Hickory Choral Society Inc
- Assets
- $859.6k
- Revenue
- $234.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 10/1981
- Data as of
- 06/2022
- EIN
- 56-1297229
Organization Overview
Hickory Choral Society Inc is located in Hickory, NC. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Choral Society 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, Hickory Choral Society Inc generated $234.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $278.4k during the year ending 06/2022. While expenses have increased by 12.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EACH PERSON SHOULD BE ALLOWED TO SHARE THE DIVINE, UNIVERSAL GIFT OF MUSIC AS A COLLECTIVE VOICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO LOCAL PUBLIC SCHOOLS TO SUPPORT & PROVIDE LIVE PRESENTATIONS OF CHORAL MUSIC TO THE GREATER HICKORY AREA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Dicianni Treasurer | Officer | 0 | $0 |
Gail Summer Vice President | Officer | 0 | $0 |
Sharon Milligan President | Officer | 0 | $0 |
Kathy Ivey Secretary | Officer | 0 | $0 |
Kellie Light Director | Trustee | 0 | $0 |
Marty Light Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $69,180 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,793 |
| Total Program Service Revenue | $61,250 |
| Investment income | $14,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,267 |
| Net Income from Fundraising Events | $19,154 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $987 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,940 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,684 |
| Office expenses | $4,926 |
| Information technology | $3,065 |
| Royalties | $7,041 |
| Occupancy | $5,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $580 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,006 |
| Insurance | $2,138 |
| All other expenses | $0 |
| Total functional expenses | $278,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,026 |
| 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 | $3,616 |
| Net Land, buildings, and equipment | $435,399 |
| Investments—publicly traded securities | $403,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $859,624 |
| Accounts payable and accrued expenses | $1,935 |
| Grants payable | $0 |
| Deferred revenue | $8,920 |
| 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 | $10,855 |
| Net assets without donor restrictions | $0 |
| 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 | $848,769 |
| Total liabilities and net assets/fund balances | $859,624 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hickory Choral Society Inc has recieved totaling $28,395.
| Awarding Organization | Amount |
|---|---|
United Arts Council Of Catawba County Hickory, NC PURPOSE: ASSISTANCE WITH PROMOTION OF CHORAL PERFORMANCES | $27,348 |
Hambrick Memorial Foundation Inc Hickory, NC PURPOSE: ALL DONATIONS ARE PHILANTHROPIC | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $367,734 |
| Earnings | -$61,677 |
| Admin Expense | $351 |
| Net Contributions | $97,523 |
| Ending Balance | $403,229 |
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 |