American Music Festivals
- Assets
- $389.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 36-4156315
Organization Overview
American Music Festivals is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. American Music Festivals 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 12/2023, American Music Festivals generated $13.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $20.9k during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTION OF AMERICAN MUSIC AND CULTURE IN THE CHICAGO AREA AND THROUGHOUT THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Simmons President | 20 | $0 | |
Jennifer Schack Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,968 |
| Total Program Service Revenue | $6,952 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,920 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,986 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,955 |
| Total expenses | $20,941 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $389 |
| Other assets | $0 |
| Total assets | $389 |
| Total liabilities | $5,634 |
| Net assets or fund balances | -$5,245 |