Lafayette Choral Boosters Inc
- Assets
- $71.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1998
- Data as of
- 07/2024
- EIN
- 61-1313534
Organization Overview
Lafayette Choral Boosters Inc is located in Lexington, KY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Choral Boosters 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 07/2024, Lafayette Choral Boosters Inc generated $71.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $63.7k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Peters President | 12 | $0 | |
Karen Walker Vice President | 12 | $0 | |
April Brown Secretary | 6 | $0 | |
Rob Langdorf Treasurer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,543 |
| Total Program Service Revenue | $28,147 |
| Membership dues | $0 |
| Investment income | $313 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,197 |
| Other Revenue | $0 |
| Total Revenue | $71,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,954 |
| Professional fees and other payments to independent contractors | $955 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,807 |
| Total expenses | $63,716 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,618 |
| Other assets | $0 |
| Total assets | $71,618 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,618 |