Salt Lake Academy Of Music
- Assets
- $23.5k
- Revenue
- $328.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Salt Lake City, UT
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 84-3257116
Organization Overview
Salt Lake Academy Of Music is located in Salt Lake City, UT. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Salt Lake Academy Of Music employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Lake Academy Of Music 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 12/2022, Salt Lake Academy Of Music generated $328.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $315.3k during the year ending 12/2022. While expenses have increased by 56.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SALT LAKE ACADEMY OF MUSIC (SLAM) IS A SALT LAKE CITY NONPROFIT MUSIC EDUCATION PROGRAM DEDICATED TO ENSURING THAT YOUTH HAVE THE OPPORTUNITY TO EXPLORE AND DEVELOP THEIR PASSION FOR MUSIC. WE DO THIS BY PROVIDING INCLUSIVE AND EQUITABLE ACCESS TO INSTRUMENTS, LESSONS, PERFORMANCE, RECORDING, AND TOURING PROGRAMS - ALL ON A FREE-TO-FEE SLIDING SCALE. WE ENVISION A COMMUNITY WHERE PEOPLE FROM DIVERSE BACKGROUNDS CONNECT THROUGH MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLAM'S TEAM OF HIGHLY EXPERIENCED MUSIC EDUCATORS TEACH GUITAR, BASS, PIANO, VOICE, UKULELE, DRUMS, HORNS, STRINGS, AND ELECTRONIC MUSIC THROUGH VARIOUS GENRES, INCLUDING ROCK, CLASSICAL, JAZZ, POP, BLUES, BLUEGRASS, FOLK, AND ELECTRONIC MUSIC. OUR YOUTH PROGRAM OFFERS PRIVATE LESSONS, SUMMER CAMPS, GROUP PERFORMANCE PROGRAMS, FREE GROUP JAZZ JAM SESSIONS IN CONJUNCTION WITH THE UNIVERSITY OF UTAH MUSIC DEPARTMENT AND JAZZ PROMOTER, JAZZSLC, AND WE PROVIDE ADULT PRIVATE LESSONS. IN 2022, WE SERVED 185 YOUTH AND 30 ADULTS, PROVIDING 10 FULL SCHOLARSHIPS, 5 PARTIAL SCHOLARSHIPS, AND 10 FREE MUSIC INSTRUMENTS TO OUR YOUTH STUDENTS. 30 PERFORMANCE PROGRAM STUDENTS PERFORMED IN 10 PUBLIC CONCERTS, 25 YOUTH PARTICIPATED IN FREE GROUP JAZZ JAM SESSIONS AND 13 STUDENTS PARTICIPATED IN A SUMMER DAY CAMP. IN 2022, OUR THIRD YEAR IN BUSINESS, ENROLLMENT GREW BY 250%.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Auerbach Executive Di | Officer | 40 | $57,000 |
Kristin Beck Board Member | Trustee | 1 | $0 |
Tj Dunker Co-Chair | OfficerTrustee | 2.33 | $0 |
Greg Judd Co-Chair | OfficerTrustee | 2.33 | $0 |
Lisa Ostrander Past Chair | Trustee | 1 | $0 |
Greg Winegar Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,251 |
| Total Program Service Revenue | $236,259 |
| Investment income | $9 |
| 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 | $328,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $57,000 |
| Compensation of current officers, directors, key employees. | $14,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187 |
| Fees for services: Accounting | $6,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,373 |
| Advertising and promotion | $1,450 |
| Office expenses | $15,306 |
| Information technology | $6,926 |
| Royalties | $0 |
| Occupancy | $35,555 |
| 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 | $2,217 |
| All other expenses | $0 |
| Total functional expenses | $315,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,078 |
| 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 | $713 |
| Total assets | $23,548 |
| Accounts payable and accrued expenses | $3,139 |
| 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 | $3,139 |
| Net assets without donor restrictions | $20,409 |
| 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 | $23,548 |