Central Music Academy Inc

Organization Overview

Central Music Academy Inc is located in Lexington, KY. The organization was established in 2004. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Central Music Academy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Music Academy 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 06/2024, Central Music Academy Inc generated $507.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $343.1k during the year ending 06/2024. While expenses have increased by 7.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE TEACHING AND ENCOURAGMENT OF ALL ASPECTS OF INSTRUMENTAL AND VOCAL MUSIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OPERATES AS A NONPROFIT MUSIC ACADEMY FOR THE TEACHING AND ENCOURAGMENT OF ALL ASPECTS OF INSTRUMENTAL AND VOCAL MUSIC.


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Board, Officers & Key Employees

Name (title)Compensation
Michelle Clouse
Asst Director
$59,404
Erin Walker Bliss
Executive Direc
$45,455
Pam Bridges
Chairman
$0
Kristyn Disponette
Secretary
$0
Adrianna Garza
Director
$0
Jane Johnson
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $62,750
All other contributions, gifts, grants, and similar amounts not included above$391,551
Noncash contributions included in lines 1a–1f $12,015
Total Revenue from Contributions, Gifts, Grants & Similar$454,301
Total Program Service Revenue$0
Investment income $1,584
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$142
Net Income from Fundraising Events $51,935
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $507,948

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