Elite Music Competition Corp

Organization Overview

Elite Music Competition Corp is located in East Hanover, NJ. The organization was established in 2017. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Elite Music Competition Corp 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 12/2023, Elite Music Competition Corp generated $387.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $382.6k during the year ending 12/2023. While expenses have increased by 40.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

MUSIC COMPETITION PROMOTION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE INTERNATIONAL MUSIC COMPETITION PROGRAMS TO ELEMENTARY


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Board, Officers & Key Employees

Name (title)Compensation
Alla Iovel
President
$54,000
Lev Iovel
VP
$54,000
Alek Iovel
Manager
$54,000

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$387,439
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $387,439

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