Friday Morning Music Club Inc
- Assets
- $721.9k
- Revenue
- $159.9k
- Investments
- $616.2k
- Employees
- 1
- Location
- Washington, DC
- Founding
- 02/1959
- Data as of
- 06/2021
- EIN
- 52-6054866
Organization Overview
Friday Morning Music Club Inc is located in Washington, DC. The organization was established in 1959. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friday Morning Music Club 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 06/2021, Friday Morning Music Club Inc generated $159.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $201.7k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MUSICAL CULTURE AMONG MEMBERS OF THE CLUB AND IN THE WASHINGTON METROPOLITAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FMMC PRESENTS OVER 100 CONCERTS YEARLY, FREE AND OPEN TO THE WASHINGTON METROPOLITAN COMMUNITY & PROVIDES A MUSIC OUTREACH PROGRAM IN LOCAL NURSING HOMES AND SCHOOLS. THESE CONCERTS INCLUDE PERFORMANCES BY THE FMMC CHORALE AND ORCHESTRA.FMMC ALSO OFFERS STUDENT COMPETITIONS FOR VOICE, PIANO, STRINGS, COMPOSITION, BRASS/WOODWINDS, AND PERCUSSION. COACHING SESSIONS FOR CHAMBER, PIANO, AND VOICE ARE FREE AND OPEN TO THE PUBLIC.THE ANNUAL MEMBERSHIP DIRECTORY AND MONTHLY NEWSLETTER CELEBRATE 135 YEARS OF PROMOTING CLASSICAL MUSIC THROUGHOUT THE WASHINGTON METROPOLITAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Weyman Managing Dir | Officer | 40 | $60,000 |
Leslie Luxemburg President | OfficerTrustee | 1 | $0 |
Michelle Fegeas Vice President | OfficerTrustee | 1 | $0 |
Mary Alice Davidson Secretary | OfficerTrustee | 1 | $0 |
Christine Kharazian Vice President | OfficerTrustee | 1 | $0 |
Anne W Zim Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,207 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,690 |
| Total Program Service Revenue | $3,944 |
| Investment income | $9,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,890 |
| 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. | $67,984 |
| Compensation of current officers, directors, key employees. | $6,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,685 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,755 |
| 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 | $8,291 |
| Insurance | $2,954 |
| All other expenses | $15,583 |
| Total functional expenses | $201,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,691 |
| 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 | $9,575 |
| Net Land, buildings, and equipment | $54,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $616,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $721,882 |
| Accounts payable and accrued expenses | $833 |
| Grants payable | $0 |
| Deferred revenue | $20,409 |
| 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 | $21,242 |
| Net assets without donor restrictions | $182,252 |
| Net assets with donor restrictions | $518,388 |
| 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 | $721,882 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friday Morning Music Club Inc has recieved totaling $7,644.
| Awarding Organization | Amount |
|---|---|
Dallas Morse Coors Foundation For The Performing Arts Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,500 |
Alexander C Speyer & Tillie S Speyer Foundation Pittsburgh, PA PURPOSE: TO FURTHER THE EXEMPT ACTIVITIES OF THE CHARITY. | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
Endowment Analysis
| Beg. Balance | $440,601 |
| Earnings | $66,266 |
| Net Contributions | $195 |
| Other Expense | $4,569 |
| Grants | $101,737 |
| Ending Balance | $400,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Cherry Blossom Inc Bethesda, MD | $848,727 | $1,212,543 |
South County Athletic Association Lorton, VA | $414,265 | $1,243,554 |
Sports Fans Coalition Inc Washington, DC | $117,206 | $378,499 |
Phoenix Bikes Arlington, VA | $420,519 | $507,320 |
Elm Manor Homes Roanoke, VA | $1,054,035 | $383,063 |