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Astral Artists Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232654833 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Astral Artists Inc?

Astral Artists Inc, based in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to supporting the professional growth of exceptional classical musicians. With a team of six individuals, they offer career guidance and development services, including contracting their roster artists for performances, networking opportunities, entrepreneurial training, and collaborative concerts with other presenting organizations. Their mission is to empower emerging musicians to build meaningful and enduring careers that captivate, engage, and connect with diverse audiences. Their work extends beyond just providing services, as they aim to foster a community of musicians who inspire and excite audiences, thereby enriching the classical music scene.


Official website here: www.astralartists.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86%, Three-Star out of Four Star rating.

Astral Artists Inc has achieved a commendable Three-Star rating from Charity Navigator, primarily due to its strong performance in the Accountability & Finance category. With an overall score of 86%, the organization demonstrates a commitment to transparency and responsible financial management, as reflected in its high marks across various metrics, including 100% independent board members and a strong audit oversight committee.

The nonprofit excels in maintaining a fully independent board and has established comprehensive policies, including conflict of interest and whistleblower protections. Additionally, it has effectively managed its liabilities to assets ratio, showcasing prudent financial practices. The program expense ratio of 62.21% indicates a significant portion of its budget is directed towards its programs, although there is room for improvement in this area.

However, while the organization has solid financial oversight and governance practices, potential donors may note the program expense ratio is below ideal benchmarks, suggesting that a larger share of resources could be utilized for direct program services. Overall, Astral Artists Inc presents a reliable option for supporters looking to contribute to a well-managed nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Astral Artists Inc legitimate?

Astral Artists Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Astral 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: $142,119
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,605

For more financial information, click here


Official website here: www.astralartists.org

What is the mission statement of Astral Artists Inc?

Astral Artists Inc's mission is centered around empowering talented emerging musicians. Their goal is to help these musicians build purposeful and sustainable careers that resonate with diverse audiences, inspiring and connecting them through their performances. The organization provides early career services, mentoring, contract opportunities for their roster artists, networking events, entrepreneurial development, and organizes recitals and collaborative concerts in New York, as well as with other presenting organizations.


Official website here: www.astralartists.org

Who is the CEO of Astral Artists Inc?

Vera Wilson is the Founder of Astral Artists Inc. The CEO's salary of Astral Artists Inc is $128,625 and their total compensation is $128,625.


Official website here: www.astralartists.org

What is the revenue of Astral Artists Inc?

Astral Artists Inc's revenue in 2022 was $815,774.


Official website here: www.astralartists.org

Who are the executives of Astral Artists Inc and what are their salaries?

The average compensation at Astral Artists Inc during 2022 was $62,621. There are 6 employees and 22 volunteers at Astral Artists Inc.


Here are 22 key members and their salaries (Astral Artists Inc's CEO's salary is $128,625 and their total compensation is $128,625):


Lourdes Starr-Demers (President & Ceo)
  • Compensation: $128,625
  • Related: $0
  • Other: $0
James B Straw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine M Cahill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John B Wright Ii Esq (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul H L Chou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight R Mcghee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Snitzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Rinaldi (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Schaefer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Lombardo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Zhu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wolfsohn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Vilardo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa S Aronson Mba Pcc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Chait (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Christine Huber Dvm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Huffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Rb Merritt Md Facr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jana M Mossey Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura S Picciano Do (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark N Steinberger Esq (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vera Wilson (Founder)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.astralartists.org

Where can I find the form 990 for Astral Artists Inc?

Astral Artists Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.astralartists.org

Learn more at the official website: www.astralartists.org

Mission Statement of Astral Artists Inc

Astral Artists Inc, a nonprofit organization, is devoted to empowering promising emerging musicians. Their mission is to help these musicians build purposeful and sustainable careers that captivate, connect with, and excite diverse audiences. To achieve this, Astral provides early professional services and mentoring for highly skilled classical musicians. They also contract artists from their roster to perform on various concert series, offering networking opportunities and aiding in entrepreneurial development. Additionally, Astral hosts New York recitals and collaborative concerts with other presenting organizations, thereby providing a platform for these emerging musicians to showcase their talents and connect with a wider audience.

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Impact




October, 2024

Astral Artists Inc significantly impacts the classical music landscape by empowering emerging musicians to build purposeful and sustainable careers. Through a comprehensive range of services, including career guidance and development, mentoring, and networking opportunities, Astral supports highly skilled artists in navigating the early stages of their professional lives.

By contracting its roster artists for performances across various concert series, Astral not only provides valuable performance opportunities but also fosters collaboration with other presenting organizations. This approach helps cultivate a vibrant artistic community and enhances visibility for these talented musicians. Additionally, initiatives such as New York recitals and entrepreneurial development further prepare artists to connect with and excite diverse audiences.

Overall, Astral Artists Inc plays a crucial role in shaping the future of classical music by cultivating the next generation of artists and ensuring they thrive in a competitive environment.




This information is meant to be a general summary of Astral 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.

Revenue
$815,774 (2022)
Expenses
$913,780 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $60,979
  • Program Service Revenue: $114,161
  • Gross Receipts: $1,009,506

Assets and Liabilities:

  • Total Assets: $947,934
  • Total Liabilities: $10,619
  • Net Assets: $937,315

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program advertising

Revenue

$7,900

Program revenue

Revenue

$106,261

Organization Details

Founding Year

1991

Principal Officer

Vera Wilson

Main Address

1500 WALNUT STREET 413, Philadelphia, PA, 19102

NTEE Category

Code: J20Z - Employment

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