A Global Chorus Foundation
- Assets
- $26.0m
- Revenue
- $858.7k
- Investments
- $22.9m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- Data as of
- 12/2022
- EIN
- 82-3796289
Organization Overview
A Global Chorus Foundation is located in Wellesley, MA. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Global Chorus Foundation 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 12/2022, A Global Chorus Foundation generated $858.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $714.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Sharp President & Treasurer | 1 | $0 | |
Starlee D Sharp Vice President & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,036 |
| Dividends & Interest | $867,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,458 |
| Capital Gain Net Income | $127,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$137,278 |
| Total Revenue | $858,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,054 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,205 |
| Total operating and administrative expenses | $237,854 |
| Contributions, gifts, grants paid | $476,738 |
| Total expenses and disbursements | $714,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,004,748 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,679,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,088,831 |
| Total assets | $26,033,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, A Global Chorus Foundation has awarded $476,738 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE DAF PURPOSE: OPERATING GRANT | $101,738 |
UNIVERSITY IMPACT FUND PURPOSE: OPERATING GRANT | $375,000 |