Chicago Youth Symphony Orchestras
- Assets
- $1.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 50
- Location
- Chicago, IL
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 36-6109808
Organization Overview
Chicago Youth Symphony Orchestras is located in Chicago, IL. The organization was established in 1948. 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 06/2022, Chicago Youth Symphony Orchestras employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Youth Symphony Orchestras 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, Chicago Youth Symphony Orchestras generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 4 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
CYSO'S MISSION IS TO INSPIRE AND CULTIVATE PERSONAL EXCELLENCE THROUGH MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022 FISCAL YEAR, CYSO SERVED NEARLY 610 STUDENTS AGES 6-18 IN ON-SITE ENSEMBLES INCLUDING FOUR FULL ORCHESTRAS, THREE STRING ORCHESTRA, MULTIPLE STEEL ORCHESTRAS, AND ENRICHMENT OPPORTUNITIES INCLUDING CHAMBER MUSIC, MASTERCLASSES, AND MUSIC COMPOSITION. CYSO MUSICIANS LEARN FROM CHICAGO'S MOST RESPECTED PROFESSIONAL MUSICIANS, PERFORM IN THE WORLD'S GREAT CONCERT HALLS, AND GAIN THE SELF-CONFIDENCE AND DISCIPLINE NECESSARY FOR SUCCESSFUL FUTURE.
OTHER
CYSO COMMUNITY ENGAGEMENT PROGRAMS SUPPORTED INSTRUMENTAL MUSIC ACCESS AND TRAINING FOR APPROXIMATELY 8,500 YOUNG PEOPLE DURING THE 2022 FISCAL YEAR. CYSO HAS TWO DIRECT INSTRUCTION TUITION FREE AND AUDITION FREE PROGRAMS IN CHICAGO PUBLIC SCHOOLS SERVING 120 TOTAL STUDENTS. IN ADDITION, CYSO WORKS WITH STUDENTS ACROSS MANY LOWER INCOME CHICAGO NEIGHBORHOODS THROUGH OUR FREE COMMUNITY AND EDUCATION CONCERTS, AND PARTNERSHIPS WITH THE CHICAGO PUBLIC SCHOOLS, THE PEOPLE'S MUSIC SCHOOL, AND THE CHICAGO MUSICAL PATHWAYS INITIATIVE.
CYSO HAS ENJOYED A RICH TRADITION OF INTERNATIONAL TOURING, BEGINNING WITH OUR INAUGURAL TOUR IN 1985 AND CONTINUING THROUGH 2019.DURING THIS TIME, CYSO STUDENTS HAVE TRAVELED TO OVER 50 OF THE WORLD'S GREATEST CITIES. TOURING PROVIDES STUDENTS WITH UNPARALLELED EXPERIENCES AND OPPORTUNITIES TO PERFORM IN VENUS RICH IN HISTORY AND TRADITION. DURING THE 2022 FISCAL YEAR, CYSO'S SYMPHONY ORCHESTRA WENT ON ITS 16TH INTERNATIONAL TOUR. THE SYMPHONY ORCHESTRA PERFORMED IN PERFORMED IN BERLIN AND LEIPZIG, GERMANY: PRAGUE, CZECH REPUBLIC AND VIENNA, AUSTRIA. SYMPHONY ORCHESTRA TYPICALLY TOURS EVERY OTHER YEAR, AND DID NOT HAVE INTERNATIONAL TOUR IN THE FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Bricker Board Chair | OfficerTrustee | 2 | $0 |
Henry E Turner Jr Governance | OfficerTrustee | 2 | $0 |
Kelly Howe Development | OfficerTrustee | 2 | $0 |
Saurab Bhargava Artistic Cha | OfficerTrustee | 2 | $0 |
Pam Conroy Treasurer | OfficerTrustee | 2 | $0 |
Angela O'banion Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $462,798 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,040,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502,880 |
| Total Program Service Revenue | $1,810,487 |
| Investment income | $7,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $373,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,892,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $144,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,960 |
| Compensation of current officers, directors, key employees. | $54,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $833,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,519 |
| Payroll taxes | $76,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,340 |
| Office expenses | $31,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,030 |
| Insurance | $8,218 |
| All other expenses | $238,022 |
| Total functional expenses | $2,975,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,631 |
| Savings and temporary cash investments | $723,317 |
| Pledges and grants receivable | $486,000 |
| Accounts receivable, net | $175,444 |
| 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 | $26,463 |
| Net Land, buildings, and equipment | $51,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,790,682 |
| Accounts payable and accrued expenses | $75,786 |
| Grants payable | $0 |
| Deferred revenue | $283,781 |
| 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 | $359,567 |
| Net assets without donor restrictions | $702,261 |
| Net assets with donor restrictions | $728,854 |
| 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 | $1,790,682 |