2023-04-14T22:39:03-05:00 2022-05-31 990 2022-01-01 610530107 LOUISVILLE ACADEMY OF MUSIC INC LOUI 5028937885 2740 FRANKFORT AVE LOUISVILLE KY 40206 SARA CALLAWAY EXECUTIVE DIRECTOR 5028937885 2023-04-14 SARA CALLAWAY 999009999 0 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LOUISVILLE ACADEMY OF MUSIC SARA CALLAWAY 2740 FRANKFORT AVE LOUISVILLE KY 40206 223091 0 X WWW.LOUISVILLEACADEMYOFMUSIC.ORG X 1954 KY SEE SCHEDULE O. 7 7 0 0 0 0 127040 6816 332712 216225 234 50 880 0 460866 223091 0 9185 0 0 318209 173856 0 0 12078 81778 45225 399987 228266 60879 -5175 339746 367451 5783 38663 333963 328788 X 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. 0 0 181970 9185 194027 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. 13424 22198 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. 195394 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 0 0 KY X X SARA CALLAWAY 5028937885 2740 FRANKFORT AVE LOUISVILLE KY 40206 X LUKE DARVILLE DIRECTOR 1.00 X 0 0 0 WILL OLDHAM DIRECTOR 1.00 X 0 0 0 ELEANOR LIVINGSTON TREASURER 2.00 X X 0 0 0 ANNA HAYDEN SECRETARY 2.00 X X 0 0 0 SHERONDA SHORTER DIRECTOR 1.00 X 0 0 0 DAVID HANDMAKER DIRECTOR 1.00 X 0 0 0 EDWARD WHITE DIRECTOR 1.00 X 0 0 0 SARA CALLAWAY EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 6816 6816 LESSONS 611610 194027 194027 OFF CAMPUS WORKSHOPS 611610 17080 17080 REGISTRATIONS AND OTHE 611610 5118 5118 216225 50 50 223091 216225 0 50 9185 9185 161506 149038 6306 6162 12350 11397 482 471 14999 7269 2340 5390 285 281 4 5624 4635 964 25 1065 516 549 9570 4509 5061 4603 3920 683 2811 2484 327 SUPPLIES 2452 1487 965 PAYROLL PROCESSING 1892 1892 MISCELLANEOUS 1019 673 320 26 401K PLAN FEES 905 905 228266 195394 20794 12078 135416 170858 92639 92689 20236 9389 17 4930 3290 3290 291059 204764 88148 86295 339746 367451 5783 38663 5783 38663 X 254629 286648 79334 42140 333963 328788 339746 367451 -5175 0 X 0 0 0 X 96059 50683 45376 195000 154081 40919 86295 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 SCHOLARSHIPS 22 9185 VALUE OF LESSONS RECEIVED FORM 990, PART I, LINE 1 THE LOUISVILLE ACADEMY OF MUSIC PROVIDES AN INCLUSIVE COMMUNITY THAT NURTURES THE GROWTH AND DEVELOPMENT OF STUDENTS, NOT SOLELY AS MUSICIANS, BUT ALSO AS CREATIVE, INSPIRED PEOPLE. FORM 990, PART VI, SECTION A, LINE 8B NOT ALL COMMITTEES CONSISTENTLY KEPT MINUTES. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FORM 990 WAS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. IN CONNECTION WITH ANY POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FNANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO TEH DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS IN CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BAORD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES THAT DON'T PRODUCE A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED COMPARABLE SALARIES OF ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION AMOUNT WAS PRESENTED AND APPROVED BY THE BOARD. THE DELIBERATION HAS BEEN DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. THE ORGANIZATION SHARES ITS 990 UPON REQUEST AS WELL AS HAVING A LINK TO THE FORM 990 ON THEIR WEBPAGE. THE ORGANIZATION HAS ALSO COMPLETED THE SILVER TRANSPARENCY STAR ON GUIDESTAR.