Producers INC FY2022 filing

Tax-deductible

Louisville, KY501(c)(3)EIN 31-1027597

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To enhance the ypas experience by providing financial support to ensure our gifted and talented students have the opportunity to fully develop their skills and to excel artistically and academically

501(c)(3) charity; gifts are tax-deductible.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $78K a year · 191% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
+70% vs prior year
Spent
$153K
To programs
0%
Net assets
$336K
By yearFY2020–FY2024
Revenue
$55K
FY2022▲ +70%
Revenue by fiscal year
FY2020$35K
FY2021$32K
FY2022$55K
FY2023$102K
FY2024$100K
Expenses
$153K
FY2022▲ +123%
Expenses by fiscal year
FY2020$132K
FY2021$69K
FY2022$153K
FY2023Not on file
FY2024Not on file
Net assets
$336K
FY2022▼ -28%
Net assets by fiscal year
FY2020$487K
FY2021$469K
FY2022$336K
FY2023$15K
FY2024$345K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$13,110Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Communications Chair
$0Pt VII · Sec A
Hospitality Chair
$0Pt VII · Sec A
Scholarship Chair
$0Pt VII · Sec A
Membership Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022
Sarah Stalker$4,020$13,110

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports gifted students to develop skills and excel artistically and academically.

Provided by the organization

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3 program services account for $102K of program spending, described in the organization's own filed words · FY2021.
01

We fund ongoing enrichment of ypas students in each of the 9 departments, including specialized COACHES/INSTRUCTORS, master classes, accompanists (for rehearsals, performances, and auditions), software used by musicians, vocal majors, and others to r

$85Kprogram expense
02

Scholarships are awarded to graduating students from ypas interested in pursuing the arts through traditional and non-traditional routes. A bonus usd 500 scholarship is awarded to the student scoring the highest during the full interview and application

$16Kprogram expense
03

Student services and other programs we coordinate and provide funding for student and other services including career day where college representatives present their programs to the seniors to assist them in making college choices an orientation p

$2Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$16K
Grants paid · 13 grants · $125K · 2019–2021
Unitemized GrantFY2021$15,500
Unitemized GrantFY2020$32,000
Youth Performing Arts School - GuitarFY2020$1,700
Youth Performing Arts School - TheatreFY2020$1,267
Youth Performing Arts School - Musical TheaterFY2020$1,200
Youth Performing Arts School - BandFY2020$745
Youth Performing Arts School - DanceFY2020$600
Youth Performing Arts School - VocalFY2020$420
Youth Performing Arts School - DesiFY2019$17,716
Unitemized GrantFY2019$15,000
Youth Performing Arts School - BandFY2019$13,842
Youth Performing Arts School - VocaFY2019$12,642
Youth Performing Arts School - DancFY2019$12,035

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Gifts and grantsLn 1h$37K
Investment incomeLn 3$11K
Other incomeLn 4–11$7K
Money outPt IX
$153K
Ln 25
Owns and owesPt X
$336K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$336K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Investment incomeLn 3$11K
Other incomeLn 4–11$7K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$102K
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$197K
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$336K
LiabilitiesLn 26$0
Net assetsLn 32$336K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$26K$113K
InvestmentsLn 11–13$417K$197K
Land, buildings, equipmentLn 10c$27K$26K
Total assetsLn 16$469K$336K
LiabilitiesLn 26$0$0
Net assetsLn 32$469K$336K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$13K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$42K
Office expensesLn 13$141
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$59K
All other expensesLn 24e$34K
Total functional expensesLn 25$153K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $100K$345K 990 PDF
FY2023 $102K$15K 990 PDF
FY2022 Viewing $55K$153K−$98K$336K 990 PDF
FY2021 $32K$69K−$37K$469K 990 PDF
FY2020 $35K$132K−$98K$487K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $54,696 across 6 lines filed
VIII-1b Membership dues$5,122
VIII-1f All other contributions, gifts and grants$8,590
VIII-1h Total contributions, gifts and grants$37,003
VIII-3 Investment income$10,707
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$6,986
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$54,696
Part IX · Statement of functional expenses $153,185 across 8 lines filed
IX-5 Pay of current officers, directors and key staff$13,110
IX-11c Accounting fees$2,424
IX-11g Other fees for services$41,704
IX-13 Office expenses$141
IX-22 Depreciation, depletion and amortization$1,290
IX-23 Insurance$1,518
IX-24 Other expenses (24a–d)$59,340
IX-24e All other expenses$33,658
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$153,185
Part X · Balance sheet $336,465 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $25,621$11,019
X-2 Savings and temporary cash investments$102,434
X-10c Land, buildings and equipment, netStart of year $26,892$25,602
X-11 Publicly traded securitiesStart of year $416,959$197,410
X-16 Total assetsStart of year $469,472$336,465
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $469,472$336,465
X-33 Total liabilities and net assetsStart of year $469,472$336,465
Part XI · Reconciliation of net assets $336,465 net assets at year end
XI-1 Total revenue$54,696
XI-2 Total expenses$153,185
XI-3 Revenue less expenses−$98,489
XI-4 Net assets at start of year$469,472
XI-10 Net assets at end of year$336,465

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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