Mastervoices Inc
- Assets
- $671.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 35
- Location
- New York, NY
- Founding
- 06/1946
- Data as of
- 06/2024
- EIN
- 13-1606158
Organization Overview
Mastervoices Inc is located in New York, NY. The organization was established in 1946. 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 06/2024, Mastervoices Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastervoices 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, Mastervoices Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.8m 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
MASTERVOICES USES MUSICAL STORYTELLING TO BROADEN ACCESS TO THE CHORAL CONCERT EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FY24 MARKED OUR 81ST SEASON, AND OUR 10TH UNDER ARTISTIC DIRECTOR TED SPERLING. WE PRESENTED THREE FULL-SCALE PROGRAMS ACROSS SIX PERFORMANCES, WHICH PLAYED TO 81% CAPACITY AND SERVED OVER 5,640 AUDIENCE MEMBERS, 135 CHORUS MEMBERS, AND 170 PROFESSIONAL ARTISTS. CONCERTS INCLUDED A LARGELY FORGOTTEN PIECE BY STEPHEN SONDHEIM AND BURT SHEVELOVE CALLED "THE FROGS", WITH NEW TEXT BY NATHAN LANE, WHICH HAS REIGNITED GLOBAL INTEREST IN THE PIECE; "TO MY ARMS/RESTORE", A POWERFUL NEW TWO-PART WORK CONCEIVED BY CHOREOGRAPHER DOUG VARONE AND BASED ON THE MUSIC OF HANDEL WHICH MASTERVOICES (MV) PERFORMED LIVE; AND THE 21ST CENTURY OPERA "GRAPES OF WRATH", WITH A DIVERSE CAST FEATURING 12 SOLOISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juliana Chen Co-Chair | OfficerTrustee | 6 | $0 |
Jan Constantine Co-Chair | OfficerTrustee | 6 | $0 |
Ellen Marcus Vice-Chair | OfficerTrustee | 1 | $0 |
Susan Shine Vice-Chair | OfficerTrustee | 1 | $0 |
Elizabeth Tunick Secretary | OfficerTrustee | 2 | $0 |
Bruce Patrick Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $452,170 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $949,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,441,735 |
| Total Program Service Revenue | $443,908 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$83,243 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,818,748 |
| 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. | $349,085 |
| Compensation of current officers, directors, key employees. | $91,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,215 |
| Payroll taxes | $40,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,152 |
| Advertising and promotion | $58,028 |
| Office expenses | $37,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,116 |
| Travel | $0 |
| 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 | $2,118 |
| Insurance | $12,579 |
| All other expenses | $251,753 |
| Total functional expenses | $1,774,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,603 |
| Savings and temporary cash investments | $269,832 |
| Pledges and grants receivable | $254,025 |
| 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 | $2,011 |
| Net Land, buildings, and equipment | $2,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,420 |
| Total assets | $671,268 |
| Accounts payable and accrued expenses | $105,277 |
| Grants payable | $0 |
| Deferred revenue | $16,750 |
| 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 | $57,520 |
| Total liabilities | $179,547 |
| Net assets without donor restrictions | $319,316 |
| Net assets with donor restrictions | $172,405 |
| 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 | $671,268 |