Classics For Kids Inc
- Assets
- $397.2k
- Revenue
- $589.4k
- Investments
- $0.0
- Employees
- 14
- Location
- San Diego, CA
- Founding
- 09/1996
- Data as of
- 08/2023
- EIN
- 33-0706949
Organization Overview
Classics For Kids Inc is located in San Diego, CA. The organization was established in 1996. 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 08/2023, Classics For Kids Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classics For Kids 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 08/2023, Classics For Kids Inc generated $589.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $427.8k during the year ending 08/2023. While expenses have increased by 3.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLASSICS 4 KIDS PROVIDES EDUCATIONAL PROFESSIONAL ORCHESTRA CONCERTS, IN-SCHOOL ASSEMBLIES, AND FREE VIRTUAL PROGRAMMING FOR ELEMENTARY-AGED STUDENTS SPECIFICALLY LOW-INCOME STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICS 4 KIDS SERVES ELEMENTARY STUDENTS ACROSS SAN DIEGO COUNTY WITH CRITICAL MUSIC EDUCATION, SPECIFICALLY LOW-INCOME SCHOOLS, THROUGH PROFESSIONAL ORCHESTRA CONCERTS, IN-SCHOOL ASSEMBLIES, AND FREE VIRTUAL PROGRAMS. OUR CURRICULUM INTEGRATES MUSIC WITH STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH). CLASSICS 4 KIDS SERVED OVER 40,000 STUDENTS THROUGHOUT THE NATION DURING OUR 2022-2023 SEASON, WITH 27,000 OF OUR AUDIENCE REPRESENTING LOW-INCOME, TITLE 1 SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kiran Shelat Executive Dir. | Officer | 40 | $77,323 |
Kathleen Lincoln Secretary | OfficerTrustee | 0.5 | $0 |
Nirmala Kripanarayanan Board Member | Trustee | 0.5 | $0 |
Dr Angela Wang Chair | OfficerTrustee | 0.5 | $0 |
Susan Roth Board Member | Trustee | 0.5 | $0 |
Gaston Guerrero Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,528 |
| Related organizations | $0 |
| Government grants | $204,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,865 |
| Total Program Service Revenue | $69,174 |
| Investment income | $790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $589,393 |
| 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. | $78,710 |
| Compensation of current officers, directors, key employees. | $11,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,037 |
| Payroll taxes | $14,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,621 |
| Advertising and promotion | $4,816 |
| Office expenses | $5,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,131 |
| Travel | $3,058 |
| 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 | $1,260 |
| Insurance | $4,864 |
| All other expenses | $9,643 |
| Total functional expenses | $427,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,822 |
| Savings and temporary cash investments | $0 |
| 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 | $420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $397,242 |
| 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 | $4,570 |
| Total liabilities | $4,570 |
| Net assets without donor restrictions | $365,672 |
| Net assets with donor restrictions | $27,000 |
| 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 | $397,242 |