Musical Associates Of Central New York Inc
- Assets
- $3.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 171
- Location
- Syracuse, NY
- Founding
- 03/2013
- Data as of
- 08/2022
- EIN
- 46-1080817
Organization Overview
Musical Associates Of Central New York Inc is located in Syracuse, NY. The organization was established in 2013. 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 08/2022, Musical Associates Of Central New York Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musical Associates Of Central New York 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 08/2022, Musical Associates Of Central New York Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.7m during the year ending 08/2022. While expenses have increased by 1.3% 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 ENGAGE AND INSPIRE COMMUNITYMEMBERS THROUGHOUT CENTRAL NEW YORK THROUGH OUTSTANDING ORCHESTRAAND ENSEMBLE PERFORMANCES, AND INNOVATIVE EDUCATION ANDAND OUTREACH INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED OVER 35 ORCHESTRAL PERFORMANCES TO OVER 45,000 PEOPLE, & PRESENTED OVER 40 OUTREACH PERFORMANCES IN SCHOOLS, LIBRARIES AND HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Murchison Executive Director | Officer | 40 | $130,769 |
Kelly Covert Director & Musician | Trustee | 40 | $57,791 |
Gregory Wood Director & Musician | Trustee | 40 | $31,017 |
Amy Christian Director & Musician | Trustee | 40 | $30,515 |
Allan Kolsky Director & Musician | Trustee | 2 | $30,377 |
Mary Ann Tyszko President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,261,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,575,064 |
| Total Program Service Revenue | $602,783 |
| Investment income | $2,336 |
| 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 | $4,180,183 |
| 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. | $130,770 |
| Compensation of current officers, directors, key employees. | $65,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,434,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,866 |
| Payroll taxes | $141,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $96,014 |
| Office expenses | $41,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,300 |
| Travel | $0 |
| 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 | $33 |
| Insurance | $40,819 |
| All other expenses | $62,440 |
| Total functional expenses | $2,665,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,638,213 |
| Savings and temporary cash investments | $1,711,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,690 |
| 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 | $28,165 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,413,784 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $274,288 |
| 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 | $274,288 |
| Net assets without donor restrictions | $3,139,496 |
| 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 | $3,413,784 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Musical Associates Of Central New York Inc has recieved totaling $65,585.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; EDUCATIONAL SUPPORT; PROGRAM SUPPORT | $59,885 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,350 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |