Baltimore Choral Arts Society Inc
- Assets
- $2.2m
- Revenue
- $717.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Baltimore, MD
- Founding
- 10/1966
- Data as of
- 06/2023
- 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 06/2023, Baltimore Choral Arts Society Inc employed 6 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 06/2023, Baltimore Choral Arts Society Inc generated $717.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $798.0k during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Lauren Madsen President | OfficerTrustee | 0.1 | $0 |
Carmen M Fonda Secretary | OfficerTrustee | 0.1 | $0 |
Dennis P Cole Jr Treasurer | OfficerTrustee | 0.1 | $0 |
Anne Bear Powell Board Member | Trustee | 0.1 | $0 |
Jeffrey A Austin Board Member | Trustee | 0.1 | $0 |
Polly E Behrens Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,957 |
| Related organizations | $0 |
| Government grants | $177,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,114 |
| Total Program Service Revenue | $79,561 |
| Investment income | $38,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,374 |
| Net Income from Fundraising Events | -$25,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $717,552 |
| 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. | $216,241 |
| Compensation of current officers, directors, key employees. | $40,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,109 |
| Payroll taxes | $22,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,461 |
| Office expenses | $41,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $304 |
| Interest | $96 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,425 |
| Insurance | $4,077 |
| All other expenses | $1,000 |
| Total functional expenses | $797,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,325 |
| 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 | $7,181 |
| Net Land, buildings, and equipment | $1,784 |
| Investments—publicly traded securities | $2,022,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,644 |
| Total assets | $2,243,601 |
| Accounts payable and accrued expenses | $11,657 |
| Grants payable | $0 |
| Deferred revenue | $3,917 |
| 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 | $59,461 |
| Total liabilities | $75,035 |
| Net assets without donor restrictions | $38,969 |
| Net assets with donor restrictions | $2,129,597 |
| 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 | $2,243,601 |