Nonprofit · EIN 61-0530107
LOUISVILLE ACADEMY OF MUSIC INC
Tax-exempt · LOUISVILLE, KY 40206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $935,844 | $804,648 | $131,196 | $734,109 | $87,701 | $646,408 |
| May 31, 2024 | 990 | $859,505 | $721,241 | $138,264 | $570,607 | $55,395 | $515,212 |
| May 31, 2023 | 990 | $679,987 | $631,827 | $48,160 | $432,326 | $55,378 | $376,948 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $344,693
- of which government grants
- $50,000
- Program service revenue
- $566,003
- Investment income
- $3,882
- Net income from fundraising events
- $10,014
- Other revenue
- $21,266
Expenses
- Grants and similar amounts paid
- $63,099
- Compensation of officers, directors and key employees
- $77,036
- Other salaries and wages
- $444,537
- Salaries, compensation and benefits (total)
- $563,144
- Professional fundraising fees
- $0
- Accounting fees
- $10,900
- Occupancy
- $8,151
- Depreciation
- $23,297
- Program services (functional)
- $641,062
- Management and general (functional)
- $92,544
- Fundraising (functional)
- $71,042
Balance sheet and other
- Total assets, start of year
- $570,607
- Total assets, end of year
- $734,109
- Total liabilities, end of year
- $87,701
- Net assets, end of year
- $646,408
- Land, buildings and equipment
- $366,932
- Net assets without donor restrictions
- $528,881
- Net assets with donor restrictions
- $117,527
- Gross receipts
- $938,192
- Employees
- 36
- Volunteers
- 20
- Year formed
- 1954
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA CALLAWAY | EXECUTIVE DIRECTOR Officer | 40 | $77,036 |
| ELEANOR LIVINGSTON | TREASURER Trustee or director, Officer | 2 | $0 |
| ANNA HAYDEN | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAVID HANDMAKER | CHAIR Trustee or director, Officer | 5 | $0 |
| EDWARD WHITE | DIRECTOR Trustee or director | 1 | $0 |
| VICTORIA FULLER | DIRECTOR Trustee or director | 1 | $0 |
| BERT GRIFFIN | DIRECTOR Trustee or director | 1 | $0 |
| JACOB GOTTLIB | DIRECTOR Trustee or director | 1 | $0 |
| KENDRICK VAUGHN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA CALLAWAY | EXECUTIVE DIRECTOR Officer | 40 | $61,353 |
| LUKE DARVILLE | DIRECTOR Trustee or director | 1 | $7,695 |
| WILL OLDHAMQ | DIRECTOR Trustee or director | 1 | $0 |
| ELEANOR LIVINGSTON | TREASURER Trustee or director, Officer | 2 | $0 |
| ANNA HAYEN | SECRETARY Trustee or director, Officer | 2 | $0 |
| SHERONDA SHORTER | DIRECTOR (THRU 9/2023) Trustee or director | 1 | $0 |
| DAVID HANDMAKER | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| EDWARD WHITE | DIRECTOR Trustee or director | 1 | $0 |
| VICTORIA FULLER | DIRECTOR Trustee or director | 1 | $0 |
| BERT GRIFFIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA CALLAWAY | EXECUTIVE DIRECTOR Officer | 40 | $61,353 |
| LUKE DARVILLE | DIRECTOR Trustee or director | 1 | $6,450 |
| WILL OLDHAM | DIRECTOR Trustee or director | 1 | $0 |
| ELEANOR LIVINGSTON | TREASURER Trustee or director, Officer | 2 | $0 |
| ANNA HAYDEN | SECRETARY Trustee or director, Officer | 2 | $0 |
| SHERONDA SHORTER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HANDMAKER | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| EDWARD WHITE | DIRECTOR Trustee or director | 1 | $0 |
| VICTORIA FULLER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2740 FRANKFORT AVE, LOUISVILLE, KY 40206-2669
- Principal officer (990 for 2024)
- SARA CALLAWAY, 2740 FRANKFORT AVENUE, LOUISVILLE, KY 40206
- Signed the 990
- SARA CALLAWAY, EXECUTIVE DIRECTOR
- Phone
- (502) 893-7885
Mission
THE LOUISVILLE ACADEMY OF MUSIC WELCOMES EVERYONE TO JOIN OUR MUSICAL COMMUNITY. LAM NURTURES LIFELONG LEARNERS, NOT SOLELY AS MUSICIANS BUT ALSO AS CREATIVE, INSPIRED PEOPLE. EQUITY IN MUSIC EDUCATION IS A FORCE TO REALIZE POTENTIAL, ACHIEVE DREAMS, AND MAKE THE WORLD A BETTER PLACE.
Program accomplishments
- 28 DEGREED AND DEDICATED FACULTY MEMBERS TAUGHT MORE THAN 14,000 LESSONS TO 600+ STUDENTS FROM OVER 50 ZIP CODES. SINCE 1954, THE LOUISVILLE ACADEMY OF MUSIC (LAM) HAS PROVIDED HIGH-QUALITY MUSIC EDUCATION TO GENERATIONS OF STUDENTS, NURTURING NOT ONLY MUSICIANS, BUT CREATIVE, INSPIRED PEOPLE PREPARED TO THRIVE IN EVERY AREA OF LIFE. THROUGH PRIVATE LESSONS, GROUP CLASSES, MASTERCLASSES, SUMMER CAMPS, AND MORE WE PROVIDE AN ENRICHING EDUCATIONAL ENVIRONMENT THAT SUPPORTS THE DEVELOPMENT OF A WHOLE AND CONFIDENT MUSICIAN. LAM PROVIDES A WELCOMING SPACE WHERE STUDENTS OF ALL AGES, FROM PRESCHOOLERS TO RETIREES, FIND MENTORSHIP, SELF-EXPRESSION, AND COMMUNITY.Expenses $471,279 · revenue $520,330
- WE BELIEVE THAT MUSIC BELONGS TO EVERYONE AND THAT ACCESS TO TRANSFORMATIVE ARTS EDUCATION SHOULD NOT DEPEND ON A FAMILY'S INCOME, ZIP CODE, OR BACKGROUND. THROUGH NEED-BASED SCHOLARSHIPS, PUBLIC SCHOOL PROGRAMS, AND COMMUNITY PARTNERSHIPS WE REACHED MORE THAN 6,000 PEOPLE WITH FREE MUSIC EDUCATION PROGRAMMING. WE CONTINUE TO INVEST IN MAKING MUSIC EDUCATION ACCESSIBLE TO EVERYONE WHO WISHES TO LEARN, CREATE, AND BELONG. THIS YEAR ALSO BROUGHT A DEFINING HONOR: LAM WAS AWARDED THE GOVERNOR'S AWARD IN THE ARTS FOR EDUCATION, RECOGNIZING OUR EXTRAORDINARY CONTRIBUTIONS TO THE ARTS IN KENTUCKY. THIS STATEWIDE RECOGNITION AFFIRMED THE IMPACT OF OUR MISSION, OUR INNOVATIVE PROGRAMMING, AND OUR COMMITMENT TO ACCESSIBILITY AND EXCELLENCE.Expenses $169,783 · grants $63,099 · revenue $45,673
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0530107
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6E0)
- Assets (IRS master file)
- $734,109
- Income (IRS master file)
- $938,192
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $935,844 | $804,648 | $734,109 | XML |
| 990 | May 2024 | $859,505 | $721,241 | $570,607 | XML |
| 990 | May 2023 | $679,987 | $631,827 | $432,326 | XML |
| 990 | May 2022 | $223,091 | $228,266 | $367,451 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0530107).
Questions about LOUISVILLE ACADEMY OF MUSIC INC
- What is the EIN of LOUISVILLE ACADEMY OF MUSIC INC?
- The employer identification number (EIN) of LOUISVILLE ACADEMY OF MUSIC INC is 61-0530107.
- Is LOUISVILLE ACADEMY OF MUSIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to LOUISVILLE ACADEMY OF MUSIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOUISVILLE ACADEMY OF MUSIC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOUISVILLE ACADEMY OF MUSIC INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOUISVILLE ACADEMY OF MUSIC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of LOUISVILLE ACADEMY OF MUSIC INC?
- The 990 for the year ended May 31, 2025 names SARA CALLAWAY.
- Who are the officers and directors of LOUISVILLE ACADEMY OF MUSIC INC?
- The 990 for the year ended May 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $77,036 (SARA CALLAWAY, EXECUTIVE DIRECTOR).
- How much revenue does LOUISVILLE ACADEMY OF MUSIC INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $935,844, expenses of $804,648 and total assets of $734,109 at year end.
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