Boston Youth Symphony Orchestra Inc
- Assets
- $8.7m
- Revenue
- $6.0m
- Investments
- $2.0m
- Employees
- 55
- Location
- Boston, MA
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 04-2790069
Organization Overview
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 06/2021, 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 06/2021, Boston Youth Symphony Orchestra Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
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.
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Weiskel Executive Director | Officer | 40 | $192,822 |
Federico Cortese Music Director | 40 | $127,266 | |
Martha A Robinson Director Of Development | 40 | $123,353 | |
Margaret Chen President | OfficerTrustee | 1 | $0 |
Cecilia O'keefe Vice President | OfficerTrustee | 1 | $0 |
Jean-Marc Berteaux Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,082 |
| Related organizations | $0 |
| Government grants | $394,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,072,010 |
| Noncash contributions included in lines 1a–1f | $19,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,688,747 |
| Total Program Service Revenue | $1,242,609 |
| Investment income | $54,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,618 |
| Net Income from Fundraising Events | $10,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,328 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,999,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $113,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,801 |
| Compensation of current officers, directors, key employees. | $134,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,327,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,492 |
| Payroll taxes | $103,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $15,619 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,344 |
| Travel | $2,740 |
| 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 | $56,477 |
| Insurance | $32,995 |
| All other expenses | $140,054 |
| Total functional expenses | $2,828,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,359 |
| Savings and temporary cash investments | $1,714,475 |
| Pledges and grants receivable | $2,274,346 |
| Accounts receivable, net | $16,332 |
| 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 | $59,463 |
| Net Land, buildings, and equipment | $297,551 |
| Investments—publicly traded securities | $2,405,497 |
| Investments—other securities | $1,958,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,731,148 |
| Accounts payable and accrued expenses | $259,114 |
| Grants payable | $0 |
| Deferred revenue | $250,832 |
| 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 | $297,426 |
| Total liabilities | $807,372 |
| Net assets without donor restrictions | $2,288,818 |
| Net assets with donor restrictions | $5,634,958 |
| 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 | $8,731,148 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Boston Youth Symphony Orchestra Inc has recieved totaling $5,104,828.
| Awarding Organization | Amount |
|---|---|
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $2,776,473 |
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $1,223,527 |
Klarman Family Foundation Boston, MA PURPOSE: MUSIC PATHWAYS FOR YOUTH: TO SUPPORT THE INTENSIVE COMMUNITY PROGRAM FOR FISCAL YEARS 2022, 2023, AND 2024 | $250,000 |
K M D Foundation Boca Raton, FL PURPOSE: SUPPORT FOR TANGLEWOOD LEARNING INST | $215,128 |
Linde Family Foundation Boston, MA PURPOSE: GENERAL OPERATIONS | $150,000 |
Klarman Family Foundation Boston, MA PURPOSE: MUSIC PATHWAYS FOR YOUTH: TO SUPPORT THE INTENSIVE COMMUNITY PROGRAM FOR FISCAL YEARS 2022, 2023, AND 2024 | $125,000 |
Endowment Analysis
| Beg. Balance | $672,621 |
| Earnings | $48,057 |
| Ending Balance | $720,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Rhode Island Philharmonic Orchestra & Music School East Providence, RI | $15,804,954 | $5,398,910 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Vermont Symphony Orchestra Inc Burlington, VT | $6,301,057 | $2,290,759 |