Greater Princeton Youth Orchestra
- Assets
- $232.1k
- Revenue
- $336.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Princeton, NJ
- Founding
- 04/1979
- Data as of
- 08/2022
- EIN
- 51-0147091
Organization Overview
Greater Princeton Youth Orchestra is located in Princeton, NJ. The organization was established in 1979. 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, Greater Princeton Youth Orchestra employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Princeton Youth Orchestra 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, Greater Princeton Youth Orchestra generated $336.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $180.8k during the year ending 08/2022. While expenses have increased by 2.4% 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
THE MISSION OF THE GREATER PRINCETON YOUTH ORCHESTRA IS TO PROVIDE HIGH LEVEL MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR STUDENTS SEEKING ADVANCED SKILLS BEYOND THE OFFERINGS OF THE SCHOOL SYSTEM AND TO CULTIVATE A LIFELONG APPRECIATION OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER PRINCETON YOUTH ORCHESTRA CONDUCTS PERFORMANCE WORKSHOPS, ENSEMBLES, ARTIST SHOWCASES AND CONCERTO COMPETITIONS. ENSEMBLES ARE OPEN TO ELEMENTARY TO HIGH SCHOOL STUDENTS BY COMPETITIVE AUDITION. THROUGH THEIR INVOLVEMENT WITH THE ORCHESTRA, GIFTED YOUNG MUSICIANS FROM ACROSS CENTRAL NEW JERSEY AND PENNSYLVANIA HONE THEIR SKILLS AS PERFORMERS IN A LARGE ORCHESTRAL GROUP, AS WELL AS IN CHAMBER AND QUARTET ENSEMBLES. THEY LEARN TO WORK WITH OTHERS IN PURSUING COMMON GOALS, AND ENRICH ALL OF OUR LIVES THROUGH PUBLIC PERFORMANCES OF CLASSICAL MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Defreese Chair | OfficerTrustee | 5 | $0 |
Yanto Muliadi Treasurer | OfficerTrustee | 2 | $0 |
Teresa Marrin Nakra Secretary | OfficerTrustee | 2 | $0 |
Francisco Cervantes Trustee | Trustee | 1 | $0 |
Sunny Chen Trustee | Trustee | 1 | $0 |
Michael Donahue Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $872 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,834 |
| Noncash contributions included in lines 1a–1f | $232,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,706 |
| Total Program Service Revenue | $85,856 |
| Investment income | $1,035 |
| 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 | $336,597 |
| 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. | $82,280 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,720 |
| Advertising and promotion | $1,964 |
| Office expenses | $9,476 |
| Information technology | $724 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,874 |
| All other expenses | $0 |
| Total functional expenses | $180,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,438 |
| Savings and temporary cash investments | $197,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $486 |
| 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 | $1,993 |
| 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 | $232,053 |
| Accounts payable and accrued expenses | $3,904 |
| Grants payable | $0 |
| Deferred revenue | $50,874 |
| 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 | $54,778 |
| Net assets without donor restrictions | $14,718 |
| Net assets with donor restrictions | $162,557 |
| 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 | $232,053 |