Fifth House Ensemble
- Assets
- $551.5k
- Revenue
- $681.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 09/2005
- Data as of
- 08/2021
- EIN
- 20-2307216
Organization Overview
Fifth House Ensemble is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Fifth House Ensemble employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fifth House Ensemble 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 08/2021, Fifth House Ensemble generated $681.8k 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 $414.6k during the year ending 08/2021. 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
PERFORMANCE OF CLASSICAL CHAMBER MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PERFORMANCES - CHAMBER MUSIC PERFORMANCES AND HIGHER EDUCATION RESIDENCY PROGRAMS.
FRESH INC. - AN ANNUAL TWO-WEEK FESTIVAL, INCLUDING REHEARSALS/PREMIERS OF 24 NEW WORKS OF CHAMBER MUSIC, PUBLIC PERFORMANCE/EDUCATIONAL PROGRAMS, AND EMERGING ARTIST TRAINING.
EDUCATION - PERFORMANCES AND RESIDENCIES IN PUBLIC SCHOOLS AND IN SOCIAL SERVICE SETTINGS, SERVING K-12 STUDENTS SAND YOUTH/ADULTS TRANSITIONING FROM HOMLESSNESS OR INCARCERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Olsavsky Executive Dir. | Officer | 40 | $38,958 |
Melissa Ngan Director | Officer | 40 | $16,288 |
Tad Gray President | OfficerTrustee | 1 | $0 |
Bill Bein Vice President | OfficerTrustee | 1 | $0 |
Jocelyn Saxon Treasurer | OfficerTrustee | 1 | $0 |
Peter Vale Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,575 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,778 |
| Statement of Expenses | |
|---|---|
| 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. | $55,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,854 |
| Payroll taxes | $9,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,660 |
| Advertising and promotion | $2,516 |
| Office expenses | $2,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $154 |
| 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 | $0 |
| Insurance | $940 |
| All other expenses | $0 |
| Total functional expenses | $414,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,068 |
| Savings and temporary cash investments | $76,145 |
| Pledges and grants receivable | $102,600 |
| Accounts receivable, net | $4,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,228 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $551,496 |
| Accounts payable and accrued expenses | $2,615 |
| 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 | $27,232 |
| Other liabilities | $0 |
| Total liabilities | $29,847 |
| Net assets without donor restrictions | $421,982 |
| Net assets with donor restrictions | $99,667 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $521,649 |