Young Concert Artists Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Nash Ambler
Chairman
$0
Esther B Ferguson
Vice Chair
$0
Sahra T Lese
Vice Chairman (thru 2/2022)
$0
Ellen Marcus
Vice Chair
$0
Sheldon Soffer
Vice Chairman (thru 9/2021)
$0
Annaliese Soros
Secretary
$0

Financial Statements

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

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