The Norwalk Youth Symphony Inc
- Assets
- $332.4k
- Revenue
- $328.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Norwalk, CT
- Founding
- 10/1958
- Data as of
- 06/2024
- EIN
- 06-6070039
Organization Overview
The Norwalk Youth Symphony Inc is located in Norwalk, CT. The organization was established in 1958. 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, Norwalk Youth Symphony Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Youth Symphony 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, Norwalk Youth Symphony Inc generated $328.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $377.3k during the year ending 06/2024. 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
ORCHESTRAL TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY REHERSALS FOR APPROXIMATELY 225 YOUTH MUSICIANS IN 5 ORCHESTRAS UNDER PROFESSIONAL CONDUCTORS FOR A 36 WEEK SESSION. THERE WERE APPROXIMATELY 2 PUBLIC PAYING CONCERTS AND 1 VIRTUAL SESSION WHICH PRODUCED VIDEOS OF EACH ORCHESTRA.
SCHOLARSHIP ASSISTANCE TO MEMBERS, BASED ON NEED FOR TUITION, LESSONS AND CONCERT TICKETS.
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 |
|---|---|---|---|
Joel Pitkin Chariman | OfficerTrustee | 3 | $0 |
John Seel Vice Chair | OfficerTrustee | 3 | $0 |
Ritu Malik Vice Chair | OfficerTrustee | 3 | $0 |
Sawako Ward Treasurer | OfficerTrustee | 3 | $0 |
Zeeshaan Arastu Secretary | OfficerTrustee | 3 | $0 |
Kate Blair-Dixon Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,270 |
| Related organizations | $0 |
| Government grants | $24,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,882 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,652 |
| Total Program Service Revenue | $206,544 |
| Investment income | $10,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,019 |
| 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 | $85,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,900 |
| Advertising and promotion | $1,585 |
| Office expenses | $8,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,513 |
| Travel | $38,915 |
| 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 | $555 |
| Insurance | $7,813 |
| All other expenses | $10,944 |
| Total functional expenses | $377,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,107 |
| Savings and temporary cash investments | $40,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,804 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,129 |
| Investments—publicly traded securities | $258,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,911 |
| Total liabilities | $2,911 |
| Net assets without donor restrictions | $177,239 |
| Net assets with donor restrictions | $152,266 |
| 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 | $332,416 |