Chesapeake Youth Symphony Orchestra
- Assets
- $140.3k
- Revenue
- $242.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Annapolis, MD
- Founding
- 09/1990
- Data as of
- 06/2024
- EIN
- 52-1688994
Organization Overview
Chesapeake Youth Symphony Orchestra is located in Annapolis, MD. The organization was established in 1990. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Chesapeake Youth Symphony 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 06/2024, Chesapeake Youth Symphony Orchestra generated $242.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $291.7k during the year ending 06/2024. While expenses have increased by 16.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH MUSIC EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORCHESTRA PROVIDES TRAINING AND PERFORMANCE OPPORTUNITIES FOR APPROXIMATELY 140 STUDENT MUSICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Alexander President | OfficerTrustee | 2 | $0 |
Anne Sloan Vice President | OfficerTrustee | 2 | $0 |
Jane Chambers Secretary | OfficerTrustee | 2 | $0 |
Tom Eisinger Treasurer | OfficerTrustee | 2 | $0 |
Dana Bevard Board Member | Trustee | 2 | $0 |
Ravi Bahethi Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,660 |
| Total Program Service Revenue | $189,808 |
| Investment income | $983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,539 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $95 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,335 |
| 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. | $33,600 |
| Compensation of current officers, directors, key employees. | $10,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,605 |
| Advertising and promotion | $7,259 |
| Office expenses | $2,099 |
| Information technology | $351 |
| Royalties | $0 |
| Occupancy | $11,173 |
| Travel | $81,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,823 |
| Insurance | $6,367 |
| All other expenses | $2,200 |
| Total functional expenses | $291,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,053 |
| Savings and temporary cash investments | $39,834 |
| 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 | $4,214 |
| Net Land, buildings, and equipment | $29,470 |
| Investments—publicly traded securities | $23,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,345 |
| Accounts payable and accrued expenses | $3,528 |
| 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 | $3,528 |
| Net assets without donor restrictions | $132,820 |
| Net assets with donor restrictions | $3,997 |
| 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 | $140,345 |