TUESDAY EVENING CONCERT SERIES INC

EIN: 237312817 501(c)(3)

CHARLOTTESVILLE, VA

Total Revenue
$421,973
Total Expenses
$488,607
Total Assets
$1,331,308
Net Assets
$1,108,038
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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
VA
Principal Officer
DAVID BALDWIN
Phone
4342449505
Tax Period
2023-07-01 to 2024-06-30

TUESDAY EVENING CONCERT SERIES INC, founded in 1951, is a small nonprofit that reported $399K in total revenue in fiscal year 2017. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 15% operating margin.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE AVAILABLE TO THE GENERAL PUBLIC, A SERIES OF MUSICAL EVENTS DESIGNED TO ENRICH THE CULTURAL LIFE OF THE COMMUNITY. THE SERIES WORKS WITH OTHER NONPROFIT ORGANIZATIONS AND SCHOOLS TO PROVIDE OUTREACH SERVICES TO THE GENERAL PUBLIC THROUGH CULTURAL ACTIVITIES WITH THE ARTISTS FROM THE EVENING CONCERTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $231,091
Program Service Revenue $190,795
Investment Income $87
Other Revenue $0
TOTAL REVENUE $421,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,653
Fundraising Expenses $36,744
Program Expenses $327,722
Other Expenses $324,954
TOTAL EXPENSES $488,607

Year-over-Year Comparison

2023 2022 Change
Revenue $421,973 $388,396 +0.1%
Expenses $488,607 $428,554 +0.1%
Net Income $-66,634 $-40,158 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$49,047
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BALDWIN EXECUTIVE DI 40.00
Officer
$40,000 $9,047 $49,047
DAVID C SPEEDIE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL G MAHONEY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ROBERT L CHEVALIER TREASURER 1.00
Officer Director
$0 $0 $0
MARY JANE KING SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT BOND DIRECTOR 1.00
Director
$0 $0 $0
RUFUS C BOTZOW DIRECTOR 1.00
Director
$0 $0 $0
JOSY HESLER DIRECTOR 1.00
Director
$0 $0 $0
LINDA SHANK DIRECTOR 1.00
Director
$0 $0 $0
TASHA TOBIN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $421,973 $488,607 $1,331,308 $-66,634
2023 $388,396 $428,554 $1,378,738 $-40,158
2022 $315,000 $401,783 $1,392,943 $-86,783
2021 $176,489 $191,481 $1,492,038 $-14,992
2020 $363,878 $338,118 $1,252,360 $25,760
2019 $372,133 $321,351 $1,209,921 $50,782
2018 $398,766 $337,217 $1,159,598 $61,549
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