Young Musicians Of Alamance
- Assets
- $127.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, NC
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 81-1286442
Organization Overview
Young Musicians Of Alamance is located in Burlington, NC. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Musicians Of Alamance 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, Young Musicians Of Alamance generated $79.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $65.8k during the year ending 06/2022. While expenses have increased by 0.3% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
YOUNG MUSICIANS OF ALAMANCE STARTED SIX NEW MUSIC PROGRAMS AND HIRED FIVE NEW TEACHERS AND AN OFFICE ADMINISTRATOR. THE ORGANIZATION PERFORMED AT MULTIPLE COMMUNITY EVENTS AS IT TRIPLED ITS NUMBERS FROM THE PREVIOUS YEARS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ekin Ustunel Executive Di | 40 | $37,437 | |
Thelma Gardiner Vice Preside | 2 | $0 | |
Paul Mellander Member | 4 | $0 | |
Marcia Livesay Secretary | 2 | $0 | |
Robert Byrd Member | 4 | $0 | |
Roslyn Crisp Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,413 |
| Total Program Service Revenue | $141 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,283 |
| Other Revenue | $0 |
| Total Revenue | $79,837 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,242 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $116 |
| Other expenses | $11,475 |
| Total expenses | $65,833 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,694 |
| Other assets | $0 |
| Total assets | $127,117 |
| Total liabilities | $4,235 |
| Net assets or fund balances | $122,882 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Young Musicians Of Alamance has recieved totaling $37,543.
| Awarding Organization | Amount |
|---|---|
Troon Foundation Elon, NC PURPOSE: TO PROVIDE OPERATING FUNDS. | $30,000 |
United Way Of Alamance County Inc Burlington, NC PURPOSE: COMMUNITY SUPPORT | $7,502 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |
Musicians Hall Of Fame And Museum Nashville, TN | $2,497,299 | $1,370,985 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |
Charleston Jazz North Charleston, SC | $510,397 | $1,004,740 |