Decatur Youth Symphony Inc
- Assets
- $492.7k
- Revenue
- $131.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, AL
- Founding
- 03/2008
- Data as of
- 07/2022
- EIN
- 26-1460648
Organization Overview
Decatur Youth Symphony Inc is located in Decatur, AL. The organization was established in 2008. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur Youth Symphony 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 07/2022, Decatur Youth Symphony Inc generated $131.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $131.1k during the year ending 07/2022. While expenses have increased by 6.2% 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
PROMOTE MUSIC TO AREA YOUTH WITH AN EMPHASIS ON POVERTY LEVEL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC PROGRAM FOR LOCAL SCHOOL CHILDREN.
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cooper Vice Preside | OfficerTrustee | $0 | |
Emily Davis Executive Di | OfficerTrustee | 0.35 | $0 |
Richard Mccann Presdient | OfficerTrustee | 0.35 | $0 |
Stevi Price 2nd Vice Pre | OfficerTrustee | $0 | |
Sarah Smith Co-Treasurer | OfficerTrustee | $0 | |
Emily Reischman Treasurer | OfficerTrustee | 0.35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,285 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,967 |
| Total Program Service Revenue | $25,816 |
| Investment income | $10,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,158 |
| Fees for services: Other | $98,897 |
| Advertising and promotion | $1,443 |
| Office expenses | $1,215 |
| Information technology | $900 |
| Royalties | $0 |
| Occupancy | $120 |
| Travel | $2,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,924 |
| All other expenses | $0 |
| Total functional expenses | $131,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,568 |
| Savings and temporary cash investments | $57,095 |
| 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 | $0 |
| Investments—publicly traded securities | $418,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $492,713 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $491,997 |
| Net assets with donor restrictions | $716 |
| 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 | $492,713 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Decatur Youth Symphony Inc has recieved totaling $12,054.
| Awarding Organization | Amount |
|---|---|
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $10,000 |
Baker Foundation Decatur, AL PURPOSE: CHARITABLE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
Jacksonville Symphony Association Jacksonville, FL | $14,561,376 | $11,991,040 |
Florida Orchestra Inc St Petersburg, FL | $17,821,899 | $8,292,788 |
Florida West Coast Symphony Inc Sarasota, FL | $33,277,421 | $26,320,822 |
The Orlando Philharmonic Orchestra Inc Orlando, FL | $6,944,219 | $4,632,792 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Alabama Symphonic Association Inc Birmingham, AL | $2,772,905 | $5,743,069 |
The Palm Beach Symphony Society Inc West Palm Beach, FL | $3,120,506 | $3,215,175 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |