Buzzards Bay Musicfest Inc
- Assets
- $169.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, MA
- Founding
- 04/1997
- Data as of
- 09/2023
- EIN
- 04-3348323
Organization Overview
Buzzards Bay Musicfest Inc is located in Marion, MA. The organization was established in 1997. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buzzards Bay Musicfest 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 09/2023, Buzzards Bay Musicfest Inc generated $35.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $21.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE RECREATION TO PEOPLE IN THE BUZZARDS BAY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna L Tufts Executive Dir. | 10 | $10,000 | |
Virginia Boone Director | 0 | $0 | |
Andy Kotsatos Director | 0 | $0 | |
Sally Conkright President & Dir | 0 | $0 | |
Adam Foster Director | 0 | $0 | |
Sheila Converse Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,452 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$83,692 |
| Other Revenue | $0 |
| Total Revenue | $35,760 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,013 |
| Professional fees and other payments to independent contractors | $1,861 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,099 |
| Other expenses | $7,468 |
| Total expenses | $21,441 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,721 |
| Other assets | $0 |
| Total assets | $169,721 |
| Total liabilities | $868 |
| Net assets or fund balances | $168,853 |