Omaha Area Youth Orchestra Inc
- Assets
- $255.0k
- Revenue
- $285.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Omaha, NE
- Founding
- 02/1979
- Data as of
- 06/2021
- EIN
- 47-0609748
Organization Overview
Omaha Area Youth Orchestra Inc is located in Omaha, NE. The organization was established in 1979. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Omaha Area Youth Orchestra Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Area Youth Orchestra 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, Omaha Area Youth Orchestra Inc generated $285.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $197.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSICAL EDUCATION AND TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL EDUCATION AND TRAINING FOR 500 YOUTH IN SEVEN ENSEMBLES AND CHAMBER GROUPS, INCLUDING CONCERTS, REHEARSALS, COACHING, RETREATS AND AUDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Zimmerman President | OfficerTrustee | 2 | $0 |
Brett Werner Treasurer | OfficerTrustee | 2 | $0 |
Andrew Almodova Secretary | OfficerTrustee | 2 | $0 |
Nate Ruleaux Director | Trustee | 1 | $0 |
Victoria Graeve-Cunningham Director | Trustee | 1 | $0 |
Derrick Fox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,067 |
| Total Program Service Revenue | $87,774 |
| Investment income | $98 |
| 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 | $285,939 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $125,392 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,190 |
| Advertising and promotion | $0 |
| Office expenses | $4,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,510 |
| 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 | $940 |
| Insurance | $3,684 |
| All other expenses | $2,530 |
| Total functional expenses | $197,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,587 |
| 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 | $1,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,026 |
| Accounts payable and accrued expenses | $2,213 |
| 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 | $43,160 |
| Total liabilities | $45,373 |
| Net assets without donor restrictions | $209,653 |
| 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 | $255,026 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Omaha Area Youth Orchestra Inc has recieved totaling $16,250.
| Awarding Organization | Amount |
|---|---|
Peter Kiewit Foundation Omaha, NE PURPOSE: ARTSTOCK 2021: TO PROVIDE ARTSTOCK 21/22 GENERAL OPERATING SUPPORT. | $16,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trio Foundation St Louis, MO | $39,212,571 | $11,850,329 |
Legion-Aires Drum And Bugle Corps Dubuque, IA | $1,675,907 | $1,872,941 |
Ascend Performing Arts Inc Aurora, CO | $644,081 | $1,975,657 |
Troopers Drum And Bugle Corps Inc Casper, WY | $2,220,412 | $1,076,237 |
Iowa High School Music Assn Boone, IA | $289,886 | $704,627 |
Still Water Foundation Durango, CO | $395,161 | $657,315 |
Merrymakers Association Omaha, NE | $714,243 | $420,761 |
National Honor Band Association Denver, CO | $243,574 | $303,937 |
Colorado Bandmasters Association Centennial, CO | $269,939 | $344,539 |
Omaha Area Youth Orchestra Inc Omaha, NE | $255,026 | $285,939 |
We Always Swing Inc Columbia, MO | $170,223 | $207,513 |
Denver Municipal Band Denver, CO | $602,419 | $197,232 |