International Trombone Association
- Assets
- $680.2k
- Revenue
- $354.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 07/1973
- Data as of
- 12/2021
- 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 12/2021, International Trombone Association generated $354.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $348.0k during the year ending 12/2021. While expenses have increased by 10.1% 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
2021
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.
PRODUCING THE QUARTERLY MAGAZINE THE ITA JOURNAL.
PRODUCING THE ANNUAL ITA SOLO & ENSEMBLE COMPETITIONS.
OTHER EXEMPT PURPOSE ACCOMPLISHMENTS INCLUDE MAINTAINING THE ITA WEBSITE WWW.TROMBONE.NET, AWARDS , FESTIVALS, ARCHIVES, ITA PRESS, COMMISSIONS, AND CD PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Magnus Nilsson Executive Di | Officer | 24 | $26,400 |
Christopher Shook Secretary-Tr | OfficerTrustee | 5 | $0 |
Chris Houlding Chair | OfficerTrustee | 5 | $0 |
Bradley Palmer Vice-Chair | 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 | $5,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,087 |
| Total Program Service Revenue | $324,770 |
| Investment income | $22,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $298 |
| 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 | $2,124 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,283 |
| 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 | $10,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,856 |
| Advertising and promotion | $526 |
| Office expenses | $49,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,620 |
| Travel | $500 |
| 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 | $1,996 |
| All other expenses | $84,893 |
| Total functional expenses | $348,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,159 |
| Savings and temporary cash investments | $52,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,755 |
| 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 | $420,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,156 |
| Accounts payable and accrued expenses | $1,196 |
| Grants payable | $0 |
| Deferred revenue | $12,270 |
| 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 | $13,466 |
| Net assets without donor restrictions | $666,690 |
| 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 | $680,156 |
Endowment Analysis
| Beg. Balance | $408,074 |
| Earnings | $65,168 |
| Ending Balance | $473,242 |
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International Trombone Association Norman, OK | $680,156 | $354,283 |
Texas Neurological Society Austin, TX | $1,402,016 | $455,772 |