Carolina Youth Symphony
- Assets
- $586.7k
- Revenue
- $310.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Greenville, SC
- Founding
- 03/1977
- Data as of
- 06/2022
- EIN
- 57-0638017
Organization Overview
Carolina Youth Symphony is located in Greenville, SC. The organization was established in 1977. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Carolina Youth Symphony employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Youth Symphony 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 06/2022, Carolina Youth Symphony generated $310.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $186.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAROLINA YOUTH SYMPHONY PROVIDES PROFESSIONAL TRAINING TO YOUNG STUDENTS AND GIVES THESE STUDENTS THE OPPORTUNITY TO PERFORM SEVERAL PUBLIC CONCERTS THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA YOUTH SYMPHONY PROVIDES PROFESSIONAL TRAINING TO YOUNG STUDENTS AND GIVES THESE STUDENTS THE OPPORTUNITY TO PERFORM SEVERAL PUBLIC CONCERTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Elmore Executive Dir. | OfficerTrustee | 35 | $29,119 |
Barbara Cooke Director | Trustee | 0 | $0 |
Cheryl Cowart Director | Trustee | 0 | $0 |
Deborah Gavron Director | Trustee | 0 | $0 |
Wade Kolb III Vice President | OfficerTrustee | 0 | $0 |
Don Lundquist Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,002 |
| Total Program Service Revenue | $88,261 |
| Investment income | $20,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,721 |
| Net Income from Fundraising Events | $380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,298 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,065 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,119 |
| Compensation of current officers, directors, key employees. | $1,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,232 |
| Fees for services: Other | $18,111 |
| Advertising and promotion | $1,280 |
| Office expenses | $1,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,648 |
| 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 | $1,090 |
| All other expenses | $4,949 |
| Total functional expenses | $186,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,263 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $481,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $586,674 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $586,674 |
| 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 | $586,674 |