The Masterworks Choir Inc
- Assets
- $90.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, SC
- Founding
- 12/1987
- Data as of
- 06/2022
- EIN
- 57-0726675
Organization Overview
The Masterworks Choir Inc is located in Florence, SC. The organization was established in 1987. 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. Masterworks Choir 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, Masterworks Choir Inc generated $179.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $181.1k during the year ending 06/2022. While expenses have increased by 4.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE CHORAL AND ENSEMBLE MASTERPIECES AT VARIOUS CONCERTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Carswell Music Director | 10 | $14,254 | |
Howard Efird Chairman | 1 | $0 | |
Kathy Shuler Treasurer | 1 | $0 | |
Carolyn Barnard Vice-Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,799 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,812 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,109 |
| Professional fees and other payments to independent contractors | $36,270 |
| Occupancy, rent, utilities, and maintenance | $2,418 |
| Printing, publications, postage, and shipping | $12,858 |
| Other expenses | $103,476 |
| Total expenses | $181,131 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,327 |
| Other assets | $0 |
| Total assets | $90,327 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,327 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Masterworks Choir Inc has recieved totaling $19,892.
| Awarding Organization | Amount |
|---|---|
Aiken Foundation Inc Wilson, NC PURPOSE: GENERAL FUNDS | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,500 |
Florence Regional Arts Alliance Inc Florence, SC PURPOSE: TO FINANCIALLY SUPPORT THE ARTS | $3,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raleigh Boychoir Inc Raleigh, NC | $402,980 | $139,190 |
Tlq Inc Clermont, GA | $236,298 | $325,412 |
Atlanta Master Chorale Inc Atlanta, GA | $340,008 | $310,273 |
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 |
Greenville Civic Chorale Association Greenville, SC | $342,431 | $296,590 |
Choir School At St Peters Charlotte, NC | $515,925 | $278,854 |
Voices Of Note Inc Atlanta, GA | $580,580 | $269,951 |
The Michael O Neal Singers Inc Roswell, GA | $189,164 | $193,300 |
Hilton Head Choral Society Inc Hilton Head Island, SC | $161,852 | $224,284 |