Chorus Of Westerly
- Assets
- $6.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Westerly, RI
- Founding
- 08/1966
- Data as of
- 09/2023
- EIN
- 05-6019151
Organization Overview
Chorus Of Westerly is located in Westerly, RI. The organization was established in 1966. 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. As of 09/2023, Chorus Of Westerly employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chorus Of Westerly 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 09/2023, Chorus Of Westerly generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHORUS OF WESTERLY IS A COMMUNITY VOLUNTEER ORGANIZATION THAT PROVIDES MUSICAL EDUCATION, IN ADDITION TO PRESENTING AND PROVIDING VARIOUS MUSICAL PERFORMANCES THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHORAL PERFORMANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Morgan Director | Trustee | 5 | $0 |
Jennifer Brinton Director | Trustee | 5 | $0 |
Michael Anderson Director | Trustee | 5 | $0 |
Andrew Burnap Director | Trustee | 5 | $0 |
Audrey Cardany Director | Trustee | 5 | $0 |
Frederica Davis Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,836 |
| Fundraising events | $10,973 |
| Related organizations | $0 |
| Government grants | $17,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $818,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $893,213 |
| Total Program Service Revenue | $172,661 |
| Investment income | $5,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $994,649 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,065,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $88,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $156,455 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,931 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,539 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,146,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $91,884 |
| Net Land, buildings, and equipment | $2,708,313 |
| Investments—publicly traded securities | $3,228,020 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,740,394 |
| Accounts payable and accrued expenses | $41,440 |
| Grants payable | $0 |
| Deferred revenue | $37,752 |
| 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 | $222,711 |
| Total liabilities | $301,903 |
| Net assets without donor restrictions | $6,277,191 |
| Net assets with donor restrictions | $161,300 |
| 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 | $6,740,394 |