Yarnwire Inc
- Assets
- $78.6k
- Revenue
- $223.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Ridgewood, NY
- Founding
- 06/2009
- Data as of
- 07/2021
- EIN
- 26-3041529
Organization Overview
Yarnwire Inc is located in Ridgewood, NY. The organization was established in 2009. 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 07/2021, Yarnwire Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yarnwire 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 07/2021, Yarnwire Inc generated $223.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $209.1k during the year ending 07/2021. While expenses have increased by 2.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE GENERAL PUBLIC IN MUSIC AND OTHER ART FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATIONS - PROVIDING EDUCATION THROUGH LECTURES, INDIVIDUAL OR GROUP LESSONS AND/OR SEMINARS AND PUBLIC AND UNIVERSITY PERFORMANCES.
PRESENTATIONS - PROVIDING EDUCATION THROUGH LECTURES, INDIVIDUAL OR GROUP LESSONS AND/OR SEMINARS AND PUBLIC AND UNIVERSITY PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Greenberg Executive Director | Officer | 20 | $27,018 |
Lawrence Mesich Chair | OfficerTrustee | 1 | $0 |
Tami Morse Director | Trustee | 1 | $0 |
Elizabeth Wang Director | Trustee | 1 | $0 |
Kelly Savage Director | Trustee | 1 | $0 |
Mark Reigelman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,918 |
| Total Program Service Revenue | $33,637 |
| Investment income | $114 |
| 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 | $223,669 |
| 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. | $22,973 |
| Compensation of current officers, directors, key employees. | $1,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,202 |
| Payroll taxes | $24,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,797 |
| Advertising and promotion | $4,654 |
| Office expenses | $8,116 |
| Information technology | $5,380 |
| Royalties | $0 |
| Occupancy | $14,616 |
| Travel | $701 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $209,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,527 |
| Savings and temporary cash investments | $40,114 |
| 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 | $0 |
| 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 | $78,641 |
| Accounts payable and accrued expenses | $0 |
| 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 | $27,912 |
| Total liabilities | $27,912 |
| Net assets without donor restrictions | $50,729 |
| 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 | $78,641 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Yarnwire Inc has recieved totaling $67,017.
| Awarding Organization | Amount |
|---|---|
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $50,000 |
Frank & Lydia Bergman Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Robert D Bielecki Foundation Inc New York, NY PURPOSE: SUPPORT FORMUSIC RELEASE | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |