Volti EIN 94-2699509

Volti FY2021 filing

EIN  94-2699509 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Discover, create, and perform new vocal music, showcasing contemporary American and global composers.
Leadership
Richard Collier · President
Money in and out
$126K revenue, $126K expenses
Bottom line
54% program efficiency

Discover, create, and perform new vocal music, showcasing contemporary American and global composers. For fiscal year 2021 it reported $126K in revenue, $126K in expenses, and $145K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$145K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $0
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.44 Fundraising $0.02
Program efficiency
54%
of spending reaches programs
Operating runway
18.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$126K
FY2021▼ -37%
Expenses
$126K
FY2021▼ -30%
Total assets
$197K
FY2021▲ +2%
Total liabilities
$52K
FY2021▲ +8%
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$145K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$0
Total assetsPt X · Ln 16$197K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $68K of program spending, described in the organization's own filed words · FY2020.
01

During the pandemic shutdown, Volti presented four online mini-concerts, entirely rehearsed and performed remotely.

$61Kprogram expense
02

Contract Work

Concerts for which volti is hired by another performing company or presenter to perform for a fee.

$6Kprogram expense
03

During the pandemic shutdown, Volti could not hold its usual educational programs. We were able to send teaching artists to school music programs via Zoom on a few isolated occasions.

$290program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVolti
EINHdr · item D94-2699509
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.voltisf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1981

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Volti executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$108K · 86%
Program service revenue$16K · 13%
Other revenue$1K · 1%
Contributions & grants86%$108K
Program service revenue13%$16K
Other revenue1%$1K
Investment income$170
— government grantsLn 1e$32K
Total revenueLn 12$126K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.44 Fundraising $0.02
Program services54%$68K
Management & general44%$56K
Fundraising2%$2K
Total functional expensesLn 25$126K

Balance Sheet

Part X · end of year
CashLn 1$190K
Total assetsLn 16$197K
Total liabilitiesLn 26$52K
Total net assetsLn 32$145K
Months of cash on handcomputed18.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $190K · Operating expenses/yr $126K
18.1 months
Where the money goes
Program services
Program services $68K · Total expenses $126K
54%
Management & General
Management & general $56K · Total expenses $126K
44%
Fundraising
Fundraising $2K · Total expenses $126K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $3K · Solicited contributions (2-yr avg) $74K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $108K · Total revenue $126K
86%
Government reliance
Government grants $32K · Total revenue $126K
25%
Earned-income share
Program service revenue $16K · Total revenue $126K
13%
Investment reliance
Investment income $170 · Total revenue $126K
0%
Program self-sufficiency
Program service revenue $16K · Total expenses $126K
13%
Growth & trend
Revenue growth (YoY)
This year $126K · Prior year $200K
-37%
Net-asset trend (YoY)
End of year $145K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $126K · Expenses $126K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $197K
Net-asset ratio
Net assets $145K · Total assets $197K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $197K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Collier · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $126K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $126K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 44%
Fundraising cost ratio 2%
Revenue growth -37%
Accounting 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 · FY2024
See all 5 funders →

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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
FY2024 (Latest)$267K revenue · ⤓ 990 PDF
FY2023$294K revenue · ⤓ 990 PDF
FY2022$212K revenue · ⤓ 990 PDF
FY2021$126K revenue · viewing · ⤓ 990 PDF
FY2020$200K 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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