Civic Intelligence

Orchestrating Dreams Inc.

990 • Fiscal year 2024 • EIN 46-3758797

Sep 01, 2023 to Aug 31, 2024 • Filed on Dec 20, 2024

178 Bennett AvenueNew York, NY 10040

(347) 739-6342

Siviq Scores

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

Liabilities / Assets

69th percentile

0.01x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • NTEE A68 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2024 filings • NTEE A68 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

9.9%

Higher net margin than 56% of similar nonprofits.

2024 filings • NTEE A68 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$51,500

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2024 filings • NTEE A68 • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

25%

Faster asset growth than 73% of similar nonprofits.

2024 filings • NTEE A68 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

0.8%

Faster revenue growth than 37% of similar nonprofits.

2024 filings • NTEE A68 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$164,573

Up $33,423 (+25%) from 2023

Net Assets

Up

$162,231

Up $33,269 (+26%) from 2023

Liabilities

Up

$2,342

Up $154 (+7.0%) from 2023

Revenue

Up

$344,729

Up $2,592 (+0.8%) from 2023

Expenses

Down

$310,485

Down $23,515 (-7.0%) from 2023

Net Income

Up

$34,244

Up $26,107 (+321%) from 2023

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

2024

Assets$164,573
Liabilities$2,342
Net Assets$162,231

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

2024

Revenue$344,729
Expenses$310,485
Net Income$34,244
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Dec 20, 2024
Return Version
2023v6.0
Gross Receipts
$344,729
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,079$122,663▲ $26,584
Pledges and Grants Receivable-$37,795-
Accounts Receivable$14,489$4,115▼ $10,374
Total Assets$110,568$164,573▲ $54,005
Liabilities
Accounts Payable and Accrued Expenses$1,559$2,342▲ $783
Total Liabilities$1,559$2,342▲ $783
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$109,009$162,231▲ $53,222
Total Net Assets Fund Balance$109,009$162,231▲ $53,222
Total Liabilities and Net Assets / Fund Balance$110,568$164,573▲ $54,005
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea ProfiliExecutive DirectorFT$51,500$51,500

Board Members and Trustees

NameTitle
Michael GallagherPresident
Lizelena IglesiasDirector
Matthew GriecoDirector
Ricardo GonzalesDirector
Stephen AdamsDirector
Susan DavisDirector
Ivonne NormanSecretary
Walter BishopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,064
Program Service Revenue
$59,719
Investment Income
$0
Other Revenue
$1,946
All Other Contributions
$164,589
Change in Net Assets
$34,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,273
Salaries, Compensation, and Employee Benefits$153,212
Total Fundraising Expense$16,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,832$23,111-$89,943
Fees for Services Other$72,343$497$16,550$89,390
Current Officers, Directors, Trustees, and Key Employees$26,500$25,000-$51,500
Fees for Services Accounting-$16,388-$16,388
Occupancy-$13,080-$13,080
Payroll Taxes$7,766$4,003-$11,769
Insurance$533$4,201-$4,734
Advertising$1,697--$1,697
Office Expenses-$1,326-$1,326
Travel$297--$297
Other Expenses$22,754$53$69$69
Total Functional Expenses$206,207$87,659$16,619$310,485
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
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 governing body review Part VI line 11

A board member on behalf of the organization reviewed the form 990 before it was filed.

Conflict of interest policy compliance Part VI line 12C

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

CEO executive director top management comp Part VI line 15A

The board meets regularly and approves the annual compensation for the executive director.

Governing documents etc available to public Part VI 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
Address
178 BENNETT AVENUE, NEW YORK, NY 10040

Signing Officer

Name
Walter Bishop
Title
Treasurer
Phone
3476882747
Signed
2024-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Gallagher
Formed
2013
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
4

Preparer

Firm
Reimer & Freeman Cpas Pc
Address
145 MERRITTS RD SUITE 1, FARMINGDALE, NY 11735
Preparer
Mara L Reimer
Phone
5166946808
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Changes to prior year books related to clearing out of old credit cards no longer in use. ($965) and uncleard checks/deposits from prior years ($59)rounding $2total prior period adjustment: $(-1022)additional prior period adjustment $20,000 related to nea grant reported on py 990 but not reflected in books until current year.

List of other fees for services expenses Part IX line 11G

Functional expenses line 11g other fees $89,390program related $72,343 (contracted artists and teachers $71,379; payroll fees $964)mgmt related $497 (payroll fees- mgmt portion)fundraising related $16,550 - grant writer

Part III response or note to any other line in Part III

Orchestrating dreams bridges the gap of equity in music education. The organizations programs are designed to 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 financials 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. Lukes, and the mostly mozart festival. They have showcased their talents at carnegie hall, merkin hall, dimenna center for classical music, music hall of williamsburg, aliaza dominicana cultural center, and clemente soto vlez theatre. 100% of ods graduates have been accepted to college and are on track for graduation from insitutions including mannis school of music at the new school, columbia univeristy, suny fredonia, suny potsdams crane school of music, and northwestern u.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A BOARD MEMBER ON BEHALF OF THE ORGANIZATION REVIEWED THE FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEETS REGULARLY AND APPROVES THE ANNUAL COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGES TO PRIOR YEAR BOOKS RELATED TO CLEARING OUT OF OLD CREDIT CARDS NO LONGER IN USE. ($965) AND UNCLEARD CHECKS/DEPOSITS FROM PRIOR YEARS ($59)ROUNDING $2TOTAL PRIOR PERIOD ADJUSTMENT: $(-1022)ADDITIONAL PRIOR PERIOD ADJUSTMENT $20,000 RELATED TO NEA GRANT REPORTED ON PY 990 BUT NOT REFLECTED IN BOOKS UNTIL CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FUNCTIONAL EXPENSES LINE 11G OTHER FEES $89,390PROGRAM RELATED $72,343 (CONTRACTED ARTISTS AND TEACHERS $71,379; PAYROLL FEES $964)MGMT RELATED $497 (PAYROLL FEES- MGMT PORTION)FUNDRAISING RELATED $16,550 - GRANT WRITER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORCHESTRATING DREAMS BRIDGES THE GAP OF EQUITY IN MUSIC EDUCATION. THE ORGANIZATIONS PROGRAMS ARE DESIGNED TO 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 FINANCIALS 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. LUKES, AND THE MOSTLY MOZART FESTIVAL. THEY HAVE SHOWCASED THEIR TALENTS AT CARNEGIE HALL, MERKIN HALL, DIMENNA CENTER FOR CLASSICAL MUSIC, MUSIC HALL OF WILLIAMSBURG, ALIAZA DOMINICANA CULTURAL CENTER, AND CLEMENTE SOTO VLEZ THEATRE. 100% OF ODS GRADUATES HAVE BEEN ACCEPTED TO COLLEGE AND ARE ON TRACK FOR GRADUATION FROM INSITUTIONS INCLUDING MANNIS SCHOOL OF MUSIC AT THE NEW SCHOOL, COLUMBIA UNIVERISTY, SUNY FREDONIA, SUNY POTSDAMS CRANE SCHOOL OF MUSIC, AND NORTHWESTERN U.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part III response or note to any other line in Part III
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