Lev Aronson Legacy
- Assets
- $69.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland Heights, OH
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-1991228
Organization Overview
Lev Aronson Legacy is located in Cleveland Heights, OH. The organization was established in 2013. 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. Lev Aronson Legacy 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, Lev Aronson Legacy generated $41.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $3.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (50.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MUSIC PERFORMANCE AND TEACHING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Thornton Artistic Dir | 10 | $0 | |
Ty Kim COO & Emerit | 5 | $0 | |
Myles Lee MD Director | 5 | $0 | |
Victoria Bond Director | 5 | $0 | |
Doris Ong Co-Chair | 5 | $0 | |
Mitch Maxwell Co-Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,827 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,827 |
| 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 | $3,449 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $313 |
| Total expenses | $3,762 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,796 |
| Other assets | $0 |
| Total assets | $69,796 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,796 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lev Aronson Legacy has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
The Albert B & Audrey G Ratner Family Foundation Shaker Heights, OH PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
The Albert B & Audrey G Ratner Family Foundation Shaker Heights, OH PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
The Albert B & Audrey G Ratner Family Foundation Shaker Heights, OH PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
Musicopia Inc Philadelphia, PA | $886,541 | $1,214,458 |