Crescendo Competitions INC FY2022 filing

Tax-deductible

Marlboro, NJ501(c)(3)Since 2007Arts & CultureEIN 26-0750032Revenue $692K in FY2022

On file with the IRScrescendocompetition.org55 Manor Dr, 07746-1972 · Marlboro, NJTax-exempt since Dec 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Provide international music competition , annual music concert and student music exchange program with other countries

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$165K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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 · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$165K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$335K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$692K
+99% vs prior year
Spent
$681K
To programs
58%
Net assets
$202K
By yearFY2020–FY2025
Revenue
$692K
FY2022▲ +99%
Tap a bar for its year
Revenue by fiscal year
FY2020$543K
FY2021$347K
FY2022$692K
FY2023$1.2M
FY2024$1.1M
FY2025$1.4M
Expenses
$681K
FY2022▲ +64%
Tap a bar for its year
Expenses by fiscal year
FY2020$560K
FY2021$416K
FY2022$681K
FY2023$1.1M
FY2024$1.1M
FY2025$1.3M
Net assets
$202K
FY2022▲ +60%
Tap a bar for its year
Net assets by fiscal year
FY2020$196K
FY2021$126K
FY2022$202K
FY2023$226K
FY2024$233K
FY2025$308K

From the FY2022 Form 990 · figures checked against the IRS filing · 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 Dec 2007.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $396K Management & general 42% · $285K

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

1 person listed on the 990; $165K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$165,000Pt VII · Sec A

Alex Babayev’s $190K as President is at the 81st percentile of top reported officer pay among 3924 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alex Babayev$190,000$330,000$320,000$165,000$120,000$120,000

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

Connects music students internationally through exchange programs.

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Provided by the organization

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3 programs · $681K · in their own filed words · FY2022
01

International competition conducted annually at carnegie hall and

$362Kprogram expense
02

Little mozart concert-an annual music program open to beginning and

$178Kprogram expense
03

Student exchange program for visiting and learning music instruments

$141Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$692K
Ln 12
Fees for servicesLn 2g$692K
Money outPt IX
$681K
Ln 25
Programscol B$396K
Managementcol C$285K
Owns and owesPt X
$202K
net assets · Ln 32
Cash and savingsLn 1–2$538K
Total assetsLn 16$538K
LiabilitiesLn 26$335K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$692K
Total revenueLn 12$692K
Assets in detailPt X, end of year
CashLn 1$538K
Cash and savings togetherLn 1–2$538K
Total assetsLn 16$538K
LiabilitiesLn 26$335K
Net assetsLn 32$202K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$195K$538K
Total assetsLn 16$195K$538K
LiabilitiesLn 26$4K$335K
Net assetsLn 32$191K$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$165K$165K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$70K$70K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$26K$26K
OccupancyLn 16$194K$194K
TravelLn 17$4K$4K
Other expenses (24a–d)Ln 24$202K$202K
Total functional expensesLn 25$681K$396K$285K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$1.3M$75K$308K 990 PDF
FY2024 $1.1M$1.1M$6K$233K 990 PDF
FY2023 $1.2M$1.1M$24K$226K 990 PDF
FY2022 Viewing $692K$681K$11K$202K 990 PDF
FY2021 $347K$416K−$69K$126K 990 PDF
FY2020 $543K$560K−$17K$196K 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 $691,511 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $411,431$691,511
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $411,431$691,511
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $130,405$177,842
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $285,681$502,661
I-18 Total expensesPrior year $416,086$680,503
I-19 Revenue less expensesPrior year −$4,655$11,008
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $691,511 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $691,511$691,511
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $691,511$691,511
Part IX · Statement of functional expenses $680,503 across 8 lines filed
IX-6 Pay of disqualified personsManagement $165,000$165,000
IX-10 Payroll taxesManagement $12,842$12,842
IX-11a Management feesManagement $69,869$69,869
IX-11c Accounting feesManagement $7,200$7,200
IX-13 Office expensesManagement $25,905$25,905
IX-16 OccupancyPrograms $193,658$193,658
IX-17 TravelManagement $3,914$3,914
IX-24 Other expenses (24a–d)Programs $202,115$202,115
IX-25 Total functional expensesPrograms $395,773 · Management $284,730 · Fundraising $0$680,503
Part X · Balance sheet $537,554 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $195,037$537,554
X-16 Total assetsStart of year $195,037$537,554
X-17 Accounts payable and accrued expensesStart of year $3,944$26,115
X-19 Deferred revenue$309,338
X-26 Total liabilitiesStart of year $3,944$335,453
X-32 Total net assets or fund balancesStart of year $191,093$202,101
X-33 Total liabilities and net assetsStart of year $195,037$537,554
Part XI · Reconciliation of net assets $202,101 net assets at year end
XI-1 Total revenue$691,511
XI-2 Total expenses$680,503
XI-3 Revenue less expenses$11,008
XI-4 Net assets at start of year$191,093
XI-10 Net assets at end of year$202,101

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

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