Civic Intelligence

Orchestrating Dreams Inc.

990 • Fiscal year 2023 • EIN 46-3758797

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 09, 2024

178 Bennett AvenueNew York, NY 10040

(347) 688-2747

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Net Margin

49th percentile

2.4%

Higher net margin than 49% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Asset Growth

63rd percentile

8.4%

Faster asset growth than 63% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

3.1%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$131,150

Up $10,181 (+8.4%) from 2022

Net Assets

Up

$128,962

Up $8,137 (+6.7%) from 2022

Liabilities

Up

$2,188

Up $2,044 (+1419%) from 2022

Revenue

Up

$342,137

Up $10,237 (+3.1%) from 2022

Expenses

Up

$334,000

Up $47,786 (+17%) from 2022

Net Income

Down

$8,137

Down $37,549 (-82%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2015: $700Liabilities 2015: $0Net Assets 2015: $7002015Assets 2016: $2,628Liabilities 2016: $0Net Assets 2016: $2,6282016Assets 2017: $12,710Liabilities 2017: $0Net Assets 2017: $12,7102017Assets 2018: $23,369Liabilities 2018: $4,182Net Assets 2018: $19,1872018Assets 2019: $78,047Liabilities 2019: $0Net Assets 2019: $78,0472019Assets 2020: $92,620Liabilities 2020: $0Net Assets 2020: $92,6202020Assets 2021: $75,139Liabilities 2021: $0Net Assets 2021: $75,1392021Assets 2022: $120,969Liabilities 2022: $144Net Assets 2022: $120,8252022Assets 2023: $131,150Liabilities 2023: $2,188Net Assets 2023: $128,9622023Assets 2024: $164,573Liabilities 2024: $2,342Net Assets 2024: $162,2312024Assets 2025: $218,070Liabilities 2025: $5,291Net Assets 2025: $212,7792025

Highlighted filing

2023

Assets$131,150
Liabilities$2,188
Net Assets$128,962

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $158,281Expenses 2015: $157,581Net Income 2015: $7002015Revenue 2016: $85,313Expenses 2016: $83,385Net Income 2016: $1,9282016Revenue 2017: $92,796Expenses 2017: $82,714Net Income 2017: $10,0822017Revenue 2018: $107,241Expenses 2018: $100,764Net Income 2018: $6,4772018Revenue 2019: $183,270Expenses 2019: $124,410Net Income 2019: $58,8602019Revenue 2020: $190,256Expenses 2020: $175,683Net Income 2020: $14,5732020Revenue 2021: $153,237Expenses 2021: $170,718Net Income 2021: -$17,4812021Revenue 2022: $331,900Expenses 2022: $286,214Net Income 2022: $45,6862022Revenue 2023: $342,137Expenses 2023: $334,000Net Income 2023: $8,1372023Revenue 2024: $344,729Expenses 2024: $310,485Net Income 2024: $34,2442024Revenue 2025: $310,938Expenses 2025: $262,283Net Income 2025: $48,6552025

Highlighted filing

2023

Revenue$342,137
Expenses$334,000
Net Income$8,137
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 9, 2024
Return Version
2022v5.0
Gross Receipts
$342,137
Mission and Program Overview

Mission

Innovative social program that provides music instruction as a vehicle for personal and social development for underserved children.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$120,825$128,962▲ $8,137
Cash and Non-Interest-Bearing Accounts$69,500$94,682▲ $25,182
Accounts Receivable$50,840$35,839▼ $15,001
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$120,969$131,150▲ $10,181
Other Assets Total$629$629→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$2,188▲ $2,188
Other Liabilities$144$0▼ $144
Total Liabilities$144$2,188▲ $2,044
Net Assets / Fund Balance
Total Net Assets Fund Balance$120,825$128,962▲ $8,137
Total Liabilities and Net Assets / Fund Balance$120,969$131,150▲ $10,181
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$269,733
Program Service Revenue
$72,404
Investment Income
$0
Other Revenue
$0
All Other Contributions
$121,633
Change in Net Assets
$8,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,444
Salaries, Compensation, and Employee Benefits$147,284
Grants and Similar Amounts Paid$4,272
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,975$27,332-$135,307
Fees for Services Other$84,954$24,015-$108,969
Fees for Services Accounting-$16,120-$16,120
Occupancy$13,814--$13,814
Payroll Taxes$9,606$2,371-$11,977
Grants to Domestic Individuals$4,272--$4,272
Office Expenses-$4,213-$4,213
Insurance-$3,783-$3,783
Advertising-$3,415-$3,415
Other Expenses$1,161--$1,161
All Other Expenses-$821-$821
Travel-$550-$550
Total Functional Expenses$251,380$82,620$0$334,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 board member on behalf of the organization reviewed the form 990 before it was filed.

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

The organization regularly monitors and enforces compliance with their conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The board reviews and approves the compensation of all employees.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Orchestrating Dreams Inc
EIN
46-3758797
Phone
3476882747
Address
178 BENNETT AVENUE, NEW YORK, NY 10040

Signing Officer

Name
Michael Gallagher
Title
President
Phone
3476882747
Signed
2024-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Gallagher
Formed
2013
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
0

Preparer

Firm
Lmc Advisors LLC
Address
1359 BROADWAY SUITE 1710, NEW YORK, NY 10018
Preparer
Ephraim Slomovic CPA
Phone
2129672300
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Innovative social program that provides music instruction as a vehicle for personal and social devolpment for underserved children.

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

The organization's primary purpose is to offer an innovative social program that provides music instruction as a vehicle for personal and social devolpment for underserved children.

FORM 990, PART III, LINE 4A, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS:

Orchestrating dreams bridges the gap of equity in music education. We develop skills for the 21st century citizen artist while giving young new yorkers tools to support their own resilience, curiosity and agency in the world. Orchestrating dreams' mission is to make music education accessible to all. Our music programs develop life skills and music abilities in 200 young new yorkers without access to quality music education due to disabilities, language barriers, or financial circumstances. Founded in 2012, orchestrating dreams has served over 3,000 under-resourced children and young adults in new york city. We provide private lessons, music theory and ear training classes, early childhood music education, orchestral studies, and mentorship programs for teens and young adults. Our students have performed with ensembles such as the simon bolivar orchestra of venezuela conducted by gustavo dudamel, orchestra of st. Luke's, and the mostly mozart festival. They have showcased their talents at carnegie hall, merkin hall, dimenna center for classical music, music hall of williamsburg, alianza dominicana cultural center, and clemente soto vlez theatre. 100% of od's graduates have been accepted to college and are on track for graduation from institutions including mannes school of music at the new school, columbia university, suny fredonia, suny potsdam's crane school of music, and northwestern university.

Form 990, Part IX, Line 11G

Independent contractors: program service expenses 84,954. Management and general expenses 7,515. Fundraising expenses 0. Total expenses 92,469. Grant writer: program service expenses 0. Management and general expenses 16,500. Fundraising expenses 0. Total expenses 16,500.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INNOVATIVE SOCIAL PROGRAM THAT PROVIDES MUSIC INSTRUCTION AS A VEHICLE FOR PERSONAL AND SOCIAL DEVOLPMENT FOR UNDERSERVED CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S PRIMARY PURPOSE IS TO OFFER AN INNOVATIVE SOCIAL PROGRAM THAT PROVIDES MUSIC INSTRUCTION AS A VEHICLE FOR PERSONAL AND SOCIAL DEVOLPMENT FOR UNDERSERVED CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORCHESTRATING DREAMS BRIDGES THE GAP OF EQUITY IN MUSIC EDUCATION. WE DEVELOP SKILLS FOR THE 21ST CENTURY CITIZEN ARTIST WHILE GIVING YOUNG NEW YORKERS TOOLS TO SUPPORT THEIR OWN RESILIENCE, CURIOSITY AND AGENCY IN THE WORLD. ORCHESTRATING DREAMS' MISSION IS TO MAKE MUSIC EDUCATION ACCESSIBLE TO ALL. OUR MUSIC PROGRAMS DEVELOP LIFE SKILLS AND MUSIC ABILITIES IN 200 YOUNG NEW YORKERS WITHOUT ACCESS TO QUALITY MUSIC EDUCATION DUE TO DISABILITIES, LANGUAGE BARRIERS, OR FINANCIAL CIRCUMSTANCES. FOUNDED IN 2012, ORCHESTRATING DREAMS HAS SERVED OVER 3,000 UNDER-RESOURCED CHILDREN AND YOUNG ADULTS IN NEW YORK CITY. WE PROVIDE PRIVATE LESSONS, MUSIC THEORY AND EAR TRAINING CLASSES, EARLY CHILDHOOD MUSIC EDUCATION, ORCHESTRAL STUDIES, AND MENTORSHIP PROGRAMS FOR TEENS AND YOUNG ADULTS. OUR STUDENTS HAVE PERFORMED WITH ENSEMBLES SUCH AS THE SIMON BOLIVAR ORCHESTRA OF VENEZUELA CONDUCTED BY GUSTAVO DUDAMEL, ORCHESTRA OF ST. LUKE'S, AND THE MOSTLY MOZART FESTIVAL. THEY HAVE SHOWCASED THEIR TALENTS AT CARNEGIE HALL, MERKIN HALL, DIMENNA CENTER FOR CLASSICAL MUSIC, MUSIC HALL OF WILLIAMSBURG, ALIANZA DOMINICANA CULTURAL CENTER, AND CLEMENTE SOTO VLEZ THEATRE. 100% OF OD'S GRADUATES HAVE BEEN ACCEPTED TO COLLEGE AND ARE ON TRACK FOR GRADUATION FROM INSTITUTIONS INCLUDING MANNES SCHOOL OF MUSIC AT THE NEW SCHOOL, COLUMBIA UNIVERSITY, SUNY FREDONIA, SUNY POTSDAM'S CRANE SCHOOL OF MUSIC, AND NORTHWESTERN UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A BOARD MEMBER ON BEHALF OF THE ORGANIZATION REVIEWED THE FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 84,954. MANAGEMENT AND GENERAL EXPENSES 7,515. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 92,469. GRANT WRITER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III, LINE 4A, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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