Louisville Youth Orchestra
- Assets
- $516.3k
- Revenue
- $301.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Louisville, KY
- Founding
- 05/1962
- Data as of
- 06/2022
- EIN
- 61-0597184
Organization Overview
Louisville Youth Orchestra is located in Louisville, KY. The organization was established in 1962. 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, Louisville Youth Orchestra employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Youth Orchestra 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, Louisville Youth Orchestra generated $301.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $297.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) 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
TO AFFORD A QUALITY MUSICAL EXPERIENCE FOR YOUNG MUSICIANS AND PROVIDE OPPORTUNITIES TO PERFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN ORCHESTRAS, ELEMENTARY STRING PROGRAM AND VARIOUS ENSEMBLES FOR YOUTH IN ORDER TO PROVIDE ORCHESTRAL TRAINING FOR MUSICIANS FROM GRADE SCHOOL THROUGH AGE 20.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Loehrlein President | OfficerTrustee | 3 | $0 |
Ben Keeton Vice President | OfficerTrustee | 3 | $0 |
Megan Renwick Secretary | OfficerTrustee | 3 | $0 |
Jeff Mccaffrey Treasurer | OfficerTrustee | 3 | $0 |
Jesssica Caballero-Williams Director | Trustee | 3 | $0 |
Norman Epley Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,574 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,524 |
| Total Program Service Revenue | $61,852 |
| Investment income | $1,234 |
| 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 | $301,818 |
| 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 | $7,020 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,619 |
| Pension plan accruals and contributions | $3,475 |
| Other employee benefits | $0 |
| Payroll taxes | $13,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,609 |
| Office expenses | $6,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,859 |
| Insurance | $4,789 |
| All other expenses | $6,825 |
| Total functional expenses | $297,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,636 |
| Savings and temporary cash investments | $197,319 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,409 |
| Total assets | $516,256 |
| Accounts payable and accrued expenses | $5,765 |
| Grants payable | $0 |
| Deferred revenue | $103 |
| 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 | $79,054 |
| Total liabilities | $84,922 |
| Net assets without donor restrictions | $431,334 |
| 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 | $516,256 |