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Young Artists Conservatory Of Music

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Music (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$460k (2023)

Expenses
$439k (2023)

Total Assets
$333k (2023)

Total Liabilities
$177k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$459,777
Expenses
$439,441
Net Income
$20,336
Net Assets
$156,430
Notable Sources of Revenue Percent of Total Revenue
Contributions $108,164
23.5%
Program Services $351,575
76.5%
Investment Income $38
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $28,000
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $87,329
19.9%
Assets/Debt
Total Assets $333,021
Total Liabilities $176,591
Net Assets $156,430
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wanda Cook (Executive Director And Former Brd Director) $28,000 $0 $0
Kevin Phillips (President Of Bo D) $0 $0 $0
Jason Marcus (Secretary Of Bo D) $0 $0 $0
Mario Valadez (Treasurer Of Bo D) $0 $0 $0
Christine Brockman (Director) $0 $0 $0
Matthew Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$410,382
Expenses
$412,831
Net Income
-$2,449
Net Assets
$136,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $146,486
35.7%
Program Services $263,881
64.3%
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $42,000
10.2%
Professional Fundraising Fees $0
Other Salaries and Wages $71,506
17.3%
Assets/Debt
Total Assets $327,734
Total Liabilities $191,217
Net Assets $136,517
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wanda Cook (Executive Director And Former Brd Director) $42,000 $0 $0
Kevin Phillips (President Of Bo D) $0 $0 $0
Jason Marcus (Secretary Of Bo D) $0 $0 $0
Ivan Jones (Treasurer Of Bo D) $0 $0 $0
Christine Brockman (Director) $0 $0 $0
Matthew Thomas (Director) $0 $0 $0
Mario Valadez (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$272,308
Expenses
$292,798
Net Income
-$20,490
Net Assets
$140,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,468
28.1%
Program Services $195,797
71.9%
Investment Income $43
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $25,843
8.8%
Assets/Debt
Total Assets $340,163
Total Liabilities $199,679
Net Assets $140,484
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wanda Cook (Executive Director) $42,000 $0 $0
Kevin Phillips (President Of Bo D) $0 $0 $0
Jason Marcus (Secretary Of Bo D) $0 $0 $0
Ivan Jones (Treasurer Of Bo D) $0 $0 $0
Christine Brockman (Director) $0 $0 $0
Andrea Whittet (Director) $0 $0 $0
Tom Davies (Director) $0 $0 $0
Matthew Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$508,143
Expenses
$472,069
Net Income
$36,074
Net Assets
$80,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,389
28.4%
Program Services $360,739
71.0%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $3,013
0.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $95,053
20.1%
Assets/Debt
Total Assets $186,971
Total Liabilities $106,685
Net Assets $80,286

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$557,153
Expenses
$567,858
Net Income
-$10,705
Net Assets
$42,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $112,339
20.2%
Program Services $439,964
79.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,849
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $31,920
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $91,374
16.1%
Assets/Debt
Total Assets $146,881
Total Liabilities $104,222
Net Assets $42,659

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$536,565
Expenses
$538,836
Net Income
-$2,271
Net Assets
$50,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,070
23.7%
Program Services $415,521
77.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$6,026
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,442
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $80,815
15.0%
Assets/Debt
Total Assets $154,253
Total Liabilities $103,772
Net Assets $50,481

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$519,072
Expenses
$558,307
Net Income
-$39,235
Net Assets
$53,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,322
12.6%
Program Services $454,543
87.6%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $600
0.1%
Net Fundraising -$1,396
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,720
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $91,932
16.5%
Assets/Debt
Total Assets $164,121
Total Liabilities $110,856
Net Assets $53,265

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$512,412
Expenses
$514,585
Net Income
-$2,173
Net Assets
$96,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,813
14.8%
Program Services $434,224
84.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,245
0.2%
Net Fundraising $1,130
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $139,684
Total Liabilities $43,202
Net Assets $96,482

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$464,775
Expenses
$472,047
Net Income
-$7,272
Net Assets
$58,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,984
6.2%
Program Services $434,590
93.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,200
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,729
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $75,646
16.0%
Assets/Debt
Total Assets $131,987
Total Liabilities $73,777
Net Assets $58,210

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,458
Expenses
$474,282
Net Income
-$1,824
Net Assets
$65,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,351
1.8%
Program Services $455,260
96.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,300
0.3%
Net Fundraising $7,546
1.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,840
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $48,851
10.3%
Assets/Debt
Total Assets $137,977
Total Liabilities $72,495
Net Assets $65,482

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$544,638
Expenses
$549,666
Net Income
-$5,028
Net Assets
$67,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,205
3.3%
Program Services $519,548
95.4%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,200
0.2%
Net Fundraising $5,681
1.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $68,955
12.5%
Assets/Debt
Total Assets $137,490
Total Liabilities $70,184
Net Assets $67,306

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$360,826
Expenses
$365,634
Net Income
-$4,808
Net Assets
$72,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,751
10.5%
Program Services $323,764
89.7%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,000
0.3%
Net Fundraising -$1,694
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,487
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $13,677
3.7%
Assets/Debt
Total Assets $123,059
Total Liabilities $50,725
Net Assets $72,334

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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