNDRED CONCERT ENGAGEMENTS AND EDUCATIONAL RESIDENCIES EACH YEAR THROUGHOUT THE UNITED STATES AND ABROAD, AND ARRANGES THE TRAVEL, PUBLICITY AND PROGRAMS FOR EACH CONCERT. YCA'S ARTIST MANAGERS COUNSEL THE ARTISTS ON THEIR CAREER DEVELOPMENT, AND HELP THE ARTISTS SECURE COMMERCIAL MANAGEMENT REPRESENTATION WHEN THE ARTISTS ARE READY TO LEAVE YCA.


YOUNG CONCERT ARTISTS SERIES IN NEW YORK:2020-2021 MARKED THE 60TH ANNIVERSARY OF THE YOUNG CONCERT ARTISTS SERIES IN NEW YORK. BECAUSE OF THE PANDEMIC, YCA ALTERED MANY REGULAR ACTIVITIES AS VIRTUAL EVENTS. THE 2020 YCA SUSAN WADSWORTH INTERNATIONAL AUDITIONS TOOK PLACE IN PERSON BUT WITHOUT AN AUDIENCE. THE ANNUAL WINNERS CONCERT ALONG WITH FOUR ARTIST DEBUTS AND FOUR MORGAN LIBRARY CONCERTS WERE PRESENTED VIRTUALLY WITHOUT AN AUDIENCE. A VIRTUAL 60TH ANNIVERSARY GALA TOOK PLACE IN MAY OF 2021. IN APRIL AND MAY OF 2021 YCA WAS ABLE TO INVITE SMALL AUDIENCES BACK TO CONCERTS. THESE WERE NON-TICKETED EVENTS OFFERED TO YCA BOARD MEMBERS AND KEY DONORS.YOUNG CONCERT ARTISTS SERIES IN WASHINGTON, D.C.:THE YOUNG CONCERT ARTIST SERIES IN WASHINGTON D.C. SUSPENDED MOST ACTIVITIES DURING THE 2020-2021 SEASON DUE TO THE PANDEMIC. ALL VIRTUAL CONCERTS STREAMED AS PART OF THE NY SERIES WERE SHARED WITH THE WASHINGTON AUDIENCE. ONE CONCERT TOOK PLACE IN MAY 2021 IN-PERSON WITH A SELECT GUEST LIST OF 50 BOARD MEMBERS AND KEY PATRONS.


KEEP OUR ARTISTS WORKING / COVID RELIEF FUND:THE PANDEMIC BROUGHT ON MUCH HARDSHIP FOR THE YOUNG ARTISTS OF YCA. MOST LIVE PERFORMANCES WERE CANCELLED, AND INCOME WAS LOST. YCA RAISED FUNDS TO HELP THE ARTISTS MAINTAIN THEIR CAREERS AS MUSICIANS THROUGH VIRTUAL PERFORMANCES, VIDEOS AND OTHER WORKS THAT WERE POSSIBLE DURING THIS TIME. THE KEEP OUR ARTISTS WORKING FUND SUPPORTED THE ARTISTS NEEDS FOR THESE PROJECTS AND PROVIDED COVID RELIEF GRANTS TO THE ARTISTS WHO QUALIFIED, TO COVER LIVING EXPENSES WHILE THEIR PERFORMANCE INCOME WAS AT A HALT.


YOUNG CONCERT ARTISTS INTERNATIONAL AUDITIONS IN NEW YORK CITY AND 60TH ANNIVERSARY GALA


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Kellogg
President
$209,777
Mark Hayman
Former Executive Director
$164,153
Susan Wadsworth
Board Member
$129,072
Monica Felkel
Director, Artist Manager
$127,397
Annaliese Soros
Secretary
$0
Ellen Marcus
Vice Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$73,558
Fundraising events$106,379
Related organizations$0
Government grants $392,455
All other contributions, gifts, grants, and similar amounts not included above$1,366,382
Noncash contributions included in lines 1a–1f $77,122
Total Revenue from Contributions, Gifts, Grants & Similar$1,938,774
Total Program Service Revenue$311,568
Investment income $154,550
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $197,817
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,607,839

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Young Concert Artists Inc has recieved totaling $10,500.

Awarding OrganizationAmount
Winterburn Foundation

New York, NY

PURPOSE: PERFORMING ARTS

$10,000
Joseph And Constance Franklin Charitable Foundation Inc

New York, NY

PURPOSE: FOR GENERAL OPERATING SUPPORT.

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,744,747
Earnings$1,552,824
Other Expense$450,000
Ending Balance$9,847,571

Peer Organizations

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