Newark Boys Chorus School
- Assets
- $1.7m
- Revenue
- $2.2m
- Investments
- $282.0
- Employees
- 10
- Location
- Newark, NJ
- Founding
- 06/1970
- Data as of
- 06/2021
- EIN
- 22-1893378
Organization Overview
Newark Boys Chorus School is located in Newark, NJ. The organization was established in 1970. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Newark Boys Chorus School employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Boys Chorus School 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, Newark Boys Chorus School generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $977.0k during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP OUR STUDENTS INTO SUCCESSFUL YOUNG MEN OF SOUND CHARACTER THROUGH RIGOROUS ACADEMIC AND MUSICAL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL AND MUSIC PROGRAM
OPERATION OF A SCHOOL AND MUSIC PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chapin Head Of School | 40 | $145,000 | |
Robert Wright Chairman | OfficerTrustee | 2 | $0 |
Jerome Kearns Secretary | OfficerTrustee | 2 | $0 |
Mary Bentley Lamar Vice Chair | OfficerTrustee | 2 | $0 |
Frank Melaccio Treasurer | OfficerTrustee | 2 | $0 |
Jason Mcnish Board Chief Of Staff | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $412,583 |
| Related organizations | $0 |
| Government grants | $172,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,595,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,179,937 |
| Total Program Service Revenue | $15,985 |
| Investment income | $462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,196,384 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $23,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,082 |
| Payroll taxes | $46,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,839 |
| Advertising and promotion | $0 |
| Office expenses | $710 |
| Information technology | $14,264 |
| Royalties | $0 |
| Occupancy | $135,874 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,069 |
| All other expenses | $3,736 |
| Total functional expenses | $976,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,632 |
| Savings and temporary cash investments | $1,125,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,180 |
| 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 | $16,732 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $282 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,000 |
| Total assets | $1,670,876 |
| Accounts payable and accrued expenses | $23,749 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $362,252 |
| Other liabilities | $600 |
| Total liabilities | $388,601 |
| Net assets without donor restrictions | -$21,223 |
| Net assets with donor restrictions | $1,303,498 |
| 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 | $1,670,876 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Newark Boys Chorus School has recieved totaling $220,368.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: SUPPORT FOR SCHOOL ACTIVITIES THAT IMPACT STUDENTS GRADES 4-8 THROUGH HIGH ACADEMIC STANDARDS AND CIVIC LEADERSHIP. | $100,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $33,750 |
Turrell Fund Montclair, NJ PURPOSE: PROGRAM SUPPORT | $15,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $14,618 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |