Civic Intelligence

Classics for Kids Inc.

990 • Fiscal year 2024 • EIN 33-0706949

Sep 01, 2023 to Aug 31, 2024 • Filed on Mar 03, 2025

3033 Fifth Ave 227San Diego, CA 92103

(619) 231-2311

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.01x

Higher debt load relative to assets than 47% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

51st percentile

5.1%

Higher net margin than 51% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$79,525

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

55th percentile

6.2%

Faster asset growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-16%

Faster revenue growth than 18% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$421,974

Up $24,732 (+6.2%) from 2023

Net Assets

Up

$417,983

Up $25,311 (+6.4%) from 2023

Liabilities

Down

$3,991

Down $579 (-13%) from 2023

Revenue

Down

$492,754

Down $96,639 (-16%) from 2023

Expenses

Up

$467,443

Up $39,659 (+9.3%) from 2023

Net Income

Down

$25,311

Down $136,298 (-84%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $121,137Liabilities 2012: $0Net Assets 2012: $121,1372012Assets 2013: $143,183Liabilities 2013: $0Net Assets 2013: $143,1832013Assets 2014: $107,700Liabilities 2014: $0Net Assets 2014: $107,7002014Assets 2015: $30,905Liabilities 2015: $8,275Net Assets 2015: $22,6302015Assets 2016: $32,574Liabilities 2016: $1,807Net Assets 2016: $30,7672016Assets 2017: $59,872Liabilities 2017: $1,085Net Assets 2017: $58,7872017Assets 2018: $69,464Liabilities 2018: $1,668Net Assets 2018: $67,7962018Assets 2019: $122,141Liabilities 2019: $4,974Net Assets 2019: $117,1672019Assets 2020: $164,543Liabilities 2020: $39,960Net Assets 2020: $124,5832020Assets 2021: $243,091Liabilities 2021: $39,410Net Assets 2021: $203,6812021Assets 2022: $236,722Liabilities 2022: $5,659Net Assets 2022: $231,0632022Assets 2023: $397,242Liabilities 2023: $4,570Net Assets 2023: $392,6722023Assets 2024: $421,974Liabilities 2024: $3,991Net Assets 2024: $417,9832024Assets 2025: $512,439Liabilities 2025: $0Net Assets 2025: $512,4392025

Highlighted filing

2024

Assets$421,974
Liabilities$3,991
Net Assets$417,983

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2012: $254,0032012Expenses 2013: $270,5562013Revenue 2014: $356,317Expenses 2014: $391,800Net Income 2014: -$35,4832014Revenue 2015: $338,678Expenses 2015: $423,748Net Income 2015: -$85,0702015Revenue 2016: $340,412Expenses 2016: $332,276Net Income 2016: $8,1362016Revenue 2017: $373,193Expenses 2017: $345,173Net Income 2017: $28,0202017Revenue 2018: $358,183Expenses 2018: $349,173Net Income 2018: $9,0102018Revenue 2019: $398,622Expenses 2019: $349,250Net Income 2019: $49,3722019Revenue 2020: $343,943Expenses 2020: $336,527Net Income 2020: $7,4162020Revenue 2021: $249,712Expenses 2021: $233,155Net Income 2021: $16,5572021Revenue 2022: $348,820Expenses 2022: $322,113Net Income 2022: $26,7072022Revenue 2023: $589,393Expenses 2023: $427,784Net Income 2023: $161,6092023Revenue 2024: $492,754Expenses 2024: $467,443Net Income 2024: $25,3112024Revenue 2025: $624,909Expenses 2025: $530,453Net Income 2025: $94,4562025

Highlighted filing

2024

Revenue$492,754
Expenses$467,443
Net Income$25,311
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Mar 3, 2025
Return Version
2023v6.0
Gross Receipts
$511,974
Mission and Program Overview

Mission

Classics 4 kids provides critical music education, through culturally diverse professional orchestra concerts, in-school workshops and programming at local hospitals and community events. Our mission is inspiring children through the experience of music, generating creativity, academic success, and cultural understanding. Classics 4 Kids programs are open to all students, teachers, and families regardless of socio-economic status although we prioritize outreach to low-income and disadvantaged youth.

Transforming childrens lives through innovative educational concerts and music programs that inspire learning, creativity, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$396,822$421,974▲ $25,152
Land, Buildings, and Equipment, Net$420$0▼ $420
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$397,242$421,974▲ $24,732
Other Assets Total-$0-
Liabilities
Other Liabilities$4,570$3,991▼ $579
Total Liabilities$4,570$3,991▼ $579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$365,672$417,983▲ $52,311
Net Assets With Donor Restrictions$27,000--
Total Net Assets Fund Balance$392,672$417,983▲ $25,311
Total Liabilities and Net Assets / Fund Balance$397,242$421,974▲ $24,732

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$14,413$14,413
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kiran ShelatExecutive DirectorFT$79,525$79,525

Board Members and Trustees

NameTitle
Dr Angela WangChair
Elyse NguyenVice Chair
Brian MarshallBoard Member
Gaston GuerreroBoard Member
Jade SmithBoard Member
Laura BashoreBoard Member
Melissa MarinBoard Member
Nancy GatschetBoard Member
Nirmala KripanarayananBoard Member
Susan RothBoard Member
Timothy CajkaBoard Member
Kathleen LincolnSecretary
Jake MoelterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$382,385
Program Service Revenue
$114,108
Investment Income
$931
Other Revenue
$-4,670
All Other Contributions
$221,642
Change in Net Assets
$25,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$238,330
Other Expenses$229,113
Total Fundraising Expense$36,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,502$5,143-$126,645
Current Officers, Directors, Trustees, and Key Employees$56,164$12,961$17,281$86,406
Payroll Taxes$14,059$1,353$1,804$17,216
Office Expenses$10,474$2,417$3,224$16,115
Insurance$6,795$1,847-$8,642
All Other Expenses$3,432$4,889-$8,321
Other Employee Benefits$5,241$1,209$1,613$8,063
Other Expenses$21,413$2,065$7,916$7,916
Fees for Services Other--$5,000$5,000
Travel$3,708--$3,708
Fees for Services Accounting-$3,500-$3,500
Advertising$2,147--$2,147
Depreciation Depletion$420--$420
Total Functional Expenses$395,221$35,384$36,838$467,443
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$19,220
Fundraising Gross Income$14,550
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$97,923$14,550$3,959$10,591
Total Events$97,923$14,550$19,220$-4,670
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,991
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

A copy of the 990 is emailed to the bookkeeper, executive director, and treasurer for discussion prior to filing.

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

The board members sign a conflict of interest policy annually. Any potential conflicts are discussed monthly at the board meetings.

Form 990, Part VI, Section B, Line 15B

Members of the board of directors formed a search committee and documented the process by which they conducted the search. Researched into reasonable salary based on local small arts non-profits and consul ted with san diego employers association.

Form 990, Part VI, Section C, Line 19

All governing documents, policies and financial statements are available at the administrative offices upon request.

Filing and Contact Details

Filer

Filer Name
Classics for Kids Inc
EIN
33-0706949
Phone
6192312311
Address
3033 FIFTH AVE 227, SAN DIEGO, CA 92103

Signing Officer

Name
Elyse Nguyen
Title
Chair
Signed
2025-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kiran Shelat
Formed
1994
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
15
Volunteers
30

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108
Preparer
Whitney Lacoste
Phone
6192947200
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01847
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IRS990/InsuranceGrp/TotalAmt08642
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0INSPIRING CHILDREN THROUGH THE EXPERIENCE OF MUSIC, GENERATING CREATIVITY, ACADEMIC SUCCESS AND CULTURAL UNDERSTANDING.CLASSICS FOR KIDS PROGRAMS ARE OPEN TO ALL STUDENTS, TEACHERS, AND FAMILIES REGARDLESS OF SOCIO-ECONOMIC STATUS ALTHOUGH WE PRIORITIZE OUTREACH TO LOW-INCOME AND DISADVANTAGED YOUTH.
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-4670
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-4670
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0365672
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IRS990/OfficeExpensesGrp/FundraisingAmt03224
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IRS990/OfficeExpensesGrp/TotalAmt016115
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01613
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01209
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05241
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08063
IRS990/OtherExpensesGrp/Desc0PERFORMERS
IRS990/OtherExpensesGrp/Desc1THEATER COSTS
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION SCHOLARSHIPS
IRS990/OtherExpensesGrp/Desc3FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt07916
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02065
IRS990/OtherExpensesGrp/ProgramServicesAmt089812
IRS990/OtherExpensesGrp/ProgramServicesAmt160054
IRS990/OtherExpensesGrp/ProgramServicesAmt221413
IRS990/OtherExpensesGrp/TotalAmt089812
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IRS990/OtherExpensesGrp/TotalAmt221413
IRS990/OtherExpensesGrp/TotalAmt37916
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IRS990/OtherLiabilitiesGrp/EOYAmt03991
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05143
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01804
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01353
IRS990/PayrollTaxesGrp/ProgramServicesAmt014059
IRS990/PayrollTaxesGrp/TotalAmt017216
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KIRAN SHELAT
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IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL WORKSHOPS
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT CONCERTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156162
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0529865
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IRS990/PYInvestmentIncomeAmt0790
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IRS990/PYOtherRevenueAmt0-10436
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IRS990/PYRevenuesLessExpensesAmt0161609
IRS990/PYSalariesCompEmpBnftPaidAmt0211441
IRS990/PYTotalExpensesAmt0427784
IRS990/PYTotalRevenueAmt0589393
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt025311
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0114108
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0529865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0333686
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0259408
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01754388
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0790
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0169
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0176
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02163
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0286335
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93480
IRS990ScheduleA/PublicSupportPY170Pct00.93210
IRS990ScheduleA/PublicSupportTotal170Amt01642034
IRS990ScheduleA/SubstantialContributorsTotAmt0112354
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0382385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0529865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0333686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0249044
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0259408
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01754388
IRS990ScheduleA/TotalSupportAmt01756551
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014413

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.12$0.00$5.12$6.25$5.30$0.94
2024Detailed filing. Detailed filing data is available for this year.$4.22$0.04$4.18$4.93$4.67$0.25
2023Detailed filing. Detailed filing data is available for this year.$3.97$0.05$3.93$5.89$4.28$1.62
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.06$2.31$3.49$3.22$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.39$2.04$2.50$2.33$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.40$1.25$3.44$3.37$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.05$1.17$3.99$3.49$0.49
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.68$3.58$3.49$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.59$3.73$3.45$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.31$3.40$3.32$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.08$0.23$3.39$4.24$0.85
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$3.56$3.92$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$2.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$2.54