Albuquerque Youth Symphony Program Inc
- Assets
- $2.0m
- Revenue
- $595.3k
- Investments
- $0.0
- Employees
- 17
- Location
- Albuquerque, NM
- Founding
- 03/1995
- Data as of
- 06/2021
- EIN
- 85-0421180
Organization Overview
Albuquerque Youth Symphony Program Inc is located in Albuquerque, NM. The organization was established in 1995. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Albuquerque Youth Symphony Program Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque Youth Symphony Program 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 06/2021, Albuquerque Youth Symphony Program Inc generated $595.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $529.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 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
PROVIDING HIGH QUALITY MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES TO ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGH QUALITY MUSIC EDUCATION TO APPROXIMATELY 500 ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS IN EIGHT ENSEMBLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norlynn Blocker Price Executive Di | Officer | 40 | $68,083 |
Kevin Wade President | OfficerTrustee | 2 | $0 |
Tess Pallozzi Secretary | OfficerTrustee | 2 | $0 |
Michael Ragsdale Treasurer | OfficerTrustee | 2 | $0 |
Tyler North Vice Preside | OfficerTrustee | 2 | $0 |
Larry Chenoweth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $122,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,089 |
| Noncash contributions included in lines 1a–1f | $9,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,976 |
| Total Program Service Revenue | $156,132 |
| Investment income | $11,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,280 |
| 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. | $68,083 |
| Compensation of current officers, directors, key employees. | $7,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,203 |
| Payroll taxes | $20,216 |
| 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 | $2,223 |
| Fees for services: Other | $43,636 |
| Advertising and promotion | $490 |
| Office expenses | $3,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,304 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,397 |
| Insurance | $27,027 |
| All other expenses | $4,704 |
| Total functional expenses | $529,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,428 |
| Savings and temporary cash investments | $24,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,035 |
| 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 | $3,630 |
| Net Land, buildings, and equipment | $1,126,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $381,211 |
| Total assets | $2,032,911 |
| Accounts payable and accrued expenses | $40,115 |
| 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 | $248,286 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $288,401 |
| Net assets without donor restrictions | $1,405,833 |
| Net assets with donor restrictions | $338,677 |
| 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 | $2,032,911 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Albuquerque Youth Symphony Program Inc has recieved totaling $38,266.
| Awarding Organization | Amount |
|---|---|
Albuquerque Community Foundation Albuquerque, NM PURPOSE: ACF ARTS/CULTURE | $37,938 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $328 |
Endowment Analysis
| Beg. Balance | $233,789 |
| Earnings | $70,911 |
| Admin Expense | $2,223 |
| Ending Balance | $302,477 |
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Tejano Center For Community Concerns Inc Houston, TX | $42,145,856 | $27,013,865 |
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Cityscape Schools Inc Dallas, TX | $31,786,183 | $16,269,782 |
Bcfs Education Services San Antonio, TX | $2,820,092 | $13,804,336 |
Momentous Institute Dallas, TX | $14,833,442 | $11,793,188 |
Young Americans For Liberty Inc Austin, TX | $6,971,187 | $15,618,179 |
Stand For The Silent Inc Perkins, OK | $889,186 | $11,940,386 |
Kids Are First Carrizo Springs, TX | $3,476,023 | $8,458,663 |
Boys & Girls Club Of Central Texas Inc Killeen, TX | $2,385,650 | $6,347,689 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |