YOUNG ARTISTS HARP SEMINARS INC

EIN: 261230825 501(c)(3) Arts, Culture & Humanities

CAMDEN, ME

Total Revenue
$111,830
Total Expenses
$118,231
Total Assets
$2,324
Net Assets
$-47,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
GA
Principal Officer
SUSAN BRADY
Phone
4046437871
Tax Period
2024-01-01 to 2024-12-31

YOUNG ARTISTS HARP SEMINARS INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $112K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO EDUCATE, INSPIRE, AND GROW TODAY'S HARPISTS; TO SERVE AS AN EDUCATIONAL AND MENTORING RESOURCE FOR STUDENTS, ALUMNI, AND THE HARP COMMUNITY; AND TO ASSUME A LEADERSHIP ROLE IN ESTABLISHING NEW PROGRAMS, TEACHING METHODS, OPPORTUNITIES, AND PERFORMANCES FOR HARPISTS.

Program Service Accomplishments

Program 1
Expenses: $44,966 Revenue: $111,831

SINCE THE ORGANIZATION'S FORMATION IN 2007, IT HAS QUICKLY BECOME ONE OF THE PRE-EMINENT SUMMER TRAINING PROGRAMS FOR TODAY'S YOUNG HARPISTS. YOUNG ARTIST'S HARP SEMINAR IS OPEN TO PEDAL HARPISTS...

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SINCE THE ORGANIZATION'S FORMATION IN 2007, IT HAS QUICKLY BECOME ONE OF THE PRE-EMINENT SUMMER TRAINING PROGRAMS FOR TODAY'S YOUNG HARPISTS. YOUNG ARTIST'S HARP SEMINAR IS OPEN TO PEDAL HARPISTS AGES 12-26 WHO WANT TO FOCUS ENTIRELY ON THE HARP WITHOUT DISTRACTION. THE PROGRAM IS DESIGNED TO IMPROVE PERFORMANCE SKILLS AND PRACTICE HABITS AND INTENSIFY PREPARATION FOR SOLO PERFORMANCES, ORCHESTRAL AUDITIONS, AND COMPETITIONS. STUDENTS ARE EXPECTED TO SPEND A PERIOD OF TIME EACH DAY IN INTENSIVE PRACTICE. OTHER TIME IS SPENT IN GUIDED PRACTICE, LESSONS, AND MASTERCLASSES, ALONG WITH RECREATIONAL AND SOCIAL ACTIVITIES. THE ORGANIZATION HAS NURTURED THE TALENTS OF HUNDERS OF YOUNG MUSICIANS. YOUNG ARTIST'S HARP SEMINAR ALUMNI HAVE PURSUED CAREERS IN HARP AT TOP MUSIC SCHOOLS AND CONSERVATORIES THROUGHOUT THE COUNTRY, INCLUDING JUILLIARD, THE CURTIS INSTITUTE OF MUSIC, THE CLEVELAND INSTITUTE OF MUSIC, THE PARIS CONSERVATORY, THE EASTMAN SCHOOL OF MUSIC, THE MANHATTAN SCHOOL OF MUSIC, ROOSEVELT COLLEGE, OBERLIN CONSERVATORY, TEMPLE UNIVERSITY, RICE UNIVERSITY, THE UNIVERSITY OF MICHIGAN, THE UNIVERSITY OF TORONTO, AND THE PEABODY INSTITUTE, TO NAME JUST A FEW.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $111,830
Investment Income $0
Other Revenue $0
TOTAL REVENUE $111,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,353
Program Expenses $44,966
Other Expenses $118,231
TOTAL EXPENSES $118,231

Year-over-Year Comparison

2024 2023 Change
Revenue $111,830 $124,164 -0.1%
Expenses $118,231 $120,292 0.0%
Net Income $-6,401 $3,872 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN ANDREWS BOARD MEMBER 1.00
Director
$0 $0 $0
ROBBIN GORDON CARTIER BOARD MEMBER 1.00
Director
$0 $0 $0
JONI HOFFMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY LOMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANN SIOCHI BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN BRADY PRESIDENT 10.00
Officer
$0 $0 $0
HUGH BROCK TREASURER 3.00
Officer
$0 $0 $0
KIMBERLY ROWE VICE PRESIDE 10.00
Officer
$0 $0 $0
ANGELA SCHWARZKOPF SECRETARY 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $111,830 $118,231 $2,324 $-6,401
2023 $124,164 $120,292 $11,175 $3,872
2022 $92,671 $123,130 $11,535 $-30,459
2021 $40,002 $47,251 $46,852 $-7,249
2020 $31,043 $46,130 $55,655 $-15,087
2019 $114,113 $123,033 $9,242 $-8,920
2018 $144,073 $138,889 $18,162 $5,184
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