Philadelphia Youth Orchestra
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 06/1962
- Data as of
- 08/2023
- EIN
- 23-6392235
Organization Overview
Philadelphia Youth Orchestra, operating under the name Pyo Music Institute, is located in Philadelphia, PA. The organization was established in 1962. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Pyo Music Institute employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pyo Music Institute 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 08/2023, Pyo Music Institute generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.8m during the year ending 08/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PHILADELPHIA YOUTH ORCHESTRA USES EXTRAORDINARY MUSIC EDUCATION THROUGH THE PURSUIT OF MUSIC EXCELLENCE TO INSPIRE A STRONG SENSE OF CHARACTER, DISCIPLINE, COMMITMENT, AND COMMUNITY FOR OUR DIVERSE STUDENT POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS OF THE PYO PROVIDE MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES TO STUDENTS IN THE GREATER PHILADELPHIA REGION IN THE FISCAL YEAR 2022-2023, THE PYO HAD THE FOLLOWING PROGRAM ACTIVITIES: PHILADELPHIA YOUTH ORCHESTRA (123 STUDENTS) PHILADELPHIA YOUNG ARTISTS ORCHESTRA (94 STUDENTS) YOUNG MUSICIANS DEBUT ORCHESTRA (48 STUDENTS) BRAVO BRASS (19 STUDENTS) PHILADELPHIA SYMPHONIC BAND (13 STUDENTS) PHILADELPHIA REGION YOUTH PRYSM STRINGS (115 STUDENTS) PHILADELPHIA YOUTH JAZZ ORCHESTRA (9 STUDENTS) THE PYO 2022-2023 PERFORMANCE SCHEDULE CONSISTED PRIMARILY OF PERFORMANCE ACTIVITIES. IN ORDER TO ATTRACT AND RETAIN THE BEST STUDENT MUSICIANS, PYO OFFERS A TUITION FINANCIAL AID PROGRAM TO STUDENTS THAT DEMONSTRATE TALENT, BUT DO NOT HAVE THE FINANCIAL WHEREWITHAL TO PAY THE FULL TUITION. IN 2022-2023, THE ORCHESTRA PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $132,325.
IN THE FISCAL YEAR 2022-2023, TUNE UP PHILLY HAD 83 STUDENTS. THE TUNE UP PHILLY 2022-2023 PERFORMANCE SCHEDULE CONSISTED OF VIRTUAL PERFORMANCE ACTIVITIES. TUNE UP PHILLY STUDENTS RECEIVE FULL TUITION FINANCIAL AID.
THE ORCHESTRA IS REGISTERED AS AN EDUCATIONAL IMPROVEMENT ORGANIZATION (EIO) AND AN OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) AGENCY UNDER THE COMMONWEALTH OF PENNSYLVANIA'S EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM. THE ORCHESTRA PROVIDED 4 OSTC SCHOLARSHIPS UNDER THIS PROGRAM IN THE FISCAL YEAR 2022-2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Pick Chairman | OfficerTrustee | 1 | $0 |
Christopher Rinaldi Vice Chairman | OfficerTrustee | 1 | $0 |
Frank H Dilenschneider Treasurer | OfficerTrustee | 1 | $0 |
Denise Valme-Lundy ESQ Secretary | OfficerTrustee | 1 | $0 |
Kenneth Blank PHD Trustee | Trustee | 1 | $0 |
Louis Scaglione President, CEO & Music Director | Officer | 50 | $259,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $821,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,911 |
| Total Program Service Revenue | $864,201 |
| Investment income | $34,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,873 |
| Net Income from Fundraising Events | $132,946 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,913,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,635 |
| Compensation of current officers, directors, key employees. | $201,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $893,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $456 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,563 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,778 |
| Insurance | $5,559 |
| All other expenses | $55,182 |
| Total functional expenses | $1,798,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,998 |
| Savings and temporary cash investments | $202,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $720 |
| 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 | $3,554 |
| Net Land, buildings, and equipment | $223,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,466,392 |
| Intangible assets | $0 |
| Other assets | $515,880 |
| Total assets | $2,442,217 |
| Accounts payable and accrued expenses | $24,130 |
| Grants payable | $0 |
| Deferred revenue | $276,814 |
| 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 | $558,889 |
| Total liabilities | $859,833 |
| Net assets without donor restrictions | $385,431 |
| Net assets with donor restrictions | $1,196,953 |
| 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 | $2,442,217 |