Chelsea Symphony Inc
Nonprofit profile at a glance
- EIN
- 205689445
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 8887412915
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $112,916
- Expenses
- $102,736
- Assets
- $141,896
- Liabilities
- $7,500
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Stephen Graham (President)
- Matthew Aubin (Artistic Director and Executive Director)
- Alicia Furey (Vice President and Personnel Manager)
People named in this filing
- Stephen Graham (President)
- Matthew Aubin (Artistic Director and Executive Director)
- Mark Seto (Artistic Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Chelsea Symphony is a non-profit and self-governing orchestra, providing performance opportunities for its musicians while operating at an affordable scale. Soloists, conductors, and featured composers all come from within the orchestra's ranks. Centered on Manhattan's Chelsea community, TCS aims to radically democratize the concert experience and create opportunities for shared discovery through socially engaged programming, unique professional support for musicians, and a welcoming, accessible, and inclusive environment for all audiences.
What it reported doing in 2024
In 2024-25 The Chelsea Symphony delivered musical presentations for the benefit of audiences in New York's Chelsea neighborhood and beyond, performing diverse music: new, contemporary and traditional. TCS produced around 12 concerts, each involving dozens of musicians and in total showcasing around 40 emerging soloists, composers and conductors. The orchestra continued its outreach to our community including performances at Chelsea Market and elsewhere.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Sustainability: 58
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.7%; rating input score 84
- Program expense ratio: 91.3%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 9%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 1.38; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -2.6% per year; rating input score 0; 23rd percentile among comparable filings
- Revenue growth: -2% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 83.7% of revenue deployed · 91.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $94K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.