Skip to content
Nonprofiteer
← YOUNG CONCERT ARTISTS INC

Form 990 for tax year 2024

Filed by YOUNG CONCERT ARTISTS INC.

Totals

Total revenue
$5,536,731
Total expenses
$4,619,112
Contributions and grants received
$3,551,222
Grants paid
$0
Program service revenue
$999,578
Investment income
$947,850
Other revenue
$38,081
Total assets, end of year
$12,902,656
Total liabilities, end of year
$986,583
Net assets or fund balances, end of year
$11,916,073
Program services expenses (Part IX)
$2,744,590
Management and general expenses
$760,613
Fundraising expenses
$1,113,909
Program service expenses (Part III)
$2,744,590

Program services were 59.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,121,161

  • 1e · Government grants (contributions)

    $183,640

  • 1f · All other contributions, gifts and grants

    $2,246,421

  • 1g · Noncash contributions included above

    $191,357

  • 2a · Program service revenue: BOOKING COMMISSIONS AND ARTISTS F

    total $926,660 · related or exempt $926,660

  • 2b · Program service revenue: CONCERT TICKET SALES

    total $58,027 · related or exempt $58,027

  • 2c · Program service revenue: AUDITION FEES

    total $14,891 · related or exempt $14,891

  • 3 · Investment income

    total $235,684 · excluded $235,684

  • 7a · Gross sales of assets other than inventory

    securities $2,914,914

  • 7b · Less cost or other basis and sales expenses

    securities $2,202,748

  • 7c · Gain or loss

    securities $712,166

  • 7d · Net gain or loss

    total $712,166 · excluded $712,166

  • 8a · Fundraising events: gross income

    $298,399

  • 8a · Fundraising events: contributions included on line 1c

    $1,121,161

  • 8b · Fundraising events: direct expenses

    $298,399

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $38,081 · excluded $38,081

  • 11e · Other revenue, total

    $38,081

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $327,062 · program services $130,825 · management and general $65,412 · fundraising $130,825

  • 7 · Other salaries and wages

    total $1,347,596 · program services $790,281 · management and general $167,925 · fundraising $389,390

  • 8 · Pension plan contributions

    total $64,178 · program services $37,734 · management and general $7,958 · fundraising $18,486

  • 9 · Other employee benefits

    total $195,928 · program services $116,501 · management and general $23,767 · fundraising $55,660

  • 10 · Payroll taxes

    total $110,828 · program services $61,598 · management and general $15,185 · fundraising $34,045

  • 11c · Fees: accounting

    total $99,708 · management and general $99,708

  • 11f · Fees: investment management

    total $85,196 · management and general $85,196

  • 11g · Fees: other

    total $367,657 · program services $24,341 · management and general $205,935 · fundraising $137,381

  • 12 · Advertising and promotion

    total $37,399 · program services $36,795 · management and general $399 · fundraising $205

  • 13 · Office expenses

    total $96,061 · program services $40,149 · management and general $24,607 · fundraising $31,305

  • 14 · Information technology

    total $31,356 · program services $9,500 · management and general $12,885 · fundraising $8,971

  • 16 · Occupancy

    total $284,171 · program services $157,942 · management and general $38,932 · fundraising $87,297

  • 17 · Travel

    total $98,801 · program services $61,060 · management and general $4,637 · fundraising $33,104

  • 19 · Conferences, conventions and meetings

    total $40,791 · program services $40,791

  • 22 · Depreciation, depletion and amortization

    total $2,343 · program services $1,302 · management and general $321 · fundraising $720

  • 23 · Insurance

    total $23,046 · program services $12,809 · management and general $3,157 · fundraising $7,080

  • 24a · Other expenses: FEES AND EXPENSES PAID

    total $868,731 · program services $868,731

  • 24b · Other expenses: HALL RENTAL, FRONT OFFI

    total $259,280 · program services $112,329 · fundraising $146,951

  • 24c · Other expenses: EDUCATIONAL RESIDENCIES

    total $116,920 · program services $112,170 · fundraising $4,750

  • 24d · Other expenses: JURY STIPENDS

    total $77,129 · program services $77,129

  • 24e · All other expenses

    total $84,931 · program services $52,603 · management and general $4,589 · fundraising $27,739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $316,409 · end of year $708,463

  • 2 · Savings and temporary cash investments

    beginning of year $380,533

  • 3 · Pledges and grants receivable

    beginning of year $166,700 · end of year $562,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,524 · end of year $60,312

  • 10a · Land, buildings and equipment: cost or other basis

    $67,750

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,199

  • 10c · Land, buildings and equipment, net

    beginning of year $24,844 · end of year $23,551

  • 11 · Investments: publicly traded securities

    beginning of year $10,456,651 · end of year $10,775,368

  • 15 · Other assets

    beginning of year $1,050,016 · end of year $772,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $170,723 · end of year $230,063

  • 25 · Other liabilities

    beginning of year $1,034,421 · end of year $756,520

  • 27 · Net assets without donor restrictions

    beginning of year $604,652 · end of year $886,990

  • 28 · Net assets with donor restrictions

    beginning of year $10,637,881 · end of year $11,029,083

Mission and programs · 2024

Mission

THE MISSION OF THE ORGANIZATION IS TO DISCOVER AND LAUNCH THE CAREERS OF EXTRAORDINARY YOUNG CLASSICAL MUSICIANS, AND TO EXPAND THE REACH AND RELEVANCE OF CLASSICAL MUSIC.

Activities or mission (Part I)

TO DISCOVER AND LAUNCH THE CAREERS OF EXTRAORDINARY YOUNG MUSICIANS.

  • ARTIST MANAGEMENT SERVICES:YOUNG CONCERT ARTISTS PROVIDES PROFESSIONAL CAREER MANAGEMENT FOR YCA ARTISTS AND COMPOSERS. WINNERS OF THE YOUNG CONCERT ARTISTS INTERNATIONAL AUDITIONS, HELD ANNUALLY, RECEIVE A MANAGEMENT CONTRACT WITH YCA. YOUNG CONCERT ARTISTS PROVIDES PROMOTIONAL MATERIALS, BOOKS SEVERAL HUNDRED CONCERT ENGAGEMENTS AND EDUCATIONAL RESIDENCIES EACH YEAR THROUGHOUT THE UNITED STATES AND ABROAD, AND ARRANGES THE TRAVEL, PUBLICITY AND PROGRAMS FOR EACH CONCERT. YCA'S ARTIST MANAGERS COUNSEL THE ARTISTS ON THEIR CAREER DEVELOPMENT, AND HELP THE ARTISTS SECURE COMMERCIAL MANAGEMENT REPRESENTATION WHEN THE ARTISTS ARE READY TO LEAVE YCA.

    Expenses $1,923,875 · Revenue $926,660

  • YOUNG CONCERT ARTISTS SERIES IN NEW YORK:THE YOUNG CONCERT ARTISTS 2024-2025 CONCERT SERIES IN NEW YORK INCLUDED SIX EVENING CONCERTS AND THREE LUNCHTIME CONCERTS AT THE MORGAN LIBRARY AND MUSEUM. THE OPENING NIGHT AND SEASON FINALE CONCERTS WERE BOTH PRESENTED AT CARNEGIE HALL'S ZANKEL HALL. THE SEASON FINALE INCLUDED 14 MUSICIANS, A MIX OF YCA ALUMNI AND CURRENT ARTISTS. OUR APRIL 17, 2025 GALA HELD AT JAZZ AT LINCOLN CENTER WAS THE MOST SUCCESSFUL IN YCA'S HISTORY IN BOTH THE AMOUNT OF MONEY RAISED AND THE NUMBER OF DINNER GUESTS FOR THE EVENING.

    Expenses $315,885 · Revenue $26,265

  • YOUNG CONCERT ARTISTS SERIES IN WASHINGTON, D.C.:THE YOUNG CONCERT ARTIST SERIES IN WASHINGTON D.C. HELD FIVE LIVE EVENTS AT THE KENNEDY CENTER DURING THE 2024-2025 SEASON. THE 45TH ANNUAL WASHINGTON, DC GALA WAS HELD MAY 6, 2025 AT THE RESIDENCE OF THE AMBASSADOR OF TURKEY.

    Expenses $214,992 · Revenue $31,762

  • OTHER PROGRAMS INCLUDE THE YOUNG CONCERT ARTISTS AUDITIONS.

    Expenses $289,838 · Revenue $14,891

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Sekhri

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Ellen Marcus

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mitchell B Sikora

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael L Lubin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Paul Gridley

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Michael Nash Ambler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Anthony E Diresta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Stephen Fischer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Beatrice Francais

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Demetrius Fuller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Greenwold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Angela Haines

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr William A Haseltine

    BOARD MEMBER (THRU 6/9/25)

    Total calculated
    $0
    Hours/week
    1
  • Marlene Herring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Huang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sherman Katz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karen E Lindquist

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shoshana Litt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joanna Ostrem

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Donald Peck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Judith Pisar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Irene Roth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Judith G Schlosser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Allan Soros

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ratna Subrahmanyam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Susan Wadsworth

    BOARD MEMBER

    Total calculated
    $139,751
    From this org
    $139,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Chee Yun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Daniel Kellogg

    PRESIDENT

    Total calculated
    $314,430
    From this org
    $255,000
    From related orgs
    $0
    Other
    $59,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,000
    Bonus
    $0
    Other
    $0
    Deferred
    $12,750
    Nontaxable benefits
    $46,680
    Filer's total
    $314,430
  • Christina Baker

    DIRECTOR OF ARTIST MGT

    Total calculated
    $146,707
    From this org
    $127,500
    From related orgs
    $0
    Other
    $19,207
    Hours/week
    40
  • Sarah Graham

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $244,846
    From this org
    $209,875
    From related orgs
    $0
    Other
    $34,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,875
    Bonus
    $0
    Other
    $0
    Deferred
    $18,889
    Nontaxable benefits
    $16,082
    Filer's total
    $244,846
  • Michael Herring

    SENIOR DIRECTOR OF BOOKING AND OPERATIONS

    Total calculated
    $126,923
    From this org
    $105,563
    From related orgs
    $0
    Other
    $21,360
    Hours/week
    40
  • John Stolen

    DIRECTOR OF MARKETING AND COMMUNICATION

    Total calculated
    $128,957
    From this org
    $107,500
    From related orgs
    $0
    Other
    $21,457
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349310666

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.