Aiken Music Festival
- Assets
- $290.1k
- Revenue
- $256.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Aiken, SC
- Founding
- 10/2008
- Data as of
- 04/2021
- EIN
- 26-2892095
Organization Overview
Aiken Music Festival, operating under the name Joye In Aiken, is located in Aiken, SC. The organization was established in 2008. 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. Joye In Aiken 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 04/2021, Joye In Aiken generated $256.9k 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 (4.4%) each year. All expenses for the organization totaled $153.9k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENHANCE THE QUALITY AND ENRICH THE CULTURAL LIFE OF OUR CITY THROUGH VARIOUS MUSIC ENSEMBLES AND CONCERTS. THE MISSION IS TO SUPPORT THE ADVANCEMENT OF THE MUSICAL ARTS AND SERVE THE COMMUNITY BY EDUCATING THE PUBLIC, INSPIRING NEW GENERATIONS OF BOTH AUDIENCES AN MUSICIANS, GIVING YOUNG MUSICIANS AND OPPORTUNITY TO SERVE SOCIETY, AND PROVIDING ESTABLISHED PROFESSIONAL MUSICIANS OPPORTUNITY TO RECOMMIT THEMSELVES TO MUSIC EDUCATION AND TO PURSUE NEW DIRECTIONS IN THEIR OWN ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC FESTIVALS FEATURING JOYE IN AIKEN'S MOST TALENTED STUDENTS, FACULTY AND ALUMNI DESIGNED TO ATTRACT A LARGE CROSS-SECTION OF RESIDENTS BY OFFERING DISCOUNTED TICKET PRICES AND OFFERING A BENEFIT CONCERT FOR DONORS.
OUTREACH ACTIVITIES BY THE JOYE IN AIKEN STUDENTS IN THE LOCAL AREA TO INCLUDE ARTIST RESIDENCIES, IN-SCHOOL INTERACTIVE PERFORMANCES, MASTER CLASSES, CLINICS, PRECONCERT EVENTS,A YOUNG PEOPLE'S CONCERT, AND JAZZ CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Jennings Executive Di | Trustee | 40 | $75,000 |
Cody Anderson Vice Preside | OfficerTrustee | 2 | $0 |
Dr Sandra Field President | OfficerTrustee | 2 | $0 |
Ellie Joos Secretary | OfficerTrustee | 2 | $0 |
Steve Naifeh Chairman | OfficerTrustee | 2 | $0 |
Allan Sorensen Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,784 |
| Investment income | $123 |
| 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 | $256,907 |
| Statement of Expenses | |
|---|---|
| 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. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,972 |
| Advertising and promotion | $12,012 |
| Office expenses | $1,217 |
| Information technology | $3,726 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,908 |
| Insurance | $1,331 |
| All other expenses | $0 |
| Total functional expenses | $153,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,510 |
| Savings and temporary cash investments | $98,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,533 |
| 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 | $1,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,060 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,165 |
| Total liabilities | $2,165 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $287,895 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aiken Music Festival has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |
Charleston Jazz North Charleston, SC | $510,397 | $1,004,740 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Kidznotes Durham, NC | $613,615 | $610,805 |
Moravian Music Foundation Inc Winstonsalem, NC | $3,603,904 | $484,004 |
Bob Moog Memorial Foundation For Electronic Music Inc Asheville, NC | $669,399 | $807,531 |
Columbia City Jazz Dance Company And Scholl Columbia, SC | $1,020,212 | $503,153 |
Pianosforeducationorg Inc Atlanta, GA | $1,345,383 | $986,288 |
Highlands Chamber Music Festival Inc Highlands, NC | $1,258,253 | $538,430 |