Masterworks Chorale
- Assets
- $61.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/1959
- Data as of
- 08/2022
- 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 08/2022, Masterworks Chorale generated $73.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $79.1k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) 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
2022
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.
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 |
|---|---|---|---|
Kevin Leong Music Director | 20 | $22,800 | |
John Sullivan Accompanist | 6 | $6,900 | |
Marianne Hicks Bookkeeper | 6 | $4,200 | |
Jack Ward President | 24 | $0 | |
Jeffrey Walker Treasurer | 12 | $0 | |
Mary Denton Donations Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,984 |
| Total Program Service Revenue | $5,898 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,512 |
| Other Revenue | $0 |
| Total Revenue | $73,394 |
| 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 | $48,045 |
| Occupancy, rent, utilities, and maintenance | $10,967 |
| Printing, publications, postage, and shipping | $805 |
| Other expenses | $19,255 |
| Total expenses | $79,072 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,040 |
| Other assets | $0 |
| Total assets | $61,040 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,040 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Masterworks Chorale has recieved totaling $7,434.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,780 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $404 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Peoples Chorus Of New York City Inc New York, NY | $5,108,088 | $5,381,162 |
Brooklyn Youth Chorus Academy Inc Brooklyn, NY | $4,251,363 | $1,486,851 |
Mastervoices Inc New York, NY | $779,342 | $1,755,720 |
Zamir Choral Foundation Inc New York, NY | $1,054,675 | $1,768,406 |
Zumix Inc East Boston, MA | $5,117,381 | $3,178,519 |
Bay State Performing Arts Inc Boston, MA | $718,080 | $1,098,375 |
Chorus Of Westerly Westerly, RI | $5,722,371 | $830,537 |
Emmanuel Music Inc Boston, MA | $1,039,316 | $847,064 |
Arts Empowering Life Inc Orleans, MA | $1,601,006 | $693,994 |
Albany Pro Musica Inc Troy, NY | $1,087,348 | $710,352 |
Mountain Top Music Center Conway, NH | $3,445,290 | $535,467 |
Jack Music Inc New York, NY | $470,697 | $767,436 |