Gasparilla Music Foundation Inc
- Assets
- $1.1m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Tampa, FL
- Founding
- 07/2013
- Data as of
- 04/2022
- EIN
- 45-2392256
Organization Overview
Gasparilla Music Foundation Inc is located in Tampa, FL. The organization was established in 2013. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2022, Gasparilla Music Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gasparilla Music Foundation 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 04/2022, Gasparilla Music Foundation Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $4.8m during the year ending 04/2022. While expenses have increased by 23.2% 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 NURTURE AND PROMOTE THE CULTURE OF TAMPA BAY BY PRESENTING A SPECTACULAR GATHERING OF MUSICIANS AND PERFORMERS THAT LEADS TO GREATER AWARENESS, ARTS EDUCATION AND THE CONTINUED URBAN RENEWAL OF DOWNTOWN TAMPA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GMF PRODUCTIONS PROVIDED OVER 400 PAID PERFORMANCE OPPORTUNITIES FOR LOCAL ARTISTS THROUGH PARTNERSHIPS WITH HILLSBOROUGH COUNTY AREA TRANSIT (HART) AND SPARKMAN WHARF.
RECYCLED TUNES PROGRAM PROVIDED OVER 300 NEW AND REFURBISHED INSTRUMENTS TO LOCAL SCHOOLS AND MUSIC PROGRAMS. THE PROGRAM ALSO PROVIDED SUPPLIES, STRINGS, REPAIRS AND OTHER SUPPORT TO TEACHERS AND CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Moore Director | OfficerTrustee | 5 | $0 |
Melanie Rouse President | OfficerTrustee | 5 | $0 |
Brett Morgan Secretary | OfficerTrustee | 5 | $0 |
Grymes Cannon Vice Preside | OfficerTrustee | 5 | $0 |
Bryce Alley Director | Trustee | 5 | $0 |
Kelly Bustin Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $454,021 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,557,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,084,402 |
| Total Program Service Revenue | $3,460,491 |
| Investment income | $745 |
| 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 | $5,545,638 |
| 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 | $292,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $335,596 |
| Office expenses | $35,254 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $158,531 |
| All other expenses | $338,884 |
| Total functional expenses | $4,794,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,391 |
| Savings and temporary cash investments | $840,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,035 |
| 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 | $315 |
| 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 | $1,064,591 |
| Accounts payable and accrued expenses | $61,095 |
| 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 | $61,095 |
| Net assets without donor restrictions | $1,003,496 |
| 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 | $1,064,591 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gasparilla Music Foundation Inc has recieved totaling $25,268.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $25,186 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |