Young Chamber Musicians Inc
- Assets
- $395.0k
- Revenue
- $159.2k
- Investments
- $79.5k
- Employees
- 2
- Location
- San Francisco, CA
- Founding
- Data as of
- 05/2024
- EIN
- 87-4153201
Organization Overview
Young Chamber Musicians Inc is located in San Francisco, CA. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, Young Chamber Musicians Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Chamber Musicians 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 05/2024, Young Chamber Musicians Inc generated $159.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $113.1k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE SKILL AND ARTISTRY OF EXCEPTIONAL PRE-COLLEGE STRING PLAYERS AND PIANISTS THROUGH THE FOCUSED STUDY OF CHAMBER MUSIC, ENCOURAGING LIFE-LONG PARTICIPATION IN MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. COACHING SESSIONS: EACH OF THE 8 ENSEMBLES MET WEEKLY WITH A YCM COACH (EACH ANINDEPENDENT CONTRACTOR) FOR A 90-MINUTE COACHING SESSION. IN THE FISCAL YEAR, JUNE 1,2023 MAY 31, 2024 ENSEMBLES MET WEEKLY FOR 30 WEEKS OF INSTRUCTION STARTINGSEPTEMBER 2023, AND ENDING MAY 28, 2024.2. MASTERCLASSES: MASTERCLASSES WERE PRODUCED MONTHLY AND SOMETIMES BI-MONTHLY TOUNITE EACH STUDENT ENSEMBLE WITH NOTED PROFESSIONAL CHAMBER MUSIC ARTISTS (NOTNORMALLY ENGAGED TO COACH WEEKLY) TO RECEIVE COMMENTARY IN A PUBLIC PERFORMANCESETTING. EACH ENSEMBLE PARTICIPATED IN TWO MASTERCLASSES. IN THE FISCAL YEAR, JUNE 1,2023 MAY 31, 2024, TWELVE MASTERCLASSES WERE PRODUCED.3. STUDENT CONCERTS: EACH STUDENT ENSEMBLE PERFORMED IN A FREE PUBLIC CONCERT. IN THE FISCAL YEAR JUNE 1, 2023 MAY 31, 2024, YCM PRODUCED TWO 90-MINUTE STUDENTCONCERTS DECEMBER 19, 2023 AND 90-MINUTE CONCERTS ON MAY 26 AND 28, 2024.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Schader Trustee | Trustee | 4 | $0 |
Daniel Ching Trustee | Trustee | 1 | $0 |
Lawrence You Trustee | Trustee | 1 | $0 |
Susan Bates President | Officer | 7 | $0 |
Katherine Bukstein Secretary | Officer | 1 | $0 |
Maria Shim Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,872 |
| Noncash contributions included in lines 1a–1f | $4,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,872 |
| Total Program Service Revenue | $79,750 |
| Investment income | $3,220 |
| 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 | $159,164 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,204 |
| Advertising and promotion | $407 |
| Office expenses | $465 |
| Information technology | $1,008 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,940 |
| All other expenses | $12,769 |
| Total functional expenses | $113,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,230 |
| Savings and temporary cash investments | $107,213 |
| Pledges and grants receivable | $0 |
| 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 | $1,550 |
| Net Land, buildings, and equipment | $91,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $79,464 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,036 |
| Accounts payable and accrued expenses | $990 |
| Grants payable | $0 |
| Deferred revenue | $21,260 |
| 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 | $22,251 |
| Net assets without donor restrictions | $0 |
| 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 | $372,785 |
| Total liabilities and net assets/fund balances | $395,036 |