National Young Composers Challenge Inc
- Assets
- $15.2k
- Revenue
- $15.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Park, FL
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 26-2198953
Organization Overview
National Young Composers Challenge Inc is located in Winter Park, FL. The organization was established in 2010. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Young Composers Challenge 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 12/2021, National Young Composers Challenge Inc generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENABLE YOUNG ADULTS (AGES 13-18) TO HAVE THE OPPORTUNITY TO FURTHER THEIR MUSICAL CREATION AND COMPOSITION THROUGH THE ORGANIZATION OF A COMPOSITION COMPETITION FOR YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen H Goldman Chairman | 10 | $0 | |
Barbara Lombard Director | 2 | $0 | |
Keith Lay Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,157 |
| Total operating and administrative expenses | $5,207 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,198 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,198 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Young Composers Challenge Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Stephen H Goldman Foundation Inc Winter Park, FL PURPOSE: SUPPORT OF THE ARTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville Symphony Association Jacksonville, FL | $14,561,376 | $11,991,040 |
Florida Orchestra Inc St Petersburg, FL | $17,821,899 | $8,292,788 |
Florida West Coast Symphony Inc Sarasota, FL | $33,277,421 | $26,320,822 |
The Orlando Philharmonic Orchestra Inc Orlando, FL | $6,944,219 | $4,632,792 |
Alabama Symphonic Association Inc Birmingham, AL | $2,772,905 | $5,743,069 |
The Palm Beach Symphony Society Inc West Palm Beach, FL | $3,120,506 | $3,215,175 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |
Ocala Symphony Orchestra Inc Ocala, FL | $5,499,997 | $3,987,306 |
Venice Symphony Inc Venice, FL | $3,987,388 | $2,493,315 |
All Florida Youth Orchestra Hollywood, FL | $1,150,725 | $1,869,716 |
Huntsville Symphony Orchestra Association Huntsville, AL | $930,453 | $1,719,039 |