Louisville Youth Choir Inc
- Assets
- $52.4k
- Revenue
- $118.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Louisville, KY
- Founding
- 10/1968
- Data as of
- 06/2022
- EIN
- 61-6058143
Organization Overview
Louisville Youth Choir Inc is located in Louisville, KY. The organization was established in 1968. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Louisville Youth Choir Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Youth Choir 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 06/2022, Louisville Youth Choir Inc generated $118.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $100.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) 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
THE LOUISVILLE YOUTH CHOIR CREATES STARS OF TODAY BY SUPPORTING AND ENHANCING SCHOOL MUSIC PROGRAMS AND BY SERVICING UNMET ARTISTIC NEEDS IN THE COMMUNITY. THROUGH LOUISVILLE YOUTH CHOIR'S DIVERSE POPULATION, PROGRAMS AND MUSIC, LOUISVILLE YOUTH CHOIR'S LEADERS OF TOMORROW LEARN DISCIPLINE, SELF-CONFIDENCE, LEADERSHIP AND TEAMWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUISVILLE YOUTH CHOIR, A NONPROFIT PERFORMING ARTS ORGANIZATION, WAS ESTABLISHED IN 1968 TO CREATE A PASSION FOR SINGING AMONG YOUNG PEOPLE. LOUISVILLE YOUTH CHOIR ANNUALLY DRAWS OVER 100 YOUTH FROM THROUGHOUT THE METROPOLITAN AREA, AND ITS MUSICAL REPERTOIRE INCLUDES MANY STYLES AND CULTURES, INCLUDING MAJOR CLASSICS AND MODERN WORKS, OFTEN PERFORMED WITH SOLOISTS AND ORCHESTRAS. OPEN AUDITIONS ARE HELD SEASONALLY THROUGHOUT THE YEAR, AND WEEKLY REHEARSALS CULMINATE IN MORE THAN FIVE PUBLIC PERFORMANCES ANNUALLY. THE CHOIR'S GOAL IS TO ENHANCE MUSICAL EDUCATION AND PERFORMANCE EXPERIENCES FOR STUDENTS THROUGHOUT THE REGION AND CURRENTLY INCLUDES STUDENTS FROM OVER 60 PUBLIC AND CATHOLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri E Foster Artistic/executive Directo | Officer | 40 | $54,347 |
Lindsay Ratterman Member At Large | Trustee | 1 | $0 |
Emory Williamson Member At Large | Trustee | 1 | $0 |
Karen Bowie Member At Large | Trustee | 1 | $0 |
Abigail Riley Member At Large | Trustee | 1 | $0 |
Kate Berger Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,683 |
| Related organizations | $0 |
| Government grants | $42,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,140 |
| Total Program Service Revenue | $20,859 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $219 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,218 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $60,325 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $206 |
| Payroll taxes | $6,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,660 |
| Advertising and promotion | $0 |
| Office expenses | $3,642 |
| Information technology | $155 |
| Royalties | $0 |
| Occupancy | $1,079 |
| 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 | $1,241 |
| All other expenses | $0 |
| Total functional expenses | $100,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,333 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,802 |
| Total assets | $52,362 |
| Accounts payable and accrued expenses | $11,616 |
| 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 | $11,616 |
| Net assets without donor restrictions | $36,413 |
| Net assets with donor restrictions | $4,333 |
| 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 | $52,362 |