Civic Intelligence

Glorystar Music Education and Cultural Foundation Inc.

990 • Fiscal year 2018 • EIN 52-1982929

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 21, 2019

11834 Woodthrush LanePotomac, MD 20854

(240) 277-7629

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$30,957

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

21st percentile

-20%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-8.4%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$197,427

Down $48,604 (-20%) from 2017

Net Assets

Down

$194,569

Down $6,834 (-3.4%) from 2017

Liabilities

Down

$2,858

Down $41,770 (-94%) from 2017

Revenue

Down

$169,767

Down $15,504 (-8.4%) from 2017

Expenses

Up

$164,574

Up $14,873 (+9.9%) from 2017

Net Income

Down

$5,193

Down $30,377 (-85%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $213,943Liabilities 2012: $50,7782012Assets 2013: $239,966Liabilities 2013: $66,057Net Assets 2013: $173,9092013Assets 2014: $257,170Liabilities 2014: $67,697Net Assets 2014: $189,4732014Assets 2015: $243,033Liabilities 2015: $59,148Net Assets 2015: $183,8852015Assets 2016: $241,844Liabilities 2016: $76,011Net Assets 2016: $165,8332016Assets 2017: $246,031Liabilities 2017: $44,628Net Assets 2017: $201,4032017Assets 2018: $197,427Liabilities 2018: $2,858Net Assets 2018: $194,5692018Assets 2019: $185,469Liabilities 2019: $11,454Net Assets 2019: $174,0152019Assets 2020: $261,268Liabilities 2020: $49,644Net Assets 2020: $211,6242020Assets 2021: $287,201Liabilities 2021: $42,381Net Assets 2021: $244,8202021Assets 2022: $351,267Liabilities 2022: $106,899Net Assets 2022: $244,3682022Assets 2023: $366,890Liabilities 2023: $82,980Net Assets 2023: $283,9102023Assets 2024: $422,853Liabilities 2024: $115,367Net Assets 2024: $307,4862024

Highlighted filing

2018

Assets$197,427
Liabilities$2,858
Net Assets$194,569

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $100,781Expenses 2012: $93,042Net Income 2012: $7,7392012Expenses 2013: $173,4762013Revenue 2014: $174,981Expenses 2014: $159,419Net Income 2014: $15,5622014Revenue 2015: $168,137Expenses 2015: $173,347Net Income 2015: -$5,2102015Revenue 2016: $192,928Expenses 2016: $215,509Net Income 2016: -$22,5812016Revenue 2017: $185,271Expenses 2017: $149,701Net Income 2017: $35,5702017Revenue 2018: $169,767Expenses 2018: $164,574Net Income 2018: $5,1932018Revenue 2019: $127,808Expenses 2019: $154,144Net Income 2019: -$26,3362019Revenue 2020: $172,963Expenses 2020: $142,015Net Income 2020: $30,9482020Revenue 2021: $144,842Expenses 2021: $111,646Net Income 2021: $33,1962021Revenue 2022: $143,742Expenses 2022: $141,952Net Income 2022: $1,7902022Revenue 2023: $209,271Expenses 2023: $169,618Net Income 2023: $39,6532023Revenue 2024: $196,975Expenses 2024: $179,701Net Income 2024: $17,2742024

Highlighted filing

2018

Revenue$169,767
Expenses$164,574
Net Income$5,193
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 21, 2019
Return Version
2017v2.2
Gross Receipts
$245,918
Mission and Program Overview

Mission

Glorystar Childrens Chorus (GCC) provides excellent music education to children and youth in the joy of choral art. Through a rich repertoire of Eastern and Western music, GCC promotes music appreciation and builds bridges in our diverse community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$204,582$155,205▼ $49,377
Cash and Non-Interest-Bearing Accounts$35,662$36,096▲ $434
Pledges and Grants Receivable$4,382$5,052▲ $670
Land, Buildings, and Equipment, Net$1,255$924▼ $331
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$246,031$197,427▼ $48,604
Other Assets Total$150$150→ $0
Liabilities
Deferred Revenue$42,344--
Other Liabilities$2,284$2,858▲ $574
Total Liabilities$44,628$2,858▼ $41,770
Net Assets / Fund Balance
Unrestricted Net Assets$201,403$194,569▼ $6,834
Total Net Assets Fund Balance$201,403$194,569▼ $6,834
Total Liabilities and Net Assets / Fund Balance$246,031$197,427▼ $48,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$924$4,351$5,275
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cherie JengArtisticPT$30,957$30,957
Shu-Fan ChenOffice ManagerPT$19,200$19,200

Board Members and Trustees

NameTitle
Leonard RaymoPresident
Charles KuoDirector
Debbie HsuDirector
Wei ZhongDirector
Wen XiaoDirector
Kirsten ChenSecretary
Ana-astrid MolinaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,203
Program Service Revenue
$109,007
Investment Income
$8,501
Other Revenue
$3,056
All Other Contributions
$10,999
Change in Net Assets
$5,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$97,708
Other Expenses$66,866
Total Fundraising Expense$3,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$41,277$5,920$2,960$50,157
Other Salaries and Wages$40,520--$40,520
Occupancy$19,608--$19,608
All Other Expenses$6,626$1,454$15$8,095
Payroll Taxes$6,332$466$233$7,031
Other Expenses$2,414$2,380-$4,794
Payment Travel Entrtnmnt Publicly Ofcl$1,499$1,297-$2,796
Advertising$2,530--$2,530
Fees for Services Accounting-$1,795-$1,795
Fees for Services Other$1,680--$1,680
Office Expenses$897$553$180$1,630
Conferences and Meetings-$1,619-$1,619
Insurance$568$323-$891
Depreciation Depletion-$331-$331
Interest-$2-$2
Total Functional Expenses$145,046$16,140$3,388$164,574
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,333
Fundraising Direct Expenses$5,302
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$2,746
Credit Card Payable$112
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Copies are provided and made available to the officers and board of directors for review prior to filing. Officers and directors are requested to review and respond to the board treasurer with any questions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Artistic Director and Executive Directors compensation are determined by the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial statements and government documents are available upon request to all parties. In addition financial documents are available through Guidetsars website and the State of Maryland Charitable Division.

Filing and Contact Details

Filer

Filer Name
Glorystar Music Education and
EIN
52-1982929
Phone
2402777629
Address
11834 Woodthrush Lane, Potomac, MD 20854

Signing Officer

Name
Leonard Raymo
Title
President
Signed
2019-02-21
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
7
Employees
17
Volunteers
40

Preparer

Firm
YORKE BURKE & LEE CPAs PA
Address
PO Box 84030, Gaithersburg, MD 20883-4030
Preparer
Li-Min Lee CPA
Phone
3012511020
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IRS990/OtherExpensesGrp/Desc2Programs related - non-fundrai
IRS990/OtherExpensesGrp/Desc3Catering & Hospitality
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02380
IRS990/OtherExpensesGrp/ProgramServicesAmt09696
IRS990/OtherExpensesGrp/ProgramServicesAmt16039
IRS990/OtherExpensesGrp/ProgramServicesAmt25360
IRS990/OtherExpensesGrp/ProgramServicesAmt32414
IRS990/OtherExpensesGrp/TotalAmt09696
IRS990/OtherExpensesGrp/TotalAmt16039
IRS990/OtherExpensesGrp/TotalAmt25360
IRS990/OtherExpensesGrp/TotalAmt34794
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040520
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IRS990/PayrollTaxesGrp/FundraisingAmt0233
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0466
IRS990/PayrollTaxesGrp/ProgramServicesAmt06332
IRS990/PayrollTaxesGrp/TotalAmt07031
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04382
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IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0Concert Tickets
IRS990/ProgramServiceRevenueGrp/Desc1Concert Tours
IRS990/ProgramServiceRevenueGrp/Desc2Other Program Service Fee
IRS990/ProgramServiceRevenueGrp/Desc3Performance Fees
IRS990/ProgramServiceRevenueGrp/Desc4Tuition
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112217
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23541
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3458
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt485286
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt485286
IRS990/ProgSrvcAccomActy2Grp/Desc0Presented a total of 12 public performances of Eastern and Western choral music, reaching an audience of more than 3,720 (3,020 in Montgomery County, 700 elsewhere). Performances include 8 self-produced concerts: 2 Ticketed, 5 free and open to the public, and 1 community outreach at a retirement home; participated in 2 local choral festivals, and 1 Lunar New Year festival; and had 1 presentation during our New York City Choral Tour.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt070012
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0112844
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Taxes Payable

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