Summertrios INC FY2022 filing

Tax-deductible

Moorestown, NJ501(c)(3)Since 1994Arts & CultureEIN 23-2775746Revenue $259K in FY2022

On file with the IRSsummertrios.org287 W 2nd St, 08057-2346 · Moorestown, NJTax-exempt since Jan 1998Publicly supported — 509(a)(2)

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To provide opportunities to adult non professional musicians to play chamber music, to teach the art of chamber music to adult non professionals, to increase appreciation of chamber music among participants and to open doorways to new and lasting friendships among participants and faculty.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $26K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 13 voting members
Looks good: 9 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+69% vs prior year
Spent
$203K
To programs
83%
Net assets
$93K
By yearFY2020–FY2025
Revenue
$259K
FY2022▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2020$78K
FY2021$153K
FY2022$259K
FY2023$194K
FY2024$268K
FY2025$297K
Expenses
$203K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$76K
FY2021$182K
FY2022$203K
FY2023$225K
FY2024$250K
FY2025$283K
Net assets
$93K
FY2022▲ +137%
Tap a bar for its year
Net assets by fiscal year
FY2020$69K
FY2021$39K
FY2022$93K
FY2023$62K
FY2024$82K
FY2025$95K

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $168K Management & general 17% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$3,576Pt VII · Sec A
Director Eme
$2,300Pt VII · Sec A
Director
$2,300Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Keith Colon’s $8K as Director is at the 6th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brianna Tagliaferro—$500$14,300———
Keith Colon$8,475$9,275$5,835$3,576——
Lily Friedman$3,000$2,800$2,600$2,300—$4,200
Sara Male$3,100$2,800————
Lindy Clarke$1,600$2,800$2,300$2,300—$1,200
Barbaraann Bongiovanni$1,000—————
Doris Hall-Gulati—$700$450—$250$500

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enables adult non-musicians to play, learn, and appreciate chamber music, fostering friendships.

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Provided by the organization

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3 programs · $168K · in their own filed words · FY2021
01

Intensive week- this chamber music workshop provides faculty coached rehearsals and performance opportunities for amateur musicians to play in woodwind, flute, french horn, string and piano ensembles. This program offers an opportunity to work on two repertoire choices, in much more depth, with more sessions on each one.

$106Kprogram expense
02

Pro-am week- this workshop provides opportunities for amateur musicians to play and perform in chamber music ensemble with professional musicians. This unique opportunity enhances the performance skills of the amateur and brings them to a new level. This program served 14 musicians.

$61Kprogram expense
03

Performance Prep

This online workshop delves into techniques that musicians can employ in an ensemble setting that will improve their preparation for a concert performance. These techniques include ways to reduce anxiety, to create "go to" plans in the event of an ensemble problem, to develop pre-performance routines, to be aware of who is leading, to…

$1Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$182K
Gifts and grantsLn 1h$74K
Other incomeLn 4–11$2K
Money outPt IX
$203K
Ln 25
Programscol B$168K
Managementcol C$35K
Owns and owesPt X
$93K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$93K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Fees for servicesLn 2g$182K
Investment incomeLn 3$848
Other incomeLn 4–11$2K
Gains on assetsLn 7$25
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$8K
Total assetsLn 16$93K
LiabilitiesLn 26$0
Net assetsLn 32$93K
OperationsPt I, VI
EmployeesI 53
VolunteersI 620
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$27K$83K
InvestmentsLn 11–13$10K$8K
Total assetsLn 16$41K$93K
LiabilitiesLn 26$2K$0
Net assetsLn 32$39K$93K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$43K$18K
Other salaries and wagesLn 7$46K$46K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$8K$4K$4K
Accounting feesLn 11c$3K$3K
OccupancyLn 16$65K$65K
InsuranceLn 23$2K$885$983
Other expenses (24a–d)Ln 24$13K$6K$7K
All other expensesLn 24e$5K$4K$738
Total functional expensesLn 25$203K$168K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $297K$283K$14K$95K 990 PDF
FY2024 $268K$250K$19K$82K 990 PDF
FY2023 $194K$225K−$30K$62K 990 PDF
FY2022 Viewing $259K$203K$55K$93K 990 PDF
FY2021 $153K$182K−$30K$39K 990 PDF
FY2020 $78K$76K$2K$69K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $258,741 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,304$73,624
I-9 Program service revenuePrior year $92,485$182,183
I-10 Investment incomePrior year $21$848
I-11 Other revenue$2,086
I-12 Total revenuePrior year $152,810$258,741
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $102,045$116,749
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $80,284$86,736
I-18 Total expensesPrior year $182,329$203,485
I-19 Revenue less expensesPrior year −$29,519$55,256
Part VI · Governance 9 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $258,741 across 7 lines filed
VIII-1f All other contributions, gifts and grants$73,624
VIII-1h Total contributions, gifts and grants$73,624
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $182,183$182,183
VIII-3 Investment incomeExcluded from tax $823$823
VIII-7 Net gain or loss on sales of assetsExcluded from tax $25$25
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,086$2,086
VIII-12 Total revenueRelated to mission $184,269 · Excluded from tax $848$258,741
Part IX · Statement of functional expenses $203,485 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,105 · Management $18,480$61,585
IX-7 Other salaries and wagesPrograms $45,851$45,851
IX-9 Other employee benefitsManagement $1,000$1,000
IX-10 Payroll taxesPrograms $3,936 · Management $4,377$8,313
IX-11c Accounting feesManagement $2,640$2,640
IX-16 OccupancyPrograms $64,624$64,624
IX-23 InsurancePrograms $885 · Management $983$1,868
IX-24 Other expenses (24a–d)Programs $5,788 · Management $7,206$12,994
IX-24e All other expensesPrograms $3,872 · Management $738$4,610
IX-25 Total functional expensesPrograms $168,061 · Management $35,424 · Fundraising $0$203,485
Part X · Balance sheet $92,857 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $27,467$82,890
X-4 Accounts receivableStart of year $3,614$1,711
X-11 Publicly traded securitiesStart of year $9,894$8,256
X-16 Total assetsStart of year $40,975$92,857
X-26 Total liabilitiesStart of year $1,736$0
X-32 Total net assets or fund balancesStart of year $39,239$92,857
X-33 Total liabilities and net assetsStart of year $40,975$92,857
Part XI · Reconciliation of net assets $92,857 net assets at year end
XI-1 Total revenue$258,741
XI-2 Total expenses$203,485
XI-3 Revenue less expenses$55,256
XI-4 Net assets at start of year$39,239
XI-5 Net unrealized gains (losses) on investments−$1,638
XI-10 Net assets at end of year$92,857

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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