Music For Youth Inc
- Assets
- $412.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Westport, CT
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 01-0746495
Organization Overview
Music For Youth Inc is located in Westport, CT. The organization was established in 2003. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music For Youth 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 12/2021, Music For Youth Inc generated $72.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $48.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF THE LOVE OF CLASSICAL MUSIC IN YOUTH;ENCOURAGEMENT OF THE STUDY AND PERFORMANCE OF CLASSICALMUSIC BY YOUTH, BOTH IN AND OUTSIDE THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beyer Executive Director | 30 | $20,267 | |
Darwin Shen President | 5 | $0 | |
James Harman Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,587 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19,115 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,702 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,427 |
| Professional fees and other payments to independent contractors | $5,100 |
| Occupancy, rent, utilities, and maintenance | $479 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $22,959 |
| Total expenses | $48,141 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $412,266 |
| Other assets | $0 |
| Total assets | $412,266 |
| Total liabilities | $0 |
| Net assets or fund balances | $412,266 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music For Youth Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Hagani Foundation Woodbridge, CT PURPOSE: EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |
Young Audiences Inc New York, NY | $8,115,904 | $1,935,453 |
Roulette Intermedium Inc Brooklyn, NY | $2,527,656 | $2,724,059 |
Chashama Inc New York, NY | $1,226,837 | $1,928,554 |