Leadership Music
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Final Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $604,260.00 | $1,412,123.00 | |
| Total Expenses | $493,965.00 | $1,056,662.00 | |
| Revenue Less Expenses | ($-0.00) | $110,295.00 | $355,461.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $297,500.00 | $110,000.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $49,632.00 | $162,200.00 | |
| Contributions, Gifts, and Grants | $97,836.00 | $1,105,350.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $160,998.00 | $32,891.00 | |
| Investment Income, Net of Losses | $-2,956.00 | $627.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $1,250.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $1,055.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $324,102.00 | $202,628.00 | |
| Administration Expense | $123,967.00 | $91,374.00 | |
| Fundraising Expense | $45,896.00 | $61,459.00 | |
| Total Revenue/Total Expenses | 122% | 397% | |
| Program Expense/Total Expenses | 66% | 57% | |
| Fundraising Expense/Contributed Revenue | 9% | 17% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Foundations and Corporations $297,500.00 | Contributions, Gifts, Grants $1,105,350.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $160,998.00 | Government Grants $162,200.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $97,836.00 | Foundation and Corporations $110,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,744,017.00 | $1,777,170.00 | |
| Current Assets | $836,215.00 | $1,231,230.00 | |
| Long-Term Liabilities | $0.00 | $53,830.00 | |
| Current Liabilities | $8,910.00 | $9,014.00 | |
| Total Net Assets | $1,735,107.00 | $1,714,326.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,000,000.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financials taken from the 990. Schedule B removed to protect donor privacy. Form 990 completed by Withumsmith+Brown, PC. Comments provided by Nicole Rose 03/28/2023. |
