Frankly Music Inc
- Assets
- $72.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/2003
- Data as of
- 08/2022
- EIN
- 20-0359705
Organization Overview
Frankly Music Inc is located in Milwaukee, WI. The organization was established in 2003. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Frankly 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 08/2022, Frankly Music Inc generated $95.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $110.6k during the year ending 08/2022. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
FOSTER GROWTH, APPRECIATION AND EDUCATION OF CHAMBER MUSIC THROUGH CONCERT PERFORMANCES.FIVE LIVE PERFORMANCES WERE PRESENTED DURING THE 2021-2022 SEASON FEATURING WORLD CLASS MUSICIANSFROM MILWAUKEE AND THE US. EACH PERFORMANCE FEATURED EDUCATIONAL DISCUSSIONS ABOUT THE MUSIC PERFORMED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Wanless President | 5 | $0 | |
Wendy Burke Vice President | 1 | $0 | |
Mark Franke Secretary | 1 | $0 | |
Tony Franda Treasurer | 2 | $0 | |
Linda Edelstein Director | 1 | $0 | |
Cathy Costantini Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,276 |
| Total Program Service Revenue | $25,798 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,074 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $67,674 |
| Occupancy, rent, utilities, and maintenance | $13,321 |
| Printing, publications, postage, and shipping | $2,714 |
| Other expenses | $26,853 |
| Total expenses | $110,562 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,733 |
| Other assets | $0 |
| Total assets | $72,587 |
| Total liabilities | $750 |
| Net assets or fund balances | $71,837 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frankly Music Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Gardner Foundation Milwaukee, WI PURPOSE: OPERATING EXPENSES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Clinic Woodridge, IL | $1,577,442 | $1,838,412 |
Legion-Aires Drum And Bugle Corps Dubuque, IA | $1,675,907 | $1,872,941 |
The Cavaliers Ap&e Inc Rosemont, IL | $1,260,732 | $1,797,473 |
Ensemble Espanol Chicago, IL | $890,186 | $1,461,025 |
Forward Performing Arts Inc Madison, WI | $1,131,638 | $1,464,298 |
Phantom Regiment Inc Loves Park, IL | $1,306,729 | $1,379,502 |
Accessible Contemporary Music Chicago, IL | $312,653 | $895,582 |
Iowa High School Music Assn Boone, IA | $289,886 | $704,627 |
Brass Band Of Battle Creek Marshall, MI | $91,211 | $533,650 |
Eighth Blackbird Performing Arts Association Chicago, IL | $447,450 | $697,687 |
Spektral Quartet Nfp Chicago, IL | $198,758 | $544,758 |
River City Rhythm Inc Cokato, MN | $72,423 | $389,521 |