Virginia Federation Of Music Clubs
- Assets
- $76.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbridge, VA
- Founding
- 09/1975
- Data as of
- 06/2022
- EIN
- 23-7044825
Organization Overview
Virginia Federation Of Music Clubs is located in Woodbridge, VA. The organization was established in 1975. 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. Virginia Federation Of Music Clubs 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, Virginia Federation Of Music Clubs generated $52.6k 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 (4.3%) each year. All expenses for the organization totaled $56.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
AWARDS AND SCHOLARSHIPS (COMPOSITION AND GOLD CUP AWARDS), MUSIC FESTIVALS HELD ANNUALLY THROUGHOUT VIRGINIA, DUES AND CONTRIBUTIONS USED TO PROMOTE MUSIC EDUCATION OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Davis President | 3 | $0 | |
Judy Barger Edgell Second Vice President | 1 | $0 | |
Kathryn Peters First Vice President | 1 | $0 | |
James Zuill Bailey Treasurer | 3 | $0 | |
Lisa Thomas Third Vice President | 1 | $0 | |
Lana Bailey Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,950 |
| Total Program Service Revenue | $27,828 |
| Membership dues | $20,735 |
| Investment income | $1,766 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $331 |
| Total Revenue | $52,610 |
| 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 | $52,644 |
| Total expenses | $56,097 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,942 |
| Other assets | $0 |
| Total assets | $76,942 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Washington Bach Consort Washington, DC | $1,833,165 | $1,410,889 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |