Inspire Arts And Music Inc
- Assets
- $2.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Boston, MA
- Founding
- 04/1991
- Data as of
- 09/2020
- EIN
- 04-3081057
Organization Overview
Inspire Arts And Music Inc is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Inspire Arts And Music Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Arts And Music Inc 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 09/2020, Inspire Arts And Music Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $1.7m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH ACTIVITY-MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR CHILDREN AND YOUNG ADULTS AGE 6 TO 21.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRUM & BUGLE CORPS: THE BOSTON CRUSADERS DRUM & BUGLE CORPS IS THE THIRD-OLDEST JUNIOR DRUM AND BUGLE CORPS IN THE NATION AND IS A FOUNDING MEMBER OF DRUM CORPS INTERNATIONAL. THE CORPS, COMPOSED ENTIRELY OF BRASS PLAYERS, PERCUSSIONISTS AND COLOR GUARD MEMBERS UNDER THE AGE OF 22, TRAVELS OVER 10,000 MILES EACH SUMMER, PERFORMING IN MORE THAN 40 COMPETITIONS AND EXHIBITIONS BEFORE A COMBINED AUDIENCE OF OVER 300,000 FANS. THE BOSTON CRUSADERS' MISSION IS TO PROVIDE ITS MEMBERS AN OPPORTUNITY TO REACH THEIR HIGHEST POTENTIAL--AS BOTH A PERSON AND AN ARTIST. THE BOSTON CRUSADERS PROVIDE A HEALTHY BALANCE BETWEEN EDUCATION AND COMPETITION AND SEEK TO CONSTANTLY CHALLENGE MEMBERS TO THROUGH A DYNAMIC AND UNIQUE COMBINATION OF ARTISTIC ATHLETIC AND LIFE GOALS.
MUSIC FESTIVALS: GREAT EAST MUSIC FESTIVAL EXPERIENCE PROVIDES A FORMATIVE EVALUATION FOR PERFORMANCES AS WELL AS A COMPREHENSIVE CLINIC THAT SUPPORTS MIDDLE SCHOOLS MUSIC PROGRAMS EDUCATIONAL GOALS AND OBJECTIVES. THE FESTIVALS ARE NON-COMPETITIVE ELEMENTARY, MIDDLE AND HIGH SCHOOL MUSIC FESTIVALS FOR CONCERT BAND, WIND ENSEMBLES, ORCHESTRA, CONCERT, SELECT AND SHOW CHOIR, JAZZ BAND AND SMALL ENSEMBLES. OUR PROGRAM REACHES MORE THAN 18,000 STUDENTS.
OTHER PROGRAMS: INCLUDES HYDE INNER CITY PERCUSSION AND TRUMPET LESSONS - A FREE PROGRAM FOR INNER CITY YOUTH OF HYDE PARK, AS WELL AS THE DENNEY CENTER PERCUSSION PROGRAM AT THE DORCHESTER BOYS& GIRLS CLUB AND VARIOUS OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Holland Chief Operating Officer | Officer | 50 | $132,578 |
Vivien Tucker Board Member | Trustee | 5 | $12,000 |
Kelly Hart Board Member | Trustee | 12 | $5,000 |
Kim Mitchell-Potter Executive Board Member | Trustee | 10 | $0 |
Jeff Bajgot Secretary | Trustee | 5 | $0 |
Chris Madaio Executive Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,240,740 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,754 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $73,373 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,889 |
| Statement of Expenses | |
|---|---|
| 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. | $164,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,688 |
| Payroll taxes | $64,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,135 |
| Advertising and promotion | $4,042 |
| Office expenses | $26,651 |
| Information technology | $44,477 |
| Royalties | $0 |
| Occupancy | $1,061 |
| Travel | $106,158 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,328 |
| Interest | $51,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,663 |
| Insurance | $69,703 |
| All other expenses | $0 |
| Total functional expenses | $1,680,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,233 |
| Accounts receivable, net | $78,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $255,713 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $433,333 |
| Other assets | $17,613 |
| Total assets | $2,295,545 |
| Accounts payable and accrued expenses | $99,174 |
| Grants payable | $0 |
| Deferred revenue | $472,931 |
| 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 | $1,304,584 |
| Unsecured mortgages and notes payable | $405,387 |
| Other liabilities | $0 |
| Total liabilities | $2,282,076 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,469 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Inspire Arts And Music Inc has recieved totaling $1,541.
| Awarding Organization | Amount |
|---|---|
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chamber Music Society Of Lincoln Center Inc New York, NY | $75,785,026 | $8,098,854 |
St Lukes Chamber Ensemble Inc New York, NY | $47,001,390 | $8,968,141 |
Inspire Arts And Music Inc Boston, MA | $2,295,545 | $1,459,889 |
Afro-Latin Jazz Alliance Of New York Inc New York, NY | $920,945 | $1,546,674 |
Music Forward Brooklyn, NY | $1,883,651 | $2,219,896 |
Ma-Yi Filipino Theatre Ensemble Inc New York, NY | $1,967,412 | $1,405,048 |
Ensemble For The Romantic Century Inc New York, NY | $133,417 | $422,457 |
Improvisation Center Of Boston Inc Cambridge, MA | $105,593 | $312,878 |
Classical Recording Foundation Inc Pelham, NY | $106,383 | $305,250 |
Metropolis Ensemble Inc Queens, NY | $859,538 | $434,901 |
Saints Brigade Port Chester, NY | $6,701 | $359,584 |
Music And Youth Initiative Inc Dennis, MA | $481,928 | $254,662 |