Skip to content
Nonprofiteer
← LOUISVILLE ACADEMY OF MUSIC INC

Form 990 for tax year 2022

Filed by LOUISVILLE ACADEMY OF MUSIC INC.

What the amendment changed

Compared with the return it replaced , filed 14 April 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$223,091 changed to $679,987
Total expenses
$228,266 changed to $631,827
Contributions and grants received
$6,816 changed to $174,154
Grants paid
$9,185 changed to $43,218
Program service revenue
$216,225 changed to $505,211
Investment income
$50 changed to $622
Total assets, end of year
$367,451 changed to $432,326
Total liabilities, end of year
$38,663 changed to $55,378
Net assets or fund balances, end of year
$328,788 changed to $376,948
Program services expenses
$195,394 changed to $540,194
Management and general expenses
$20,794 changed to $56,794
Fundraising expenses
$12,078 changed to $34,839
Program service expenses (Part III)
$195,394 changed to $540,194

Listed only on the later return

  • VICTORIA FULLER

Listed under a different title

  • DAVID HANDMAKER: DIRECTOR then CHAIRMAN

Totals

Total revenue
$679,987
Total expenses
$631,827
Contributions and grants received
$174,154
Grants paid
$43,218
Program service revenue
$505,211
Investment income
$622
Other revenue
$0
Total assets, end of year
$432,326
Total liabilities, end of year
$55,378
Net assets or fund balances, end of year
$376,948
Program services expenses (Part IX)
$540,194
Management and general expenses
$56,794
Fundraising expenses
$34,839
Program service expenses (Part III)
$540,194

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $174,154

  • 2a · Program service revenue: LESSONS

    total $503,701 · related or exempt $503,701

  • 2b · Program service revenue: OFF CAMPUS WORKSHOPS

    total $1,510 · related or exempt $1,510

  • 3 · Investment income

    total $622 · excluded $622

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $43,218 · program services $43,218

  • 7 · Other salaries and wages

    total $418,752 · program services $385,948 · management and general $15,377 · fundraising $17,427

  • 8 · Pension plan contributions

    total $4,870 · management and general $4,870

  • 10 · Payroll taxes

    total $32,034 · program services $29,525 · management and general $1,176 · fundraising $1,333

  • 11c · Fees: accounting

    total $15,833 · program services $938 · management and general $14,895

  • 11g · Fees: other

    total $28,619 · program services $13,529 · management and general $40 · fundraising $15,050

  • 12 · Advertising and promotion

    total $1,524 · program services $1,177 · management and general $328 · fundraising $19

  • 13 · Office expenses

    total $17,385 · program services $14,924 · management and general $2,448 · fundraising $13

  • 14 · Information technology

    total $4,519 · program services $2,856 · management and general $1,303 · fundraising $360

  • 16 · Occupancy

    total $23,721 · program services $13,353 · management and general $10,368

  • 17 · Travel

    total $906 · program services $906

  • 22 · Depreciation, depletion and amortization

    total $15,382 · program services $13,592 · management and general $1,790

  • 23 · Insurance

    total $7,342 · program services $6,637 · management and general $705

  • 24a · Other expenses: PROGRAM SUPPLIES AND EX

    total $9,573 · program services $9,412 · management and general $161

  • 24b · Other expenses: PAYROLL PROCESSING FEE

    total $3,074 · program services $423 · management and general $2,651

  • 24c · Other expenses: SHEET MUSIC AND MUSIC S

    total $2,994 · program services $2,807 · management and general $187

  • 24e · All other expenses

    total $2,081 · program services $949 · management and general $495 · fundraising $637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,858 · end of year $107,451

  • 2 · Savings and temporary cash investments

    beginning of year $92,689 · end of year $93,325

  • 3 · Pledges and grants receivable

    beginning of year $9,389 · end of year $12,411

  • 4 · Accounts receivable

    beginning of year $4,930 · end of year $3,140

  • 8 · Inventories for sale or use

    beginning of year $3,290 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $436,144

  • 10b · Land, buildings and equipment: accumulated depreciation

    $220,145

  • 10c · Land, buildings and equipment, net

    beginning of year $86,295 · end of year $215,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,663 · end of year $54,089

  • 19 · Deferred revenue

    end of year $1,289

  • 27 · Net assets without donor restrictions

    beginning of year $286,648 · end of year $316,099

  • 28 · Net assets with donor restrictions

    beginning of year $42,140 · end of year $60,849

Mission and programs · 2022

Mission

LOUISVILLE ACADEMY OF MUSIC NURTURES LIFELONG LEARNERS, NOT SOLELY AS MUSICIANS BUT ALSO AS CREATIVE, INSPIRED PEOPLE.

Activities or mission (Part I)

THE LOUISVILLE ACADEMY OF MUSIC WELCOMES EVERYONE TO JOIN OUR MUSICAL COMMUNITY. LAM NURTURES LIFELONG LEARNERS, NOT SOLELY AS MUSICIANS BUT ALSO AS CREATIVE, INSPIRED PEOPLE. EQUITY IN MUSIC EDUCATION IS A FORCE TO REALIZE POTENTIAL, ACHIEVE DREAMS, AND MAKE THE WORLD A BETTER PLACE.

  • THE LOUISVILLE ACADEMY HAS TAUGHT NEARLY A MILLION MUSIC LESSONS SINCE OUR FOUNDING. IN THE PAST FIVE YEARS WE HAVE EXPERIENCED A REBIRTH DOUBLING OUR STUDENT BODY, LAUNCHING A NEED-BASED SCHOLARSHIP PROGRAM, AND REACHING THOUSANDS OF PEOPLE THROUGH OUR NEW COMMUNITY MUSIC PROGRAMS. WE HAVE EXPANDED OUR NEED BASED SCHOLARSHIP PROGRAM TO OFFER LESSONS BOTH ON AND OFF-CAMPUS, WE HAVE ENGAGED IN COMMUNITY RESIDENCIES, AND PARTNERED WITH 30 OTHER COMMUNITY ORGANIZATIONS TO REACH 4,000 PARTICIPANTS WITH CREATIVE, INCLUSIVE, AND FREE MUSIC PROGRAMS ACROSS OUR COMMUNITY.

    Expenses $483,500 · Grants $31,240 · Revenue $503,701

  • OUR MUSIC FOR EVERYONE PROGRAM PROVIDES ONSITE MUSIC EDUCATION TO SCHOOLS AND COMMUNITY CENTERS IN UNDERSERVED PARTS OF LOUISVILLE, WE OFFER NEEDS-BASED SCHOLARSHIPS FOR OUR TRADITIONAL CLASSES AND LESSONS, AND WE HOST DIVERSE GUEST ARTISTS WHO SHARE A WIDE VARIETY OF GENRES AND SKILLS WITH OUR STUDENTS. WE ARE PROUD OF THE ENRICHING LEARNING ENVIRONMENT WE CREATE FOR ALL OF OUR STUDENTS AND THEIR VARIED INTERESTS. WE PARTNERED WITH 19 KENTUCKIANA ORGANIZATIONS TO PROVIDE FREE PERFORMANCES, WORKSHOPS AND OTHER EDUCATIONAL EXPERIENCES TO OVER 4,000 PEOPLE IN 30 LOCATIONS. THE LOUISVILLE ACADEMY OF MUSIC'S FIRST EQUITY PLAN WAS COLLABORATIVELY WRITTEN USING FEEDBACK FROM OUR STAFF, TEACHERS, BOARD OF DIRECTORS, FAMILIES AND STUDENT ADVISORS AND SUPPORT FROM THE KENTUCKY ARTS COUNCIL.

    Expenses $56,694 · Grants $11,978 · Revenue $1,510

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LUKE DARVILLE

    DIRECTOR

    Total calculated
    $6,450
    From this org
    $6,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • WILL OLDHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELEANOR LIVINGSTON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANNA HAYDEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SHERONDA SHORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HANDMAKER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • EDWARD WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA FULLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA CALLAWAY

    EXECUTIVE DIRECTOR

    Total calculated
    $61,353
    From this org
    $61,353
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 April 2024
IRS schema version
2022v5.0
Source object
202400939349300805

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.