Overview
What is Central Kentucky Youth Orchestra Society Inc?
Central Kentucky Youth Orchestra Society Inc is a nonprofit organization situated in Lexington, Kentucky, specifically at 161 North Mill Street. It offers audition-based orchestras and musical ensembles for talented young musicians, providing them with a platform to showcase their skills and advance their musical education. To participate, students must pass an audition, meet a certain musical level, and pay tuition. The ensembles are competitive and perform at a high level of excellence, surpassing what local public and private schools offer. The society fosters high-quality musical opportunities for these young musicians, cooperating with both public and private schools. By doing so, it aims to instill a lifelong love of music in dedicated musicians. The organization enriches the lives of its student members through a dynamic curriculum focused on developing musical excellence at various levels of experience. Furthermore, it seeks out strategic partnerships to remain responsive to the community's needs. Weekly rehearsals and three mainstage concerts each school year are part of the schedule, with opportunities for chamber ensembles, masterclasses, and travel to further enhance the musical education of its members. Scholarships are available for those in financial need, ensuring that everyone can benefit from the society's programs. With a workforce of six dedicated individuals, Central Kentucky Youth Orchestra Society Inc is committed to nurturing and supporting the talents of young musicians in its community.
Official website here: www.ckyo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Central Kentucky Youth Orchestra Society Inc has received a 77% rating, indicating a solid reputation in accountability and finance. This score is derived solely from a comprehensive evaluation of its financial practices and governance. The organization demonstrates strong commitment to transparency and ethical operations, highlighted by its all-independent board and adherence to policies that mitigate conflicts of interest and protect whistleblower rights.
Strengths of the organization include a significant commitment to program expenses, with 72.58% of its expenditures directed toward programs, which ensures that the majority of funding is used effectively to further its mission. Furthermore, the organization has an excellent track record in asset management, maintaining a low liabilities-to-assets ratio of 0.66%. This financial stability is indicative of responsible management practices and the ability to sustain operations over time.
However, the rating reflects only the financial and governance aspects, and further insights into programmatic effectiveness, community impact, or long-term strategic goals are not covered in this rating. Prospective donors and stakeholders may want to consider looking into additional qualitative factors to get a comprehensive view of the organization's overall performance and impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Central Kentucky Youth Orchestra Society Inc legitimate?
Central Kentucky Youth Orchestra Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Kentucky Youth Orchestra Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,275
For more financial information, click here
Official website here: www.ckyo.org
What is the mission statement of Central Kentucky Youth Orchestra Society Inc?
The Central Kentucky Youth Orchestra Society Inc's mission is centered around providing high-quality musical opportunities for talented young musicians. In collaboration with both public and private schools, the organization aims to ensure equitable access to these opportunities. The society's mission also involves fostering a lifelong love of music in dedicated young musicians. Through a dynamic curriculum, CKYO focuses on developing musical excellence at various levels of experience. The organization seeks strategic partnerships to maintain its responsiveness to the community's needs. By doing so, it enriches the lives of its student members, offering them a wide range of experiences and opportunities.
Official website here: www.ckyo.org
Who is the CEO of Central Kentucky Youth Orchestra Society Inc?
Candace James is the President of Central Kentucky Youth Orchestra Society Inc.
Official website here: www.ckyo.org
What is the revenue of Central Kentucky Youth Orchestra Society Inc?
Central Kentucky Youth Orchestra Society Inc's revenue in 2023 was $556,060.
Official website here: www.ckyo.org
Who are the executives of Central Kentucky Youth Orchestra Society Inc and what are their salaries?
The average compensation at Central Kentucky Youth Orchestra Society Inc during 2023 was $29,379. There are 6 employees and 275 volunteers at Central Kentucky Youth Orchestra Society Inc.
Here are 23 key members and their salaries:
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- Other: $17,550
Official website here: www.ckyo.org
Where can I find the form 990 for Central Kentucky Youth Orchestra Society Inc?
Central Kentucky Youth Orchestra Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ckyo.org
Learn more at the official website: www.ckyo.org
Mission Statement of Central Kentucky Youth Orchestra Society Inc
Central Kentucky Youth Orchestra Society Inc is committed to offering high-quality musical experiences for talented young musicians. Their mission, in collaboration with public and private schools, is to provide equitable access to these opportunities and foster a lifelong love of music among dedicated youth musicians. The society enriches the lives of its student members through a dynamic curriculum, focusing on the development of musical excellence at various levels of experience. Central Kentucky Youth Orchestra Society Inc seeks out strategic partnerships to ensure its responsiveness to the needs of the community, thereby maintaining its relevance and impact in the realm of music education.
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Impact
July, 2024
Central Kentucky Youth Orchestra Society Inc's impact is significant in fostering high-quality musical opportunities for talented young musicians in the Lexington area. By providing audition-based orchestras and musical ensembles that operate at a level of excellence beyond typical school ensembles, CKYO helps students develop their musical skills and passion for music. Through weekly rehearsals, mainstage concerts, chamber ensembles, masterclasses, and even travel opportunities, CKYO enriches the lives of its student members and contributes to the musical education of the community. Additionally, the organization offers scholarships to ensure that financial barriers do not hinder dedicated young musicians from participating in these transformative experiences. CKYO's mission to provide equitable access to top-notch musical opportunities and cultivate a lifelong love of music is evident in the impact it has on the young musicians it serves.
This information is meant to be a general summary of Central Kentucky Youth Orchestra Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $31,766
- Program Service Revenue: $192,002
- Gross Receipts: $603,701
Assets and Liabilities:
- Total Assets: $668,058
- Total Liabilities: $4,435
- Net Assets: $663,623
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$141,331
PERFORMANCES
Revenue
$25,860
FUNDRAISING ACTIVITIES
Revenue
$13,367
PROGRAM AD SALES
Revenue
$11,444
Organization Details
Founding Year
1972
Phone
(859) 254-0796Principal Officer
Candace James
Main Address
161 NORTH MILL STREET, LEXINGTON, KY, 40507
Website
www.ckyo.orgIf you are a representative of Central Kentucky Youth Orchestra Society Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.