Indianapolis Youth Orchestra Inc
- Assets
- $293.4k
- Revenue
- $241.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 35-1555374
Organization Overview
Indianapolis Youth Orchestra Inc, operating under the name New World Youth Orchestra, is located in Indianapolis, IN. The organization was established in 1983. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, New World Youth Orchestra employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Youth Orchestra 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, New World Youth Orchestra generated $241.8k 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 (4.9%) each year. All expenses for the organization totaled $242.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
THE INDIANAPOLIS YOUTH ORCHESTRA'S MISSION IS TO DEVELOP AND NURTURE THE MUSICAL TALENT OF YOUNG PEOPLE IN INDIANAPOLIS AND CENTRAL INDIANA THROUGH QUALITY MUSIC EDUCATION AND THE REHEARSAL AND PERFORMANCE OF ORCHESTRAL MASTERWORKS BOTH TRADITIONAL AND CONTEMPORARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE MISSION IS ACCOMPLISHED THROUGH 9 MONTHS OF WEEKLY REHEARSALS CONSISTING OF APPROXIMATELY 200+ YOUNG MUSICIANS. PRESENTED 4 PUBLIC PERFORMANCES WITH THREE YOUTH ORCHESTRAS AT 3 VENUES IN CENTRAL INDIANA TO AN AUDIENCE. HELD A YOUNG ARTIST COMPETITION THROUGH WHICH ORCHESTRAL SOLOISTS WERE SELECTED THROUGH JURIED AUDITION OF COMPETITORS. PERFORMED A 20 MINUTE SEGMENT AT CARNEGIE HALL IN JUNE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Bodony Exofficio Artistic Director | OfficerTrustee | 40 | $54,500 |
Janette Brown Exofficio Executive Director | OfficerTrustee | 40 | $46,440 |
Paul Helft President | OfficerTrustee | 5 | $0 |
Tara Ascioti Secretary | OfficerTrustee | 5 | $0 |
Connie Campbell Treasurer | OfficerTrustee | 5 | $0 |
Ben Kitterman Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $159 |
| Related organizations | $0 |
| Government grants | $29,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,354 |
| Total Program Service Revenue | $142,985 |
| Investment income | $10,706 |
| 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 | $2,715 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,948 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,940 |
| Compensation of current officers, directors, key employees. | $46,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,276 |
| Fees for services: Other | $13,950 |
| Advertising and promotion | $1,150 |
| Office expenses | $2,509 |
| Information technology | $2,969 |
| Royalties | $0 |
| Occupancy | $19,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,000 |
| Insurance | $3,465 |
| All other expenses | $0 |
| Total functional expenses | $242,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,406 |
| Savings and temporary cash investments | $102,076 |
| Pledges and grants receivable | $1,781 |
| Accounts receivable, net | $35 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $601 |
| Prepaid expenses and deferred charges | $3,927 |
| Net Land, buildings, and equipment | $2,200 |
| Investments—publicly traded securities | $140,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,700 |
| Total assets | $293,445 |
| Accounts payable and accrued expenses | $5,190 |
| Grants payable | $0 |
| Deferred revenue | $679 |
| 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 | $96,277 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $102,146 |
| Net assets without donor restrictions | $190,199 |
| Net assets with donor restrictions | $1,100 |
| 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 | $293,445 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Indianapolis Youth Orchestra Inc has recieved totaling $24,480.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $19,350 |
Rock Island Refining Foundation Mesa, AZ PURPOSE: TO SUPPORT THE INDIANA SYMPHONY | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Intonation Music Workshop Chicago, IL | $400,867 | $959,526 |