Young Audiences Of New Jersey
- Assets
- $5.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Princeton, NJ
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 23-7384991
Organization Overview
Young Audiences Of New Jersey, operating under the name Young Audiences New Jersey & Eastern Pennsylvania, is located in Princeton, NJ. The organization was established in 1975. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Young Audiences New Jersey & Eastern Pennsylvania employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Audiences New Jersey & Eastern Pennsylvania 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, Young Audiences New Jersey & Eastern Pennsylvania generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
INSPIRE YOUNG PEOPLE AND EXPAND THEIR LEARNING THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSEMBLIES: SINCE OUR FOUNDING IN 1973, WE HAVE GROWN INTO THE REGION'S LARGEST ARTS EDUCATION ORGANIZATION AND IN NOV 2012 MERGED WITH YOUNG AUDIENCES OF EASTERN PENNSYLVANIA AND BEGAN DOING BUSINESS AS YOUNG AUDIENCES NEW JERSEY AND EASTERN PENNSYLVANIA. THIS YEAR WE PRESENTED OVER 586 DIVERSE ASSEMBLY PROGRAMS. DYNAMIC AND INTERACTIVE, OUR ASSEMBLIES TURN LIVE PERFORMANCES INTO POWERFUL TEACHING TOOLS FOR LARGE GROUPS OF STUDENTS. YOUNG AUDIENCES' PERFORMERS ENTERTAIN AND DELIGHT CHILDREN AS THEY BRING EDUCATIONAL TOPICS VIVIDLY TO LIFE. WE SERVE NEARLY 400,000 CHILDREN AND 20,000 TEACHERS THROUGHOUT NJ AND EASTERN PA.
WORKSHOPS/RESIDENCIES: THIS YEAR WE PRESENTED APPROXIMATELY 1163 WORKSHOPS AND RESIDENCIES TO THE CHILDREN OF NEW JERSEY AND EASTERN PA. OUR WORKSHOPS AND RESIDENCIES PROVIDE FOCUSED, HANDS-ON LEARNING WITH TRAINED TEACHING ARTISTS IN CLASSROOM SETTINGS. STUDENTS RECEIVE INDIVIDUAL ATTENTION AS THEY WORK WITH THE ARTISTS AND LEARN ABOUT THEIR ART FORM. OUR WORKSHOPS AND RESIDENCIES CONNECT PERFORMANCES WITH SCHOOL CURRICULA AND CHALLENGE CHILDREN TO THINK CRITICALLY.
PROFESSIONAL DEVELOPMENT:THREE SIXTY FIVE (365) PROFESSIONAL DEVELOPMENT SEMINARS WERE PRESENTED TO TEACHERS AND ADMINISTRATORS THIS YEAR. YOUNG AUDIENCES IS A REGISTERED CLASS ONE PROVIDER WITH THE NJ STATE PROFESSIONAL TEACHING STANDARDS BOARD. OUR WORKSHOPS CONTRIBUTE TO THE 100-HOUR PROFESSIONAL DEVELOPMENT REQUIREMENT FOR TEACHERS AND COME WITH ALL THE NECESSARY DOCUMENTATION. THESE WORKSHOPS GIVE TEACHERS FRESH METHODS FOR APPROACHING LITERACY, MATH, SCIENCE AND OTHER SUBJECTS, OPENING THE CURRICULUM TO A WHOLE NEW WORLD THAT CAN IMPROVE STUDENTS' ACADEMIC SKILLS AND UNDERSTANDING, SELF ESTEEM, MOTIVATION, PROBLEM SOLVING SKILLS, COMMUNICATIONS AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Russo Pres & CEO | Officer | 40 | $120,887 |
Colleen A Foy Chair | OfficerTrustee | 2 | $0 |
Stacy Mattia Vice Chair | OfficerTrustee | 2 | $0 |
Steve Runk Secretary | OfficerTrustee | 2 | $0 |
Peter Johnson Treasurer | OfficerTrustee | 2 | $0 |
Heather Barberi Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,856 |
| Related organizations | $0 |
| Government grants | $939,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,011,015 |
| Noncash contributions included in lines 1a–1f | $5,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,973,689 |
| Total Program Service Revenue | $594,112 |
| Investment income | $27,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $399 |
| 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 | $2,776,405 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $832,132 |
| Pension plan accruals and contributions | $28,647 |
| Other employee benefits | $70,967 |
| Payroll taxes | $66,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,641 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,144 |
| Advertising and promotion | $69,783 |
| Office expenses | $92,602 |
| Information technology | $27,862 |
| Royalties | $0 |
| Occupancy | $75,398 |
| Travel | $2,565 |
| 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 | $0 |
| Insurance | $26,910 |
| All other expenses | $0 |
| Total functional expenses | $2,458,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,689 |
| Savings and temporary cash investments | $1,313,192 |
| Pledges and grants receivable | $730 |
| Accounts receivable, net | $190,502 |
| 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 | $2,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,516,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,025,158 |
| Accounts payable and accrued expenses | $91,040 |
| Grants payable | $0 |
| Deferred revenue | $62,094 |
| 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 | $153,134 |
| Net assets without donor restrictions | $2,561,366 |
| Net assets with donor restrictions | $2,310,658 |
| 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 | $5,025,158 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Young Audiences Of New Jersey has recieved totaling $529,893.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: supporting the 2021 Annual Fund | $369,644 |
Doris Duke Foundation For Islamic Art New York, NY PURPOSE: TO SUPPORT EXPANDING IMPLEMENTATION OF THE UNITED WE CREATE PROGRAM | $99,123 |
George H And Estelle M Sands Foundation Princeton, NJ PURPOSE: GENERAL | $50,000 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: PURCHASE OF EQUIPMENT. | $10,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $750 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $250 |
Endowment Analysis
| Beg. Balance | $3,075,682 |
| Earnings | -$657,621 |
| Ending Balance | $2,418,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |