Producers Inc
- Assets
- $336.5k
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1982
- Data as of
- 06/2022
- 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 06/2022, Producers Inc generated $54.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $153.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Producers Inc has awarded 40 individual grants totaling $489,145. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE STUDENT EXPERIENCE AT YOUTH PERFORMING ARTS SCHOOL BY PROVIDING SUBSTANTIAL PROGRAMMATIC AND MATERIAL SUPPORT FOR CLASSROOM LEARNING AND PRODUCTION EXPENSES THAT ARE NOT INCLUDED IN THE SCHOOLS BUDGET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO GRADUATING STUDENTS FROM YPAS INTERESTED IN PURSUING THE ARTS THROUGH TRADITIONAL AND NON-TRADITIONAL ROUTES. A BONUS USD 500 SCHOLARSHIP IS AWARDED TO THE STUDENT SCORING THE HIGHEST DURING THE FULL INTERVIEW AND APPLICATION
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 R
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 P
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Stalker Executive Director | Trustee | 3 | $13,110 |
Philip Martin President | 3 | $0 | |
Sarah Dewberry Secretary | 3 | $0 | |
Mike Schmidt Treasurer | 3 | $0 | |
Angie Tobias Communications Chair | 3 | $0 | |
Kim Haddox Hospitality Chair | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,122 |
| Fundraising events | $23,291 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,003 |
| Total Program Service Revenue | $0 |
| Investment income | $10,707 |
| 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 | $54,696 |
| 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. | $13,110 |
| 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 | $2,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,704 |
| Advertising and promotion | $0 |
| Office expenses | $141 |
| 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 | $1,290 |
| Insurance | $1,518 |
| All other expenses | $33,658 |
| Total functional expenses | $153,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,019 |
| Savings and temporary cash investments | $102,434 |
| 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 | $25,602 |
| Investments—publicly traded securities | $197,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,465 |
| 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 | $0 |
| 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 | $336,465 |
| Total liabilities and net assets/fund balances | $336,465 |
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 - BAND PURPOSE: ACCOMPANIST | $745 |
YOUTH PERFORMING ARTS SCHOOL - DANCE PURPOSE: TEACHERS, PROPS, AND COSTUMES | $600 |
YOUTH PERFORMING ARTS SCHOOL - GUITAR PURPOSE: DEPARTMENTAL FUNDING AND FESTIVALS | $1,700 |
YOUTH PERFORMING ARTS SCHOOL - MUSICAL THEATER PURPOSE: GUEST ARTISTS, MASTER CLASSES | $1,200 |
YOUTH PERFORMING ARTS SCHOOL - THEATRE PURPOSE: DEPARTMENTAL FUNDING, PROFESSIONAL DEVELOPMENT | $1,267 |
YOUTH PERFORMING ARTS SCHOOL - VOCAL PURPOSE: DEPARTMENTAL FUNDING, CONCERT RECORDING | $420 |