The Masterwork Chorus Inc
- Assets
- $220.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 32
- Location
- Morristown, NJ
- Founding
- 02/1995
- Data as of
- 06/2022
- EIN
- 22-3318693
Organization Overview
The Masterwork Chorus Inc is located in Morristown, NJ. The organization was established in 1995. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Masterwork Chorus Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masterwork Chorus 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, Masterwork Chorus Inc generated $129.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $169.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CHORUS IS BEST KNOWN FOR ITS ANNUAL PERFORMANCES OF HANDEL'S MESSIAH IN NEW JERSEY AND AT CARNEGIE HALL IN NEW YORK. OTHER CLASSICAL WORKS PRESENTED IN RECENT YEARS HAVE INDCLUDED HIGHLY ACCLAIMED PERFORMANCES OF RACHMANINOV'S VESPERS, MENDELSSOHN'S ELIJAH, ORFF'S CARMINA BURANA AND BACH'S MASS IN B MINOR. MASTERWORK'S OUTREACH PROGRAMS INCLUDE PERFORMANCES AS PART OF THE MORRIS COUNTY 9-11 REMEMBRANCE CEREMONIES, AND CONCERTS AT ASSISTED LIVING FACILITIES, HOSPITALS, REHABILITATION CENTERS AND NURSING HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Shepard Music Director | 40 | $35,000 | |
Katherine Becker Board Member | 3 | $0 | |
Martha Carson Board Member | 3 | $0 | |
Joanne Roth Secretary | 3 | $0 | |
Alexandra Fittin Secretary | 0 | $0 | |
Vincent Costa Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,883 |
| Total Program Service Revenue | $23,725 |
| Membership dues | $0 |
| Investment income | $4,871 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,479 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,734 |
| Professional fees and other payments to independent contractors | $40,141 |
| Occupancy, rent, utilities, and maintenance | $14,737 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,672 |
| Total expenses | $169,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,483 |
| Other assets | $0 |
| Total assets | $220,523 |
| Total liabilities | $6,200 |
| Net assets or fund balances | $214,323 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Masterwork Chorus Inc has recieved totaling $1,475.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $275 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $150 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $109,461 |
| Earnings | -$2,954 |
| Net Contributions | $7,000 |
| Ending Balance | $113,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Peoples Chorus Of New York City Inc New York, NY | $5,108,088 | $5,381,162 |
Black Lily Inc Philadelphia, PA | $3,931,726 | $4,267,503 |
Bach Choir Of Bethlehem Bethlehem, PA | $8,668,443 | $1,522,038 |
Brooklyn Youth Chorus Academy Inc Brooklyn, NY | $4,251,363 | $1,486,851 |
Mastervoices Inc New York, NY | $779,342 | $1,755,720 |
Zamir Choral Foundation Inc New York, NY | $1,054,675 | $1,768,406 |
Teutonia Maennerchor Of Allegheny City Pittsburgh, PA | $434,873 | $973,808 |
The Choir School Of Delaware Inc Wilmington, DE | $1,170,051 | $1,493,529 |
Philadelphia Boys And Girls Choirs Philadelphia, PA | $1,941,949 | $771,480 |
Westrick Music Academy Inc Princeton Jct, NJ | $619,346 | $775,626 |
Rock To The Future Philadelphia, PA | $549,869 | $840,748 |
Albany Pro Musica Inc Troy, NY | $1,087,348 | $710,352 |