Candlelight Concert Society Inc
- Assets
- $674.0k
- Revenue
- $705.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Columbia, MD
- Founding
- 06/1976
- Data as of
- 06/2022
- EIN
- 23-7412834
Organization Overview
Candlelight Concert Society Inc is located in Columbia, MD. The organization was established in 1976. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Candlelight Concert Society Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Candlelight Concert 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, Candlelight Concert Society Inc generated $705.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $266.4k during the year ending 06/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE FINEST NATIONAL AND INTERNATIONAL CHAMBER MUSIC ENSEMBLES AND SOLOISTS, TO PROVIDE YOUNG PEOPLE WITH A STIMULATING INTRODUCTION TO THE PERFORMING ARTS, AND TO REACH OUT TO THOSE WITH LIMITED OPPORTUNITIES TO EXPERIENCE THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANDLELIGHT CONCERTS SOCIETY PRESENTED 8 IN PERSON CONCERTS (INCLUDING 2 LIVE STREAMED CONCERTS) WITH 41 ARTISTS AND ATTENDANCE AVERAGING 2,030 ATTENDEES (830 ATTENDING IN-PERSON CONCERT AND OVER 1,200 VIEWERS). ALSO PRESENTED OUTREACH EVENTS INCLUDING 4 EDUCATIONAL OUTREACH EVENTS AND 9 COMMUNITY EVENTS WITH 21 ARTISTS AT A COMMUNITY COLLEGE, AND 8 SENIOR COMMUNITY CENTERS; 6 PRE-CONCERT LECTURES; 3 PODCASTS, AND 6 RADIO BROADCASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Young President | OfficerTrustee | 10 | $0 |
Kevin Tai Secretary | OfficerTrustee | 1 | $0 |
Mary Perseghin Treasurer | OfficerTrustee | 10 | $0 |
Michael Lau Director | Trustee | 1 | $0 |
Gerard Perseghin Director | Trustee | 1 | $0 |
Charles Thomas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $122,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $560,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,216 |
| Total Program Service Revenue | $36,700 |
| Investment income | $782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $705,911 |
| 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 | $68,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,894 |
| Office expenses | $37,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,427 |
| Travel | $0 |
| 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 | $2,987 |
| All other expenses | $0 |
| Total functional expenses | $266,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,833 |
| Savings and temporary cash investments | $85,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,321 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,031 |
| Accounts payable and accrued expenses | $5,869 |
| Grants payable | $0 |
| Deferred revenue | $56,091 |
| 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 | $61,960 |
| Net assets without donor restrictions | $612,071 |
| Net assets with donor restrictions | $0 |
| 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 | $674,031 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Candlelight Concert Society Inc has recieved totaling $43,806.
| Awarding Organization | Amount |
|---|---|
Howard County Arts Council Ellicott City, MD PURPOSE: COMMUNITY ARTS DEVELOPMENT. | $43,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Concerts Inc Washington, DC | $5,908,234 | $11,646,682 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
Musicopia Inc Philadelphia, PA | $886,541 | $1,214,458 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Reading Musical Foundation Reading, PA | $17,638,151 | $3,531,006 |
Certification Board For Music Therapists Downingtown, PA | $1,562,068 | $1,221,804 |