Cumberland Valley School Of Music
- Assets
- $1.2m
- Revenue
- $680.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Chambersburg, PA
- Founding
- 10/1990
- Data as of
- 08/2023
- EIN
- 25-1629280
Organization Overview
Cumberland Valley School Of Music is located in Chambersburg, PA. The organization was established in 1990. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Cumberland Valley School Of Music employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Valley School Of Music 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 08/2023, Cumberland Valley School Of Music generated $680.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $672.8k during the year ending 08/2023. While expenses have increased by 4.8% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A MUSICAL COMMUNITY WHERE HIGH QUALITY INSTRUCTION AND PERFORMANCE OPPORTUNITIES ARE AVAILABLE TO ALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE IS TO PROVIDE QUALITY MUSIC EDUCATION AT AFFORDABLE RATES FOR RESIDENTS OF FRANKLIN CO. PA AND NEIGHBORING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Mcendree Exec. Director | Officer | 40 | $63,000 |
Jeramy Culler President | OfficerTrustee | 4 | $0 |
Fred Ryerse Vice Pres. | OfficerTrustee | 4 | $0 |
Sean Raczkowski Treasurer | OfficerTrustee | 4 | $0 |
Maureen Spang Secretary | OfficerTrustee | 2 | $0 |
John Boozer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,635 |
| Total Program Service Revenue | $382,684 |
| Investment income | $25,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,523 |
| Net Income from Fundraising Events | $36,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,331 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $31,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,242 |
| Payroll taxes | $19,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,783 |
| Fees for services: Other | $31,878 |
| Advertising and promotion | $6,889 |
| Office expenses | $6,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,182 |
| Insurance | $8,153 |
| All other expenses | $14,654 |
| Total functional expenses | $672,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,182 |
| Investments—publicly traded securities | $903,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $1,160,229 |
| Accounts payable and accrued expenses | $2,180 |
| Grants payable | $0 |
| Deferred revenue | $146,313 |
| 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 | $148,493 |
| Net assets without donor restrictions | $609,218 |
| Net assets with donor restrictions | $402,518 |
| 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 | $1,160,229 |