American Composers Orchestra Inc
- Assets
- $3.1m
- Revenue
- $917.2k
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 03/1976
- Data as of
- 06/2021
- EIN
- 13-2838450
Organization Overview
American Composers Orchestra Inc is located in New York, NY. The organization was established in 1976. 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 06/2021, American Composers Orchestra Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Composers Orchestra 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 06/2021, American Composers Orchestra Inc generated $917.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATIONS, CELEBRATION, PERFORMANCE AND PROMOTION OF MUSIC BY AMERICAN COMPOSERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES & CONVERSATIONS FEATURING AMERICAN COMPOSERSIN RESPONSE TO THE IMPACTS OF COVID-19 ON COMPOSERS AND PERFORMERS, AMERICAN COMPOSERS ORCHESTRA CREATED CONNECTING ACO COMMUNITY, A NEW INITIATIVE TO COMMISSION SHORT WORKS FOR SOLO INSTRUMENT OR VOICE. WITH THESE 10 PREMIERES FROM JULY-OCTOBER, ACO SUPPORTED ARTISTS WHO NEED FINANCIAL ASSISTANCE; CREATED NEW WORK THAT WILL LIVE BEYOND THIS CRISIS; AND PROVIDED VIRTUAL, INTERACTIVE PERFORMANCES TO ACO'S SUPPORTERS AND THE GENERAL PUBLIC. OTHER PROGRAMS INCLUDED COMPOSER TO COMPOSER TALKS, A SERIES THAT FEATURES MAJOR AMERICAN COMPOSERS IN CONVERSATION WITH EACH OTHER ABOUT THEIR WORK AND LEADING A CREATIVE LIFE; AND A LISTENING PARTY OF TEN WORKS RECORDED BY ACO IN PREVIOUS SEASONS AT CARNEGIE HALL. BY ADAPTING TO DIGITAL PROGRAMMING, ACO HAS VASTLY EXPANDED OUR AUDIENCE REACH FROM AROUND 3,000 PEOPLE EACH YEAR TO OVER 11,000.
OPPORTUNITIES FOR EMERGING COMPOSERS IN SPRING 2020 AND THROUGHOUT 2020-2021, ACO PIVOTED ALL ITS PROGRAMMING TO DIGITAL FORMATS. BY PIVOTING TO DIGITAL PLATFORMS, ACO HAS BEEN ABLE TO CONTINUE TO SUPPORT EMERGING COMPOSERS NATIONWIDE, DRIVE THE NATIONAL CONVERSATION AROUND EQUITABLE AND INCLUSIVE PROGRAMMING, PROVIDE MEANINGFUL WORK FOR PERFORMING ARTISTS/COMPOSERS. VIRTUAL PROGRAMMING ALLOWED ACO TO SERVE AN INCREASED POPULATION OF EMERGING COMPOSERS, FROM AN AVERAGE OF 20 PER SEASON (4-6 COMPOSERS PER REGIONAL EARSHOT READING) TO 769 COMPOSERS IN SEASON 2020-2021. PROGRAMS INCLUDED CONNECTING ACO COMMUNITY, COMPOSER TO COMPOSER TALKS, PROFESSIONAL DEVELOPMENT WEBINARS, AND COMPOSER SPOTLIGHTS.
MUSIC EDUCATION PROGRAM IN THE 2020-21 SEASON, ACO DIRECTLY SERVED 320 STUDENTS THROUGH IN-SCHOOL, AFTER-SCHOOL, AND DISTANCE-LEARNING PROGRAMS FOR MIDDLE AND HIGH SCHOOL STUDENTS. PROGRAMS INCLUDED SONIC SPARK ENSEMBLES, MIDDLE AND HIGH SCHOOL DIRECT INSTRUMENTAL AND VOICE INSTRUCTION, COMPOSE YOURSELF, HIGH SCHOOL COMPOSITION CLASSES FOR MUSICIANS WHO WANT TO COMPOSE THEIR OWN MUSIC, AND SONIC SPARK LAB, MIDDLE SCHOOL CLASSES THAT USE COMPOSITION AS A PLATFORM TO UNLOCK STUDENTS' CREATIVITY. CLASSES MEET TWICE WEEKLY FOR 75-MINUTE SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Yim President & Ceo(through 8/2020) | OfficerTrustee | 40 | $171,235 |
Derek Bermel Director | Trustee | 10 | $61,500 |
Jess Rosen Interim CEO (through 2/2021) | OfficerTrustee | 1 | $3,000 |
Melinda Wagner Director | Trustee | 1 | $2,000 |
Sameera Troesch Chair | OfficerTrustee | 1 | $0 |
Melissa Ngan President & Ceo(as Of 2/2021) | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,846 |
| Total Program Service Revenue | $48,366 |
| Investment income | $43,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $917,167 |
| 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. | $126,266 |
| Compensation of current officers, directors, key employees. | $16,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,854 |
| Pension plan accruals and contributions | $11,256 |
| Other employee benefits | $43,250 |
| Payroll taxes | $30,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,208 |
| Advertising and promotion | $36,468 |
| Office expenses | $12,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,138 |
| Travel | $2,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,142 |
| Insurance | $10,732 |
| All other expenses | $7,840 |
| Total functional expenses | $1,006,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,957 |
| Savings and temporary cash investments | $18,197 |
| Pledges and grants receivable | $316,600 |
| Accounts receivable, net | $7,814 |
| 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 | $77,555 |
| Net Land, buildings, and equipment | $2,048 |
| Investments—publicly traded securities | $2,337,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,101,076 |
| Accounts payable and accrued expenses | $46,892 |
| 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 | $13,725 |
| Total liabilities | $60,617 |
| Net assets without donor restrictions | $103,332 |
| Net assets with donor restrictions | $2,937,127 |
| 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 | $3,101,076 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that American Composers Orchestra Inc has recieved totaling $582,429.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR PROGRAMS CULTIVATING RELATIONSHIPS BETWEEN EMERGING COMPOSERS AND ORCHESTRAS | $450,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $60,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - CONSULTANTS | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $17,699 |
Cheswatyr Foundation Inc Brooklyn, NY PURPOSE: CHARITABLE | $5,000 |
Endowment Analysis
| Beg. Balance | $1,644,286 |
| Earnings | $461,181 |
| Other Expense | $91,333 |
| Ending Balance | $2,014,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |