Astral Artists Inc
- Assets
- $947.9k
- Revenue
- $815.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Philadelphia, PA
- Founding
- 10/1991
- Data as of
- 06/2022
- EIN
- 23-2654833
Organization Overview
Astral Artists Inc is located in Philadelphia, PA. The organization was established in 1991. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Astral Artists Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Astral Artists 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, Astral Artists Inc generated $815.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $913.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASTRAL'S MISSION IS TO EMPOWER OUTSTANDING EMERGING MUSICIANS TO SHAPE PURPOSEFUL AND SUSTAINABLE CAREERS THAT INSPIRE, CONNECT, AND EXCITE DIVERSE AUDIENCES.
Describe the Organization's Program Activity:
CAREER GUIDANCE & DEVELOPMENT: EARLY PROFESSIONAL CAREER SERVICES AND MENTORING FOR HIGHLY SKILLED CLASSICAL MUSICIANS. SERVICES ALSO INCLUDE CONTRACTING ASTRAL ROSTER ARTISTS TO PERFORM ON OTHER CONCERT SERIES, NETWORKING OPPORTUNITIES, ENTREPRENEURIAL DEVELOPMENT, NEW YORK RECITALS, AND COLLABORATIVE CONCERTS WITH OTHER PRESENTING ORGANIZATIONS.
PHILADELPHIA CONCERT SERIES: HIGH PROFILE PERFORMANCES IN STANDARD AND CONTEMPORARY REPERTOIRE IN PHILADELPHIA VENUES.
EDUCATION AND COMMUNITY DEVELOPMENT ASTRAL'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS (CLASSROOM CLASSICS AND COMMUNITY CLASSICS) BRING OUTSTANDING CLASSICAL MUSIC TO DIVERSE AUDIENCES THROUGHOUT THE COMMUNITY. CLASSROOM CLASSICS: ASTRAL ARTISTS WORK CLOSELY WITH STUDENTS THROUGH EDUCATIONAL RESIDENCIES AND IN-SCHOOL CONCERTS. COMMUNITY CLASSICS: ASTRAL ARTISTS PERFORM CONCERTS FOR SENIOR CITIZEN AND SPECIAL NEEDS COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lourdes Starr-Demers President & CEO | Officer | 40 | $128,625 |
John B Wright II ESQ Chairman | OfficerTrustee | 4 | $0 |
William H Schaefer Secretary | OfficerTrustee | 2 | $0 |
Chris Rinaldi Vice Chair | OfficerTrustee | 4 | $0 |
Mark N Steinberger ESQ Treasurer | OfficerTrustee | 2 | $0 |
Vera Wilson Founder | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,162 |
| Total Program Service Revenue | $114,161 |
| Investment income | $24,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,063 |
| Net Income from Fundraising Events | $20,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,774 |
| 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. | $142,119 |
| Compensation of current officers, directors, key employees. | $21,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,605 |
| Pension plan accruals and contributions | $4,657 |
| Other employee benefits | $17,190 |
| Payroll taxes | $30,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,763 |
| Advertising and promotion | $22,491 |
| Office expenses | $2,435 |
| Information technology | $13,336 |
| Royalties | $0 |
| Occupancy | $50,393 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,069 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,538 |
| All other expenses | $0 |
| Total functional expenses | $913,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,085 |
| Savings and temporary cash investments | $96,746 |
| Pledges and grants receivable | $112,100 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,561 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $550,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $947,934 |
| Accounts payable and accrued expenses | $10,619 |
| 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 | $10,619 |
| Net assets without donor restrictions | $303,409 |
| Net assets with donor restrictions | $633,906 |
| 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 | $947,934 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Astral Artists Inc has recieved totaling $338,550.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT FOR FISCAL YEARS 2020, 2021, AND 2022 | $100,000 |
William Penn Foundation Philadelphia, PA PURPOSE: ASTRAL RESIDENCY PROGRAM | $65,000 |
William Penn Foundation Philadelphia, PA PURPOSE: ASTRAL RESIDENCY PROGRAM | $65,000 |
Presser Foundation Philadelphia, PA PURPOSE: ADVANCEMENT OF MUSIC | $30,000 |
Presser Foundation Philadelphia, PA PURPOSE: ADVANCEMENT OF MUSIC | $30,000 |
Hassel Foundation Philadelphia, PA PURPOSE: CLASSROOM CLASSICS | $15,000 |
Endowment Analysis
| Beg. Balance | $663,025 |
| Earnings | -$86,661 |
| Other Expense | $26,218 |
| Ending Balance | $550,146 |
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