Friends Of The Music Hall
- Assets
- $11.1m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 50
- Location
- Portsmouth, NH
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 02-0403452
Organization Overview
Friends Of The Music Hall, operating under the name The Music Hall, is located in Portsmouth, NH. The organization was established in 1987. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Music Hall employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Hall is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Music Hall generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND CULTURAL COMMUNITY ENRICHMENT.
Describe the Organization's Program Activity:
TO PROVIDE A FACILITY FOR PERFORMING ARTS ORGANIZATIONS AND PRESENT THEATER, MUSIC, DANCE, AND FILMS FOR THE CULTURAL ENRICHMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Sawtelle Executive Director | Officer | 50 | $179,341 |
Gail Vanhoy Carolan Dot Jan22 Director Of Institutional Advancement | Officer | 40 | $112,760 |
Suzanne Patrakis Director Of Finance | Officer | 40 | $67,600 |
Jay Mcfarland Secretary | OfficerTrustee | 1 | $0 |
Bob Lord Chair | OfficerTrustee | 2 | $0 |
Hope Martin Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Auger Building Co Construction | 6/29/21 | $419,551 |
Barbizon Light Of New England Electrical | 6/29/21 | $217,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,968,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,516,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,485,024 |
| Total Program Service Revenue | $1,760,428 |
| Investment income | $3,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $192,717 |
| Net Gain/Loss on Asset Sales | -$391,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $588 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,060,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,743 |
| Compensation of current officers, directors, key employees. | $50,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,493,565 |
| Pension plan accruals and contributions | $52,098 |
| Other employee benefits | $112,334 |
| Payroll taxes | $147,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,413 |
| Fees for services: Accounting | $19,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,964 |
| Advertising and promotion | $214,037 |
| Office expenses | $34,524 |
| Information technology | $142,020 |
| Royalties | $16,562 |
| Occupancy | $182,006 |
| Travel | $34,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325,510 |
| Insurance | $59,328 |
| All other expenses | $36,142 |
| Total functional expenses | $4,654,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,886,530 |
| Savings and temporary cash investments | $333,534 |
| Pledges and grants receivable | $277,032 |
| Accounts receivable, net | $51,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $199,919 |
| Net Land, buildings, and equipment | $7,205,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,843 |
| Total assets | $11,111,524 |
| Accounts payable and accrued expenses | $357,141 |
| Grants payable | $0 |
| Deferred revenue | $1,012,182 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $111,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,703 |
| Total liabilities | $1,487,827 |
| Net assets without donor restrictions | $9,250,454 |
| Net assets with donor restrictions | $373,243 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,111,524 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Friends Of The Music Hall has recieved totaling $335,309.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For designated distribution and general/annual support, capital projects | $186,375 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $82,870 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $30,000 |
Ud Madelaine G Vonweber Manchester, NH PURPOSE: INSTALLATION OF STATE-OF-THE-ART LIGHTING SYSTEM | $12,500 |
A Caring Community Kittery, ME PURPOSE: GENERAL SUPPORT | $11,613 |
Volunteer Nh Concord, NH PURPOSE: VOLUNTEER TRAINING | $6,099 |
Endowment Analysis
| Beg. Balance | $124,650 |
| Earnings | -$8,391 |
| Admin Expense | $719 |
| Other Expense | $4,781 |
| Ending Balance | $110,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Cabot Performing Arts Center Inc Beverly, MA | $9,302,777 | $5,349,464 |
Boston Center For The Arts Inc Boston, MA | $29,580,802 | $3,268,105 |
The Wang Center For The Performing Arts Inc Boston, MA | $34,395,056 | $6,359,659 |
Worcester County Mechanics Association Worcester, MA | $9,068,606 | $3,158,410 |
South Shore Playhouse Associates Inc Cohasset, MA | $13,347,958 | $641,064 |
Greater Boston Stage Company Stoneham, MA | $1,456,357 | $2,040,521 |
Colonial Theatre Group Inc Keene, NH | $16,858,663 | $2,169,937 |
Paramount Center Inc Rutland, VT | $4,350,370 | $2,634,651 |