Young Concert Artists Inc is located in New York, NY. The organization was established in 1963. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Young Concert Artists Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Concert Artists 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 06/2022, Young Concert Artists Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DISCOVER AND LAUNCH THE CAREERS OF EXTRAORDINARY YOUNG MUSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST MANAGEMENT SERVICES:YOUNG CONCERT ARTISTS PROVIDES PROFESSIONAL CAREER MANAGEMENT FOR YCA ARTISTS AND COMPOSERS. WINNERS OF THE YOUNG CONCERT ARTISTS INTERNATIONAL AUDITIONS, HELD ANNUALLY, RECEIVE A MANAGEMENT CONTRACT WITH YCA. YOUNG CONCERT ARTISTS PROVIDES PROMOTIONAL MATERIALS, BOOKS SEVERAL HUNDRED CONCERT ENGAGEMENTS AND EDUCATIONAL RESIDENCIES EACH YEAR THROUGHOUT THE UNITED STATES AND ABROAD, ARRANGES THE TRAVEL, PUBLICITY, AND PROGRAMS FOR EACH CONCERT. YCA'S ARTIST MANAGERS COUNSEL THE ARTISTS ON THEIR CAREER DEVELOPMENT AND HELP THE ARTISTS SECURE COMMERCIAL MANAGEMENT REPRESENTATION WHEN THE ARTISTS ARE READY TO LEAVE YCA.
OTHER PROGRAMS INCLUDE THE YOUNG CONCERT ARTISTS AUDITIONS.
YOUNG CONCERT ARTISTS SERIES IN NEW YORK:THE YOUNG CONCERT ARTISTS 2021-2022 CONCERT SERIES IN NEW YORK WAS BACK IN FULL SWING WITH LIVE AUDIENCES AT ALL CONCERTS PRESENTED. OPENING NIGHT WAS HOSTED AT CARNEGIE HALL, FOUR DEBUT CONCERTS TOOK PLACE AT MERKIN HALL AND A LUNCH SERIES OF CONCERTS WAS HELD AT THE MORGAN LIBRARY THROUGHOUT THE SEASON. THE 60TH ANNIVERSARY GALA, WHICH WAS POSTPONED DUE TO THE PANDEMIC, WAS FINALLY HELD IN OCTOBER 2021. THE 61ST ANNIVERSARY GALA WAS HELD IN MAY OF 2022.
YOUNG CONCERT ARTISTS SERIES IN WASHINGTON, D.C.:THE YOUNG CONCERT ARTIST SERIES IN WASHINGTON D.C. HELD FIVE LIVE EVENTS AT THE KENNEDY CENTER DURING THE 2021-2022 SEASON, AFTER BEING SUSPENDED DUE TO THE PANDEMIC. THE 43RD ANNUAL WASHINGTON, DC GALA WAS HELD IN MAY 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Nash Ambler Chairman | OfficerTrustee | 1 | $0 |
Esther B Ferguson Vice Chair | OfficerTrustee | 1 | $0 |
Sahra T Lese Vice Chairman (thru 2/2022) | OfficerTrustee | 1 | $0 |
Ellen Marcus Vice Chair | OfficerTrustee | 1 | $0 |
Sheldon Soffer Vice Chairman (thru 9/2021) | OfficerTrustee | 1 | $0 |
Annaliese Soros Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $53,252 |
Fundraising events | $895,611 |
Related organizations | $0 |
Government grants | $77,850 |
All other contributions, gifts, grants, and similar amounts not included above | $1,765,855 |
Noncash contributions included in lines 1a–1f | $112,498 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,792,568 |
Total Program Service Revenue | $793,574 |
Investment income | $148,007 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $223,429 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,975,354 |
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. | $266,593 |
Compensation of current officers, directors, key employees. | $39,989 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $932,609 |
Pension plan accruals and contributions | $28,959 |
Other employee benefits | $150,266 |
Payroll taxes | $89,327 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $114,448 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $82,458 |
Fees for services: Other | $256,076 |
Advertising and promotion | $71,212 |
Office expenses | $48,347 |
Information technology | $17,957 |
Royalties | $0 |
Occupancy | $293,201 |
Travel | $69,513 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,100 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,954 |
Insurance | $23,003 |
All other expenses | $125,345 |
Total functional expenses | $3,527,094 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $643,772 |
Savings and temporary cash investments | $343,299 |
Pledges and grants receivable | $92,150 |
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 | $36,602 |
Net Land, buildings, and equipment | $74,429 |
Investments—publicly traded securities | $8,233,995 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $140,764 |
Total assets | $9,565,011 |
Accounts payable and accrued expenses | $84,775 |
Grants payable | $0 |
Deferred revenue | $1,118 |
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 | $169,596 |
Total liabilities | $255,489 |
Net assets without donor restrictions | $725,305 |
Net assets with donor restrictions | $8,584,217 |
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 | $9,565,011 |