Norman Holland-Hull Instrument Library
- Assets
- $2.5m
- Revenue
- $2.2m
- Investments
- $1.8m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 05/2015
- Data as of
- 08/2023
- EIN
- 46-4425919
Organization Overview
Norman Holland-Hull Instrument Library is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Norman Holland-Hull Instrument Library 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 08/2023, Norman Holland-Hull Instrument Library generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $272.9k during the year ending 08/2023. While expenses have increased by 5.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS NONPROFIT PROGRAMS THAT ASSIST SCHOOL-AGE STUDENTS TO LEARN MUSICAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Segal President | 5 | $0 | |
Rachel Segal Executive Di | 10 | $28,659 | |
Steven Segal Director | 1 | $0 | |
Lyndsie Wilson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,166,253 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,801 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,218,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,659 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,651 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $9,695 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,888 |
| Total operating and administrative expenses | $72,893 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $272,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,097 |
| Savings and temporary cash investments | $62,775 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $545,663 |
| Other assets | $5,549 |
| Total assets | $2,480,702 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $181,436 |
| Total liabilities | $183,436 |