Central Kentucky Youth Orchestra Society Inc
- Assets
- $668.1k
- Revenue
- $556.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Lexington, KY
- Founding
- 06/1974
- Data as of
- 06/2023
- EIN
- 61-6027055
Organization Overview
Central Kentucky Youth Orchestra Society Inc is located in Lexington, KY. The organization was established in 1974. 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 06/2023, Central Kentucky Youth Orchestra Society Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Kentucky Youth Orchestra Society 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, Central Kentucky Youth Orchestra Society Inc generated $556.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $516.3k during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERS HIGH QUALITY MUSICAL OPPORTUNITIES FOR TALENTED YOUNG MUSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUDITION-BASED ORCHESTRAS - MUSICAL ENSEMBLES THAT REQUIRE STUDENTS TO PASS AN AUDITION, MEET A CERTAIN MUSICAL LEVEL, AND PAY TUITION FOR PARTICIPATION. ENSEMBLES ARE COMPETITIVE AND PERFORM AT A VERY HIGH LEVEL OF MUSICAL EXCELLENCE, MORE ADVANCED THAN WHAT LOCAL PUBLIC AND PRIVATE SCHOOL ENSEMBLES PROVIDE. STUDENTS MEET WEEKLY FOR REHEARSALS AND PERFORM 3 MAINSTAGE CONCERTS EACH SCHOOL YEAR. OPPORTUNITIES FOR CHAMBER ENSEMBLES, MASTERCLASSES, AND TRAVEL ARE AVAILABLE TO STUDENTS IN THESE ENSEMBLES TO FURTHER ENHANCE THEIR MUSICAL EDUCATION. SCHOLARSHIPS ARE PROVIDED TO ANY STUDENT WHO NEEDS FINANCIAL ASSISTANCE BY APPLICATION TO THE BOARD.
PERFORMANCES AND EVENTS - THE ENSEMBLES AND PROGRAMS OF CKYO PERFORM TICKETED AND FREE EVENTS AND CONCERTS IN THE COMMUNITY THROUGHOUT THE SCHOOL YEAR AT VARIOUS LOCATIONS.
COMMUNITY PROGRAMS - COMMUNITY PROGRAMS ARE AFTER-SCHOOL MUSIC EDUCATION PROGRAMS FOR ELEMENTARY AND MIDDLE SCHOOL AGED STUDENTS THAT FOCUS ON LEARNING, PEER TEACHING AND MENTORING, AND COMMUNITY BUILDING. COMMUNITY PROGRAMS ARE HELD IN NEIGHBORHOODS AND SCHOOLS THAT ARE UNDERSERVED AND HISTORICALLY UNDERREPRESENTED. THESE PROGRAMS TEACH CHILDREN MUSICAL INSTRUMENTS THROUGH ONE-ON-ONE AND GROUP LEARNING AT NO COST TO THE FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace James President | OfficerTrustee | 2 | $0 |
Mary Kay Rayens Secretary | OfficerTrustee | 2 | $0 |
Louise Shouse Treasurer | OfficerTrustee | 2 | $0 |
Cindy Bennett Board Member | Trustee | 1 | $0 |
Alethea Bernard Board Member | Trustee | 1 | $0 |
Cody Birdwell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,854 |
| Noncash contributions included in lines 1a–1f | $15,896 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,292 |
| Total Program Service Revenue | $192,002 |
| Investment income | $14,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,362 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $176,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,780 |
| Payroll taxes | $14,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,624 |
| Fees for services: Other | $1,405 |
| Advertising and promotion | $0 |
| Office expenses | $7,617 |
| Information technology | $4,575 |
| Royalties | $0 |
| Occupancy | $8,556 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,127 |
| Insurance | $7,902 |
| All other expenses | $32,661 |
| Total functional expenses | $516,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,508 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,540 |
| 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 | $4,425 |
| Net Land, buildings, and equipment | $653 |
| Investments—publicly traded securities | $559,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $668,058 |
| Accounts payable and accrued expenses | $2,935 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $4,435 |
| Net assets without donor restrictions | $617,254 |
| Net assets with donor restrictions | $46,369 |
| 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 | $668,058 |