Marlow Guitar International Incorporated
- Assets
- $66.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-4523712
Organization Overview
Marlow Guitar International Incorporated is located in Rockville, MD. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Marlow Guitar International Incorporated 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 06/2022, Marlow Guitar International Incorporated generated $166.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $167.8k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3
CONCERT SERIES:PRESENTED SIX CONCERTS FEATURING INTERNATIONAL AND AMERICAN GUITARISTS TO AN AVERAGE AUDIENCE OF 300.
BEATTY COMPETITION:CONDUCTED A CLASSICAL GUITAR COMPETITION FOR YOUNG ARTISTS IN THE WASHINGTON-BALITMORE AREA.
OUTREACH: PRESENTED 10 FREE GUITAR CONCERTS AND ASSOCIATED AUDIENCE DISCUSSIONS IN LOCAL PUBLIC LIBRARIES AND SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joao Figueiroa Executive Director | 25 | $33,600 | |
Clifford Moy President | 10 | $0 | |
David Kirstein Vice President | 2 | $0 | |
Duane Morse Treasurer | 10 | $0 | |
Frank Bevacqua Secretary | 1 | $0 | |
Chen-Tai Chen Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,720 |
| Total Program Service Revenue | $29,953 |
| Membership dues | $0 |
| Investment income | $75 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,942 |
| Other Revenue | $822 |
| Total Revenue | $166,694 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,079 |
| Professional fees and other payments to independent contractors | $53,200 |
| Occupancy, rent, utilities, and maintenance | $10,400 |
| Printing, publications, postage, and shipping | $783 |
| Other expenses | $38,349 |
| Total expenses | $167,811 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,566 |
| Other assets | $0 |
| Total assets | $66,139 |
| Total liabilities | $3,054 |
| Net assets or fund balances | $63,085 |