Fifth House Ensemble EIN 20-2307216 Form 990 (PDF) Claim this org

Fifth House Ensemble

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Presents live classical chamber music performances for audiences. For fiscal year 2021 it reported $682K in revenue, $415K in expenses, and $522K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Chicago, IL
Website
fifth-house.com
Filings
2 on file (2020–2021)
Revenue
$682KFY2021
Expenses
$415K
Net assets
$522K
People
9
Filings
2
Updates
0
More identity details & actions ⌄
EIN  20-2307216 Unknown exempt organization Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents live classical chamber music performances for audiences.
Leadership
Alexandra Olsavsky · Executive Dir. · $39K
Money in and out
$682K revenue, $415K expenses
Bottom line
+39% surplus margin
Reported financial activity · FY2021
Total revenue
$682K
Pt VIII · Ln 12
Total expenses
$415K
Pt IX · Ln 25
Net assets
$522K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $267K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.14 Fundraising $0.05
Surplus margin
+39%
revenue over expenses, this year▲ ×39 vs prior filing year
Program spending
82%
of expenses reach programs▲ +5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$682K
FY2021▲ +19%
Expenses
$415K
FY2021▼ -27%
Total assets
$551K
FY2021▲ +81%
Total liabilities
$30K
FY2021▼ -40%
Total revenue
$682K
Pt VIII · Ln 12
Total expenses
$415K
Pt IX · Ln 25
Net assets
$522K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$267K
Total assetsPt X · Ln 16$551K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFifth House Ensemble
EINHdr · item D20-2307216
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jfifth-house.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$38,958Pt VII · Sec A
Director
$16,288Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2021FY2020
Alexandra Olsavsky$38,958
Melissa Ngan$35,000
Melissa Ngan$16,288

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $285K of program spending, described in the organization's own filed words · FY2020.
01

Public Performances

Chamber music performances and higher education residency programs.

$161Kprogram expense
02

Fresh INC.

An annual two-week festival, including rehearsals/premiers of 24 new works of chamber music, public performance/educational programs, and emerging artist training.

$68Kprogram expense
03

Education

Performances and residencies in public schools and in social service settings, serving K-12 students sand youth/adults transitioning from homlessness or incarceration.

$56Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$520K · 76%
Program service revenue$162K · 24%
Contributions & grants76%$520K
Program service revenue24%$162K
Investment income$15
Other revenue$512
— government grantsLn 1e$184K
Total revenueLn 12$682K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.14 Fundraising $0.05
Program services82%$338K
Management & general14%$58K
Fundraising5%$19K
Total functional expensesLn 25$415K

Balance Sheet

Part X · end of year
CashLn 1$436K
Total assetsLn 16$551K
Total liabilitiesLn 26$30K
Total net assetsLn 32$522K
Months of cash on handcomputed12.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $436K · Operating expenses/yr $415K
12.6 months
Where the money goes
Program services
Program services $338K · Total expenses $415K
82%
Management & General
Management & general $58K · Total expenses $415K
14%
Fundraising
Fundraising $19K · Total expenses $415K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $19K · Solicited contributions (2-yr avg) $316K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $520K · Total revenue $682K
76%
Government reliance
Government grants $184K · Total revenue $682K
27%
Earned-income share
Program service revenue $162K · Total revenue $682K
24%
Investment reliance
Investment income $15 · Total revenue $682K
<0.01%
Program self-sufficiency
Program service revenue $162K · Total expenses $415K
39%
Growth & trend
Revenue growth (YoY)
This year $682K · Prior year $572K
+19%
Net-asset trend (YoY)
End of year $522K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $682K · Expenses $415K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $551K
Net-asset ratio
Net assets $522K · Total assets $551K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $551K
0%
People & payroll
Highest Reported Total Compensation
Individual Alexandra Olsavsky · Reported title Executive Dir. · Highest reported compensation $39K · Total expenses $415K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $132K · Total expenses $415K
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 14%
Fundraising cost ratio 4%
Revenue growth 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$25

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$682K revenue · viewing · ⤓ 990 PDF
FY2020$572K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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