Better Business Bureau Report for
Louisville Youth Orchestra

Better Business Bureau Report issued February 2018
Better Business Bureau Report expires February 2020


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Louisville Youth Orchestra
Address: PO Box 997
  Louisville , KY 40201
Phone: 502-896-1851
Web Address: www.lyo.org
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Better Business Bureau Comments

Year, State Incorporated: 1958, Kentucky
Affiliates: None
Stated Purpose: Louisville Youth Orchestra's mission is to provide a musical experience of the highest quality for all dedicated young musicians and to provide artful and meaningful education programs for young and under-served audiences throughout its diverse communities regardless of race, gender, creed, sexual orientation, gender identity, cultural heritage or economic circumstance.

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Evaluation Conclusions

              

Louisville Youth Orchestra meets the 20 Standards for Charity Accountability.
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Programs

              

The Louisville Youth Orchestra was founded in 1958 and is one of the oldest continuously operating youth orchestras in the nation. Members include students from Jefferson County and 17 surrounding counties (including Southern Indiana) between the ages of 5 and 21 who perform in one of two full orchestras, two string ensembles, two beginning string classes (majority at-risk), flute ensemble, single reed ensemble, double reed ensemble, brass ensemble or percussion ensemble. Each string ensemble offers an increasing range of expertise and ability level from beginner to pre-professional. The wind ensembles are designed to prepare students for membership in one of two, top level, full orchestras. Thepercussion ensemble is dedicated to providing supplemental educational and performance experience. The Louisville Youth Orchestra has a 38% minority mix and now provides scholarships based on need to 27% of its members. The organization draws members from 90 schools across the region who perform at a variety of locations throughout the area. The organization is dedicated to offering performances to Metro-Louisville and surrounding counties. Its vision is to offer a superior orchestral experience to any young musician who wishes to participate and to expand its performance reach to diverse communities with an emphasis on youth audiences. It is committed to providing a means of participation for any child by addressing all barriers including economic circumstances and physical challenges. The organization plans to accomplish this by continuing to offer beginning string programs throughout the area and to develop an infrastructure to accommodate these and all other musicians as they continue to perfect their art. As it continues to grow in size it also envisions artistic growth via higher quality performances of increasingly more challenging musical material.

For the fiscal year ended June 30, 2017, Louisville Youth OrchestraLouisville Youth Orchestra 's program expenses were:

  
Program & Production 300,198
Total Program Expenses: $300,198
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Governance

              

Chief Executive : Melody Welsh, Executive Director
Compensation*: 
$66,613

Chair of the Board: Kyle Vaughn
Chair's Profession / Business Affiliation: attorney

Board Size: 17

Paid Staff Size: 15

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Direct mail, grant proposals, internet, cause-related marketing, membership
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $347,026, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Louisville Youth Orchestra's audited financial statements for the fiscal year ended June 30, 2017.

Ending net assets as reported below include $131,548 in unrestricted net assets, $51,000 in temporarily restricted net assets and $220,253 in permanently restricted net assets.

Total assets as reported include $3,438 invested in property, land,and equipment.

Source of Funds  
Membership Fees 149,508
Corporate and Individual Patron 117,886
Fund for the Arts 51,000
Ticket Sales 29,036
Donated Facilities and Services 17,000
State Government Grant 11,632
Unrealized losses on endowment 5,674
Interest Income 315
Total Income $382,051


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Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 4%  Administrative: 16% 

Total income $382,051
Program expenses $300,198
Fund raising expenses 15,465
Administrative expenses 60,491
Total expenses $376,154
Income in Excess of Expenses 5,897
Beginning net assets 396,904
Ending net assets 402,801
Total liabilities 26,350
Total assets $429,151


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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