Music For Youth Inc
- Assets
- $331.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Westport, CT
- Founding
- 05/2003
- Data as of
- 12/2023
- 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 12/2023, Music For Youth Inc generated $35.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $65.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 9 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
2023
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 |
|---|---|---|---|
Michelle Lin President | 5 | $0 | |
Mary Beyer Executive Director | 30 | $24,326 | |
James Harman Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,001 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14,977 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,978 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,030 |
| Professional fees and other payments to independent contractors | $5,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $387 |
| Other expenses | $27,461 |
| Total expenses | $64,978 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $331,050 |
| Other assets | $0 |
| Total assets | $331,050 |
| Total liabilities | $0 |
| Net assets or fund balances | $331,050 |