Greater Connecticut Youth Orchestras Inc
- Assets
- $887.0k
- Revenue
- $655.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Fairfield, CT
- Founding
- 03/1992
- Data as of
- 06/2024
- EIN
- 06-1325895
Organization Overview
Greater Connecticut Youth Orchestras Inc is located in Fairfield, CT. The organization was established in 1992. 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 06/2024, Greater Connecticut Youth Orchestras Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Connecticut Youth Orchestras 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 06/2024, Greater Connecticut Youth Orchestras Inc generated $655.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $638.8k during the year ending 06/2024. While expenses have increased by 13.0% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
GREATER CONNECTICUT YOUTH ORCHESTRAS (GCTYO) BRINGS YOUNG MUSICIANS TOGETHER TO ACHIEVE THE HIGHEST STANDARD OF MUSIC PERFORMANCE IN A WELCOMING, INCLUSIVE, AND SAFE ENVIRONMENT. OUR HOLISTIC APPROACH TO EDUCATION FOSTERS GROWTH, LEARNING, CONFIDENCE, AND BOTH SOCIAL AND EMOTIONAL AWARENESS, WHICH PREPARES STUDENTS FOR A FULL AND BALANCED LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL TRAINING AND EDUCATION FOR YOUNG PEOPLE INCLUDING PERFORMANCE AT CONCERTS (COMPREHENSIVE ORCHESTRA PROGRAM)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Heusser Director | Trustee | 1 | $0 |
Lauren Mandell Director | Trustee | 1 | $0 |
Thomas Whitmoyer President | OfficerTrustee | 5 | $0 |
Dandre Dina Director | Trustee | 1 | $0 |
Caroline Marshall Treasurer | OfficerTrustee | 5 | $0 |
Anca Micu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $275,815 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,331 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,420 |
| Total Program Service Revenue | $104,860 |
| Investment income | $26,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,911 |
| Net Income from Gaming Activities | $4,280 |
| Net Income from Sales of Inventory | $2,123 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $655,822 |
| 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. | $116,125 |
| Compensation of current officers, directors, key employees. | $19,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $3,336 |
| Office expenses | $23,654 |
| Information technology | $4,336 |
| Royalties | $0 |
| Occupancy | $54,409 |
| Travel | $5,343 |
| 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 | $3,951 |
| Insurance | $14,960 |
| All other expenses | $10,528 |
| Total functional expenses | $638,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,028 |
| Savings and temporary cash investments | $265,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $17,112 |
| Investments—publicly traded securities | $561,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $887,018 |
| Accounts payable and accrued expenses | $3,932 |
| Grants payable | $0 |
| Deferred revenue | $40,364 |
| 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 | $44,296 |
| Net assets without donor restrictions | $640,687 |
| Net assets with donor restrictions | $202,035 |
| 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 | $887,018 |