The Young People's Chorus of New York City Inc

Nonprofit profile at a glance

EIN
113372980
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2122897779
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Singing, Choral

Official website

Reported finances

Revenue
$6,970,645
Expenses
$7,047,780
Assets
$7,973,549
Liabilities
$2,899,381

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • FRANCISCO J NUNEZ (PRESIDENT)

Highest reported compensation

  • FRANCISCO J NUNEZ (PRESIDENT): $291,042 total reported compensation
  • ELIZABETH NUNEZ (CREATIVE DIRECTOR): $144,167 total reported compensation
  • NANCY BLOOM (EX-OFFICIO/EXECUTIVE PRODUCER): $119,167 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 75% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 89
  • Accountability: 95
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.7%; rating input score 81
  • Program expense ratio: 79.5%; rating input score 79
  • Fundraising efficiency: $6.67 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.1%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 1.13; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 8.3%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 80.7% of revenue deployed · 79.5% of spending went to programs
  • Governance: 28 of 28 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.6M in reported program spending
  • Leadership: top reported pay $291K · 29 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $330K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Fundraising efficiency scored 25/100.
  • High — Sustainability: Operating margin scored 29/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.