Vermont Youth Orchestra Association Inc
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Colchester, VT
- Founding
- 04/1964
- Data as of
- 06/2022
- 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 06/2022, Vermont Youth Orchestra Association Inc employed 14 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 06/2022, Vermont Youth Orchestra Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $763.3k during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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
2022
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 AND 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.
INFORMATION 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 |
|---|---|---|---|
Lisa Shelkrot Chair | OfficerTrustee | 1 | $0 |
Renee Stapleton Vice Chair | OfficerTrustee | 1 | $0 |
David Webster Treasurer | OfficerTrustee | 1 | $0 |
Bruce Wyatt Secretary | OfficerTrustee | 1 | $0 |
Teresa Bazan Director | Trustee | 1 | $0 |
Niels Huisman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,814 |
| Related organizations | $0 |
| Government grants | $83,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $487,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,753 |
| Total Program Service Revenue | $367,303 |
| Investment income | $6,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,085 |
| Net Gain/Loss on Asset Sales | $142,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,149,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,212 |
| Compensation of current officers, directors, key employees. | $21,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,975 |
| Pension plan accruals and contributions | $5,103 |
| Other employee benefits | $26,917 |
| Payroll taxes | $26,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,933 |
| Office expenses | $2,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,324 |
| Insurance | $0 |
| All other expenses | $67,089 |
| Total functional expenses | $763,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $5,100 |
| 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 | $28,056 |
| Net Land, buildings, and equipment | $1,037,701 |
| Investments—publicly traded securities | $568,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,976,106 |
| Accounts payable and accrued expenses | $26,325 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| 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 | $0 |
| Total liabilities | $26,725 |
| Net assets without donor restrictions | $1,209,093 |
| Net assets with donor restrictions | $740,288 |
| 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 | $1,976,106 |