Choral Arts Society Of Washington
- Assets
- $5.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Washington, DC
- Founding
- 12/1969
- Data as of
- 08/2023
- EIN
- 52-0895826
Organization Overview
Choral Arts Society Of Washington is located in Washington, DC. The organization was established in 1969. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Choral Arts Society Of Washington employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choral Arts Society Of Washington 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, Choral Arts Society Of Washington generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. 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
TO REAWAKEN HUMAN CAPACITY FOR AWE THROUGH THE POWER OF CHORAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED NOTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brock Suzanne Member | Trustee | 2 | $0 |
Broyles Eric Member | Trustee | 2 | $0 |
Cerf Charles Member | Trustee | 2 | $0 |
Florini Karen Member | Trustee | 2 | $0 |
Garber Matt Chair | OfficerTrustee | 5 | $0 |
Goodhart Sue Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neworks Concert Production | 8/30/22 | $171,647 |
Restaurant Assoc Catering | 8/30/22 | $151,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,477 |
| Membership dues | $0 |
| Fundraising events | $32,340 |
| Related organizations | $0 |
| Government grants | $325,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,704 |
| Noncash contributions included in lines 1a–1f | $63,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,751 |
| Total Program Service Revenue | $365,479 |
| Investment income | $194,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,006 |
| Net Income from Fundraising Events | $207,533 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,505,018 |
| 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. | $317,332 |
| Compensation of current officers, directors, key employees. | $39,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,279 |
| Pension plan accruals and contributions | $26,320 |
| Other employee benefits | $55,187 |
| Payroll taxes | $59,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,133 |
| Fees for services: Lobbying | $7,457 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,873 |
| Fees for services: Other | $20,227 |
| Advertising and promotion | $195,004 |
| Office expenses | $25,151 |
| Information technology | $24,493 |
| Royalties | $0 |
| Occupancy | $96,108 |
| Travel | $16,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,843 |
| Insurance | $8,313 |
| All other expenses | $83,913 |
| Total functional expenses | $2,135,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154 |
| Savings and temporary cash investments | $683,424 |
| 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 | $5,530 |
| Prepaid expenses and deferred charges | $43,183 |
| Net Land, buildings, and equipment | $16,943 |
| Investments—publicly traded securities | $4,903,965 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,581 |
| Total assets | $5,919,780 |
| Accounts payable and accrued expenses | $23,271 |
| Grants payable | $0 |
| Deferred revenue | $48,809 |
| 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 | $279,155 |
| Total liabilities | $351,235 |
| Net assets without donor restrictions | $3,075,676 |
| Net assets with donor restrictions | $2,492,869 |
| 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 | $5,919,780 |