Baltimore Choral Arts Society Inc
- Assets
- $2.4m
- Revenue
- $727.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- 10/1966
- Data as of
- 06/2022
- EIN
- 52-0824837
Organization Overview
Baltimore Choral Arts Society Inc is located in Baltimore, MD. The organization was established in 1966. 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, Baltimore Choral Arts Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Choral Arts Society 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, Baltimore Choral Arts Society Inc generated $727.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $788.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS A CHORUS THAT PERFORMS CHORAL AND ORCHESTRA MUSIC. PROVIDES MUSIC EDUCATION TO THE YOUTH.
Describe the Organization's Program Activity:
A VOLUNTEER CHORUS THAT PERFORMS PUBLIC CONCERTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Fishman Executive Director | Officer | 40 | $98,656 |
Anthony Blake Clark Music Director | Officer | 40 | $87,042 |
Carmen M Fonda Secretary | OfficerTrustee | 0.1 | $0 |
Lauren Madsen President | OfficerTrustee | 0.1 | $0 |
Dennis P Cole Jr Treasurer | OfficerTrustee | 0.1 | $0 |
Anne Bear Powell Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,905 |
| Related organizations | $0 |
| Government grants | $128,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,429 |
| Total Program Service Revenue | $96,131 |
| Investment income | $21,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,378 |
| Net Income from Fundraising Events | -$5,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $727,053 |
| 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. | $201,914 |
| Compensation of current officers, directors, key employees. | $38,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,750 |
| Payroll taxes | $23,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,390 |
| Office expenses | $38,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,995 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,529 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,386 |
| Insurance | $3,952 |
| All other expenses | $0 |
| Total functional expenses | $788,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,066 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,086 |
| Accounts receivable, net | $0 |
| 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 | $100,078 |
| Net Land, buildings, and equipment | $4,009 |
| Investments—publicly traded securities | $2,011,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,136 |
| Total assets | $2,354,526 |
| Accounts payable and accrued expenses | $17,464 |
| Grants payable | $0 |
| Deferred revenue | $161,790 |
| 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 | $179,254 |
| Net assets without donor restrictions | $152,527 |
| Net assets with donor restrictions | $2,022,745 |
| 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 | $2,354,526 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baltimore Choral Arts Society Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Peggy & Yale Gordon Chcaritable Tr Towson, MD PURPOSE: GENERAL OPERATIONS | $2,500 |
Endowment Analysis
| Beg. Balance | $2,533,411 |
| Earnings | -$427,012 |
| Net Contributions | $11,000 |
| Other Expense | $100,000 |
| Ending Balance | $2,017,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Lily Inc Philadelphia, PA | $3,931,726 | $4,267,503 |
Bach Choir Of Bethlehem Bethlehem, PA | $8,668,443 | $1,522,038 |
The Washington Chorus Inc Washington, DC | $1,199,445 | $1,959,013 |
Cathedral Choral Society Of Washington Dc Washington Cathedral Washington, DC | $2,679,926 | $1,668,553 |
Choral Arts Society Of Washington Washington, DC | $7,419,329 | $1,825,509 |
Encore Creativity Corporation Annapolis, MD | $803,844 | $1,146,324 |
Teutonia Maennerchor Of Allegheny City Pittsburgh, PA | $434,873 | $973,808 |
The Choir School Of Delaware Inc Wilmington, DE | $1,170,051 | $1,493,529 |
Philadelphia Boys And Girls Choirs Philadelphia, PA | $1,941,949 | $771,480 |
Baltimore Choral Arts Society Inc Baltimore, MD | $2,354,526 | $727,053 |
Rock To The Future Philadelphia, PA | $549,869 | $840,748 |
Maryland State Boychoir Inc Baltimore, MD | $2,349,357 | $803,204 |