MONARCH MUSIC & ARTS COMMUNITY

EIN: 881746065 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$222,769
Total Expenses
$203,054
Total Assets
$53,843
Net Assets
$53,843
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
KY
Principal Officer
Mark Roberts
Phone
5029380600
Tax Period
2024-01-01 to 2024-12-31

MONARCH MUSIC & ARTS COMMUNITY, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $203K left a modest 9% surplus.

Mission

The Monarch Music & Arts Community is a co-working space that serves as a communal hub for the creation, education, collaboration, performance, and advancement of original music and art in Louisville, KY. The organization's mission is to encourage, promote, and support local artists while promoting music and art appreciation and education in our community. The organization's goal is to unite, inspire, and uplift local artists, and our entire community, as we cultivate new creative connections beyond our city.

Program Service Accomplishments

Program 1
Expenses: $62,311 Revenue: $67,890

Music and arts community hub and resource center: The organization operates and maintains a 3,000 sqft facility (leased) dedicated to the creation, education, collaboration, performance and...

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Music and arts community hub and resource center: The organization operates and maintains a 3,000 sqft facility (leased) dedicated to the creation, education, collaboration, performance and furtherance of original music and art. The facility provides: Writing, rehearsal, and performance space for artists of all skill levels. Workshops, community events and educational programming to artists of all skill levels and the public at large. Professional grade tools, resources and platforms for local and touring artists to connect, collaborate and perform. Shared equipment/resource libraries to empower artists of all backgrounds to thrive and succeed in their artistic endeavors. BYO communal space for work, play, learning, advancement and fellowship in music and arts. In 2024 alone, the facility hosted intimate performances by 711 local artists, 98 regional and national touring artists. In June 2023, co-working memberships were launched to the public. At the end of 2024, the facility was home to 228 active members.

Program 2
Expenses: $67,039 Revenue: $17,064

Community events, free and donation based: The organization organizes and hosts a variety of public events and performances that showcase local/regional/national talent, celebrate artistic diversity...

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Community events, free and donation based: The organization organizes and hosts a variety of public events and performances that showcase local/regional/national talent, celebrate artistic diversity, and provide platforms for artists to share their work at our physical location. These events include concerts and performances, educational workshops, art exhibitions, and collaborative projects that engage both local and touring artists, and the community at large. In 2024, the organization hosted 117 free and donation-based community concerts open to the general public, and 21 special ticketed events, with an estimated total of over 4,500 attendees.

Program 3
Expenses: $29,557 Revenue: $8,313

Educational programming and arts appreciation: The organization provides educational programming and workshops designed to nurture artistic talent, provide skills training, and promote artistic...

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Educational programming and arts appreciation: The organization provides educational programming and workshops designed to nurture artistic talent, provide skills training, and promote artistic expression among individuals of all ages and backgrounds. Examples of programming provided in 2024 includes: monthly genre jams and round table discussions, monthly mental health wellness learning series for artists and community, free guitar workshop series, songwriter's rounds and performance series, free outdoor art exhibits featuring local painters/sculptors/musicians.

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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 $129,502
Program Service Revenue $93,267
Investment Income $0
Other Revenue $0
TOTAL REVENUE $222,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,500
Fundraising Expenses $15,906
Program Expenses $158,907
Other Expenses $119,554
TOTAL EXPENSES $203,054

Year-over-Year Comparison

2024 2023 Change
Revenue $222,769 $153,488 +0.5%
Expenses $203,054 $118,298 +0.7%
Net Income $19,715 $35,190 -0.4%
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
4
Independent Members
2
Employees
N/A
Volunteers
15

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
2
$83,500
Total Directors
4
$83,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Roberts President 60
Officer Director
$46,000 $0 $46,000
Tara Powers Secretary 20
Officer Director
$37,500 $0 $37,500
James Stapleton Director 1.00
Director
$0 $0 $0
Dustin Boeh Director 1
Director
$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 $222,769 $203,054 $53,843 $19,715
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