Mostly Music Inc
- Assets
- $69.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 10/1982
- Data as of
- 06/2023
- 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 06/2023, Mostly Music Inc generated $60.4k 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 (6.4%) each year. All expenses for the organization totaled $68.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) 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 SPONSOR AND PROMOTE CLASSICAL MUSIC PROGRAMS FOR THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Cohen Trustee | 2 | $0 | |
Helaine Gersten Trustee | 2 | $0 | |
Beverly Shea Trustee | 2 | $0 | |
Nancy Smith Trustee | 2 | $0 | |
Tim Kinsella Trustee | 2 | $0 | |
Arlene Gardner President | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,055 |
| Total Program Service Revenue | $10,060 |
| Membership dues | $20,250 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,373 |
| 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 | $40,875 |
| Occupancy, rent, utilities, and maintenance | $7,600 |
| Printing, publications, postage, and shipping | $4,985 |
| Other expenses | $14,774 |
| Total expenses | $68,234 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,026 |
| Other assets | $0 |
| Total assets | $69,026 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,026 |