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Nonprofiteer
← YOUNG PEOPLES CHORUS OF NEW YORK CITY INC

Form 990 for tax year 2024

Filed by YOUNG PEOPLES CHORUS OF NEW YORK CITY INC.

Totals

Total revenue
$6,970,645
Total expenses
$7,047,780
Contributions and grants received
$5,685,678
Grants paid
$0
Program service revenue
$1,108,194
Investment income
$150,874
Other revenue
$25,899
Total assets, end of year
$7,973,549
Total liabilities, end of year
$2,899,381
Net assets or fund balances, end of year
$5,074,168
Program services expenses (Part IX)
$5,601,276
Management and general expenses
$594,191
Fundraising expenses
$852,313
Program service expenses (Part III)
$5,601,276

Program services were 79.5% 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

    $1,498,234

  • 1e · Government grants (contributions)

    $438,315

  • 1f · All other contributions, gifts and grants

    $3,749,129

  • 1g · Noncash contributions included above

    $98,433

  • 2a · Program service revenue: PERFORMANCES

    total $504,991 · related or exempt $504,991

  • 2b · Program service revenue: TUITION

    total $491,758 · related or exempt $491,758

  • 2c · Program service revenue: IN SCHOOLS

    total $111,445 · related or exempt $111,445

  • 3 · Investment income

    total $156,039 · excluded $156,039

  • 7a · Gross sales of assets other than inventory

    securities $98,216

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

    securities $103,381

  • 7c · Gain or loss

    securities -$5,165

  • 7d · Net gain or loss

    total -$5,165 · excluded -$5,165

  • 8a · Fundraising events: gross income

    $168,200

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

    $1,498,234

  • 8b · Fundraising events: direct expenses

    $142,301

  • 8c · Net income from fundraising events

    total $25,899 · excluded $25,899

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $2,449,773 · program services $1,752,004 · management and general $385,499 · fundraising $312,270

  • 9 · Other employee benefits

    total $175,313 · program services $122,959 · management and general $39,210 · fundraising $13,144

  • 10 · Payroll taxes

    total $221,055 · program services $160,585 · management and general $33,551 · fundraising $26,919

  • 11b · Fees: legal

    total $134,135 · program services $44,801 · management and general $44,667 · fundraising $44,667

  • 11c · Fees: accounting

    total $51,381 · program services $17,161 · management and general $17,110 · fundraising $17,110

  • 11e · Fees: professional fundraising services

    total $275,728 · fundraising $275,728

  • 11f · Fees: investment management

    total $5,165 · management and general $5,165

  • 11g · Fees: other

    total $227,744 · program services $203,373 · management and general $24,371

  • 12 · Advertising and promotion

    total $401,637 · program services $333,683 · fundraising $67,954

  • 13 · Office expenses

    total $107,393 · program services $97,727 · management and general $2,041 · fundraising $7,625

  • 14 · Information technology

    total $70,223 · program services $63,903 · management and general $1,334 · fundraising $4,986

  • 16 · Occupancy

    total $529,248 · program services $481,615 · management and general $10,056 · fundraising $37,577

  • 17 · Travel

    total $61,615 · program services $61,615

  • 20 · Interest

    total $12,614 · management and general $12,614

  • 22 · Depreciation, depletion and amortization

    total $286,759 · program services $265,783 · management and general $4,428 · fundraising $16,548

  • 23 · Insurance

    total $37,247 · program services $24,165 · management and general $3,289 · fundraising $9,793

  • 24a · Other expenses: CONCERT EXPENSES

    total $975,329 · program services $975,329

  • 24b · Other expenses: SCHOLARSHIPS-TUIT/TOUR

    total $764,458 · program services $764,458

  • 24c · Other expenses: ARTISTS & MUSICIANS

    total $191,912 · program services $191,912

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $69,051 · program services $40,203 · management and general $10,856 · fundraising $17,992

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,273 · end of year $146,324

  • 2 · Savings and temporary cash investments

    beginning of year $3,150,689 · end of year $2,168,112

  • 3 · Pledges and grants receivable

    beginning of year $187,831 · end of year $1,221,206

  • 4 · Accounts receivable

    beginning of year $42,665 · end of year $140,462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $562,064 · end of year $351,241

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

    $2,697,109

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

    $1,827,184

  • 10c · Land, buildings and equipment, net

    beginning of year $1,047,893 · end of year $869,925

  • 15 · Other assets

    beginning of year $3,329,823 · end of year $3,076,279

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,881 · end of year $400,342

  • 19 · Deferred revenue

    beginning of year $299,340 · end of year $180,140

  • 23 · Secured mortgages and notes payable

    beginning of year $144,344 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $2,659,077 · end of year $2,168,899

  • 27 · Net assets without donor restrictions

    beginning of year $1,310,012 · end of year $1,105,822

  • 28 · Net assets with donor restrictions

    beginning of year $3,689,584 · end of year $3,968,346

Mission and programs · 2024

Mission

TO PROVIDE CHILDREN OF DIVERSE ABILITIES AND ETHNIC BACKGROUNDS WITH A UNIQUE PROGRAM OF MUSIC APPRECIATION AND CHORAL PERFORMANCE THAT SEEKS TO FULFILL EACH CHILD'S MUSICAL POTENTIAL, WHILE CREATING A MODEL OF ARTISTIC EXCELLENCE AND HARMONY THAT ENRICHES OUR COMMUNITY.

  • THROUGH OUR IN-SCHOOL AND AFTER-SCHOOL PROGRAMMING, YPC REACHES OVER 2,000 YOUNG PEOPLE FROM ALL FIVE BOROUGHS OF NYC, PROVIDING WORLD-CLASS MUSIC EDUCATION, LIFE-CHANGING PERFORMANCE OPPORTUNITIES, AND COMPREHENSIVE WRAPAROUND ACADEMIC SERVICES. YPC IS COMMITTED TO ENSURING NO CHILD IS EVER EXCLUDED DUE TO FINANCIAL BARRIERS, PROVIDING LOW-COST AND FREE MUSIC AND EDUCATIONAL PROGRAMMING FOR NEW YORK CITY'S YOUNG PEOPLE. YPC PERFORMANCE CHORUSES REHEARSE AT OUR MAIN CAMPUS ACROSS THE STREET FROM LINCOLN CENTER, SERVING 450 YOUNG PEOPLE AGES 8-18 AND PERFORMING IN OVER 60 EVENTS. CHORISTERS STUDY AND PERFORM COMPLEX CHORAL WORKS, PERFORMING IN MAJOR HALLS LIKE LINCOLN CENTER AND CARNEGIE HALL AND INTERNATIONALLY. CHORISTERS ALSO BENEFIT FROM WRAPAROUND COLLEGE BOUND PROGRAMS, WHICH PROVIDE ACADEMIC AND COLLEGE ADMISSIONS SUPPORT. YPC COMMUNITY CHORUSES OFFER TRANSFORMATIVE MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR OVER 200 YOUNG PEOPLE IN THE SOUTH BRONX, WASHINGTON HEIGHTS AND UPPER MANHATTAN. THESE PROGRAMS FOCUS ON SERVING UNDER-RESOURCED COMMUNITIES, PARTICULARLY THOSE WITH LARGE IMMIGRANT POPULATIONS AND A HIGH PERCENTAGE OF ENGLISH LANGUAGE LEARNERS. BY PROVIDING AFTERSCHOOL PROGRAMMING DIRECTLY IN THE NEIGHBORHOODS WHERE CHORISTERS LIVE AND GO TO SCHOOL, YPC EASES THE BURDENS OF COST, TIME, AND TRANSPORTATION FOR YOUNG PEOPLE AND THEIR FAMILIES. YPC SCHOOL CHORUSES PARTNER WITH UP TO 20 TITLE 1 SCHOOLS, BRINGING OUR PROGRAMS TO 1,400 YOUNG PEOPLE IN NYC'S PUBLIC ELEMENTARY AND MIDDLE SCHOOLS. YPC SUBSIDIZES 100% OF THE COSTS OF THESE PROGRAMS FOR SCHOOLS, AND CHORISTERS PARTICIPATE AT NO ADDITIONAL COST. CHORISTERS LEARN FROM YPC'S PROPRIETARY CURRICULUM, STUDYING FOLK, CLASSICAL, JAZZ, BROADWAY, AND MORE AS THEY LEARN MUSIC HISTORY AND CULTURES AROUND THE WORLD. THROUGHOUT THE YEAR, SCHOOL CHORUSES PRESENT APPROXIMATELY 60 IN-SCHOOL AND COMMUNITY CONCERTS ACROSS NYC.

    Expenses $5,601,276 · Revenue $1,108,194

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

Listed in Part VII

  • FRANCISCO J NUNEZ

    PRESIDENT

    Total calculated
    $291,042
    From this org
    $263,542
    From related orgs
    $0
    Other
    $27,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,542
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,500
    Filer's total
    $291,042

  • SEAN RAMALHO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA TEPPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COSMO ROE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY FORBES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAROLINA ESQUENAZI-SHAIO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROYCE CHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LUCRECIA BORGONOVO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JODY STEINGLASS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANE MOSS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ANEESA FOLDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIEN COURBE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARC SUSKIN

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ADAM ZIRKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS J HARVEY JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEREMY WLADIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHILIP H LOVETT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH MCMANUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL FRACCARO

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • HIROKO ONOYAMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VIKRAM ATAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT NEIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ADAM D CHINN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JB HARRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTIN KEHOE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EVAN TROST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JASON ZAHORCHAK

    CHIEF OPERATING OFFICER

    Total calculated
    $32,510
    From this org
    $32,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ELIZABETH NUNEZ

    CREATIVE DIRECTOR

    Total calculated
    $144,167
    From this org
    $144,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • NANCY BLOOM

    EX-OFFICIO/EXECUTIVE PRODUCER

    Total calculated
    $119,167
    From this org
    $119,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,167
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $119,167

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202621279349300617

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