Boston Bluegrass Union Inc
- Assets
- $402.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Newton, MA
- Founding
- 11/1991
- Data as of
- 06/2021
- EIN
- 22-2779696
Organization Overview
Boston Bluegrass Union Inc is located in West Newton, MA. The organization was established in 1991. 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. Boston Bluegrass Union 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 06/2021, Boston Bluegrass Union Inc generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.6%) each year. All expenses for the organization totaled $12.4k during the year ending 06/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PRODUCED 1 CONCERT, 1 FESTIVAL, WORKSHOPS AND EDUCATIONAL PROGRAMS FOR MUSICIANS AND PATRONS IN AN EFFORT TO PRESERVE AND PROMOTE TRADITIONAL BLUEGRASS MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Zdonik President, Director | 10 | $0 | |
Sumner Blount Treasurer | 10 | $0 | |
Tony Watt Vice President, Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $950 |
| Total Program Service Revenue | $0 |
| Membership dues | $770 |
| Investment income | $3,612 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,332 |
| 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 | $1,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $116 |
| Other expenses | $8,064 |
| Total expenses | $12,380 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $402,461 |
| Other assets | $0 |
| Total assets | $402,461 |
| Total liabilities | $0 |
| Net assets or fund balances | $402,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
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 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
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 |
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 |