Skip to content
Nonprofiteer
← LOUISVILLE ACADEMY OF MUSIC INC

Form 990 for tax year 2023

Filed by LOUISVILLE ACADEMY OF MUSIC INC.

Totals

Total revenue
$859,505
Total expenses
$721,241
Contributions and grants received
$349,790
Grants paid
$50,671
Program service revenue
$505,564
Investment income
$3,482
Other revenue
$669
Total assets, end of year
$570,607
Total liabilities, end of year
$55,395
Net assets or fund balances, end of year
$515,212
Program services expenses (Part IX)
$596,188
Management and general expenses
$78,699
Fundraising expenses
$46,354
Program service expenses (Part III)
$596,188

Program services were 82.7% 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

    $349,790

  • 1g · Noncash contributions included above

    $25,000

  • 2a · Program service revenue: LESSONS

    total $490,569 · related or exempt $490,569

  • 2b · Program service revenue: OTHER FEES

    total $6,397 · related or exempt $6,397

  • 2c · Program service revenue: GROUP CLASSES

    total $5,714 · related or exempt $5,714

  • 2d · Program service revenue: SYMPOSIUM

    total $2,884 · related or exempt $2,884

  • 3 · Investment income

    total $3,482 · excluded $3,482

  • 6a · Gross rents

    real property $669

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $669

  • 6d · Net rental income or loss

    total $669 · excluded $669

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,671 · program services $50,671

  • 5 · Compensation of officers, directors and key employees

    total $69,048 · program services $60,199 · management and general $5,468 · fundraising $3,381

  • 7 · Other salaries and wages

    total $379,092 · program services $323,303 · management and general $34,475 · fundraising $21,314

  • 9 · Other employee benefits

    total $179 · management and general $179

  • 10 · Payroll taxes

    total $34,264 · program services $29,331 · management and general $3,044 · fundraising $1,889

  • 11c · Fees: accounting

    total $10,700 · management and general $10,700

  • 11g · Fees: other

    total $56,635 · program services $23,753 · management and general $15,287 · fundraising $17,595

  • 12 · Advertising and promotion

    total $29,345 · program services $29,022 · management and general $109 · fundraising $214

  • 13 · Office expenses

    total $18,217 · program services $13,512 · management and general $4,590 · fundraising $115

  • 14 · Information technology

    total $6,035 · program services $3,656 · management and general $1,839 · fundraising $540

  • 16 · Occupancy

    total $7,445 · program services $7,170 · management and general $275

  • 22 · Depreciation, depletion and amortization

    total $20,499 · program services $18,853 · management and general $1,646

  • 23 · Insurance

    total $7,588 · program services $7,367 · management and general $221

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $13,391 · program services $13,160 · management and general $231

  • 24b · Other expenses: SUPPLIES

    total $9,418 · program services $9,418

  • 24c · Other expenses: EVENT EXPENSES

    total $3,688 · program services $3,523 · fundraising $165

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $2,080 · program services $1,785 · fundraising $295

  • 24e · All other expenses

    total $2,946 · program services $1,465 · management and general $635 · fundraising $846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,451 · end of year $228,769

  • 2 · Savings and temporary cash investments

    beginning of year $93,325 · end of year $96,807

  • 3 · Pledges and grants receivable

    beginning of year $12,411 · end of year $17,258

  • 4 · Accounts receivable

    beginning of year $3,140 · end of year $0

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

    $468,416

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

    $240,643

  • 10c · Land, buildings and equipment, net

    beginning of year $215,999 · end of year $227,773

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,089 · end of year $50,239

  • 19 · Deferred revenue

    beginning of year $1,289 · end of year $5,156

  • 27 · Net assets without donor restrictions

    beginning of year $316,099 · end of year $346,013

  • 28 · Net assets with donor restrictions

    beginning of year $60,849 · end of year $169,199

Mission and programs · 2023

Mission

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 OF MUSIC (LAM) PROVIDES LONG-TERM MENTORSHIP, TRANSFERABLE LIFE SKILLS, AND A WELCOMING COMMUNITY THROUGH MUSIC LESSONS. WE ARE THE OLDEST AND LARGEST NON-PROFIT SCHOOL OF CLASSICAL MUSICAL INSTRUCTION IN OUR REGION. OUR DEGREED FACULTY TAUGHT OVER 500 STUDENTS FROM MORE THAN 50 ZIP CODES, AGED 3-83, IN INSTRUMENTS, VOICE, AND COMPOSITION THIS PAST YEAR.

    Expenses $421,549 · Revenue $446,564

  • THE PURPOSE OF THE LAM SCHOLARSHIP PROGRAM IS TO BREAK DOWN BARRIERS, BUILD PATHWAYS, AND CREATE ACCESS TO LEARNING AND EXCELLING AT A MUSICAL INSTRUMENT. MUSIC OPENS DOORS TO SUCCESS IN ANY FIELD AND OUR MISSION IS TO PROVIDE EDUCATION, SUPPORT, AND MENTORSHIP FOR ANY STUDENT WHO IS WILLING AND DEVOTED NO MATTER THEIR SOCIO-ECONOMIC STATUS. WE BELIEVE MUSIC IS FOR EVERYONE. OUR PROGRAM PROVIDES CRUCIAL ONE ON ONE SUPPORT TO THOSE STUDENTS WHO ARE PASSIONATE ABOUT LEARNING AN INSTRUMENT BUT UNABLE TO AFFORD PRIVATE INSTRUCTION. WE VALUE THE UNIQUE OPPORTUNITIES THAT INDIVIDUAL ATTENTION AND LONG TERM STUDY PROVIDE A STUDENT.

    Expenses $50,670 · Grants $50,670

  • BEYOND LESSONS, LAM CULTIVATES A VIBRANT MUSICAL COMMUNITY THROUGH PERFORMANCES, EDUCATIONAL ENRICHMENT, COMMUNITY PARTNERSHIPS, AND SPECIAL PROGRAMS. FOR EXAMPLE OUR PUBLIC SCHOOL PROGRAMS REACHED THOUSANDS OF PEOPLE, OUR ANNUAL SUMMER SYMPOSIUM OFFERS SPECIALIZED TRACKS IN CHAMBER MUSIC AND COMPOSITION, AND OUR COMPOSER OF THE YEAR PROGRAM HIGHLIGHTS UNDERREPRESENTED CLASSICAL COMPOSERS. LAM OFFERS A UNIQUELY WELCOMING AND SUPPORTIVE COMMUNITY WITH PROGRAMMING THAT BLENDS TRADITION AND INNOVATION, INSPIRING THE NEXT GENERATION OF MUSICIANS AND CITIZENS TO HARNESS MUSIC AND ARTISTIC EXPRESSION FOR PERSONAL AND COMMUNITY GROWTH.

    Expenses $123,969 · Revenue $59,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LUKE DARVILLE

    DIRECTOR

    Total calculated
    $7,695
    From this org
    $7,695
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • WILL OLDHAMQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELEANOR LIVINGSTON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANNA HAYEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SHERONDA SHORTER

    DIRECTOR (THRU 9/2023)

    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

  • BERT GRIFFIN

    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
2023
Filed
16 March 2025
IRS schema version
2023v6.0
Source object
202520999349301967

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.