Producers Inc
- Assets
- $469.5k
- Revenue
- $32.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1982
- Data as of
- 06/2021
- EIN
- 31-1027597
Organization Overview
Producers Inc is located in Louisville, KY. The organization was established in 1982. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, 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. Producers 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, Producers Inc generated $32.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $68.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Producers Inc has awarded 39 individual grants totaling $462,064. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE YPAS EXPERIENCE BY PROVIDING PROGRAMMATIC AND MATERIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: SCHOLARSHIPS ARE AWARDED TO GRADUATING STUDENTS FROM YPAS INTERESTED IN PERSUING THE ARTS THROUGH TRADITIONAL AND NON-TRADITIONAL ROUTES. A BONUS $500 SCHOLARSHIP IS AWARDED TO THE STUDENT SCORING THE HIGHEST DURING THE FULL INTERVIEW AND APPLICATION PROCESS AS DETERMINED BY THE SCHOLARSHIP REVIEW COMMITTEE.
DEPARTMENTAL FUNDING: WE FUND ONGOING ENRICHMENT OF YPAS STUDENTS IN EACH OF THE 9 DEPARTMENTS, INCLUDING SPECIALIZED COACHES/INSTRUCTORS, MASTER CLASSES, ACCOMPANISTS (FOR REHEARSALS, PERFORMANCES, AND AUDITIONS), SOFTWARE USED BY MUSICIANS, VOCAL MAJORS, AND OTHERS TO RECORD AND IMPROVE THEIR PERFORMANCE, INSTRUMENTS AND MUSIC/SCRIPT MATERIALS, VIP NIGHTS AT OUR MAIN STAGE SHOWS, AND OTHER SPECIAL REQUESTS AS NEEDED.
STUDENT SERVICES AND OTHER PROGRAMS: WE COORDINATE AND PROVIDE FUNDING FOR STUDENT AND OTHER SERVICES INCLUDING CAREER DAY WHERE COLLEGE REPRESENTATIVES PRESENT THEIR PROGRAMS TO THE SENIORS TO ASSIST THEM IN MAKING COLLEGE CHOICES; AN ORIENTATION POTLUCK MEAL FOR NEW AND CURRENT FAMILIES TO INFORM THEM OF PROGRAMS AND OPPORTUNITIES; SENIOR NIGHT; VARIOUS ACCOMPANISTS AND INSTRUCTORS; PIANO MAINTENANCE; AND TEACHER APPRECIATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Martin President | OfficerTrustee | 3 | $0 |
Kelly Dauk VP Membership | OfficerTrustee | 1 | $0 |
Sheldon Haden Co-Vp Fundraising | OfficerTrustee | 1 | $0 |
Jennifer Peterson Co-Vp Fundraising | OfficerTrustee | 1 | $0 |
Sarah Dewberry Secretary | OfficerTrustee | 1 | $0 |
Anitra Durand Allen Scholarship Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,572 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,187 |
| Total Program Service Revenue | $0 |
| Investment income | $6,641 |
| 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 | $2,932 |
| Net Income from Sales of Inventory | $1,459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,932 |
| Grants and other assistance to domestic individuals. | $32,000 |
| 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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $4,482 |
| Insurance | $1,426 |
| All other expenses | $418 |
| Total functional expenses | $68,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,621 |
| 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 | $26,892 |
| Investments—publicly traded securities | $416,959 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,472 |
| 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 | $469,472 |
| 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 | $469,472 |
Grants Awarded
Over the last fiscal year, Producers Inc has awarded $5,932 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH PERFORMING ARTS SCHOOL - GUITAR PURPOSE: DEPARTMENTAL FUNDING AND FESTIVALS | $1,700 |
YOUTH PERFORMING ARTS SCHOOL - THEATRE PURPOSE: DEPARTMENTAL FUNDING, PROFESSIONAL DEVELOPMENT | $1,267 |
YOUTH PERFORMING ARTS SCHOOL - MUSICAL THEATER PURPOSE: GUEST ARTISTS, MASTER CLASSES | $1,200 |
YOUTH PERFORMING ARTS SCHOOL - BAND PURPOSE: ACCOMPANIST | $745 |
YOUTH PERFORMING ARTS SCHOOL - DANCE PURPOSE: TEACHERS, PROPS, AND COSTUMES | $600 |
YOUTH PERFORMING ARTS SCHOOL - VOCAL PURPOSE: DEPARTMENTAL FUNDING, CONCERT RECORDING | $420 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Producers Inc has recieved totaling $443.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merit School Of Music Chicago, IL | $32,406,157 | $6,571,408 |
National Association For Music Education Reston, VA | $9,057,318 | $6,884,178 |
Cleveland Music School Settlement Cleveland, OH | $23,962,029 | $4,711,711 |
United States Eventing Association Leesburg, VA | $3,606,586 | $4,712,475 |
Peoples Music School Inc Chicago, IL | $5,536,992 | $3,227,151 |
The Patrick G and Shirley W Ryan Opera Center Chicago, IL | $0 | $2,321,702 |
School Of The Performing Arts In The Richmond Community Sparc Richmond, VA | $4,988,298 | $2,911,343 |
American String Teachers Association Incorporated Fairfax, VA | $1,824,284 | $1,512,044 |
Heifetz International Music Institute Inc Staunton, VA | $536,696 | $1,780,872 |
Cleveland Center For Arts And Technology Cleveland, OH | $1,152,482 | $1,467,063 |
Ohio Music Education Association Medina, OH | $1,669,334 | $1,339,352 |
Kentucky Music Educators Assn Inc Richmond, KY | $990,506 | $1,002,541 |