LITTLE FEATHER WORKS INC

EIN: 263883993 501(c)(3) Education

New York, NY

Total Revenue
$386,783
Total Expenses
$399,251
Total Assets
$100,599
Net Assets
$100,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
Solbong Kim
Phone
6465354234
Tax Period
2022-01-01 to 2022-12-31

LITTLE FEATHER WORKS INC, founded in 2009, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

Little Feather Works, Inc.'s mission is to assist artists and artists' collectives by helping to develop and present new and exciting works, offering educational programs, and actively engaging community participation, programs, and interactions with artists and artists' collectives; to promote artistic endeavors of all kinds and present challenging opportunities for artists to explore the boundaries of their creativity and promote an appreciation of works of various artists by the community and the public at large.

Program Service Accomplishments

Program 1
Expenses: $20,751 Revenue: $830

In 2022, Little Feather Works, Inc. proudly presented its annual Atlantic Music Festival from June 27 to August 7, 2022. Upholding our tradition of making classical music accessible to all, we...

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In 2022, Little Feather Works, Inc. proudly presented its annual Atlantic Music Festival from June 27 to August 7, 2022. Upholding our tradition of making classical music accessible to all, we continued to offer all daily concerts free to the public throughout the six-week festival. This year's event showcased a diverse array of world-class classical music talents and performances. We are delighted to report that the 2022 festival successfully attracted an estimated 4000 audience members, reflecting our ongoing commitment to sharing the transformative power of classical music with a broad and diverse audience.

Program 2
Expenses: $63,613 Revenue: $0

In 2022, Little Feather Works, Inc. continued its mission to support rising classical music stars at the Atlantic Music Festival, which took place from June 27 to August 7. This year, we provided...

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In 2022, Little Feather Works, Inc. continued its mission to support rising classical music stars at the Atlantic Music Festival, which took place from June 27 to August 7. This year, we provided fellowships to 20 talented classical artists, offering them housing, meals, and the chance to collaborate with a diverse group of over 40 renowned musicians. Over six weeks, our fellows participated in an intensive program that included mentorship, numerous performance opportunities, and significant professional exposure, enhancing both their personal development and enriching the festival's artistic community.

Program 3
Expenses: $189,607 Revenue: $386,783

In 2022, Little Feather Works, Inc., through its annual event, the Atlantic Music Festival, held from June 27 to August 7, offered a range of educational seminars and professional performance...

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In 2022, Little Feather Works, Inc., through its annual event, the Atlantic Music Festival, held from June 27 to August 7, offered a range of educational seminars and professional performance experiences to 99 aspiring classical artists. As part of our commitment to community engagement, several of these seminars were open to the public free of charge. This initiative enabled approximately 500 individuals to benefit from our educational offerings, underscoring our role in promoting classical music education and appreciation.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $830
Program Service Revenue $385,953
Investment Income $0
Other Revenue $0
TOTAL REVENUE $386,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,748
Fundraising Expenses $0
Program Expenses $273,971
Other Expenses $100,503
TOTAL EXPENSES $399,251

Year-over-Year Comparison

2022 2021 Change
Revenue $386,783 $497,924 -0.2%
Expenses $399,251 $388,902 +0.0%
Net Income $-12,468 $109,022 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
20

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
2
$148,247
Total Directors
3
$152,497
Key Employees
2
$152,497
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Solbong Kim President/Artistic Director 40
Officer Director Key Emp Highest
$148,247 $0 $148,247
Sang Woo Kang Program Coordinator 5
Director Key Emp
$4,250 $0 $4,250
Daniel Lee Secretary 5
Officer 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
2022 $386,783 $399,251 $100,599 $-12,468
2021 $497,924 $388,902 $113,067 $109,022
2019 $422,650 $426,711 $30,671 $-4,061
2018 $430,886 $418,155 $34,732 $12,731
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