Albuquerque Youth Symphony Program Inc
- Assets
- $2.0m
- Revenue
- $625.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Albuquerque, NM
- Founding
- 03/1995
- Data as of
- 06/2023
- 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 06/2023, Albuquerque Youth Symphony Program Inc employed 20 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 06/2023, Albuquerque Youth Symphony Program Inc generated $625.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $675.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
2023
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 Price Executive Di | Officer | 40 | $68,385 |
Gabriela Blakey Director | Trustee | 1 | $0 |
Larry Chenoweth Secretary | OfficerTrustee | 2 | $0 |
Matthew Forte Director | Trustee | 1 | $0 |
Joe Gershin Director | Trustee | 1 | $0 |
Mary Lee Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,904 |
| Noncash contributions included in lines 1a–1f | $56,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,588 |
| Total Program Service Revenue | $262,531 |
| Investment income | $11,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $72,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,917 |
| 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. | $71,058 |
| Compensation of current officers, directors, key employees. | $7,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,245 |
| Payroll taxes | $21,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,309 |
| Fees for services: Other | $23,858 |
| Advertising and promotion | $3,986 |
| Office expenses | $63,248 |
| Information technology | $8,836 |
| Royalties | $0 |
| Occupancy | $109,276 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,681 |
| Insurance | $22,010 |
| All other expenses | $4,922 |
| Total functional expenses | $675,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,047 |
| Savings and temporary cash investments | $145,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,367 |
| 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 | $19,955 |
| Net Land, buildings, and equipment | $1,171,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,127 |
| Total assets | $1,986,386 |
| Accounts payable and accrued expenses | $41,584 |
| 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 | $158,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,410 |
| Net assets without donor restrictions | $1,442,960 |
| Net assets with donor restrictions | $343,016 |
| 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 | $1,986,386 |