Nonprofit · EIN 45-2473321
CHELSEA MUSIC FESTIVAL CORPORATION
Tax-exempt · NEW YORK, NY 10025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $344,365 | $388,295 | -$43,930 | $395,318 | $2,026 | $393,292 |
| December 31, 2023 | 990 | $171,515 | $310,042 | -$138,527 | $433,477 | $4,120 | $429,357 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $302,628
- of which government grants
- $69,788
- Program service revenue
- $23,277
- Investment income
- $12,933
- Net income from sales of inventory
- -$5,951
- Other revenue
- $5,527
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $41,530
- Other salaries and wages
- $62,704
- Salaries, compensation and benefits (total)
- $104,234
- Professional fundraising fees
- $0
- Legal fees
- $2,050
- Accounting fees
- $11,871
- Occupancy
- $6,984
- Travel
- $21,979
- Depreciation
- $556
- Program services (functional)
- $316,973
- Management and general (functional)
- $62,520
- Fundraising (functional)
- $8,802
Balance sheet and other
- Total assets, start of year
- $433,477
- Total assets, end of year
- $395,318
- Total liabilities, end of year
- $2,026
- Net assets, end of year
- $393,292
- Land, buildings and equipment
- $832
- Publicly traded securities
- $330,186
- Net assets without donor restrictions
- $393,292
- Gross receipts
- $353,439
- Employees
- 0
- Volunteers
- 37
- Year formed
- 2011
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIFFANY FUNG | SECRETARY AND DIR OF OPERATIONS Trustee or director, Officer | 20 | $31,530 |
| KEN-DAVID MASUR | DIRECTOR Trustee or director | 10 | $10,000 |
| MOLLY CALLISTE | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE EGLI | DIRECTOR Trustee or director | 1 | $0 |
| YOKO FUKAYA | TREASURER Trustee or director, Officer | 1 | $0 |
| JESSICA HEALY | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIFFANY FUNG | SECRETARY AND DIR OF OPERATIONS & BUS DEV Trustee or director, Officer | 20 | $20,325 |
| KEN-DAVID MASUR | DIRECTOR Trustee or director | 10 | $10,000 |
| MOLLY CALLISTE | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE EGLI | DIRECTOR Trustee or director | 1 | $0 |
| YOKO FUKAYA | TREASURER Trustee or director, Officer | 1 | $0 |
| JESSICA HEALY | PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20435, NEW YORK, NY 10025-1520
- In care of
- % ROBERT PERLSTEIN
- Principal officer (990 for 2024)
- TIFFANY FUNG, PO BOX 20435 PARK WEST STATION, NEW YORK, NY 10025
- Signed the 990
- TIFFANY FUNG, SECRETARY AND DIR OF OPS & BUS DEV
- Phone
- (646) 801-3864
- Website
- CHELSEAMUSICFESTIVAL.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
CHELSEA MUSIC FESTIVAL CELEBRATES GREAT MUSIC BY CONVENING WORLD-LEADING MUSICIANS & ARTISTS IN THE PERFORMING, CULINARY, AND VISUAL ARTS FOR AN INTERNATIONAL AUDIENCE. THE FESTIVAL INVITES ARTISTS, COMPOSERS, AND PERFORMERS TO COLLABORATE IN PURSUIT OF NEW PERSPECTIVES IN ARTISTIC EXPRESSION.
Program accomplishments
- CHELSEA MUSIC FESTIVAL CELEBRATES GREAT MUSIC BY CONVENING WORLD-LEADING MUSICIANS & ARTISTS IN THE PERFORMING, CULINARY, AND VISUAL ARTS FOR AN INTERNATIONAL AUDIENCE. THE FESTIVAL INVITES ARTISTS, COMPOSERS, AND PERFORMERS TO COLLABORATE IN PURSUIT OF NEW PERSPECTIVES IN ARTISTIC EXPRESSION.INSPIRED BY ITS CHELSEA ROOTS, THE FESTIVAL REFLECTS THE CREATIVITY OF ONE OF NEW YORK CITY'S MOST DYNAMIC NEIGHBORHOODS. PROGRAMS SPAN MUSICAL GENRES RANGING FROM CLASSICAL TO CONTEMPORARY TO JAZZ WITH A SPECIAL EMPHASIS ON FESTIVAL COMMISSIONS BY COMPOSERS WHOSE WORKS ARE NOT IN THE TRADITIONAL WESTERN CANON. IN ADDITION TO ITS ON-THE-GROUND PROGRAMMING, THE FESTIVAL HOSTS AN ONLINE LIBRARY OF RECORDINGS SO MUSIC ENTHUSIASTS, ARTISTS, AND STUDENTS ALIKE CAN EXPLORE UNIQUE INTERPRETATIONS OF CLASSICAL, JAZZ, AND CONTEMPORARY WORKS VIA HIGH-QUALITY VIDEOS OF WORLD-CLASS PERFORMANCES AND DIALOGUES AVAILABLE FOR YEARS TO COME.SINCE 2010, THE CHELSEA MUSIC FESTIVAL HAS ESTABLISHED ITSELF AS A CRITICALLY-ACCLAIMED, ACCESSIBLE AND INTERACTIVE GATEWAY TO CHAMBER MUSIC IN NON-TRADITIONAL CONCERT SPACES SUCH AS ART GALLERIES, PUBLIC SQUARES, SCHOOLS, AND CHURCHES. ARTISTS HAIL FROM AROUND THE WORLD TO PARTAKE IN NEARLY TWO WEEKS OF PROGRAMMING COMPLETE WITH CONCERTS, LECTURES, EXHIBITIONS, FAMILY EVENTS, AND FREE OUTREACH PERFORMANCES. IN 2020, THE CHELSEA MUSIC FESTIVAL INAUGURATED ITS ONLINE ENCORES AND ONLINE ORIGINALS YOUTUBE SERIES; ONLINE ENCORES PRESENTS HIGHLIGHTS FROM OUR FESTIVAL ARCHIVES WHILE ONLINE ORIGINALS PRESENTS NEW AND NEVER-BEFORE-SEEN PERFORMANCES AND RECORDINGS.WE ARE PROUD TO GIVE EMERGING VOICES, PARTICULARLY THOSE OF WOMEN AND PEOPLE OF COLOR, A STAGE AND ARE WORKING TO BUILD AN AUDIENCE AND INTIMATE COMMUNITY TO SUPPORT A NEW GENERATION OF MUSICIANS, COMPOSERS, AND ARTISTS.Expenses $316,973 · revenue $23,277
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2473321
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $395,318
- Income (IRS master file)
- $353,439
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $344,365 | $388,295 | $395,318 | XML |
| 990 | December 2023 | $171,515 | $310,042 | $433,477 | XML |
| 990 | December 2022 | $184,346 | $215,377 | $564,101 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2473321).
Questions about CHELSEA MUSIC FESTIVAL CORPORATION
- What is the EIN of CHELSEA MUSIC FESTIVAL CORPORATION?
- The employer identification number (EIN) of CHELSEA MUSIC FESTIVAL CORPORATION is 45-2473321.
- Is CHELSEA MUSIC FESTIVAL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to CHELSEA MUSIC FESTIVAL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHELSEA MUSIC FESTIVAL CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHELSEA MUSIC FESTIVAL CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHELSEA MUSIC FESTIVAL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHELSEA MUSIC FESTIVAL CORPORATION?
- The 990 for the year ended December 31, 2024 names TIFFANY FUNG.
- Who are the officers and directors of CHELSEA MUSIC FESTIVAL CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $31,530 (TIFFANY FUNG, SECRETARY AND DIR OF OPERATIONS).
- How much revenue does CHELSEA MUSIC FESTIVAL CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $344,365, expenses of $388,295 and total assets of $395,318 at year end.
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