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Nonprofiteer
← NEW YORK YOUTH SYMPHONY INC

Form 990 for tax year 2024

Filed by NEW YORK YOUTH SYMPHONY INC.

Totals

Total revenue
$4,453,784
Total expenses
$2,178,979
Contributions and grants received
$2,602,417
Grants paid
$17,337
Program service revenue
$263,022
Investment income
$1,572,392
Other revenue
$15,953
Total assets, end of year
$11,286,165
Total liabilities, end of year
$1,153,343
Net assets or fund balances, end of year
$10,132,822
Program services expenses (Part IX)
$1,438,922
Management and general expenses
$481,885
Fundraising expenses
$258,172
Program service expenses (Part III)
$1,438,922

Program services were 66.0% 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

    $185,079

  • 1e · Government grants (contributions)

    $109,540

  • 1f · All other contributions, gifts and grants

    $2,307,798

  • 1g · Noncash contributions included above

    $1,027,454

  • 2a · Program service revenue: FEE INCOME

    total $199,110 · related or exempt $199,110

  • 2b · Program service revenue: TICKET SALES

    total $63,912 · related or exempt $63,912

  • 3 · Investment income

    total $260,005 · excluded $260,005

  • 7a · Gross sales of assets other than inventory

    securities $5,753,394

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

    securities $4,441,007

  • 7c · Gain or loss

    securities $1,312,387

  • 7d · Net gain or loss

    total $1,312,387 · excluded $1,312,387

  • 8a · Fundraising events: gross income

    $81,965

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

    $185,079

  • 8b · Fundraising events: direct expenses

    $81,965

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $15,953 · excluded $15,953

  • 11e · Other revenue, total

    $15,953

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,337 · program services $17,337

  • 5 · Compensation of officers, directors and key employees

    total $190,000 · program services $57,000 · management and general $114,000 · fundraising $19,000

  • 7 · Other salaries and wages

    total $764,022 · program services $515,527 · management and general $49,862 · fundraising $198,633

  • 8 · Pension plan contributions

    total $13,012 · program services $4,566 · management and general $6,900 · fundraising $1,546

  • 9 · Other employee benefits

    total $78,091 · program services $27,403 · management and general $41,411 · fundraising $9,277

  • 10 · Payroll taxes

    total $76,687 · program services $26,912 · management and general $40,664 · fundraising $9,111

  • 11c · Fees: accounting

    total $73,125 · management and general $73,125

  • 11f · Fees: investment management

    total $68,418 · management and general $68,418

  • 12 · Advertising and promotion

    total $48,219 · program services $48,219

  • 13 · Office expenses

    total $21,064 · program services $8,872 · management and general $8,292 · fundraising $3,900

  • 14 · Information technology

    total $22,995 · management and general $22,071 · fundraising $924

  • 16 · Occupancy

    total $550,103 · program services $503,641 · management and general $33,453 · fundraising $13,009

  • 17 · Travel

    total $40,918 · program services $31,736 · management and general $9,182

  • 19 · Conferences, conventions and meetings

    total $1,259 · management and general $1,259

  • 22 · Depreciation, depletion and amortization

    total $15,115 · program services $11,336 · management and general $2,721 · fundraising $1,058

  • 23 · Insurance

    total $17,139 · program services $12,854 · management and general $2,571 · fundraising $1,714

  • 24a · Other expenses: MUSIC SERVICES

    total $160,758 · program services $160,758

  • 24b · Other expenses: MISCELLANEOUS

    total $12,761 · program services $12,761

  • 24c · Other expenses: MEALS

    total $6,831 · management and general $6,831

  • 24d · Other expenses: MEMBERSHIP FEE

    total $1,125 · management and general $1,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,380 · end of year $77,217

  • 2 · Savings and temporary cash investments

    beginning of year $59,599 · end of year $4,193

  • 3 · Pledges and grants receivable

    beginning of year $173,086 · end of year $411,799

  • 4 · Accounts receivable

    beginning of year $4,233

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,842 · end of year $58,800

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

    $88,698

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

    $43,891

  • 10c · Land, buildings and equipment, net

    beginning of year $59,923 · end of year $44,807

  • 11 · Investments: publicly traded securities

    beginning of year $8,231,977 · end of year $9,658,395

  • 15 · Other assets

    beginning of year $1,173,070 · end of year $1,030,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,023 · end of year $60,366

  • 19 · Deferred revenue

    beginning of year $22,300

  • 25 · Other liabilities

    beginning of year $1,221,942 · end of year $1,092,977

  • 27 · Net assets without donor restrictions

    beginning of year $2,501,368 · end of year $2,104,798

  • 28 · Net assets with donor restrictions

    beginning of year $6,028,477 · end of year $8,028,024

Mission and programs · 2024

Mission

TO INSPIRE AND EDUCATE YOUNG MUSICIANS THROUGH PERFORMANCE AND ENSEMBLE ACTIVITIES.

Activities or mission (Part I)

REHEARSALS AND PERFORMANCES FOR YOUNG MUSICIANS ACROSS THE NEW YORK REGION.

  • THE NYYS SUPPORTED THE OPERATIONS OF AN ORCHESTRA OF 93 MUSICIANS, PERFORMING THREE CONCERTS AT CARNEGIE HALL, A SIDE-BY-SIDE WITH THE CRESCENDO ORCHESTRA, AND A KICKOFF WEEKEND. ADDITIONALLY, NYYS JAZZ PROVIDES PERFORMANCE TRAINING FOR 17 JAZZ MUSICIANS. THERE ARE MULTIPLE PERFORMANCES EACH YEAR, INCLUDING CONCERTS AT JALC, BRIC, AND REGIONAL COMMUNITY CENTER.FINALLY, THE NYYS CHAMBER MUSIC PROGRAM TRAINS 115 MUSICIANS IN THE PERFORMANCE OF CHAMBER MUSIC AND INCLUDES COMMUNITY ENGAGEMENT CONCERTS AND PERFORMANCES AT MAJOR VENUES IN NYC.

    Expenses $1,438,922 · Grants $17,337 · Revenue $263,022

As filed on the 2024 return.

Listed in Part VII

  • William Kapell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Robert L Poster

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Melissa Eisenstat

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Robert J Levine

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Michael Crouch

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Ruth E Pachman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ian Schaefer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bettina Buss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Benson Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Steve Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rhea Graffman Cohen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Louis Culot

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael R Diyanni

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Liam Fenlon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Barbara Field

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Elliott Forrest

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Andrew Herndon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sun Yoon Kim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael A Marquez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Peter Park

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ajay Rai

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Ro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christine Van Itallie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rima Vargas Vetter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Marica Vilcek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Anna Weber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert H Yunich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jen Zhang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Steve D Shaiman

    TRUSTEE (THROUGH 6/25)

    Total calculated
    $0
    Hours/week
    1
  • Sabine Celestin

    TRUSTEE (THROUGH 6/25)

    Total calculated
    $0
    Hours/week
    1
  • John Kilkenny

    EXECUTIVE DIRECTOR

    Total calculated
    $150,538
    From this org
    $150,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,538
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $150,538
  • Elizabeth Maury

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $143,142
    From this org
    $143,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ian Madover

    DIRECTOR OF MARKETING

    Total calculated
    $115,592
    From this org
    $115,592
    From related orgs
    $0
    Other
    $0
    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 · Compensation committee
  • 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
11 February 2026
IRS schema version
2024v5.5
Source object
202640429349300029

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