Valley Music Academy
- Assets
- $32.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waynesboro, VA
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 54-2025583
Organization Overview
Valley Music Academy is located in Waynesboro, VA. The organization was established in 2001. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Music Academy 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, Valley Music Academy generated $128.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $134.0k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDEDMUSICEDUCATIONTHROUGHMUSIKGARTEN,VOICE,ANDPRIVATESTUDIOANDGROUPINSTRUMENTALINSTRUCTIONTO150STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Lemasney Board Vice-Chairperson | 4 | $0 | |
Sara Brumfield Board Chairperson | 4 | $0 | |
Matt Castline Secretary | 4 | $0 | |
Andrew Green Treasurer | 4 | $0 | |
Cindy Chiarello Board Member | 4 | $0 | |
Rita Gatlin Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,987 |
| Total Program Service Revenue | $112,081 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$50 |
| Other Revenue | $195 |
| Total Revenue | $128,213 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,838 |
| Professional fees and other payments to independent contractors | $88,245 |
| Occupancy, rent, utilities, and maintenance | $5,570 |
| Printing, publications, postage, and shipping | $311 |
| Other expenses | $8,051 |
| Total expenses | $134,015 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,608 |
| Other assets | $0 |
| Total assets | $32,608 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,608 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Music Academy has recieved totaling $319.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $319 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Indian Creek School Incorporated Crownsville, MD | $30,010,402 | $16,596,425 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
Head Start Of Washington County Inc Hagerstown, MD | $4,452,901 | $7,265,317 |
Salisbury School Inc Salisbury, MD | $6,313,539 | $5,796,453 |
Niswonger Foundation Greeneville, TN | $22,434,674 | $9,108,493 |