Mostly Music Inc
- Assets
- $72.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 22-2342095
Organization Overview
Mostly Music Inc is located in Westfield, NJ. The organization was established in 1982. 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. Mostly 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 06/2022, Mostly Music Inc generated $63.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $56.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
TO SPONSOR AND PROMOTE CLASSICAL MUSIC PROGRAMS FOR THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Shea Trustee | 2 | $0 | |
Arlene Gardner President | 6 | $0 | |
Helaine Gersten Trustee | 2 | $0 | |
Allen Cohen Trustee | 2 | $0 | |
Rosalyn Harrison Secretary | 2 | $0 | |
Nancy Smith Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,642 |
| Total Program Service Revenue | $9,029 |
| Membership dues | $21,970 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,641 |
| 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 | $38,080 |
| Occupancy, rent, utilities, and maintenance | $4,800 |
| Printing, publications, postage, and shipping | $4,916 |
| Other expenses | $8,870 |
| Total expenses | $56,666 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,217 |
| Other assets | $0 |
| Total assets | $72,217 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,217 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mostly Music Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Robert And Joan Rothberg Foundation Inc Summit, NJ PURPOSE: TO SUPPORT MUSICAL ACTIVITIES | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |
Original Music Workshop Inc Brooklyn, NY | $4,224,196 | $2,706,667 |
Aaron Copland Fund For Music Inc New York, NY | $18,112,112 | $2,664,671 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |
Sing For Hope Inc New York, NY | $2,840,187 | $1,889,471 |