Young Singers Of The Palm Beaches Inc
- Assets
- $380.8k
- Revenue
- $946.7k
- Investments
- $0.0
- Employees
- 21
- Location
- West Palm Beach, FL
- Founding
- 06/2004
- Data as of
- 07/2022
- EIN
- 30-0193514
Organization Overview
Young Singers Of The Palm Beaches Inc is located in West Palm Beach, FL. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Young Singers Of The Palm Beaches Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Singers Of The Palm Beaches 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 07/2022, Young Singers Of The Palm Beaches Inc generated $946.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $975.3k during the year ending 07/2022. While expenses have increased by 2.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG SINGERS OF THE PALM BEACHES IS AN AWARD-WINNING COMMUNITY-BASED CHILDREN'S CHOIR WHICH TEACHES LIFE SKILLS THROUGH MUSIC. WE GIVE CHILDREN AN INCLUSIVE ATMOSPHERE OF ARTISTIC EXCELLENCE TO DEVELOP TEAMWORK AND LEADERSHIP SKILLS, FORM SUPPORTIVE FRIENDSHIPS, AND SERVE AS AMBASSADORS IN OUR COMMUNITY. WE VALUE THE UNIQUE QUALITIES OF DIVERSE BACKGROUNDS AND CULTURES.
Describe the Organization's Program Activity:
YOUNG SINGERS IS PALM BEACH COUNTY'S AWARD-WINNING COMMUNITY CHILDREN'S CHOIR, COMPRISED OF CHILDREN IN GRADES 2 THROUGH 12. OUR 240 MEMBER CHOIR PRODUCE TWO ANNUAL CONCERTS AT THE KRAVIS CENTER FOR THE PERFORMING ARTS AS WELL AS PERFORMING WITH THE PALM BEACH SYMPHONY AND PALM BEACH OPERA. LAST YEAR WE PARTICIPATED IN 38 LIVE AND VIRTUAL EVENTS TO AN AUDIENCE OF 40,000. USING MUSIC AS A COMMON DENOMINATOR, YOUNG SINGERS PROVIDES OUR STUDENTS A SAFE ENVIRONMENT FOR ARTISTIC EXCELLENCE, PERSONAL GROWTH AND SOCIAL DEVELOPMENT. - ARTISTIC EXCELLENCE: WE ARE KNOWN FOR OUR HIGH LEVEL OF MUSICIANSHIP AND ENTERTAINING CONCERTS. YSPB EXPANDS OUR SINGERS' KNOWLEDGE IN GENRES OF MUSIC, CULTURAL DIVERSITY, AND CHORAL TECHNIQUE. - PERSONAL GROWTH: OPPORTUNITIES ARE PROVIDED TO ENRICH PERFORMANCE SKILLS, LEADERSHIP SKILLS, AND BUILD SELF CONFIDENCE. - SOCIAL DEVELOPMENT: WE FOSTER COMMUNICATION, TEAM BUILDING AND PROBLEM SOLVING. OUR CHOIR MEMBERS LEARN THE IMPORTANCE OF COMMUNITY OUTREACH AND SERVICE. THEY ACT AS OUR AMBASSADORS WHEN THEY PERFORM IN SMALL ENSEMBLES AND AS SOLOISTS THROUGHOUT OUR COMMUNITY.
SINCE 2011, WE HAVE PROVIDED FREE AFTER-SCHOOL AND SUMMER CAMP CHORAL PROGRAMMING AT VARIOUS SCHOOLS AND OUT-OF-SCHOOL CARE SITES THROUGHOUT PALM BEACH COUNTY INCLUDING THE GLADES. CONDUCTORS OF OUR AFTER-SCHOOL CHOIRS ARE ALL MUSIC PROFESSIONALS, MANY WHO CURRENTLY TEACH MUSIC AT PALM BEACH COUNTY SCHOOLS. OUR AFTER-SCHOOL CHOIRS ENRICH CHILDREN WITH ALL THE BENEFITS OF BEING IN A CHOIR, LIKE A SENSE OF BELONGING, SELF-CONFIDENCE, BECOMING A BETTER READER, AS WELL AS LEARNING VOCAL TECHNIQUES, PROPER POSTURE AND BREATHING, TONE PRODUCTION, AND LEARNING TO SIGHT READ MUSIC. LAST YEAR OUR OUTREACH PROGRAMS REACHED OVER 1,900 ELEMENTARY AND MIDDLE SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly J Stewart Lcsw Executive Di | Officer | 40 | $80,344 |
Prof Erika Locke-Williams Secretary | OfficerTrustee | 2 | $0 |
Kai Li Fouts Jette President | OfficerTrustee | 2 | $0 |
Bob Pyle Treasurer | OfficerTrustee | 2 | $0 |
Jene P Williams-Rhoads ESQ Vice Preside | OfficerTrustee | 2 | $0 |
Bert Winkler Immed Past P | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,610 |
| Related organizations | $0 |
| Government grants | $235,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,995 |
| Noncash contributions included in lines 1a–1f | $6,451 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,915 |
| Total Program Service Revenue | $236,327 |
| Investment income | -$1,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $946,698 |
| 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. | $80,944 |
| Compensation of current officers, directors, key employees. | $8,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,387 |
| Advertising and promotion | $17,227 |
| Office expenses | $37,500 |
| Information technology | $12,977 |
| Royalties | $0 |
| Occupancy | $76,029 |
| Travel | $24,711 |
| 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 | $15,326 |
| Insurance | $7,481 |
| All other expenses | $30,374 |
| Total functional expenses | $975,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,538 |
| Savings and temporary cash investments | $65,629 |
| Pledges and grants receivable | $20,281 |
| Accounts receivable, net | $60,206 |
| 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 | $11,589 |
| Net Land, buildings, and equipment | $21,999 |
| Investments—publicly traded securities | $8,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,293 |
| Total assets | $380,752 |
| Accounts payable and accrued expenses | $40,936 |
| Grants payable | $0 |
| Deferred revenue | $46,875 |
| 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 | $87,811 |
| Net assets without donor restrictions | $267,941 |
| Net assets with donor restrictions | $25,000 |
| 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 | $380,752 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Young Singers Of The Palm Beaches Inc has recieved totaling $250,159.
| Awarding Organization | Amount |
|---|---|
Impact 100 Palm Beach County Inc Boca Raton, FL PURPOSE: CHARITY | $100,000 |
Jim Moran Foundation Inc Deerfield Beach, FL PURPOSE: GENERAL OPERATING & TEEN CHOIR IN THE GLADES | $55,000 |
Childrens Healthcare Charity Inc Palm Beach Gardens, FL PURPOSE: GENERAL SUPPORT | $48,159 |
Davis-Mccullough Foundation Inc Stamford, CT PURPOSE: FOR EDUCATIONAL PURPOSES - TEACHING LIFE SKILLS THROUGH MUSIC | $25,000 |
C Kenneth And Laura Baxter Foundation Inc West Palm Beach, FL PURPOSE: GENERAL | $20,000 |
He Hill Founadation In C Belle Glade, FL PURPOSE: TRANSPORTATION/CHOIR NEEDS | $2,000 |
Endowment Analysis
| Beg. Balance | $40,440 |
| Earnings | -$2,147 |
| Ending Balance | $38,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |