Youth Orchestra Chinese Youth Corps of New York Inc
Nonprofit profile at a glance
- EIN
- 113377137
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 9179128288
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $182,245
- Expenses
- $205,873
- Assets
- $89,024
- Liabilities
- $28,587
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- HSIU JUNG CHEN (CEO & Art Dir.)
Highest reported compensation
- HSIU JUNG CHEN (CEO & Art Dir.): $10,200 total reported compensation
- HSINYI HUANG (Board Director): $9,800 total reported compensation
- CHUNG-YUAN LIN (Board Director): $3,200 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 ORCHESTRAL MUSIC EDUCATION AND PERFORMING EXPERIENCES TO YOUNG INSTRUMENTALISTS, AGES 11-18, RESIDING IN NEW YORK CITY WITH SPECIAL EMPHASIS ON WESTERN AND EASTERN REPERTORIES, INCLUDING CLASSICAL, JAZZ, POPULAR FILM AND ASIAN MUSIC.To promote orchestral music by conducting organized concerts and concert tours, such as performANCES GIVEN AT school, church, festival, music hall, AND VARIOUS community CENTERS, etc.
What it reported doing in 2024
Music education, training, classroom teaching and assistance to promising and gifted young men and women (ages 11 to 18), to play instruments and improve technical instrumental skills taught by visiting professional instructors.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 34
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.3%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 42.9%; rating input score 43; 16th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -13%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 12.2%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.3% of spending went to programs
- Governance: 3 of 7 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $188K in reported program spending
- Leadership: top reported pay $10K · 7 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Moderate — Accountability: Independent voting board scored 43/100.
- High — Accountability: Governance controls: 7 of 9 not reported.
- High — Sustainability: Operating margin scored 19/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 27/100.