YOUTH MUSIC PROJECT

EIN: 460923905 501(c)(3) Arts, Culture & Humanities

WEST LINN, OR

Total Revenue
$2,043,070
Total Expenses
$2,285,050
Total Assets
$1,371,128
Net Assets
$1,208,763
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
OR
Principal Officer
TRAVIS MAGRANE
Phone
5036165967
Tax Period
2024-01-01 to 2024-12-31

YOUTH MUSIC PROJECT, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE OUTSTANDING ROCK, POP, AND COUNTRY MUSIC EDUCATION FOR YOUTH BY OFFERING TUITION ASSISTANCE, INSTRUMENT RENTALS, AND EXCEPTIONAL, STATE-OF-THE-ART PERFORMANCE OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,892,266 Revenue: $966,302

FOUNDED IN 2012, YOUTH MUSIC PROJECT IS A NONPROFIT ORGANIZATION DEVOTED TO PROVIDING OUTSTANDING ROCK, POP, AND COUNTRY MUSIC EDUCATION FOR YOUTH BY FURNISHING TUITION ASSISTANCE, INSTRUMENT RENTAL...

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FOUNDED IN 2012, YOUTH MUSIC PROJECT IS A NONPROFIT ORGANIZATION DEVOTED TO PROVIDING OUTSTANDING ROCK, POP, AND COUNTRY MUSIC EDUCATION FOR YOUTH BY FURNISHING TUITION ASSISTANCE, INSTRUMENT RENTAL, AND EXCEPTIONAL PERFORMANCE OPPORTUNITIES. YOUTH MUSIC PROJECT OFFERS YEAR-ROUND AFTER-SCHOOL GROUP AND PRIVATE LESSONS, SUMMER CAMPS, AND EARLY CHILDHOOD MUSIC EDUCATION.YOUTH MUSIC PROJECT BELIEVES THAT MUSIC IS ESSENTIAL FOR CHILD DEVELOPMENT AND THAT ALL CHILDREN DESERVE ACCESS TO QUALITY MUSICAL EXPERIENCES. PERFORMING MUSIC IN FRONT OF A LIVE AUDIENCE BUILDS CONFIDENCE AND PROVIDES VALUABLE SKILLS, BENEFITTING STUDENTS FOR THE REST OF THEIR LIVES. CONTINUED ON SCHEDULE O. ACCESSIBILITY AND INCLUSIVITY ARE AT YOUTH MUSIC PROJECT'S CORE.YOUTH MUSIC PROJECT OFFERS INDIVIDUAL, GROUP, AND SUMMER CAMP MUSIC INSTRUCTION IN PIANO, VIOLIN, DRUMS, GUITAR, BASS, UKULELE, VOICE, ROCK BAND, AND MORE. LAUNCHED OUT OF A TRAVEL TRAILER IN 2012, THE ORGANIZATION WENT FROM A TRAVELING MUSIC PROGRAM TO HAVING A PERMANENT HOME IN AN ADA-ACCESSIBLE, STATE-OF-THE-ART FACILITY. IN 2024, YOUTH MUSIC PROJECT PROVIDED MUSIC INSTRUCTION TO 1,238 NON-DUPLICATED STUDENTS, 29% OF WHOM ATTENDED FOR NO COST. THESE STUDENTS ACCOUNTED FOR A CUMULATIVE TOTAL OF 2,798 ENROLLMENTS THROUGHOUT THE YEAR, 35% OF WHICH WERE PROVIDED AT NO COST. THIS REFLECTED A 9% INCREASE IN TOTAL NON-DUPLICATED STUDENTS, AND A 10% INCREASE IN TOTAL ENROLLMENTS BETWEEN FISCAL YEAR 2023 AND 2024.YOUTH MUSIC PROJECT IS ALSO THE MUSIC EDUCATION PROVIDER FOR LAKE OSWEGO PARKS & RECREATION, PROVIDING MUSIC EDUCATION TO AN ADDITIONAL 162 NON-DUPLICATED STUDENTS AND 217 ENROLLMENTS VIA THIS CONTRACT IN 2024.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,118,465
Program Service Revenue $962,048
Investment Income $12,992
Other Revenue $-50,435
TOTAL REVENUE $2,043,070

Expense Breakdown

Grants Paid $337,580
Salaries & Benefits $1,485,789
Fundraising Expenses $256,770
Program Expenses $1,892,266
Other Expenses $461,681
TOTAL EXPENSES $2,285,050

Year-over-Year Comparison

2024 2023 Change
Revenue $2,043,070 $2,485,315 -0.2%
Expenses $2,285,050 $2,026,623 +0.1%
Net Income $-241,980 $458,692 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
68
Volunteers
70

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
5
$136,087
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY JAEGER BOARD PRESIDENT 5.00
Officer Director
$0 $0 $0
SARAH BANY CO-FOUNDER & BOARD VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD GONZALES BOARD TREASURER 1.00
Officer Director
$0 $0 $0
GAIL GREENMAN BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARK SCHLESINGER IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
RACHAEL BANY BOARD DIRECTOR 1.00
Director
$0 $0 $0
AMY FAUST BOARD DIRECTOR 1.00
Director
$0 $0 $0
JEN FULWYLER BOARD DIRECTOR 1.00
Director
$0 $0 $0
DAVID GRIESHAMMER BOARD DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY KANTAWEE BOARD DIRECTOR 1.00
Director
$0 $0 $0
GARY MAFFEI BOARD DIRECTOR 1.00
Director
$0 $0 $0
VERONICA MURRAY BOARD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL PITTMAN BOARD DIRECTOR 1.00
Director
$0 $0 $0
JERRY WALKER BOARD DIRECTOR 1.00
Director
$0 $0 $0
JASON WAXBERG BOARD DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS MAGRANE EXECUTIVE DIRECTOR 40.00
Officer
$120,881 $15,206 $136,087
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 $2,043,070 $2,285,050 $1,371,128 $-241,980
2023 $2,485,315 $2,026,623 $1,665,741 $458,692
2022 $1,444,261 $1,903,407 $1,224,816 $-459,146
2021 $2,050,654 $1,619,515 $1,663,643 $431,139
2020 $1,803,683 $1,450,641 $1,180,933 $353,042
2018 $1,637,578 $1,675,082 $786,087 $-37,504
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