Compass Music And Arts Foundation Inc
- Assets
- $42.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brandon, VT
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 45-4040116
Organization Overview
Compass Music And Arts Foundation Inc is located in Brandon, VT. The organization was established in 2014. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Compass Music And Arts 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 12/2022, Compass Music And Arts Foundation Inc generated $40.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (44.7%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3
FOLLOWING THE PANDEMIC CLOSEDOWN AND THE FLOATING OFF OF BARN OPERA AS A SEPARATE ENTITY IN 2021, THE FOUNDATION HAS BEEN EFFECTIVELY DORMANT DURING THE YEAR, DUE MAINLY TO PERSONAL CIRCUMSTANCES AFFECTING BOARD MEMBERS, AND THE TEMPORARY UNAVAILABILITY OF THE VENUE NORMALLY USED FOR EVENTS. THIS IS IN PREPARATION FOR A RE-ORGANIZATION AND RE-LAUNCH IN 2023, AS THE EXECUTIVE OFFICER AND TREASURER WILL BE LEAVING TO MOVE TO THE UK AND NEW OFFICES ARE TO BE RECRUITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Collier Trustee | 5 | $0 | |
Laura King Trustee | 1 | $0 | |
Stephen Sutton Treasurer | 1 | $0 | |
Russ Mccolman Trustee | 5 | $0 | |
Mary Judith Reilly Trustee | 1 | $0 | |
Edna Sutton Executive Dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,083 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,086 |
| 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 | $2,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,741 |
| Total expenses | $4,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,747 |
| Other assets | $0 |
| Total assets | $42,747 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,747 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Compass Music And Arts Foundation Inc has recieved totaling $15,370.
| Awarding Organization | Amount |
|---|---|
Cricket Foundation U Instrument Of Trust Dtd 102878 Boston, MA PURPOSE: PERFORMANCE GROUP SUPPORT | $10,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |
Skowhegan School Of Painting And Sculpture Inc New York, NY | $36,819,916 | $5,437,614 |
Victor Association Of Cultural And Performing Arts Inc Farmington, NY | $1,879,847 | $2,511,834 |