Kerrytown Concert House Inc
- Assets
- $279.5k
- Revenue
- $615.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Ann Arbor, MI
- Founding
- 12/1985
- Data as of
- 05/2024
- EIN
- 38-2542823
Organization Overview
Kerrytown Concert House Inc is located in Ann Arbor, MI. The organization was established in 1985. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, Kerrytown Concert House Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kerrytown Concert House Inc 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 05/2024, Kerrytown Concert House Inc generated $615.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $535.7k during the year ending 05/2024. While expenses have increased by 5.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
KERRYTOWN CONCERT HOUSE (KCH) EXISTS TO ENGAGE, EDUCATE AND ENTERTAIN THE PUBLIC BY BRINGING HIGH-QUALITY ARTISTS AND AUDIENCES TOGETHER FOR ENHANCED APPRECIATION, ENJOYMENT AND UNDERSTANDING OF THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KERRYTOWN CONCERT HOUSE'S PRIMARY PROGRAM SERVICE IS TO PRESENT CONCERTS AND OTHER PERFORMING ARTS EVENTS THAT CARRY OUT THE MISSION STATED ABOVE. OUR MAJOR ACCOMPLISHMENT DURING THE 2023-24 FISCAL YEAR WAS TO FURTHER STRENGTHEN THE NONPROFIT VENUE'S RETURN TO VIGOROUS IN-PERSON PRESENTATIONS POST-PANDEMIC SHUTDOWN (91 CONCERTS - MORE THAN FY23) WHILE ALSO CONTINUING TO OFFER FREE ACCESS TO CONCERTS FOR AUDIENCES AT HOME THROUGH ITS LIVESTREAMING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hale President | OfficerTrustee | 2.5 | $0 |
Greg Bolino Vice Preside | OfficerTrustee | 1 | $0 |
Dennis Huibregtse Treasuer | OfficerTrustee | 3 | $0 |
Cynthia Straub Secretary | OfficerTrustee | 3 | $0 |
Ronald Bogdasarian Board Member | Trustee | 2 | $0 |
Marcus Darden Board Member | Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,972 |
| Total Program Service Revenue | $221,106 |
| Investment income | $728 |
| 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 | $1,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $615,686 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $57,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,504 |
| Advertising and promotion | $28,806 |
| Office expenses | $13,128 |
| Information technology | $2,004 |
| Royalties | $0 |
| Occupancy | $7,650 |
| Travel | $12,566 |
| 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 | $17,330 |
| Insurance | $3,637 |
| All other expenses | $13,274 |
| Total functional expenses | $535,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $104,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,493 |
| Accounts payable and accrued expenses | $2,755 |
| 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 | $2,755 |
| Net assets without donor restrictions | $276,738 |
| 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 | $279,493 |