International Trombone Association
- Assets
- $599.9k
- Revenue
- $405.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 23-7306397
Organization Overview
International Trombone Association is located in Norman, OK. The organization was established in 1973. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Trombone Association 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 12/2022, International Trombone Association generated $405.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $416.5k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL TROMBONE ASSOCIATION SHALL PROMOTE, NURTURE AND CELEBRATE THE TROMBONE AND TROMBONE RELATED ACTIVITIES.
Describe the Organization's Program Activity:
CONDUCTION OF AN ANNUAL FESTIVAL FOR THE BENEFIT OF MUSICIANS AND EDUCATORS.
OTHER EXEMPT PURPOSE ACCOMPLISHMENTS INCLUDE MAINTAINING THE ITA WEBSITE WWW.TROMBONE.NET, AWARDS , FESTIVALS, ARCHIVES, ITA PRESS, COMMISSIONS, AND CD PRODUCTION.
PRODUCING THE QUARTERLY MAGAZINE THE ITA JOURNAL.
PRODUCING THE ANNUAL ITA SOLO & ENSEMBLE COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Magnus Nilsson Executive Di | Officer | 24 | $26,400 |
Bradley Palmer Chair | OfficerTrustee | 5 | $0 |
Keith Jackson Vice Chair | OfficerTrustee | 5 | $0 |
Chris Shook Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,616 |
| Total Program Service Revenue | $385,585 |
| Investment income | $15,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $672 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,400 |
| Compensation of current officers, directors, key employees. | $26,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,324 |
| Advertising and promotion | $51 |
| Office expenses | $17,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,023 |
| Travel | $1,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,138 |
| All other expenses | $95,576 |
| Total functional expenses | $416,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,446 |
| Savings and temporary cash investments | $53,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $357,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,872 |
| Accounts payable and accrued expenses | $1,540 |
| Grants payable | $0 |
| Deferred revenue | $20,205 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,745 |
| Net assets without donor restrictions | $578,127 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $599,872 |