Annapolis Musicians Fund For Musicians Inc is located in Annapolis, MD. The organization was established in 2007. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annapolis Musicians Fund For Musicians 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 08/2023, Annapolis Musicians Fund For Musicians Inc generated $99.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $70.9k during the year ending 08/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
DURING THE FISCAL YEAR THAT ENDED AUGUST 31, 2023, THE AMFM BOARD OF DIRECTORS APPROVED APPLICATIONS FOR LOST WORK BENEFITS SUBMITTED BY THIRTY-SIX (36) QUALIFIED ANNAPOLIS AREA MUSICIANS, IN THE TOTAL AMOUNT OF $30,942. ADDITIONALLY, $19,000 WAS GRANTED TO THREE (3) DIFFERENT APPLICANTS FOR CATASTROPHIC BENEFITS. DURING THIS PERIOD AND AS PART OF THE ORGANIZATIONS YOUTH PROGRAMS, $2,450 IN MUSICAL AND VOCAL INSTRUCTION BENEFITS WERE PAID PRIMARILY FOR UNDERSERVED SCHOOL-AGE STUDENTS FROM THE TIM KING SCHOLARSHIP FUND. THE BOARD OF DIRECTORS ALSO APPROVED A TOTAL DONATION OF $6,000 TO FOUR ANNAPOLIS AREA 501(C)(3) ORGANIZATIONS FOR THEIR SUMMER MUSICAL EDUCATION PROGRAMS SO THAT UNDERSERVED YOUTH COULD ATTEND THOSE PROGRAMS, AND AWARDED $5,000 FOR A COLLEGE SCHOLARSHIP TO AN INCOMING COLLEGE FRESHMAN FROM THE GREATER ANNAPOLIS AREA WHO WOULD BE MAJORING IN MUSIC PERFORMANCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Kocher Director | 0.5 | $0 | |
Sean M O'neill Treasurer | 2 | $0 | |
Jeanette Kreuzberg Director | 0.5 | $0 | |
Larry Byrne Secretary | 0.5 | $0 | |
Pamela J Thomas President | 0.5 | $0 | |
Brian Cahalan Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $107,431 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $1,185 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$9,561 |
Other Revenue | $0 |
Total Revenue | $99,055 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $7,480 |
Total expenses | $70,872 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $154,679 |
Other assets | $0 |
Total assets | $154,679 |
Total liabilities | $0 |
Net assets or fund balances | $154,679 |