Volti EIN 94-2699509

Volti FY2023 filing

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Discover, create, and perform new vocal music, showcasing contemporary American and global composers. For fiscal year 2023 it reported $294K in revenue, $261K in expenses, and $213K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
San Francisco, CA
Website
www.voltisf.org
Filings
5 on file (2020–2023)
Revenue
$294KFY2023
Expenses
$261K
Net assets
$213K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-2699509 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2023 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 J Collier · President & CEO
Money in and out
$294K revenue, $261K expenses
Bottom line
75% program efficiency
Where the money goes · FY2023
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $33K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program efficiency
75%
of spending reaches programs
Operating runway
10.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$294K
FY2023▲ +39%
Expenses
$261K
FY2023▲ +48%
Total assets
$238K
FY2023▲ +16%
Total liabilities
$25K
FY20230%
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$33K
Total assetsPt X · Ln 16$238K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $183K of program spending, described in the organization's own filed words · FY2022.
01

Concerts

Voltis 44th season included self-produced concerts in November 2022 presenting premieres of Ochre by Caroline Shaw and Ink by Pamela Z, and concerts in May 2023 presenting contemporary music by Marcos Balter, Yu-Hui Chang, LJ White, Emily Ko, and Mark Winges.

$91Kprogram expense
02

Other (contract Work for Composers, Festivals and Presenters)

Reading of new works by composer Gordon Getty in December 2022. Performance at Festival Napa Valley in July 2023, premiere of Lena Auerbachs Symphony #6, Vessels of Light, plus works by Getty.

$66Kprogram expense
03

Other (collaborations with Other Arts Organizations)

Collaboration with choreographer KT Nelson and ODC/Dance, reprising Path of Miracles performances in Grace Cathdral, San Francisco, in February 2023.

$26Kprogram 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 1a6
Independent voting membersPt VI · Ln 1b6
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 (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Treasurer & CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$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$179K · 61%
Program service revenue$113K · 38%
Other revenue$2K · 1%
Contributions & grants61%$179K
Program service revenue38%$113K
Other revenue1%$2K
Investment income$21
— government grantsLn 1e$74K
Total revenueLn 12$294K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program services75%$197K
Management & general24%$62K
Fundraising1%$3K
Total functional expensesLn 25$261K

Balance Sheet

Part X · end of year
CashLn 1$231K
Total assetsLn 16$238K
Total liabilitiesLn 26$25K
Total net assetsLn 32$213K
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $231K · Operating expenses (Pt IX) $261K · Less non-cash grants $317 · Cash operating expenses/yr $261K
10.6 months
Where the money goes
Program services
Program services $197K · Total expenses $261K
75%
Management & General
Management & general $62K · Total expenses $261K
24%
Fundraising
Fundraising $3K · Total expenses $261K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $93K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $179K · Total revenue $294K
61%
Government reliance
Government grants $74K · Total revenue $294K
25%
Earned-income share
Program service revenue $113K · Total revenue $294K
38%
Investment reliance
Investment income $21 · Total revenue $294K
<0.01%
Program self-sufficiency
Program service revenue $113K · Total expenses $261K
43%
Growth & trend
Revenue growth (YoY)
This year $294K · Prior year $212K
+39%
Net-asset trend (YoY)
End of year $213K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $294K · Expenses $261K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $238K
Net-asset ratio
Net assets $213K · Total assets $238K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $238K
0%
People & payroll
Highest Reported Total Compensation
Individual Richard J Collier · Reported title President & CEO · Highest reported compensation $0 · Total expenses $261K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $261K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 24%
Fundraising cost ratio 2%
Revenue growth 39%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1.0%
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 · 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 · viewing · ⤓ 990 PDF
FY2022$212K revenue · ⤓ 990 PDF
FY2021$126K revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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