Carolina Youth Symphony
- Assets
- $665.7k
- Revenue
- $208.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Greenville, SC
- Founding
- 03/1977
- Data as of
- 06/2021
- EIN
- 57-0638017
Organization Overview
Carolina Youth Symphony is located in Greenville, SC. The organization was established in 1977. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Carolina Youth Symphony employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Youth Symphony 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, Carolina Youth Symphony generated $208.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $136.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.8%) 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
CAROLINA YOUTH SYMPHONY PROVIDES PROFESSIONAL TRAINING TO YOUNG STUDENTS AND GIVES THESE STUDENTS THE OPPORTUNITY TO PERFORM SEVERAL PUBLIC CONCERTS THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA YOUTH SYMPHONY PROVIDES PROFESSIONAL TRAINING TO YOUNG STUDENTS AND GIVES THESE STUDENTS THE OPPORTUNITY TO PERFORM SEVERAL PUBLIC CONCERTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Elmore Executive Dir. | OfficerTrustee | 35 | $27,568 |
Wade Kolb III President | OfficerTrustee | 0 | $0 |
Kyley Miller Director | OfficerTrustee | 0 | $0 |
Pete Tiffany Treasurer | OfficerTrustee | 0 | $0 |
Susan Robbins Vice President | OfficerTrustee | 0 | $0 |
Fred Wernsing Director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,897 |
| Total Program Service Revenue | $73,803 |
| Investment income | $37,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,013 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,054 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,525 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,568 |
| Compensation of current officers, directors, key employees. | $1,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,304 |
| Advertising and promotion | $877 |
| Office expenses | $1,976 |
| Information technology | $1,881 |
| Royalties | $0 |
| Occupancy | $4,767 |
| 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 | $0 |
| Insurance | $936 |
| All other expenses | $408 |
| Total functional expenses | $136,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,242 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,632 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $582,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $665,746 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $665,746 |
| 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 | $665,746 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carolina Youth Symphony has recieved totaling $486.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $386 |
The Maddrey Foundation Greenville, SC PURPOSE: TO SUPPORT GENERAL OPERATIONS OF THE ORGANIZATION | $100 |
Endowment Analysis
| Beg. Balance | $483,026 |
| Earnings | $104,474 |
| Admin Expense | $4,629 |
| Other Expense | $25,901 |
| Ending Balance | $556,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Symphony Society Inc Raleigh, NC | $32,524,457 | $22,246,893 |
Charlotte Symphony Orchestra Society Inc Charlotte, NC | $18,656,267 | $14,331,249 |
Greensboro Symphony Orchestra Incorporated Greensboro, NC | $1,104,196 | $3,569,093 |
Winston Salem Symphony Assoc Winstonsalem, NC | $6,175,789 | $3,471,563 |
Charleston Symphony Orchestra Charleston, SC | $3,900,208 | $3,884,009 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Greenville Symphony Association Greenville, SC | $3,125,608 | $3,582,952 |
Hilton Head Symphony Orchestra Inc Hilton Head Island, SC | $1,962,762 | $2,950,253 |
Savannah Philharmonic Corporation Savannah, GA | $547,898 | $1,404,691 |
Asheville Symphony Society Inc Asheville, NC | $1,814,392 | $759,124 |
South Carolina Philharmonic Inc Columbia, SC | $1,390,921 | $1,099,021 |
Columbus Philharmonic Guild Inc Columbus, GA | $3,695,850 | $882,013 |