RALEIGH YOUTH CHOIR INC

EIN: 561169215 501(c)(3)

RALEIGH, NC

Total Revenue
$184,865
Total Expenses
$191,760
Total Assets
$400,438
Net Assets
$381,834
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NC
Principal Officer
DWAYNE HOLLOWAY
Phone
9198819259
Tax Period
2023-07-01 to 2024-06-30

RALEIGH YOUTH CHOIR INC, founded in 1968, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $382K represent 25 months of operating reserves.

Mission

RALEIGH YOUTH CHOIR EDUCATES YOUTH IN THE ART AND JOY OF SINGING THROUGH QUALITY EDUCATION AND PERFORMANCES. WE ENVISION YOUTH FROM ALL CULTURES AND BACKGROUNDS JOINING TOGETHER TO EXPERIENCE THE POWER OF SONG. AT RALEIGH YOUTH CHOIR, WE OFFER EACH YOUNG PERSON A UNIQUE EXPERIENCE. OUR INSTRUCTORS MEET EVERY CHILD EXACTLY WHERE THEY ARE AND PROVIDE SPECIALIZED INSTRUCTION, ALL WHILE PROVIDING MENTORSHIP AND ENCOURAGEMENT. WE ARE ALL ABOUT THE POWER OF "YES- AND HAVING A CAN-DO ATTITUDE. EVERY YOUTH HAS A VOICE AND THESE VOICES ARE VALUED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $92,489
Program Service Revenue $96,864
Investment Income $191
Other Revenue $-4,679
TOTAL REVENUE $184,865

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,737
Fundraising Expenses $11,070
Program Expenses $142,613
Other Expenses $111,023
TOTAL EXPENSES $191,760

Year-over-Year Comparison

2023 2022 Change
Revenue $184,865 $255,277 -0.3%
Expenses $191,760 $352,763 -0.5%
Net Income $-6,895 $-97,486 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
201

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
$75,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER SHORT EXECUTIVE DI 40.00
Officer
$45,000 $0 $45,000
JEREMY TUCKER ARTISTIC DIR 12.00
Officer
$30,000 $0 $30,000
DWAYNE HOLLOWAY BOARD CHAIR 10.00
Officer Director
$0 $0 $0
JULIE LOWE TREASURER 20.00
Officer Director
$0 $0 $0
HELGA FASCIANO SECRETARY 5.00
Officer Director
$0 $0 $0
ERIN CLEGHORN MEMBER AT LA 1.00
Director
$0 $0 $0
KIM DEMERY MEMBER AT LA 1.00
Director
$0 $0 $0
BRENT FOGLEMAN MEMBER AT LA 1.00
Director
$0 $0 $0
BOB GOODALE MEMBER AT LA 1.00
Director
$0 $0 $0
JANEIA KNOX MEMBER AT LA 1.00
Director
$0 $0 $0
BLAKE SHIVER MEMBER AT LA 1.00
Director
$0 $0 $0
TIFFANY STURDIVANT MEMBER AT LA 1.00
Director
$0 $0 $0
DR KENNETH TICE MEMBER AT LA 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 $184,865 $191,760 $400,438 $-6,895
2023 $255,277 $352,763 $360,153 $-97,486
2022 $139,190 $541,323 $402,980 $-402,133
2021 $43,272 $150,316 $520,143 $-107,044
2021 $497,983 $150,316 $520,143 $347,667
2020 $134,874 $133,220 $317,993 $1,654
2019 $167,297 $138,436 $317,217 $28,861
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