Skip to content
Nonprofiteer
← LOUISVILLE ACADEMY OF MUSIC INC

Form 990 for tax year 2022

Filed by LOUISVILLE ACADEMY OF MUSIC INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 1 April 2024. 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
$223,091
Total expenses
$228,266
Contributions and grants received
$6,816
Grants paid
$9,185
Program service revenue
$216,225
Investment income
$50
Other revenue
$0
Total assets, end of year
$367,451
Total liabilities, end of year
$38,663
Net assets or fund balances, end of year
$328,788
Program services expenses (Part IX)
$195,394
Management and general expenses
$20,794
Fundraising expenses
$12,078
Program service expenses (Part III)
$195,394

Program services were 85.6% 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

    $6,816

  • 2a · Program service revenue: LESSONS

    total $194,027 · related or exempt $194,027

  • 2b · Program service revenue: OFF CAMPUS WORKSHOPS

    total $17,080 · related or exempt $17,080

  • 2c · Program service revenue: REGISTRATIONS AND OTHE

    total $5,118 · related or exempt $5,118

  • 3 · Investment income

    total $50 · excluded $50

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,185 · program services $9,185

  • 7 · Other salaries and wages

    total $161,506 · program services $149,038 · management and general $6,306 · fundraising $6,162

  • 10 · Payroll taxes

    total $12,350 · program services $11,397 · management and general $482 · fundraising $471

  • 11g · Fees: other

    total $14,999 · program services $7,269 · management and general $2,340 · fundraising $5,390

  • 12 · Advertising and promotion

    total $285 · program services $281 · fundraising $4

  • 13 · Office expenses

    total $5,624 · program services $4,635 · management and general $964 · fundraising $25

  • 14 · Information technology

    total $1,065 · program services $516 · management and general $549

  • 16 · Occupancy

    total $9,570 · program services $4,509 · management and general $5,061

  • 22 · Depreciation, depletion and amortization

    total $4,603 · program services $3,920 · management and general $683

  • 23 · Insurance

    total $2,811 · program services $2,484 · management and general $327

  • 24a · Other expenses: SUPPLIES

    total $2,452 · program services $1,487 · management and general $965

  • 24b · Other expenses: PAYROLL PROCESSING

    total $1,892 · management and general $1,892

  • 24c · Other expenses: MISCELLANEOUS

    total $1,019 · program services $673 · management and general $320 · fundraising $26

  • 24d · Other expenses: 401K PLAN FEES

    total $905 · management and general $905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,416 · end of year $170,858

  • 2 · Savings and temporary cash investments

    beginning of year $92,639 · end of year $92,689

  • 3 · Pledges and grants receivable

    beginning of year $20,236 · end of year $9,389

  • 4 · Accounts receivable

    beginning of year $17 · end of year $4,930

  • 8 · Inventories for sale or use

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

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

    $291,059

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

    $204,764

  • 10c · Land, buildings and equipment, net

    beginning of year $88,148 · end of year $86,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,783 · end of year $38,663

  • 27 · Net assets without donor restrictions

    beginning of year $254,629 · end of year $286,648

  • 28 · Net assets with donor restrictions

    beginning of year $79,334 · end of year $42,140

Mission and programs · 2022

Mission

WE BELIEVE THERE SHOULD BE NO BARRIERS TO ACCESSING THE WORLD OF CLASSCIAL MUSIC. LEARNING AN INSTRUMENT DEVELOPS CRITICAL, CREATIVE THINKERS WHO CAN SET AND ACCOMPLISH THEIR OWN GOALS - LIEFELONG SKILLS THAT CAN BE USED TO ACHIEVE DREAMS IN ANY FIELD. THE JOY OF MUSIC AND THE BENEFITS OF LEARNING AN INSTRUMENT SHOULD BE AVAILABLE TO ANY STUDENT WHO IS WILLING AND DEVOTED, NO MATTER THEIR SOCIO-ECONOMIC STATUS. MUSIC BELONGS TO EVERYONE.

Activities or mission (Part I)

SEE SCHEDULE O.

  • WEEKLY, LAM TEACHES OVER 400 STUDENTS AGES 3-83, FROM MORE THAN 50 ZIP CODES. WITH STUDENT ENROLLMENT INCREASING 30% IN THE LAST 3 YEARS, OUR 19 FACULTY TEACH OVER 12,000 LESSONS ANNUALLY. OUR CORE PROGRAMMING FOCUSES ON LONG TERM LEARNING THROUGH WEEKLY INDIVIDUAL INSTRUMENT AND VOICE INSTRUCTION. THROUGH STUDYING AN INSTRUMENT OUR STUDENTS LEARN SKILLS, WHILE DEVELOPING DISCIPLINE, POISE, AND CONFIDENCE THAT HELP THEM AS THEY MATURE AND CHOOSE THEIR LIFE PATH. WE ARE DEVOTED TO TRAINING SERIOUS MUSICIANS WHO WILL BECOME CREATIVE, INSPIRED CITIZENS.

    Expenses $181,970 · Grants $9,185 · Revenue $194,027

  • 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. SINCE THE PROGRAM'S 2018 INCEPTION, MUSIC FOR EVERYONE HAS GROWN EXPONENTIALLY IN RESPONSE TO INCREASING INTEREST WE REACHED 2,000 YOUTH IN THE LOCAL COMMUNITY LAST YEAR. SUPPORT OF MUSIC FOR EVERYONE WILL HELP SUSTAIN OUR EFFORTS TO MAKE MUSIC EDUCATION WIDELY ACCESSIBLE TO DESERVING STUDENTS, REGARDLESS OF SOCIO-ECONOMIC STATUS.

    Expenses $13,424 · Revenue $22,198

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
    $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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA CALLAWAY

    EXECUTIVE DIRECTOR

    Total calculated
    $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
14 April 2023
IRS schema version
2022v5.0
Source object
202301059349300100

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.