Vermont Youth Orchestra Association Inc
- Assets
- $1.9m
- Revenue
- $839.5k
- Investments
- $0.0
- Employees
- 26
- Location
- Colchester, VT
- Founding
- 04/1964
- Data as of
- 06/2021
- EIN
- 03-6011271
Organization Overview
Vermont Youth Orchestra Association Inc is located in Colchester, VT. The organization was established in 1964. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Vermont Youth Orchestra Association Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Youth Orchestra Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Vermont Youth Orchestra Association Inc generated $839.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $723.7k during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VERMONT YOUTH ORCHESTRA ASSOCIATION ("VYOA") IS A COMMUNITY THAT TRANSFORMS YOUNG PEOPLE'S LIVES THROUGH MUSIC BY FOSTERING A CULTURE WHERE MUSICIANS REALIZE THEIR ARTISTIC POTENTIAL, FORM LIFELONG FRIENDSHIPS, AND STRIVE FOR MUSICAL EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH & TRAINING ORCHESTRAS - NEARLY 300 YOUTH MEMBERS, SCHOOL CONCERTS, OPEN REHEARSALS, ENSEMBLE PERFORMANCES, AND PUBLIC CONCERTS.
MUSIC CAMPS AND CLASSES - SUMMER DAY CAMPS, AFTER-SCHOOL PROGRAMS, INSTRUMENT LESSONS, AND SCHOOL-DAY AND OTHER EDUCATIONAL TOURS AND ACTIVITIES.
INFORMATIONAL AND OTHER SERVICES - MUSIC TEACHER DIRECTORY, INSTRUMENT RENTAL AND EXCHANGE, GENERAL REFERRAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosina Cannizzaro Executive Director | Officer | 40 | $66,002 |
David Webster Treasurer | OfficerTrustee | 1 | $0 |
Renee Stapleton Vice Chair | OfficerTrustee | 1 | $0 |
Mandy Koskinen Secretary (term Ended June 2021) | OfficerTrustee | 1 | $0 |
Lisa Shelkrot Chair | OfficerTrustee | 1 | $0 |
Bruce Wyatt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,350 |
| Related organizations | $0 |
| Government grants | $161,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,313 |
| Total Program Service Revenue | $313,106 |
| Investment income | $12,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,180 |
| Net Gain/Loss on Asset Sales | $44,538 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $839,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,112 |
| Compensation of current officers, directors, key employees. | $21,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,019 |
| Pension plan accruals and contributions | $3,394 |
| Other employee benefits | $40,478 |
| Payroll taxes | $30,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,387 |
| Fees for services: Other | $26,744 |
| Advertising and promotion | $1,335 |
| Office expenses | $8,003 |
| Information technology | $22,415 |
| Royalties | $0 |
| Occupancy | $99,794 |
| Travel | $2,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,560 |
| Interest | $120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,812 |
| Insurance | $21,981 |
| All other expenses | $0 |
| Total functional expenses | $723,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,551 |
| Net Land, buildings, and equipment | $1,104,025 |
| Investments—publicly traded securities | $659,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,940,627 |
| Accounts payable and accrued expenses | $25,904 |
| Grants payable | $0 |
| Deferred revenue | $38,023 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,717 |
| Total liabilities | $137,644 |
| Net assets without donor restrictions | $1,178,247 |
| Net assets with donor restrictions | $624,736 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,940,627 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Vermont Youth Orchestra Association Inc has recieved totaling $150,720.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $45,640 |
Amy E Tarrant Foundation Inc Ocala, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,031 |
The@marier Cunningham Foundation Burlington, VT PURPOSE: EDUCATION | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $15,000 |
George W Mergens Foundation Milton, VT PURPOSE: GENERAL OPERATINGSUPPORT | $12,000 |
Endowment Analysis
| Beg. Balance | $374,612 |
| Earnings | $701 |
| Net Contributions | $6,941 |
| Ending Balance | $382,254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Vermont Symphony Orchestra Inc Burlington, VT | $6,301,057 | $2,290,759 |
Empire State Youth Orchestra Scotia, NY | $2,045,485 | $1,515,051 |
New Bedford Symphony Orchestra Association Inc New Bedford, MA | $4,865,407 | $2,823,621 |