Pacific Musicworks
- Assets
- $3.9k
- Revenue
- $242.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Seattle, WA
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 26-1253117
Organization Overview
Pacific Musicworks, operating under the name Academia d'Amore, is located in Seattle, WA. The organization was established in 2008. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Academia d'Amore employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academia d'Amore 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, Academia d'Amore generated $242.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $335.1k during the year ending 06/2022. While expenses have increased by 9.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM CONCERTS OF 17TH AND 18TH CENTURY MUSIC AND RELATED PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN PERFORMANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Tschopp Managing Director | OfficerTrustee | 40 | $50,000 |
Stephen Stubbs Artistic Director | Officer | 25 | $37,500 |
Henry Lebedinsky Artistic Director | Officer | 25 | $15,000 |
Tekla M Cunningham Orchestra Director | Officer | 25 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,337 |
| Related organizations | $0 |
| Government grants | $46,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,363 |
| Total Program Service Revenue | $1,800 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,828 |
| 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. | $102,500 |
| Compensation of current officers, directors, key employees. | $41,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,221 |
| Office expenses | $10,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,729 |
| Travel | $6,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,487 |
| All other expenses | $442 |
| Total functional expenses | $335,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,589 |
| Savings and temporary cash investments | $301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,895 |
| Accounts payable and accrued expenses | $6,409 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,409 |
| Net assets without donor restrictions | -$2,514 |
| 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 | $3,895 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pacific Musicworks has recieved totaling $4,887.
| Awarding Organization | Amount |
|---|---|
Wyman Youth Trust Seattle, WA PURPOSE: ART CULTURE | $4,000 |
Peaslee Foundation Seattle, WA PURPOSE: MUSIC | $500 |
John J And Georgiana Theodore Foundation Friday Harbor, WA PURPOSE: OPERATING EXPENSE | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Puget Sound Energy Foundation Wilmington, DE PURPOSE: EMPLOYEE MATCHING PROGRAM - GENERAL OPERATIONS | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Opera Seattle, WA | $79,324,035 | $23,974,024 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Seattle Opera Foundation Seattle, WA | $25,308,635 | $469,845 |
Anchorage Opera Company Anchorage, AK | $424,330 | $648,106 |
Eugene Opera Eugene, OR | $551,034 | $541,105 |
Opera Idaho Inc Boise, ID | $618,057 | $707,547 |
Pacific Musicworks Seattle, WA | $3,895 | $242,217 |
Tacoma Opera Association Tacoma, WA | $36,365 | $305,267 |
Friends Of The Opera House Elgin, OR | $261,680 | $443,087 |
Vashon Opera Burton, WA | $111,543 | $0 |
Sun Valley Opera Company Ketchum, ID | $167,419 | $179,668 |
Juneau Lyric Opera Assn Juneau, AK | $307,968 | $0 |