Yocum Institute For Arts Education Inc
- Assets
- $15.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 91
- Location
- West Lawn, PA
- Founding
- 09/1941
- Data as of
- 06/2022
- EIN
- 23-1365985
Organization Overview
Yocum Institute For Arts Education Inc is located in West Lawn, PA. The organization was established in 1941. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Yocum Institute For Arts Education Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yocum Institute For Arts Education 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, Yocum Institute For Arts Education Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 6.7% 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
ENRICH THE COMMUNITY WITH ARTS EDUCATION, CREATIVE PERFORMANCE AND INNOVATIVE PROGRAMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ON-SITE INSTRUCTION IN MUSIC, VISUAL ARTS, THEATRE, DANCE, MARTIAL ARTS, AND THE ARTS-BASED PRESCHOOL/KINDERGARTEN PROGRAMS, MORE THAN 800 STUDENTS OF ALL AGES ARE SERVED. APPROXIMATELY 80% OF OUR STUDENTS ARE UNDER THE AGE OF 18. ADDITIONALLY, PRODUCTIONS, EXHIBITS, CONCERTS AND OUTREACH PROGRAMS WITH PUBLIC AND PRIVATE SCHOOLS, LIBRARIES AND OTHER NONPROFITS IMPACT THE LIVES OF OVER 25,000 PEOPLE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Rohn Executive Director | Officer | 40 | $69,533 |
Susan Denaro ESQ President | OfficerTrustee | 1 | $0 |
Jennifer Pakradooni Past President | OfficerTrustee | 1 | $0 |
Rick Stoudt Vice President | OfficerTrustee | 1 | $0 |
Benjamin Delp Watts Co-Secretary Through May | OfficerTrustee | 1 | $0 |
Heather Alexander Co-Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,339 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,817 |
| Noncash contributions included in lines 1a–1f | $9,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,156 |
| Total Program Service Revenue | $1,090,070 |
| Investment income | $828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,263 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,674,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,747 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,323 |
| Compensation of current officers, directors, key employees. | $14,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,828 |
| Pension plan accruals and contributions | $6,770 |
| Other employee benefits | $3,673 |
| Payroll taxes | $62,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,554 |
| Office expenses | $23,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,543 |
| Travel | $2,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,824 |
| Insurance | $26,361 |
| All other expenses | $109,033 |
| Total functional expenses | $1,533,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,502 |
| Savings and temporary cash investments | $86,313 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $353,932 |
| 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 | $12,857 |
| Net Land, buildings, and equipment | $4,887,821 |
| Investments—publicly traded securities | $71,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,571,313 |
| Total assets | $15,531,722 |
| Accounts payable and accrued expenses | $59,682 |
| Grants payable | $0 |
| Deferred revenue | $121,537 |
| 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 | $948,431 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,129,650 |
| Net assets without donor restrictions | $4,783,759 |
| Net assets with donor restrictions | $9,618,313 |
| 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 | $15,531,722 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Yocum Institute For Arts Education Inc has recieved totaling $288,108.
| Awarding Organization | Amount |
|---|---|
Yocum Family Perpetual Charitable Tr Wilmington, DE PURPOSE: General Purposes, Without Restriction | $262,008 |
Wyomissing Foundation Inc Wyomissing, PA PURPOSE: COMMUNITY GRANT | $15,000 |
Reading Musical Foundation Reading, PA PURPOSE: RESTRICTED GRANT FOR MUSIC PRODUCTION EXPENSES | $5,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,100 |
Blue Mountain Foundation Wyomissing, PA PURPOSE: GENERAL PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |