Newark Boys Chorus School
- Assets
- $1.2m
- Revenue
- $885.6k
- Investments
- $282.0
- Employees
- 8
- Location
- Newark, NJ
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 22-1893378
Organization Overview
Newark Boys Chorus School is located in Newark, NJ. The organization was established in 1970. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Newark Boys Chorus School employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Boys Chorus School 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, Newark Boys Chorus School generated $885.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 3.8% 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 DEVELOP OUR STUDENTS INTO SUCCESSFUL YOUNG MEN OF SOUND CHARACTER THROUGH RIGOROUS ACADEMIC AND MUSICAL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL AND MUSIC PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Wright Chairman | OfficerTrustee | 2 | $0 |
Mary Bentley Lamar Vice Chair | OfficerTrustee | 2 | $0 |
Frank Melaccio Treasurer | OfficerTrustee | 2 | $0 |
Jerome Kearns Secretary | OfficerTrustee | 2 | $0 |
Jason Mcnish Board Chief Of Staff | OfficerTrustee | 2 | $0 |
Arielle Adler Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $221,071 |
| Related organizations | $0 |
| Government grants | $217,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $806,339 |
| Total Program Service Revenue | $77,389 |
| Investment income | $1,879 |
| 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 | $885,607 |
| 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. | $147,025 |
| Compensation of current officers, directors, key employees. | $24,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $470,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,426 |
| Payroll taxes | $48,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,225 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,408 |
| Advertising and promotion | $0 |
| Office expenses | $10,349 |
| Information technology | $15,418 |
| Royalties | $0 |
| Occupancy | $159,916 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,107 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,048 |
| All other expenses | $8,335 |
| Total functional expenses | $1,189,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,352 |
| Savings and temporary cash investments | $976,869 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,390 |
| 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 | $13,766 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $282 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,175,659 |
| Accounts payable and accrued expenses | $106,970 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $211,621 |
| Other liabilities | $600 |
| Total liabilities | $320,191 |
| Net assets without donor restrictions | -$324,851 |
| Net assets with donor restrictions | $1,180,319 |
| 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 | $1,175,659 |