Civic Intelligence

Interschool Orchestras of New York Inc

EIN 23-7401867 • 501(c)3 • New York, NY

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Profile

Interschool orchestras of new york creates opportunities for school-aged children in new york city to make music together through a family of ensembles. Iso provides a nurturing environment where all children can realize their personal best, achieve high artistic standards and share their music with the community. Generous financial aid and scholarships insure that every child can participate.

121 West 27th Street No 902New York, NY 10001

www.isorch.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

14th percentile

-61%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $105,241 (-100%) from 2020

Liabilities

Down

$0

Down $136,801 (-100%) from 2020

Net Assets

Up

$0

Up $31,560 (+100%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin86th percentile

Revenue

Down

$332,090

Down $527,281 (-61%) from 2020

Expenses

Down

$202,519

Down $840,922 (-81%) from 2020

Net Income

Up

$129,571

Up $313,641 (+170%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2013: $538,364Liabilities 2013: $35,476Net Assets 2013: $502,8882013Assets 2014: $685,433Liabilities 2014: $184,586Net Assets 2014: $500,8472014Assets 2015: $531,966Liabilities 2015: $29,348Net Assets 2015: $502,6182015Assets 2016: $538,677Liabilities 2016: $34,893Net Assets 2016: $503,7842016Assets 2017: $460,009Liabilities 2017: $47,913Net Assets 2017: $412,0962017Assets 2018: $338,554Liabilities 2018: $163,748Net Assets 2018: $174,8062018Assets 2019: $434,845Liabilities 2019: $294,875Net Assets 2019: $139,9702019Assets 2020: $105,241Liabilities 2020: $136,801Net Assets 2020: -$31,5602020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2013: $660,2392013Revenue 2014: $678,555Expenses 2014: $692,144Net Income 2014: -$13,5892014Revenue 2015: $902,963Expenses 2015: $905,689Net Income 2015: -$2,7262015Revenue 2016: $988,337Expenses 2016: $969,471Net Income 2016: $18,8662016Revenue 2017: $1,052,545Expenses 2017: $1,162,811Net Income 2017: -$110,2662017Revenue 2018: $920,567Expenses 2018: $1,149,714Net Income 2018: -$229,1472018Revenue 2019: $897,774Expenses 2019: $931,738Net Income 2019: -$33,9642019Revenue 2020: $859,371Expenses 2020: $1,043,441Net Income 2020: -$184,0702020Revenue 2021: $332,090Expenses 2021: $202,519Net Income 2021: $129,5712021

Highlighted filing

2021

Revenue$332,090
Expenses$202,519
Net Income$129,571
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$332,090
Expenses
$202,519
Net income
$129,571
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.33$0.20$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.14$0.03$0.86$1.04$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.29$0.14$0.90$0.93$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.34$0.16$0.17$0.92$1.15$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.05$0.41$1.05$1.16$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.50$0.99$0.97$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$0.90$0.91$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.18$0.50$0.68$0.69$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.04$0.50$0.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$340,550
Mission and Program Overview

Mission

Interschool orchestras of new york creates opportunities for school-aged children in new york city to make music together through a family of ensembles. Iso provides a nurturing environment where all children can realize their personal best, achieve high artistic standards and share their music with the community. Generous financial aid and scholarships insure that every child can participate.

The organization provides a comprehensive youth orchestra program for nyc school children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$80,000$0▼ $80,000
Cash and Non-Interest-Bearing Accounts$12,935$0▼ $12,935
Savings and Temporary Cash Investments$560$0▼ $560
Investments in Publicly Traded Securities$197$0▼ $197
Prepaid Expenses and Deferred Charges$109$0▼ $109
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$105,241$0▼ $105,241
Other Assets Total$11,440$0▼ $11,440
Liabilities
Other Liabilities$74,380$0▼ $74,380
Accounts Payable and Accrued Expenses$62,421--
Total Liabilities$136,801$0▼ $136,801
Net Assets / Fund Balance
Net Assets With Donor Restrictions$68,500$0▼ $68,500
Net Assets Without Donor Restrictions$-100,060$0▲ $100,060
Total Net Assets Fund Balance$-31,560$0▲ $31,560
Total Liabilities and Net Assets / Fund Balance$105,241$0▼ $105,241
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Barbara B TracyPresident
Viola KanevskyVice-president
Adrian RossTrustee
Anna SniderTrustee
Beatrice MitchellTrustee
Etty BoussoTrustee
Eva GerardTrustee
J Craig OxmanTrustee
Jane RossTrustee
Jessup SheanTrustee
Maria Herrera-chomnalezTrustee
Nancy LeeTrustee
Naomi Itami ZimmermanTrustee
Rita Fredricks SalzmanTrustee
Terrence CoppingerTrustee
William M PinzlerTrustee
William UllmerTrustee
William W SukTrustee
Martin S FridsonInterim Treasurer
Jacob BoussoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$308,819
Program Service Revenue
$19,718
Investment Income
$3,553
Other Revenue
$0
All Other Contributions
$227,989
Change in Net Assets
$129,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$332,090
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-8
Total Revenue per Audited Statements
$332,082
Total Revenue per Form 990
$332,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,273
Salaries, Compensation, and Employee Benefits$59,246
Total Fundraising Expense$20,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,804$8,046$10,103$42,953
Occupancy$29,793$2,992$4,113$36,898
Office Expenses$15,694$1,551$2,119$19,364
Payroll Taxes$13,198$1,303$1,792$16,293
Other Expenses$2,239$221$304$2,764
All Other Expenses$2,005$198$273$2,476
Fees for Services Legal$1,930$191$262$2,383
Insurance$1,512$149$205$1,866
Advertising$1,008$100-$1,108
Total Functional Expenses$155,674$25,910$20,935$202,519

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$202,519
Total Expenses per Audited Statements$202,519
Total Expenses per Form 990$202,519
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Two of the board members are mother-son. The secretary and a board member are married.”

Form 990, Part VI, Section B, Line 11B

“The board of directors has reviewed the form 990 and has authorized its submission to the internal revenue service in its current form. Prior to filing, the form 990 was emailed to the entire board.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to disclose any conflicts of interest. Any conflicts are reviewed and action, if required, is determined.”

Form 990, Part VI, Section C, Line 19

“The financial statements are available upon request. The governing documents and conflict of interest policy are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Interschool Orchestras of New York Inc
EIN
23-7401867
Phone
2124100370
Address
121 WEST 27TH STREET NO 902, NEW YORK, NY 10001

Signing Officer

Name
Barbara B Tracy
Title
President
Phone
2124100370
Signed
2022-05-13

Organization Details

Principal Officer
Barbara B Tracy
Formed
1974
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
19
Employees
0
Volunteers
0

Preparer

Firm
Bernstein Rosen & Company Cpas Pc
Address
630 THIRD AVENUE SUITE 1502, NEW YORK, NY 10017
Preparer
Bernstein Rosen Company Cpas Pc
Phone
2126129700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Asset transfer as part of merger -98,003.”

Financial Statement Notes

PART X, LINE 2:

“The organization follows the provisions of asc 740, accounting for uncertainty in income taxes, which addresses the accounting for, and disclosures of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return.”

Raw XML AppendixShowing 400 of 571 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/MissionDesc0INTERSCHOOL ORCHESTRAS OF NEW YORK CREATES OPPORTUNITIES FOR SCHOOL-AGED CHILDREN IN NEW YORK CITY TO MAKE MUSIC TOGETHER THROUGH A FAMILY OF ENSEMBLES. ISO PROVIDES A NURTURING ENVIRONMENT WHERE ALL CHILDREN CAN REALIZE THEIR PERSONAL BEST, ACHIEVE HIGH ARTISTIC STANDARDS AND SHARE THEIR MUSIC WITH THE COMMUNITY. GENEROUS FINANCIAL AID AND SCHOLARSHIPS INSURE THAT EVERY CHILD CAN PARTICIPATE.
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