Choral Arts Initiative
- Assets
- $66.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-2778387
Organization Overview
Choral Arts Initiative is located in Irvine, CA. The organization was established in 2013. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choral Arts Initiative 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 12/2023, Choral Arts Initiative generated $131.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $122.9k during the year ending 12/2023. While expenses have increased by 19.8% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Asmus Board Member & Treasurer | 5 | $0 | |
Jeffrey Derus Board Member | 5 | $0 | |
Lorraine Welling Board Member | 5 | $0 | |
Lisa Murphy Board Member & Secretary | 5 | $0 | |
Kyrstin Ohta Managing Director | 5 | $4,583 | |
Brandon Elliott Artistic & Executive Director | 25 | $10,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,992 |
| Total Program Service Revenue | $20,408 |
| Membership dues | $0 |
| Investment income | $1,508 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,492 |
| Professional fees and other payments to independent contractors | $71,072 |
| Occupancy, rent, utilities, and maintenance | $7,100 |
| Printing, publications, postage, and shipping | $331 |
| Other expenses | $39,950 |
| Total expenses | $122,945 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,582 |
| Other assets | $0 |
| Total assets | $66,582 |
| Total liabilities | $23,154 |
| Net assets or fund balances | $43,428 |