Young Musicians Inc
- Assets
- $146.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, WY
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 31-1614657
Organization Overview
Young Musicians Inc is located in Evanston, WY. The organization was established in 1998. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Young Musicians 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 12/2021, Young Musicians Inc generated $97.8k 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 (8.8%) each year. All expenses for the organization totaled $39.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolee Bowen Executive Director | 35 | $11,500 | |
Shasta Wigginton Assistant Director | 5 | $2,396 | |
Eric Pasenelli President/director | 5 | $0 | |
Eppie Adams Member | 1 | $0 | |
Carole Sue Baird Member | 1 | $0 | |
Jerri Liechty Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,884 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,071 |
| Other Revenue | $0 |
| Total Revenue | $97,819 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,812 |
| Occupancy, rent, utilities, and maintenance | $10,401 |
| Printing, publications, postage, and shipping | $6,011 |
| Other expenses | $5,186 |
| Total expenses | $39,410 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,345 |
| Other assets | $0 |
| Total assets | $146,802 |
| Total liabilities | $2,221 |
| Net assets or fund balances | $144,581 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Young Musicians Inc has recieved totaling $4,216.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 2021 EVANSTON BLUEGRASS FESTIVAL | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Aspen-Snowmass Aspen, CO | $5,325,438 | $11,239,996 |
Grand Teton Music Festival Inc Jackson, WY | $21,966,338 | $8,778,128 |
Colorado Music Festival Boulder, CO | $2,219,616 | $3,012,496 |
Amp The Cause Denver, CO | $134,793 | $2,222,228 |
Strings Music Festival Steamboat Springs, CO | $9,630,765 | $2,301,723 |
Swallow Hill Music Association Denver, CO | $6,215,784 | $6,402,960 |
Youth On Record Denver, CO | $1,879,684 | $1,486,408 |
Yfc Inc Omaha, NE | $650,534 | $1,235,325 |
Parlando Incorporated Boulder, CO | $1,273,068 | $2,033,961 |
The Vail Jazz Foundation Inc Vail, CO | $1,001,642 | $1,276,123 |
Suzuki Association Of The Americas Boulder, CO | $1,674,140 | $882,329 |
Foundation Music School Inc Fort Collins, CO | $326,525 | $861,230 |