Glorystar Music Education And Cultural Foundation Inc
- Assets
- $287.2k
- Revenue
- $144.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Potomac, MD
- Founding
- 05/1997
- Data as of
- 06/2021
- EIN
- 52-1982929
Organization Overview
Glorystar Music Education And Cultural Foundation Inc is located in Potomac, MD. The organization was established in 1997. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Glorystar Music Education And Cultural Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glorystar Music Education And Cultural Foundation 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 06/2021, Glorystar Music Education And Cultural Foundation Inc generated $144.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $111.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 6 years. 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
GLORYSTAR CHILDRENS CHORUS (GCC) PROVIDES EXCELLENT MUSIC EDUCATION TO CHILDREN AND YOUTH IN THE JOY OF CHORAL ART. THROUGH A RICH REPERTOIRE OF EASTERN AND WESTERN MUSIC, GCC PROMOTES MUSIC APPRECIATION AND BUILDS BRIDGES IN OUR DIVERSE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC EDUCATION REVISED PARAGRAPH WITH REVISED NUMBERS: $ 75,743 PROVIDED EXCELLENT MUSIC EDUCATION TO 82 CHORISTERS, AGES 5 TO 18. OUR STUDENTCOMMUNITY IS APPROXIMATELY 90% ASIAN OR ASIAN DESCENT, AND 6% RECEIVED SOME FINANCIALAID. THE CHORISTERS ARE DIVIDED INTO FIVE CHOIR GROUPS ACCORDING TO AGE AND MUSICKNOWLEDGE: PRIMA, DOLCE, CANTABILE, CONCERT, AND CHAMBER CHOIRS. THE MUSIC EDUCATIONINCLUDES VOCAL TECHNIQUES, MUSIC THEORY, SIGHT-READING, EAR TRAINING, MUSICAPPRECIATION AND INTERPRETATION, AND CHORAL HARMONY. ALL INSTRUCTION AND CONCERTS WERE VIRTUAL DUE TO THE PANDEMIC. TWO CHOIR GROUPS RETURNED TO IN-PERSON REHEARSALS FOR THE MONTHS OF APRIL AND MAY 2021
PUBLIC PERFORMANCES $17,072PRESENTED A TOTAL OF 3 VIRTUAL PUBLIC PERFORMANCES OF EASTERN AND WESTERN CHORAL MUSIC, REACHING AN AUDIENCE OF MORE THAN 900 PEOPLE: 2 FULL CONCERTS WITH ALL SINGING GROUPS, 1 VOCAL COMPETITION/RECITAL ALL PERFORMANCES WERE ACCESSIBLE FOR INDIVIDUALS OF ALL ABILITIES AND WERE STREAMED ON YOUTUBE WHICH PROVIDED CLOSED CAPTIONING. NOTE: WHERE PUBLIC PERFORMANCES -ALL CONCERT RELATED: VIDEO PRODUCTION - 50% OF CLASS MATERIALS (ONLY MUSIC SCORES, NOT THEORY BOOKS)- 50% OF OPERATIONS: WEBSITE, PHONE, SUPPLIES, PRINTING & COPYING, ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cherie Jeng Artist Director | OfficerTrustee | 20 | $15,013 |
Kirsten Chen Secretary | OfficerTrustee | 5 | $0 |
Leonard Raymo President | OfficerTrustee | 5 | $0 |
Carol Tseng Exec. Director | OfficerTrustee | 20 | $0 |
Wei Zhong Treasurer | OfficerTrustee | 5 | $0 |
Debbie Hsu Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,376 |
| Total Program Service Revenue | $51,355 |
| Investment income | $1,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,786 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,842 |
| 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. | $15,013 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $585 |
| Advertising and promotion | $750 |
| Office expenses | $1,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,220 |
| Travel | $110 |
| 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 | $410 |
| Insurance | $888 |
| All other expenses | $1,791 |
| Total functional expenses | $111,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,644 |
| Savings and temporary cash investments | $171,181 |
| Pledges and grants receivable | $2,226 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $287,201 |
| Accounts payable and accrued expenses | $11,356 |
| Grants payable | $0 |
| Deferred revenue | $31,024 |
| 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 | $1 |
| Total liabilities | $42,381 |
| Net assets without donor restrictions | $244,820 |
| 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 | $287,201 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Glorystar Music Education And Cultural Foundation Inc has recieved totaling $17,553.
| Awarding Organization | Amount |
|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $17,280 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin Institute Philadelphia, PA | $191,202,786 | $32,040,912 |
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Baltimore School For The Arts Fdn Inc Baltimore, MD | $22,453,780 | $3,552,392 |
The Metropolitan Center For The Visual Arts Inc Rockville, MD | $1,589,727 | $2,983,675 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Caring Communities For Aids Wilkes Barre, PA | $1,533,545 | $2,739,121 |
Samuel S Fleisher Art Memorial Inc Philadelphia, PA | $22,590,929 | $2,413,309 |
Philadelphia Arts In Education Partnership Philadelphia, PA | $1,201,357 | $1,737,170 |
Yocum Institute For Arts Education Inc West Lawn, PA | $15,531,722 | $1,674,179 |
Theatre Lab Washington, DC | $1,317,349 | $1,528,317 |
Wide Angle Youth Media Inc Baltimore, MD | $2,050,575 | $2,195,413 |