Jacob Kyle Davis Musical Legacy Foundation Inc
- Assets
- $16.2k
- Revenue
- $561.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crestwood, KY
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 81-4915182
Organization Overview
Jacob Kyle Davis Musical Legacy Foundation Inc is located in Crestwood, KY. The organization was established in 2018. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Jacob Kyle Davis Musical Legacy Foundation 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, Jacob Kyle Davis Musical Legacy Foundation Inc generated $561.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (47.8%) each year. All expenses for the organization totaled $2.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn M Davis President | 0.5 | $0 | |
Dale E Davis Vice President | 0.5 | $0 | |
Stephanie Davis Treasurer | 0.5 | $0 | |
Marsha Webb Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $555 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $486 |
| Total operating and administrative expenses | $873 |
| Contributions, gifts, grants paid | $1,402 |
| Total expenses and disbursements | $2,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449 |
| Savings and temporary cash investments | $15,767 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,216 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jacob Kyle Davis Musical Legacy Foundation Inc has awarded $1,402 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOHS MARCHING BAND BOOSTERS PURPOSE: DONATION TO SUPPORT BAND NEEDS | $1,000 |
BRECKINRIDGE FRANKLIN ELEMENTARY SC PURPOSE: DONATION OF MUSICAL INSTRUMENT | $402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Graham Gund Gallery Gambier, OH | $8,250,705 | $4,357,194 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Art Opportunities Inc Cincinnati, OH | $2,054,110 | $2,614,332 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |