Louisville Orchestra Endowment Inc

Organization Overview

Louisville Orchestra Endowment Inc is located in Louisville, KY. The organization was established in 2019. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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 Orchestra Endowment 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 05/2022, Louisville Orchestra Endowment Inc generated $946.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LOUISVILLE ORCHESTRA ENDOWMENT, INC. IS DEVOTED TO PRIVATELY SOLICITING AND RECEIVING CONTRIBUTIONS AND GIFTS WITH THE PURPOSE OF PROVIDING FUNDS FOR THE CAPITAL, OPERATING, AND PROGRAMMING COSTS OF THE LOUISVILLE ORCHESTRA, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOUISVILLE ORCHESTRA ENDOWMENT, INC. IS DEVOTED TO PRIVATELY SOLICIT AND RECEIVE CONTRIBUTIONS AND GIFTS WITH THE PURPOSE OF DISTRIBUTING ITS FUNDS FOR PUBLIC, CHARITABLE AND/OR EDUCATIONAL PURPOSES. ANY DISTRIBUTIONS OR PAYMENTS BY THE LOE SHALL BE MADE ONLY TO OR FOR THE BENEFIT OF THE ORCHESTRA.


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Board, Officers & Key Employees

Name (title)Compensation
Paul W Thompson
Board Chair
$0
Ritu Furlan
Treasurer
$0
C Edward Glasscock
Director
$0
James S Welch Jr
Director
$0
James R Allen
Director
$0
William Ballard
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$746,887
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$746,887
Total Program Service Revenue$0
Investment income $58,249
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $140,884
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $946,020

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Louisville Orchestra Endowment Inc has recieved totaling $265,000.

Awarding OrganizationAmount
Whippoorwill Family Foundation

Prospect, KY

PURPOSE: FOR GENERAL CHARITABLE PURPOSES

$250,000
Trager Family Foundation Inc

Louisville, KY

PURPOSE: ORGANIZATIONAL OPERATIONS

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,660,379
Earnings-$205,889
Admin Expense$16,521
Net Contributions$1,910,000
Ending Balance$3,347,969

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