Mosaic Steel Orchestra
- Assets
- $70.1k
- Revenue
- $155.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Norfolk, VA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 41-2177286
Organization Overview
Mosaic Steel Orchestra is located in Norfolk, VA. The organization was established in 2007. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mosaic Steel Orchestra employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mosaic Steel Orchestra 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, Mosaic Steel Orchestra generated $155.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $158.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
PROVIDE AN ENVIRONMENT TO ASSIST YOUTH. PROVIDE YOUTH WITH AN ENVIRONMENT FOR INDIVIDUAL GROWTH AND DEVELOPMENT, WHILE PARTICIPATING IN GROUP ACTIVITIES. OUT CORNERSTONE PROGRAM, MOSAIC STEEL ORCHESTRA IS TAILORED TO PROVIDE THE BENEFITS OF TRADITIONAL ARTS STUDIES IN A FRAMEWORK WHICH IS ATTRACTIVE TO AND RESPECTFUL OF THE DIVERSE COMMUNITY IT SEEKS TO SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES ACTIVITIES WHICH ALLOW YOUTH TO PARTICIPATE IN MUSICAL CULTURAL ASSIST YOUTH IN PROGRAMS TO HELP THEM BECOME ADULTSACTIVITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,296 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,452 |
| Total Program Service Revenue | $19,784 |
| Investment income | $0 |
| 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 | $155,236 |
| 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. | $27,045 |
| Compensation of current officers, directors, key employees. | $27,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,700 |
| Advertising and promotion | $838 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,796 |
| Travel | $0 |
| 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 | $3,310 |
| All other expenses | $50,104 |
| Total functional expenses | $158,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,474 |
| 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 | $27,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,076 |
| Accounts payable and accrued expenses | $64,972 |
| 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 | $0 |
| Total liabilities | $64,972 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,104 |
| 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 | $70,076 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mosaic Steel Orchestra has recieved totaling $98,515.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: MOSAIC STEEL ORCHESTRA BLACK COMMUNITY PARTNERSHIP GRANT | $50,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $20,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $20,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: FOR UNRESTRICTED SUPPORT | $8,450 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |