Boston Youth Symphony Orchestra Inc is located in Boston, MA. The organization was established in 1983. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Boston Youth Symphony Orchestra Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Youth Symphony Orchestra 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 06/2022, Boston Youth Symphony Orchestra Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE MUSICAL EXCELLENCE IN A PROFESSIONAL AND SUPPORTIVE ENVIRONMENT BY PROVIDING THE HIGHEST QUALITY ORCHESTRA TRAINING AND PERFORMANCE OPPORTUNITIES TO QUALIFIED MUSICIANS, GRADES K-12, AND MAKING ITS PROGRAMS ACCESSIBLE TO UNDERSERVED COMMUNITIES THROUGH FINANCIAL ASSISTANCE AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORCHESTRA OPERATIONS - TO SUPPORT THE PROGRAMMATIC WORK OF ALL THE ORCHESTRAS.
BOSTON SYMPHONY ORCHESTRA PARTNERSHIP - A CONCERT COLLABORATION OF BYSO STUDENTS AND BSO PROFESSIONAL MUSICIANS
CONCERT PRODUCTIONS - TO PROVIDE LOGISTICAL SUPPORT TO THE ORCHESTRAS AT BOSTON UNIVERSITY AND OUTSIDE CONCERT VENUES.
MARKETING - TO MARKET THE ORCHESTRAS AND TO SELL TICKETS TO PATRONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margaret Chen President | OfficerTrustee | 1 | $0 |
Cecilia O'keefe Vice President | OfficerTrustee | 1 | $0 |
Jean-Marc Berteaux Vice President | OfficerTrustee | 1 | $0 |
Michael Berk Treasurer | OfficerTrustee | 1 | $0 |
Ben Brady Secretary | OfficerTrustee | 1 | $0 |
Joe Correia Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $238,372 |
Related organizations | $0 |
Government grants | $425,126 |
All other contributions, gifts, grants, and similar amounts not included above | $4,937,895 |
Noncash contributions included in lines 1a–1f | $10,300 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,601,393 |
Total Program Service Revenue | $1,677,643 |
Investment income | $86,759 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $315 |
Net Income from Fundraising Events | -$75,670 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $966 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,291,406 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $143,901 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $246,942 |
Compensation of current officers, directors, key employees. | $148,166 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,269,690 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $56,255 |
Payroll taxes | $122,585 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $106,070 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $12,900 |
Advertising and promotion | $42,526 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $93,472 |
Travel | $11,649 |
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 | $58,252 |
Insurance | $45,657 |
All other expenses | $142,968 |
Total functional expenses | $3,620,519 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,208 |
Savings and temporary cash investments | $1,525,654 |
Pledges and grants receivable | $1,273,885 |
Accounts receivable, net | $29,750 |
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 | $41,985 |
Net Land, buildings, and equipment | $265,045 |
Investments—publicly traded securities | $2,049,012 |
Investments—other securities | $6,596,044 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $11,785,583 |
Accounts payable and accrued expenses | $328,065 |
Grants payable | $0 |
Deferred revenue | $294,908 |
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 | $0 |
Total liabilities | $622,973 |
Net assets without donor restrictions | $2,272,517 |
Net assets with donor restrictions | $8,890,093 |
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 | $11,785,583 |