Masterworks Chorale
- Assets
- $47.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/1959
- Data as of
- 08/2023
- EIN
- 04-6125155
Organization Overview
Masterworks Chorale is located in Cambridge, MA. The organization was established in 1959. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, 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. Masterworks Chorale 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 08/2023, Masterworks Chorale generated $136.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $149.9k during the year ending 08/2023. 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
THE ORGANIZATION PROVIDES SEVERAL CONCERTS AND COMMUNITY SINGS EACH YEAR FOR THE ENJOYMENT AND APPRECIATION FOR THOUSANDS OF PEOPLE IN THE LISTENING AND PARTICIPATING AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Phelan Strategy Manager | 2 | $0 | |
Jack Ward President | 24 | $0 | |
Jeffrey Walker Treasurer | 12 | $0 | |
Kevin Leong Music Director | 20 | $23,000 | |
John Sullivan Accompanist | 6 | $6,900 | |
Marianne Hicks Bookkeeper | 6 | $4,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,230 |
| Total Program Service Revenue | $37,035 |
| Membership dues | $10,385 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,354 |
| Other Revenue | $3,042 |
| Total Revenue | $136,046 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $77,783 |
| Occupancy, rent, utilities, and maintenance | $36,789 |
| Printing, publications, postage, and shipping | $2,770 |
| Other expenses | $32,601 |
| Total expenses | $149,943 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,143 |
| Other assets | $0 |
| Total assets | $47,143 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,143 |