Louisville Youth Orchestra
- Assets
- $544.2k
- Revenue
- $281.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/1962
- Data as of
- 06/2021
- EIN
- 61-0597184
Organization Overview
Louisville Youth Orchestra is located in Louisville, KY. The organization was established in 1962. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Louisville 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 06/2021, Louisville Youth Orchestra generated $281.6k 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 (3.9%) each year. All expenses for the organization totaled $274.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AFFORD A QUALITY MUSICAL EXPERIENCE FOR YOUNG MUSICIANS AND PROVIDE OPPORTUNITY TO PERFORM REGARDLESS OF RACE, CREED, GENDER, SEXUAL ORIENTATION OR ECONOMIC CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINS FOUR ORCHESTRAS, ELEMENTARY STRING PROGRAM AND VARIOUS ENSEMBLES FOR APPROXIMATELY 351 YOUTH IN ORDER TO PROVIDE ORCHESTRAL TRAINING FOR MUSICIANS FROM GRADE SCHOOL THROUGH HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melody Welsh-Buchholz Executive Director | Officer | 30 | $0 |
Bob Ferland Past-President | Trustee | 3 | $0 |
Paul Shoemaker Director | Trustee | 3 | $0 |
Jim Quiggins Director | Trustee | 3 | $0 |
Jim Augustus Director | Trustee | 3 | $0 |
Corey Richter Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,199 |
| Investment income | $70 |
| 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 | $281,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $22,411 |
| Compensation of current officers, directors, key employees. | $77,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,927 |
| Pension plan accruals and contributions | $2,220 |
| Other employee benefits | $0 |
| Payroll taxes | $11,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,678 |
| Advertising and promotion | $6,956 |
| Office expenses | $4,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,651 |
| 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 | $1,361 |
| Insurance | $3,050 |
| All other expenses | $0 |
| Total functional expenses | $274,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,129 |
| Savings and temporary cash investments | $266,049 |
| 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 | $0 |
| Investments—publicly traded securities | $164,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $544,238 |
| Accounts payable and accrued expenses | $2,741 |
| 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 | $106,000 |
| Total liabilities | $108,741 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $435,497 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Louisville Youth Orchestra has recieved totaling $70,694.
| Awarding Organization | Amount |
|---|---|
Fund For The Arts Inc Louisville, KY PURPOSE: Sustaining Impact Grant, Partnership Grants | $65,694 |
Cory Foundation Inc Louisville, KY PURPOSE: SCHOLARSHIP PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Chicago Symphony Orchestra Chicago, IL | $576,700,123 | $109,905,535 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Virginia Symphony Orchestra Norfolk, VA | $5,267,903 | $8,191,490 |
Richmond Symphony Richmond, VA | $2,392,826 | $8,372,945 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |