Raleigh Boychoir Inc
- Assets
- $403.0k
- Revenue
- $139.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 09/1980
- Data as of
- 06/2022
- EIN
- 56-1169215
Organization Overview
Raleigh Boychoir Inc is located in Raleigh, NC. The organization was established in 1980. 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 06/2022, Raleigh Boychoir Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Boychoir Inc 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, Raleigh Boychoir Inc generated $139.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $541.3k during the year ending 06/2022. 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
TO EDUCATE AND TRAIN BOYS AGES 7 - 14 IN THE ART OF SINGING, TO PERFORM THE FINEST MUSIC IN THE BOYCHOIR TRADITION, TO CONTRIBUTE TO MUSICAL LIFE IN THE GREATER RALEIGH AREA, AND TO ENHANCE NORTH CAROLINA'S CULTURAL REPUTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APPROXIMATELY 60 BOYS WITH VOCAL TRAINING AND OPPORTUNITY TO PERFORM AS PART OF THE CHOIR AND IN DOMESTIC AND INTERNATIONAL TOURS. ADDITIONAL TRAINING THROUGH SUMMER CAMP OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Missy Donovan Executive Di | Officer | 40 | $38,792 |
Jeremy Tucker Artistic Dir | Officer | 20 | $30,000 |
Patti Kingery Chair | OfficerTrustee | 10 | $0 |
Vinita Chaudhary Treasurer | OfficerTrustee | 6 | $0 |
Jazzmone Sutton Secretary | OfficerTrustee | 6 | $0 |
Julie Lowe Mbr-At-Lrg | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,815 |
| Total Program Service Revenue | $68,817 |
| Investment income | $288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $226 |
| Net Income from Fundraising Events | $14,044 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,000 |
| 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. | $87,000 |
| Compensation of current officers, directors, key employees. | $44,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,337 |
| Fees for services: Accounting | $8,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,500 |
| Advertising and promotion | $3,989 |
| Office expenses | $8,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $515 |
| 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 | $1,418 |
| All other expenses | $13,101 |
| Total functional expenses | $541,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233 |
| 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 | $0 |
| Investments—publicly traded securities | $3,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $284,079 |
| Total assets | $402,980 |
| Accounts payable and accrued expenses | $354 |
| 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 | $354 |
| Net assets without donor restrictions | $402,626 |
| Net assets with donor restrictions | $0 |
| 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 | $402,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Raleigh Boychoir Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gipson Family Foundation Raleigh, NC PURPOSE: GENERAL ACTIVITIES | $5,000 |
Endowment Analysis
| Beg. Balance | $9,827 |
| Earnings | $121 |
| Admin Expense | $41 |
| Grants | $9,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer Nashville, TN | $5,301,089 | $3,795,133 |
Harmony Foundation International Inc Nashville, TN | $5,976,223 | $2,692,504 |
Raleigh Boychoir Inc Raleigh, NC | $402,980 | $139,190 |
Kings Heralds Inc Portland, TN | $53,669 | $342,532 |
Tlq Inc Clermont, GA | $236,298 | $325,412 |
Atlanta Master Chorale Inc Atlanta, GA | $340,008 | $310,273 |
Roanoke Valley Childrens Choir Inc Salem, VA | $96,247 | $289,748 |
Choralis Foundation Falls Church, VA | $110,795 | $250,779 |
Chamber Music Charleston Charleston, SC | $311,362 | $332,942 |
Hickory Choral Society Inc Hickory, NC | $859,624 | $234,940 |
Skylark Vocal Ensemble Inc Roswell, GA | $43,729 | $286,353 |
Singing Crusade For Christ Inc East Flat Rock, NC | $968,120 | $298,094 |