Association Of The Louisville Orchestra Inc
- Assets
- $23.7k
- Revenue
- $95.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 61-6027223
Organization Overview
Association Of The Louisville Orchestra Inc is located in Louisville, KY. The organization was established in 1968. 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. Association Of The Louisville 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 12/2021, Association Of The Louisville Orchestra Inc generated $95.1k 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 (3.4%) each year. All expenses for the organization totaled $81.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
FUNDRAISING FOR AND EDUCATION ABOUT THE LOUISVILLE ORCHESTRA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN, SUPPORT, AND PROMOTE THE LOUISVILLE ORCHESTRA. TO ENCOURAGE MUSIC EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Vallandingham President | OfficerTrustee | 3 | $0 |
Sue Bench Secretary | OfficerTrustee | 1 | $0 |
Susan Smith Secretary | OfficerTrustee | 1 | $0 |
Ann Decker Treasurer | OfficerTrustee | 1 | $0 |
Michele Oberst Vice President | OfficerTrustee | 1 | $0 |
Liz Rorke Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,200 |
| Fundraising events | $17,572 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,896 |
| Total Program Service Revenue | $0 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,240 |
| Net Income from Gaming Activities | $1,882 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $204 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,571 |
| All other expenses | $0 |
| Total functional expenses | $81,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,659 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,659 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $23,659 |
| Total liabilities and net assets/fund balances | $23,659 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Association Of The Louisville Orchestra Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Gheens Foundation Inc Louisville, KY PURPOSE: MAKINGMUSIC | $10,000 |
Gheens Foundation Inc Louisville, KY PURPOSE: MAKINGMUSIC | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
West Virginia Symphony Orchestra Inc Charleston, WV | $1,691,632 | $2,378,375 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |