Civic Intelligence

Yale Alumni Chorus Foundation Inc

EIN 52-2388315 • 501(c)3 • New Haven, CT

Profile

The Foundations mission is to promote harmony through choral music, both at home and abroad, through performance, education, promotion of international choral events, and by supporting the creation of new choral music.

1140 Chapel StreetNew Haven, CT 06511

www.yalealumnichorus.org

Siviq Scores

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

Liabilities / Assets

47th percentile

0.05x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,172,165

Up $209,926 (+11%) from 2023

Liabilities

Up

$115,436

Up $105,447 (+1056%) from 2023

Net Assets

Up

$2,056,729

Up $104,479 (+5.4%) from 2023

Revenue

Down

$262,203

Down $303,108 (-54%) from 2023

Expenses

Down

$173,834

Down $259,362 (-60%) from 2023

Net Income

Down

$88,369

Down $43,746 (-33%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $679,890Liabilities 2011: $10,295Net Assets 2011: $669,5952011Assets 2012: $934,295Liabilities 2012: $174,919Net Assets 2012: $759,3762012Assets 2013: $973,195Liabilities 2013: $9,432Net Assets 2013: $963,7632013Assets 2014: $1,081,294Liabilities 2014: $38,349Net Assets 2014: $1,042,9452014Assets 2015: $1,127,816Liabilities 2015: $84,866Net Assets 2015: $1,042,9502015Assets 2016: $994,400Liabilities 2016: $1,184Net Assets 2016: $993,2162016Assets 2017: $1,463,221Liabilities 2017: $32,523Net Assets 2017: $1,430,6982017Assets 2018: $1,663,640Liabilities 2018: $342,238Net Assets 2018: $1,321,4022018Assets 2019: $1,836,053Liabilities 2019: $26,582Net Assets 2019: $1,809,4712019Assets 2020: $1,956,816Liabilities 2020: $19,647Net Assets 2020: $1,937,1692020Assets 2021: $2,105,882Liabilities 2021: $8,574Net Assets 2021: $2,097,3082021Assets 2022: $1,714,400Liabilities 2022: $10,831Net Assets 2022: $1,703,5692022Assets 2023: $1,962,239Liabilities 2023: $9,989Net Assets 2023: $1,952,2502023Assets 2024: $2,172,165Liabilities 2024: $115,436Net Assets 2024: $2,056,7292024

Highlighted filing

2024

Assets$2,172,165
Liabilities$115,436
Net Assets$2,056,729

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,261,644Expenses 2011: $1,194,334Net Income 2011: $67,3102011Expenses 2012: $252,8392012Revenue 2013: $985,681Expenses 2013: $781,294Net Income 2013: $204,3872013Revenue 2014: $282,595Expenses 2014: $203,413Net Income 2014: $79,1822014Revenue 2015: $305,107Expenses 2015: $282,138Net Income 2015: $22,9692015Revenue 2016: $680,445Expenses 2016: $734,229Net Income 2016: -$53,7842016Revenue 2017: $557,199Expenses 2017: $235,636Net Income 2017: $321,5632017Revenue 2018: $426,948Expenses 2018: $398,940Net Income 2018: $28,0082018Revenue 2019: $940,063Expenses 2019: $658,281Net Income 2019: $281,7822019Revenue 2020: $346,641Expenses 2020: $356,972Net Income 2020: -$10,3312020Revenue 2021: $205,688Expenses 2021: $115,168Net Income 2021: $90,5202021Revenue 2022: $224,599Expenses 2022: $205,915Net Income 2022: $18,6842022Revenue 2023: $565,311Expenses 2023: $433,196Net Income 2023: $132,1152023Revenue 2024: $262,203Expenses 2024: $173,834Net Income 2024: $88,3692024

Highlighted filing

2024

Revenue$262,203
Expenses$173,834
Net Income$88,369

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.12$2.06$0.26$0.17$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.01$1.95$0.57$0.43$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.01$1.70$0.22$0.21$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$0.01$2.10$0.21$0.12$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.02$1.94$0.35$0.36$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.03$1.81$0.94$0.66$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.34$1.32$0.43$0.40$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.03$1.43$0.56$0.24$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.00$0.99$0.68$0.73$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.08$1.04$0.31$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.04$1.04$0.28$0.20$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.97$0.01$0.96$0.99$0.78$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.17$0.76$0.25
2011Summary only. Only limited summary data is available for this year.$0.68$0.01$0.67$1.26$1.19$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$363,531
Mission and Program Overview

Mission

The Foundations mission is to promote harmony through choral music, both at home and abroad, through performance, education, promotion of international choral events, and by supporting the creation of new choral music.

The Foundation's mission is to promote harmony through choral music, both at home and abroad, through performance, education, promotion of choral events, and by supporting the creation of new choral music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,777,330$1,942,938▲ $165,608
Savings and Temporary Cash Investments$165,687$112,679▼ $53,008
Cash and Non-Interest-Bearing Accounts$16,237$77,080▲ $60,843
Prepaid Expenses and Deferred Charges$1,031$37,686▲ $36,655
Pledges and Grants Receivable$1,204$1,032▼ $172
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,962,239$2,172,165▲ $209,926
Other Assets Total$750$750→ $0
Liabilities
Deferred Revenue-$102,038-
Accounts Payable and Accrued Expenses$9,989$13,398▲ $3,409
Total Liabilities$9,989$115,436▲ $105,447
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,074,531$1,095,208▲ $20,677
Net Assets With Donor Restrictions$877,719$961,521▲ $83,802
Total Net Assets Fund Balance$1,952,250$2,056,729▲ $104,479
Total Liabilities and Net Assets / Fund Balance$1,962,239$2,172,165▲ $209,926

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,503,233-▲ $82,775-$1,586,008
2023$1,341,595-▲ $191,638$30,000$1,503,233
2022$1,663,438-▼ $266,118$55,725$1,341,595
2021$1,450,305$182,515▲ $178,111$147,493$1,663,438
2020$1,267,629$27,815▲ $200,304$45,443$1,450,305
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Irma GarciaAdmin. DirectorFT$58,037$8,552$66,589

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$105,713
Program Service Revenue
$0
Investment Income
$156,490
Other Revenue
$0
All Other Contributions
$105,713
Change in Net Assets
$88,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$262,203
Revenue Not Reported on Form 990
$16,110
Total Revenue per Audited Statements
$278,313
Total Revenue per Form 990
$262,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,382
Salaries, Compensation, and Employee Benefits$71,452
Total Fundraising Expense$24,259
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$29,018$17,411$11,607$58,036
Fees for Services Accounting-$16,651-$16,651
Occupancy-$6,849$5,604$12,453
Office Expenses-$11,220$1,152$12,372
Other Employee Benefits$4,276$2,566$1,710$8,552
Information Technology$3,725$2,235$1,490$7,450
Insurance-$3,939$1,723$5,662
Payroll Taxes$2,432$1,459$973$4,864
Other Expenses$2,943$4,884-$2,943
Grants to Domestic Orgs$1,000--$1,000
Travel-$234-$234
Fees for Services Other-$198-$198
Total Functional Expenses$81,929$67,646$24,259$173,834

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$173,834
Total Expenses per Audited Statements$173,834
Total Expenses per Form 990$173,834
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family relationship between an officer and board member.

Form 990, Part VI, Section A, Line 6

The organization's by-laws define a member of the organization to be any individual who has (a) made a donation to the organization, (b) participated in one or more of the organization's events (as determined by the organization's board of directors), or (c) served as a director or officer of the organization or a standing committee of the organization, in each case in any of the five calendar years immediately preceding the date of the meeting of members for which the list of members is to be determined.

Form 990, Part VI, Section A, Line 7A

The organization's members collectively are entitled to vote annually on the election of the organization's directors, who are divided into three classes so approximately one third of the directors are up for election or reelection in any given year.

Form 990, Part VI, Section A, Line 7B

The organization's members are also entitled, to the extent required by Connecticut law, to vote on the approval or rejection of amendments to the organization's certificate of incorporation or by-laws and certain significant transactions involving the organization. The organization's members are also entitled, to the extent permitted by Connecticut law, to approve amendments to the organization's by-laws at meetings of members. No member has a right to receive any assets from the organization upon its dissolution.

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

The Form 990 is reviewed by management, audit committee members, and the auditors, and is then made available to the entire board of directors prior to filing.

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

On an annual basis, each board member is required to answer a questionnaire concerning potential conflicts. The officers use this data to identify any transaction in which a conflict of interest may occur. To date, no conflicts have been identified in any organizational transaction.

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

Acting as a committee of two, the President and the Treasurer develop and communicate performance of the Administrative Director. Other members of the Board are consulted as may be required. Compensation level is then adjusted with consideration given to afford ability and to known compensation of individuals in similar positions in similar organizations.

Form 990, Part VI, Section C, Line 19

Applicable documents are made available based on current regulations and will be provided upon written request to the Foundation.

Filing and Contact Details

Filer

Filer Name
Yale Alumni Chorus Foundation Inc
EIN
52-2388315
Phone
2035624752
Address
1140 Chapel Street, New Haven, CT 06511

Signing Officer

Name
Irma Garcia
Title
Administrative Direc
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Sheehan
Formed
2002
Legal Domicile
Ct
Voting Board Members
21
Independent Board Members
20
Employees
1
Volunteers
400

Preparer

Firm
Maletta & Company
Address
43 Enterprise Drive, Bristol, CT 06010
Preparer
Michael a Maletta CPA
Phone
8605826715
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The intended uses of the endowment fund include current operational and programmatic needs, and the Foundation's overall long-term mission and goals.

Part X : FIN48 Footnote

The Foundation is exempt from Federal and State income taxes as a public charity under section 501 (c)(3) of the Internal Revenue Code. The Foundation has implemented the accounting guidance for uncertainty in income taxes using certain provisions of ASC 740 Income Taxes. Under this guidance, tax provisions need to be recognized by recognition or disclosure in the financial statements when it is more-likely-than-not the position will be sustained upon examination. The Foundation believes that it has appropriate support for income tax positions taken in its tax returns and has no tax provisions at December 31, 2023 or 2022.

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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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