Overview
What is Young Concert Artists Inc?
Young Concert Artists Inc, a distinguished nonprofit based in New York City, is dedicated to nurturing and propelling the careers of exceptional young classical musicians. This organization, with a team of 13 dedicated individuals, achieves this mission by offering professional management services to winners of its annual international auditions. Winners receive a management contract, which includes the provision of promotional materials, the booking of numerous concert engagements and educational residencies worldwide, as well as assistance with travel, publicity, and program planning. The organization's artists managers also provide guidance on career development and assist in securing commercial management representation when the artists are ready to transition out of the organization. Overall, Young Concert Artists Inc serves as a crucial launchpad for talented young musicians, aiming to expand the reach and relevance of classical music.
Official website here: www.yca.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Young Concert Artists Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its robust accountability and financial practices. With a perfect score for independent board members and a strong audit oversight committee, the organization demonstrates a high level of governance and transparency. The absence of asset diversion and a comprehensive conflict of interest policy further reinforce its commitment to integrity.
Financially, the organization shows positive indicators with a manageable liabilities-to-assets ratio and a healthy working capital that suggests stability. However, while the percentage of program expenses is solid, it can be improved upon, as it currently stands at 63.57%. Additionally, the fundraising efficiency, though acceptable, shows room for optimization with a cost of $0.25 for every dollar raised.
Overall, Young Concert Artists Inc is positioned well in terms of governance and financial health. Continued focus on enhancing program expenses and fundraising efficiency could further strengthen its impact and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Young Concert Artists Inc legitimate?
Young Concert Artists Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Concert Artists Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $266,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $932,609
For more financial information, click here
Official website here: www.yca.org
What is the mission statement of Young Concert Artists Inc?
Young Concert Artists Inc's mission is centered around identifying and fostering the careers of exceptional young classical musicians. Their objective extends beyond just discovery, aiming to expand the relevance and reach of classical music as a whole. The organization provides comprehensive career management services to its artists, offering promotional materials, booking numerous concerts and educational residencies, and handling travel, publicity, and program arrangements for each performance. Their artist managers also offer guidance on career development and help artists secure commercial management representation when they are ready to leave the organization.
Official website here: www.yca.org
Who is the CEO of Young Concert Artists Inc?
Daniel Kellogg is the Chairman of Young Concert Artists Inc.
Official website here: www.yca.org
What is the revenue of Young Concert Artists Inc?
Young Concert Artists Inc's revenue in 2022 was $3,975,354.
Official website here: www.yca.org
Who are the executives of Young Concert Artists Inc and what are their salaries?
The average compensation at Young Concert Artists Inc during 2022 was $92,246. There are 13 employees at Young Concert Artists Inc.
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Official website here: www.yca.org
Where can I find the form 990 for Young Concert Artists Inc?
Young Concert Artists Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yca.org
Learn more at the official website: www.yca.org
Mission Statement of Young Concert Artists Inc
Young Concert Artists Inc, a renowned organization, is committed to an extraordinary mission. Its primary objective is to identify and propel the careers of gifted young classical musicians. Beyond this, its mission extends to broadening the reach and significance of classical music as a whole.
To achieve this mission, Young Concert Artists Inc offers professional career management services to its chosen artists and composers. This management includes providing promotional materials, organizing numerous concert engagements and educational residencies across the United States and abroad annually, arranging travel, publicity, and programs for each concert, and offering counsel on career development. Moreover, the organization assists its artists in securing commercial management representation when they are ready to transition out of Young Concert Artists Inc. In this way, the organization not only supports the individual musicians but also contributes to the continued growth and relevance of classical music as a genre.
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Impact
July, 2024
Young Concert Artists Inc has a significant impact on the classical music industry by discovering and launching the careers of extraordinary young musicians. Through artist management services, Young Concert Artists provides professional career management, promotional materials, concert engagements, and educational residencies for YCA artists and composers. Winners of the Young Concert Artists International Auditions receive a management contract with YCA, leading to numerous performance opportunities both in the United States and abroad. Additionally, YCA's artist managers offer guidance to the artists on career development and assist them in securing commercial management representation when they are ready to transition from the organization. Through these efforts, Young Concert Artists plays a crucial role in expanding the reach and relevance of classical music while supporting the next generation of talented musicians.
This information is meant to be a general summary of Young Concert Artists Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $371,436
- Program Service Revenue: $793,574
- Gross Receipts: $5,255,698
Assets and Liabilities:
- Total Assets: $9,565,011
- Total Liabilities: $255,489
- Net Assets: $9,309,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOKING COMMISSIONS AND ARTISTS F
Revenue
$764,070
CONCERT TICKET SALES
Revenue
$18,249
AUDITION FEES
Revenue
$11,255
Organization Details
Founding Year
1961
Phone
(212) 307-6655Principal Officer
Daniel Kellogg
Main Address
1776 BROADWAY 1500, NEW YORK, NY, 10019
Website
www.yca.orgNTEE Category
Code: A680 - Arts
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