Childrens Orchestra Society Inc
- Assets
- $718.2k
- Revenue
- $841.4k
- Investments
- $2.0k
- Employees
- 11
- Location
- Fresh Meadows, NY
- Founding
- 04/1971
- Data as of
- 06/2022
- EIN
- 23-7106585
Organization Overview
Childrens Orchestra Society Inc is located in Fresh Meadows, NY. The organization was established in 1971. 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 06/2022, Childrens Orchestra Society Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Orchestra Society 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, Childrens Orchestra Society Inc generated $841.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $429.2k during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 6 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 TEACH CHILDREN THE LANGUAGE AND VALUES OF MUSIC THROUGH EDUCATION, INSTRUCTION AND BY PROVIDING PERFORMANCE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR 2021-2022, THE CHILDREN'S ORCHESTRA SOCIETY HAD AN ENROLLMENT OF 94 STUNDENTS (UP FROM 74 LAST YEAR) AND HAD 4 STUDENT RECITALS, INCLUDING TWO CHAMBER MUSIC CONCERTS, A WINTER CONCERT AT ADELPHI UNIVERSITY PERFORMING ARTS CENTER, AND A SPRING CONCERT AT OUR REHEARSAL SPACE AT SYOSSET COMMUNITY CHURCH, A FACULTY AND ALUMNI CONCERT AT GOOD SHERPARD FAITH PRESBYTERIAN CHURCH, AND A GALA DISCOVERY CONCERT AT ALICE TULY HALL OF LINCOLN CENTER IN NEW YORK CITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dadap Artistic & Music Director | OfficerTrustee | 40 | $60,000 |
Yeou-Cheng MA Executive Director | OfficerTrustee | 40 | $63,410 |
FR David Lowry Chair | OfficerTrustee | 5 | $0 |
Roland Shen Treasurer | OfficerTrustee | 5 | $0 |
Daniel Chang Director | Trustee | 5 | $0 |
June Feng Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,527 |
| Related organizations | $0 |
| Government grants | $47,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $688,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,041 |
| Total Program Service Revenue | $97,720 |
| Investment income | $4,641 |
| 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 | $841,359 |
| 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. | $169,526 |
| Compensation of current officers, directors, key employees. | $82,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,317 |
| Pension plan accruals and contributions | $5,515 |
| Other employee benefits | $7,014 |
| Payroll taxes | $18,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,505 |
| Office expenses | $18,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,588 |
| Travel | $3,748 |
| 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 | $6,280 |
| Insurance | $8,150 |
| All other expenses | $0 |
| Total functional expenses | $429,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,751 |
| Savings and temporary cash investments | $355,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,211 |
| 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 | $0 |
| Net Land, buildings, and equipment | $172,810 |
| Investments—publicly traded securities | $66,626 |
| Investments—other securities | $1,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $718,159 |
| Accounts payable and accrued expenses | $509 |
| 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 | $18,967 |
| Total liabilities | $19,476 |
| Net assets without donor restrictions | $687,683 |
| Net assets with donor restrictions | $11,000 |
| 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 | $718,159 |