Better Business Bureau Report for
Louisville Orchestra

Better Business Bureau Report issued June 2018
Better Business Bureau Report expires June 2019


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Louisville Orchestra
Address: 620 W. Main, Suite 600
  Louisville , KY 40202
Phone: 502-587-8681
Web Address: https://louisvilleorchestra.org/
Also known as:The Louisville Orchestra
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Better Business Bureau Comments

Year, State Incorporated: 1936, Kentucky
Affiliates: None
Stated Purpose: The Louisville Orchestra’s mission is to change lives throughout the entire Louisville community as only the Louisville Orchestra can - by promoting a culture of music through outstanding performances and education.

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Evaluation Conclusions

              

Louisville Orchestra does not meet the following 2 Standards for Charity Accountability.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

The Louisville Orchestra does not meet this standard because:

  • The organization does not have a current Annual Report. 

The Louisville Orchestra states they do not currently distribute an Annual Report because this would take signifigant time to complete and staff resources are limited. 

Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

The Louisville Orchestra does not meet this Standard because the organization's website does not include: 

  • The financial info recommended for annual reports 
  • Electronic access to the organization’s most recent IRS Form 990.

The Louisville Orchestra states it anticipates having its most recent IRS Form 990 on the website by September 2018. 

Louisville Orchestra meets the remaining 18 Standards for Charity Accountability.
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Programs

              

The Louisville Orchestra was founded in 1937 and is a cornerstone of both the local and national arts community. The Louisville Orchestra has acted as a cultural trailblazer since its founding. With the launch of First Edition Records in 1947, it became the first American orchestra to own a recording label. Six years later, the LO received a Rockefeller grant to commission, record, and premiere 20th century music by living composers. In 2010, the highly acclaimed documentary film, “Music Makes a City – A Louisville Orchestra Story,” was released detailing the first 30 years of the orchestra’s history, continued with “Music Makes a City Now” released in 2015, showcasing Teddy Abrams and his move to Louisville to become the youngest Music Director of a major American orchestra. In September 2017 the Louisville Orchestra, in collaboration with Decca Gold Label Series, released its first album in 20 years, “All In.” The album features works by Teddy Abrams, Storm Large, Cole Porter, and Aaron Copland and is a celebration of the communicative power of American Music. In 2001, the Louisville Orchestra was awarded the Leonard Bernstein Award for Outstanding Educational Programming. LO's programming and performances are the expression of its mission and vision – providing innovative, city-wide musical undertakings that engage and inspire local, regional and national audiences. The Louisville Orchestra has a long history of innovation, creativity and excellence, producing programs that are responsive to and reflective of the Louisville community and the key issues it faces. Under the leadership of Music Director Teddy Abrams, its vision includes challenging the very idea of what a 21st Century Orchestra can be and do. Abrams’ goal “to become known as the most interesting orchestra on the planet” has already garnered national attention within the arts world. The LO performs more than 60 concerts each season in more than 15 locations throughout Kentucky and Southern Indiana. Audiences are drawn primarily from a 25 mile radius of metro Louisville, including a strong representation from Southern Indiana. Ticket buyers come from 73 of Kentucky’s 102 counties with 4% drawing from states (and countries) beyond Kentucky and Indiana.

For the fiscal year ended May 31, 2017, Louisville OrchestraLouisville Orchestra 's program expenses were:

  
Program Services 5,855,902
Total Program Expenses: $5,855,902
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Governance

              

Chief Executive : Andrew Kipe, Executive Director
Compensation*: 
$130,000

Chair of the Board: John P. Malloy
Chair's Profession / Business Affiliation: LG&E - KU, Vice President - Gas Distribution

Board Size: 40

Paid Staff Size: 113

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Direct mail, telephone, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements.
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $3,092,471, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on The Louisville Orchestra's audited financial statements for the fiscal year ended May 31, 2017.

Ending net assets as reported below include -$265,391 in unrestricted net assets, $1,819,525 in temporarily restricted net assets and $787,146 in permanently restricted assets.

Unrestricted net assets include -$365,459 in undesignated net assets and $100,068 in board designated net assets.

Total assets as reported below include $93,946 invested in equipment and other assets, net.

Source of Funds  
Contributions, Grants and Donations 2,884,091
Ticket Sales and Related Revenue 2,558,394
Charitable gaming and other fundraising activities 208,380
Interest income and other income 81,497
Total Income $5,732,362


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 5%  Administrative: 10% 

Total income $5,732,362
Program expenses $5,855,902
Fund raising expenses 355,044
Administrative expenses 655,948
Total expenses $6,866,894
Expenses in Excess of Income (1,134,532)
Beginning net assets 3,187,577
Other Changes in Net Assets 288,235
Ending net assets 2,341,280
Total liabilities 924,297
Total assets $3,265,577


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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