Youth America Grand Prix Inc
- Assets
- $4.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 26
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 06/2023
- EIN
- 13-4146047
Organization Overview
Youth America Grand Prix Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Youth America Grand Prix Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth America Grand Prix 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 06/2023, Youth America Grand Prix Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND DEVELOP WORLD-CLASS DANCERS, AGES 9-19, OF ALL ECONOMIC, ETHNIC, AND GEOGRAPHIC BACKGROUNDS BY PROVIDING SCHOLARSHIP AUDITIONS, PERFORMANCE AND EDUCATION OPPORTUNITIES, AND BY SERVING AS THE GLOBAL NETWORK OF DANCE, CONNECTING STUDENTS, TEACHERS, SCHOOLS, DANCE COMPANIES, DANCERS, AND AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YAGP REACHES OVER 12,000 DANCE STUDENTS ANNUALLY BY HOLDING WORKSHOPS, SCHOLARSHIP AUDITIONS, MASTER CLASSES AND AUDITION CLASSES IN 25 U.S. CITIES AND 8 INTERNATIONAL LOCATIONS. EACH SEASON CULMINATES IN THE WEEK-LONG NEW YORK FINALS, WHERE MORE THAN 1,200 OF THE WORLD'S MOST PROMISING DANCERS RECEIVE IN-DEPTH MENTORING AND GREATER SCHOLARSHIP, PROFESSIONAL, AND PERFORMANCE OPPORTUNITIES. THE NEW YORK FINALS CLOSING NIGHT "STARS OF TODAY MEET THE STARS OF TOMORROW" GALA FEATURES THE STUDENTS SHOWING THE MOST POTENTIAL ALONGSIDE THE STARS OF TODAY'S LEADING DANCE COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Brack Development Consultant | 40 | $160,000 | |
Larissa Saveliev Founder/artistic Director | Officer | 40 | $146,076 |
Alexei Moskalenko Assistant Artistic Director | 40 | $102,069 | |
Richard Osterweil Chair | OfficerTrustee | 0.5 | $0 |
Linda Morse Chair Emeritus | OfficerTrustee | 0.5 | $0 |
Barbara Brandt Chair Emeritus | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advance Nyc Inc Fundraising/ Event Planning | 6/29/20 | $190,081 |
New York City Ballet Inc Event Hosting/ Catering | 6/29/20 | $597,900 |
The Purchase College Foundation Inc Studio And Theater Rental | 6/29/20 | $134,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $468,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,836,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,304,537 |
| Total Program Service Revenue | $4,185,030 |
| Investment income | $25,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,880 |
| Net Income from Fundraising Events | -$197,256 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $145,524 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,479,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400,582 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,257 |
| Compensation of current officers, directors, key employees. | $17,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $667,844 |
| Pension plan accruals and contributions | $117,559 |
| Other employee benefits | $123,612 |
| Payroll taxes | $365,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,812 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,000 |
| Fees for services: Investment Management | $8,069 |
| Fees for services: Other | $848,782 |
| Advertising and promotion | $38,314 |
| Office expenses | $141,721 |
| Information technology | $1,381 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $593,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276,558 |
| Interest | $74 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,685 |
| Insurance | $27,758 |
| All other expenses | $10,386 |
| Total functional expenses | $4,801,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,470 |
| Savings and temporary cash investments | $2,942,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $143,071 |
| Prepaid expenses and deferred charges | $34,924 |
| Net Land, buildings, and equipment | $21,576 |
| Investments—publicly traded securities | $903,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,668,855 |
| Accounts payable and accrued expenses | $85,457 |
| 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 | $0 |
| Total liabilities | $85,457 |
| Net assets without donor restrictions | $3,033,431 |
| Net assets with donor restrictions | $1,549,967 |
| 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 | $4,668,855 |