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Nonprofiteer
← TRIANGLE YOUTH MUSIC INC

Form 990 for tax year 2024

Filed by TRIANGLE YOUTH MUSIC INC.

Totals

Total revenue
$671,600
Total expenses
$626,181
Contributions and grants received
$548,859
Grants paid
$0
Program service revenue
$111,135
Investment income
$7,868
Other revenue
$3,738
Total assets, end of year
$583,780
Total liabilities, end of year
$57,519
Net assets or fund balances, end of year
$526,261
Program services expenses (Part IX)
$499,979
Management and general expenses
$94,148
Fundraising expenses
$32,054
Program service expenses (Part III)
$499,979

Program services were 79.8% 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.

  • 1b · Membership dues

    $333,558

  • 1e · Government grants (contributions)

    $98,808

  • 1f · All other contributions, gifts and grants

    $116,493

  • 2a · Program service revenue: CONCERT INCOME

    total $63,837 · related or exempt $63,837

  • 2b · Program service revenue: TRAVEL REIMBURSEMENTS

    total $44,753 · related or exempt $44,753

  • 2c · Program service revenue: MEDIA SALES

    total $2,170 · related or exempt $2,170

  • 2d · Program service revenue: PROGRAM FEES

    total $375 · related or exempt $375

  • 3 · Investment income

    total $7,868 · excluded $7,868

  • 11a · Other revenue: OTHER INCOME

    total $3,738 · related or exempt $3,738

  • 11e · Other revenue, total

    $3,738

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $92,400 · program services $75,326 · management and general $10,514 · fundraising $6,560

  • 7 · Other salaries and wages

    total $203,776 · program services $166,122 · management and general $23,188 · fundraising $14,466

  • 10 · Payroll taxes

    total $22,658 · program services $18,471 · management and general $2,578 · fundraising $1,609

  • 11c · Fees: accounting

    total $6,589 · management and general $6,589

  • 11g · Fees: other

    total $57,850 · program services $42,491 · management and general $15,359

  • 12 · Advertising and promotion

    total $25,935 · program services $17,465 · fundraising $8,470

  • 13 · Office expenses

    total $18,436 · program services $8,129 · management and general $9,358 · fundraising $949

  • 14 · Information technology

    total $1,556 · program services $778 · management and general $778

  • 16 · Occupancy

    total $43,440 · program services $34,752 · management and general $8,688

  • 17 · Travel

    total $49,554 · program services $49,554

  • 22 · Depreciation, depletion and amortization

    total $1,639 · management and general $1,639

  • 23 · Insurance

    total $5,079 · management and general $5,079

  • 24a · Other expenses: CONCERT EXPENSES

    total $52,211 · program services $52,211

  • 24b · Other expenses: CONSULTANT FEES

    total $20,000 · program services $20,000

  • 24c · Other expenses: MISC ADMIN

    total $10,527 · program services $4,908 · management and general $5,619

  • 24d · Other expenses: DIVERSITY EXPENSES

    total $6,459 · program services $6,459

  • 24e · All other expenses

    total $8,072 · program services $3,313 · management and general $4,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,497 · end of year $124,734

  • 2 · Savings and temporary cash investments

    beginning of year $75,021 · end of year $75,059

  • 3 · Pledges and grants receivable

    beginning of year $58,831 · end of year $85,505

  • 4 · Accounts receivable

    beginning of year $12,936 · end of year $1,274

  • 9 · Prepaid expenses and deferred charges

    beginning of year $238 · end of year $18,250

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

    $60,092

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

    $55,046

  • 10c · Land, buildings and equipment, net

    beginning of year $3,696 · end of year $5,046

  • 11 · Investments: publicly traded securities

    beginning of year $238,719 · end of year $273,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,598 · end of year $16,384

  • 19 · Deferred revenue

    beginning of year $48,040 · end of year $41,135

  • 27 · Net assets without donor restrictions

    beginning of year $256,804 · end of year $305,324

  • 28 · Net assets with donor restrictions

    beginning of year $201,496 · end of year $220,937

Mission and programs · 2024

Mission

THE MISSION IS TO PROVIDE AN OPPORTUNITY FOR YOUNG MUSICIANS TO LEARN, UNDERSTAND, AND PERFORM ALL GENRES OF GREAT CLASSICAL AND JAZZ MUSIC AND TO PROVIDE TRAINING TO PROMOTE THE STUDENTS' PARTICIPATION IN AND LIFELONG UNDERSTANDING AND LOVE OF GREAT CLASSICAL AND JAZZ MUSIC.

Activities or mission (Part I)

TO SPONSOR AND PROMOTE YOUTH ORCHESTRAS IN WAKE COUNTY, NORTH CAROLINA

  • THE ASSOCIATION SEEKS TO FOSTER THE LOVE OF GREAT MUSIC IN YOUNG MUSICIANS BY SPONSORING EIGHT MUSICAL ENSEMBLES. THESE ENSEMBLES INCLUDE THREE FULL SYMPHONY ORCHESTRAS AND THREE STRING ORCHESTRAS THAT STUDY AND PERFORM GREAT CLASSICAL MUSIC. THE DIFFERENT ORCHESTRAS SEEKS TO PROVIDE OPPORTUNITIES TO 4TH THROUGH 12TH GRADE MUSICIANS OF VARIOUS LEVELS OF PROFICIENCY. THE TRIANGLE YOUTH PHILMARMONIC IS THE MOST ADVANCED GROUP; THE TRIANGLE YOUTH SYMPHONY IS FOR MODERATELY ADVANCED MUSICIANS; THE TRIANGLE YOUTH ORCHESTRA IS FOR INTERMEDIATE STUDENTS; THE TRIANGLE YOUTH STRING SINFONIA AND THE TRIANGLE YOUTH STRING ORCHESTRA ARE FOR YOUNG STRING PLAYERS TO DEVELOP THEIR SKILLS; AND THE TRIANGLE YOUTH JAZZ ENSEMBLE IS FOR HIGH SCHOOL STUDENTS INTERESTED IN PERMORMING THE BEST OF THE BIG BAND JAZZ LITERATURE.

    Expenses $499,979 · Revenue $111,135

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Whitney

    EXECUTIVE DI

    Total calculated
    $92,400
    From this org
    $92,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Christin Danchi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Stephanie Petzold

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    3
  • Bob Weise

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Pamela Bash

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Zoila Airall

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Joel Duquene

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Tiffany Haddock

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Steve Hodges

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Mulrooney

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Kelli Partin

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Christopher Short

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Seth Weinreb

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
29 October 2025
IRS schema version
2024v5.0
Source object
202503109349300310

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