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TREASURE COAST YOUTH SYMPHONY INC

Educating the next generation to preserve, create, and celebrate our musical heritage.


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GuideStar Charity Check

TREASURE COAST YOUTH SYMPHONY INC

EIN: 65-1288784


Mission

The Treasure Coast Youth Symphony (TCYS) is a non-profit organization that provides exceptional musical education to students in the five counties of the Treasure Coast. Founded in 1987 by conductor emeritus Dr. John Enyart, the orchestra currently performs under the baton of conductors Thomas Servinsky and Benjamin Enyart. With a focus on performance training, students receive over 80 hours of instruction each year. TCYS offers a challenging environment that cultivates talent, inspires creativity, and instills lifelong character-building skills. Through its various programs and performances, the Treasure Coast Youth Symphony continues to enrich the cultural landscape of our community and shape the future of classical music.

Ruling year info

2006

Managing Conductor

Thomas Servinsky

President, Board of Directors

Andrew Haines

Main address

1320 SE Federal Hwy Suite 209

Stuart, FL 34994 USA

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EIN

65-1288784

Subject area info

Arts and culture

Orchestral music

Population served info

Children and youth

Students

Artists and performers

NTEE code info

(Symphony Orchestras) (A69)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Orchestra Performance

TCYS is the only orchestral training program for young musicians in most school districts, private, and home schools along the Treasure Coast.
Member musicians receive over 80 hours of instruction during each concert season.
Our programs, special projects, scholarships, and grants are paid for by income from performances, tuition, and private donations by individuals and businesses.

Population(s) Served
Children and youth
Students

Where we work

Financials

TREASURE COAST YOUTH SYMPHONY INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

27.9

Average of 2.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

31%

Average of 3% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

TREASURE COAST YOUTH SYMPHONY INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

TREASURE COAST YOUTH SYMPHONY INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

TREASURE COAST YOUTH SYMPHONY INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of TREASURE COAST YOUTH SYMPHONY INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2022
Unrestricted surplus (deficit) before depreciation $110,673
As % of expenses 103.4%
Unrestricted surplus (deficit) after depreciation $105,429
As % of expenses 93.9%
Revenue composition info
Total revenue (unrestricted & restricted) $216,842
Total revenue, % change over prior year 0.0%
Program services revenue 20.3%
Membership dues 0.0%
Investment income 0.0%
Government grants 6.2%
All other grants and contributions 66.9%
Other revenue 6.7%
Expense composition info
Total expenses before depreciation $106,983
Total expenses, % change over prior year 0.0%
Personnel 20.0%
Professional fees 39.3%
Occupancy 11.2%
Interest 0.0%
Pass-through 8.7%
All other expenses 20.8%
Full cost components (estimated) info 2022
Total expenses (after depreciation) $112,227
One month of savings $8,915
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $121,142

Capital structure indicators

Liquidity info 2022
Months of cash 27.9
Months of cash and investments 27.9
Months of estimated liquid unrestricted net assets 27.9
Balance sheet composition info 2022
Cash $248,615
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $154,598
Accumulated depreciation (as a % of LBE) 98.0%
Liabilities (as a % of assets) 0.0%
Unrestricted net assets $0
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets $251,677

Key data checks

Key data checks info 2022
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Managing Conductor

Thomas Servinsky

THOMAS C. SERVINSKY Conductor; Founder, The Academy Orchestra Thomas Servinsky grew up in Indiana, Pennsylvania, where his parents were both teachers. His father, a gifted clarinetist, passed on his musical talents to his son and by the age of six, Mr. Servinsky was playing the clarinet. During his studies at Indiana University of Pennsylvania, Mr. Servinsky had the opportunity to study in Paris with Maurice Gabai, principal clarinetist with the Paris Opera. He also studied with Louis Paul, principal clarinetist of the Pittsburgh Symphony and with Stanley Drucker, principal clarinetist with the New York Philharmonic. Mr. Servinsky played 32 seasons with the Atlantic Classical Orchestra, and freelances with several south Florida orchestras and opera companies. Mr. Servinsky is a graduate of the Chautauqua Institute Piano Technology program and is in his 30th year as a Registered Piano Technician.

President, Board of Directors

Andrew Haines

Founder, principal, strategic advisor, and investor with over 14 years of diverse and global experience in technology, finance, and consulting. I help clients across various industries and markets achieve their growth and innovation goals, leveraging my analytical skills, go-to-market (GTM) and product expertise, and global perspective. I run Innovation Business Insights, a boutique consulting firm that I founded in 2021, after leaving Amazon Web Services (AWS) as a Senior Program Manager for the Global-to-China (G2C) business unit. At AWS, I developed and implemented the GTM and product strategy for G2C accounts, enabling AWS to expand its presence and offerings in China. Prior to AWS, I was a Director at ByteDance/TikTok, where I led the commercial operations and international business development for the CEO office, overseeing several global expansion initiatives for ByteDance's products and platforms.

Number of employees

Source: IRS Form 990

TREASURE COAST YOUTH SYMPHONY INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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TREASURE COAST YOUTH SYMPHONY INC

Board of directors
as of 12/03/2023
SOURCE: Self-reported by organization
Board of directors data
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