Madison Area Music Association Inc
- Assets
- $36.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/2004
- Data as of
- 06/2023
- EIN
- 20-0614274
Organization Overview
Madison Area Music Association Inc is located in Madison, WI. The organization was established in 2004. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Madison Area Music Association 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 06/2023, Madison Area Music Association Inc generated $13.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.4%) each year. All expenses for the organization totaled $20.7k during the year ending 06/2023. 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 Mission:
Part 3 - Line 1
THE MADISON AREA MUSIC ASSOCIATION (MAMA) SUPPORTS YOUTH MUSIC PROGRAMS IN THE GREATER MADISON AREA, AND STRENGTHENS AND ENGAGES THE MUSIC COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3
EDUCATION AND INSTRUMENTS: MAMA, INC. PROVIDES MUSICAL INSTRUMENTS AND FUNDS FOR YOUTH MUSIC PROGRAMS IN THE MADISON AREA. THE ANNUAL MADISON AREA MUSIC AWARDS ARE INSTRUMENTAL IN CARRYING THIS OUT.
MAMA CARES: A NON-MEMBER FUND THAT ASSISTS MADISON-AREA MUSICIANS IN TIMES OF CRISIS, PARTICULARLY HEALTH-RELATED.
MAMA CLYDE STUBBLEFIELD SCHOLARSHIP FUND: A FUND THAT PROVIDES EDUCATIONAL FUNDS FOR MADISON-AREA YOUTHS ATTENDING HIGHER EDUCATION WITH A CONCENTRATION IN MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Elkins President | 10 | $0 | |
Richard Tvedt Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,667 |
| Total Program Service Revenue | $9,225 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$212 |
| Other Revenue | $300 |
| Total Revenue | $12,986 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $1,670 |
| Printing, publications, postage, and shipping | $224 |
| Other expenses | $6,312 |
| Total expenses | $20,711 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,612 |
| Other assets | $0 |
| Total assets | $36,260 |
| Total liabilities | $1,569 |
| Net assets or fund balances | $34,691 |