Summertrios INC FY2023 filing

Tax-deductible

Moorestown, NJ501(c)(3)Since 1994Arts & CultureEIN 23-2775746Revenue $194K in FY2023

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.
84¢ of each $1 spent went to programs.
$25K 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

FY2023 · 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
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
$1K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 14 voting members
Looks good: 10 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$194K
-25% vs prior year
Spent
$225K
To programs
84%
Net assets
$62K
By yearFY2020–FY2025
Revenue
$194K
FY2023▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$78K
FY2021$153K
FY2022$259K
FY2023$194K
FY2024$268K
FY2025$297K
Expenses
$225K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$76K
FY2021$182K
FY2022$203K
FY2023$225K
FY2024$250K
FY2025$283K
Net assets
$62K
FY2023▼ -33%
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 FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 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

84 cents of each dollar spent went to programs.

Program services 84% · $190K Management & general 16% · $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

14 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$14,300Pt VII · Sec A
Director
$5,835Pt VII · Sec A
Director Eme
$2,600Pt VII · Sec A
Director
$2,300Pt VII · Sec A
$450Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $187K · in their own filed words · FY2022
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.

$108Kprogram 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 9 musicians.

$72Kprogram expense
03

Skills & Drills

This week-long workshop for strings is led by COACH/VIOLINIST jill schultz. The program is designed to help late starter and emerging string players enter and enjoy the world of chamber music, with a focus on technique, intonation and chamber music skills.

$8Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$194K
Ln 12
Fees for servicesLn 2g$159K
Gifts and grantsLn 1h$33K
Investment incomeLn 3$2K
Money outPt IX
$225K
Ln 25
Programscol B$190K
Managementcol C$35K
Owns and owesPt X
$62K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$64K
LiabilitiesLn 26$1K
PeoplePt VI, VII
14
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Fees for servicesLn 2g$159K
Investment incomeLn 3$2K
Total revenueLn 12$194K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
InvestmentsLn 11–13$8K
Total assetsLn 16$64K
LiabilitiesLn 26$1K
Net assetsLn 32$62K
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 FY23End FY23
Cash and savingsLn 1–2$83K$54K
InvestmentsLn 11–13$8K$8K
Total assetsLn 16$93K$64K
LiabilitiesLn 26$0$1K
Net assetsLn 32$93K$62K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$27K$11K$15K
Other salaries and wagesLn 7$89K$89K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$11K$9K$1K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$175$175
OccupancyLn 16$73K$73K
InsuranceLn 23$2K$1K$914
Other expenses (24a–d)Ln 24$13K$2K$11K
All other expensesLn 24e$4K$3K$1K
Total functional expensesLn 25$225K$190K$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 Viewing $194K$225K−$30K$62K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $194,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,624$33,116
I-9 Program service revenuePrior year $182,183$158,897
I-10 Investment incomePrior year $848$2,171
I-11 Other revenuePrior year $2,086$0
I-12 Total revenuePrior year $258,741$194,184
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $116,749$129,033
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,736$95,599
I-18 Total expensesPrior year $203,485$224,632
I-19 Revenue less expensesPrior year $55,256−$30,448
Part VI · Governance 10 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members10
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 $194,184 across 5 lines filed
VIII-1f All other contributions, gifts and grants$33,116
VIII-1h Total contributions, gifts and grants$33,116
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $158,897$158,897
VIII-3 Investment incomeExcluded from tax $2,171$2,171
VIII-12 Total revenueRelated to mission $158,897 · Excluded from tax $2,171$194,184
Part IX · Statement of functional expenses $224,632 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $11,478 · Management $15,216$26,694
IX-7 Other salaries and wagesPrograms $89,364$89,364
IX-9 Other employee benefitsManagement $2,256$2,256
IX-10 Payroll taxesPrograms $9,315 · Management $1,404$10,719
IX-11c Accounting feesManagement $2,695$2,695
IX-12 Advertising and promotionManagement $175$175
IX-16 OccupancyPrograms $73,488$73,488
IX-23 InsurancePrograms $1,016 · Management $914$1,930
IX-24 Other expenses (24a–d)Programs $2,380 · Management $10,857$13,237
IX-24e All other expensesPrograms $2,659 · Management $1,415$4,074
IX-25 Total functional expensesPrograms $189,700 · Management $34,932 · Fundraising $0$224,632
Part X · Balance sheet $63,579 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $82,890$53,578
X-4 Accounts receivableStart of year $1,711$1,926
X-11 Publicly traded securitiesStart of year $8,256$8,075
X-16 Total assetsStart of year $92,857$63,579
X-17 Accounts payable and accrued expenses$1,350
X-26 Total liabilitiesStart of year $0$1,350
X-32 Total net assets or fund balancesStart of year $92,857$62,229
X-33 Total liabilities and net assetsStart of year $92,857$63,579
Part XI · Reconciliation of net assets $62,229 net assets at year end
XI-1 Total revenue$194,184
XI-2 Total expenses$224,632
XI-3 Revenue less expenses−$30,448
XI-4 Net assets at start of year$92,857
XI-5 Net unrealized gains (losses) on investments−$180
XI-10 Net assets at end of year$62,229

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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