Young Artists Conservatory Of Music
- Assets
- $327.7k
- Revenue
- $410.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Vacaville, CA
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-2734913
Organization Overview
Young Artists Conservatory Of Music, operating under the name Young Artists Conservatory of Music, is located in Vacaville, CA. The organization was established in 2007. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Young Artists Conservatory of Music employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Artists Conservatory of Music 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 12/2022, Young Artists Conservatory of Music generated $410.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $412.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 3 years. 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 YOUNG ARTIST CONSERVATORY OF MUSIC IS DEDICATED TO EXCELLENCE IN PEDAGOGIC MUSICAL INSTRUCTION BY PROMOTING A 'POTENTIAL-ACHIEVING" ENVIRONMENT. THE CONSERVATORY IS COMMITTED TO FURTHERING MUSICAL AND THEATRE ARTS EDUCATION WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG ARTISTS CONSERVATORY OF MUSIC YACM PROVIDES FULL SERVICE MUSIC EDUCATION FOR APPROXIMATELY 180 ANNUAL ENROLLED STUDENTS AGES 4 TO ADULT. STUDENTS ATTEND VARIOUS INSTRUMENTAL AND VOCAL PRIVATE SEMI-PRIVATE GROUP MUSIC LESSONS AND REHEARSE IN. THE CONSERVATORY PRODUCES APPROXIMATELY 20 ANNUAL MUSIC CONCERTS THROUGHOUT THE YEAR IN VARIOUS COMMUNITY THEATRES AND VENUES PROVIDING STUDENTS WITH PERFORMANCE TRAINING AND COLLABORATIVE ARTS EXPERIENCES WHICH ENHANCE COMMUNITY AWARENESS AND APPRECIATION FOR MUSICAL ARTS FOR APPROXIMATELY 7000 ANNUAL AUDIENCE MEMBERS.
YACM ENROLLS STUDENTS IN THEATRE EDUCATION UNDER THE DIVISION NAME OF SOLANO YOUTH THEATRE SYT. SYT STUDENTS REHEARSE FOR PRODUCTIONS EACH YEAR DIVIDED BETWEEN 2 SEASONS OF CHILDREN'S THEATRE. MUSIC STUDENTS ALSO REHEARSE TO ACCOMPANY THE MUSICALS AS PART OF THE PIT ORCHESTRA WHEN NOT IMPACTED BY COVID-19 SAFETY PROTOCOLS. REVENUES ARE RECEIVED IN THE FORM OF REGISTRATION AND TUITION PAYMENTS GRANTS FUNDRAISING AND TICKET SALES OF THEATRE PRODUCTIONS. EXPENSES ARE COSTS ASSOCIATED WITH THE PROGRAM INCLUDING EMPLOYEE SALARIES OF THE PROGRAM DIRECTOR AND SUPPORT STAFF.
THE PROGRAM OF "MUSIC MATTERS" BRINGS MUSIC TO SCHOOLS THROUGHOUT VALLEJO AND FAIRFIELD UNIFIED SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Cook Executive Director And Former Brd Director | Officer | 60 | $42,000 |
Kevin Phillips President Of Bod | Trustee | 20 | $0 |
Jason Marcus Secretary Of Bod | Trustee | 2 | $0 |
Ivan Jones Treasurer Of Bod | Trustee | 2 | $0 |
Christine Brockman Director | Trustee | 5 | $0 |
Matthew Thomas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,550 |
| Fundraising events | $9 |
| Related organizations | $0 |
| Government grants | $83,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,486 |
| Total Program Service Revenue | $263,881 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,709 |
| Advertising and promotion | $30,777 |
| Office expenses | $32,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,261 |
| Travel | $57 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,669 |
| All other expenses | $0 |
| Total functional expenses | $412,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,715 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $216,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,695 |
| Total assets | $327,734 |
| Accounts payable and accrued expenses | $13,223 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $45,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $132,994 |
| Other liabilities | $0 |
| Total liabilities | $191,217 |
| Net assets without donor restrictions | $136,517 |
| Net assets with donor restrictions | $0 |
| 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 | $327,734 |