The Washington Balalaika Society Inc
- Assets
- $91.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 54-1533423
Organization Overview
The Washington Balalaika Society Inc is located in Fairfax, VA. The organization was established in 1990. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, 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. Washington Balalaika Society 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 06/2022, Washington Balalaika Society Inc generated $63.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $56.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Bohm President | 30 | $0 | |
June Whelan Vice President | 20 | $0 | |
Art Shaw Director | 10 | $0 | |
Pat Scherago Director | 5 | $0 | |
Jane Purcell Director | 20 | $0 | |
Claudia Dwass Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,536 |
| Total Program Service Revenue | $28,469 |
| Membership dues | $3,535 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,468 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,077 |
| Professional fees and other payments to independent contractors | $4,884 |
| Occupancy, rent, utilities, and maintenance | $3,073 |
| Printing, publications, postage, and shipping | $4,722 |
| Other expenses | $16,732 |
| Total expenses | $56,488 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,323 |
| Other assets | $0 |
| Total assets | $91,404 |
| Total liabilities | $5,220 |
| Net assets or fund balances | $86,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Washington Balalaika Society Inc has recieved totaling $127.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Association Of Craft Artists Nashville, TN | $311,236 | $541,485 |
Just Enterprises Inc Louisville, KY | $277,184 | $333,690 |
National Association Of Black Storytellers Inc Baltimore, MD | $80,509 | $0 |
Cricket Craftsmen Inc Winstonsalem, NC | $99,605 | $0 |
Association For Recorded Sound Collections Inc Annapolis, MD | $304,529 | $0 |
Country Dance & Song Society Inc Knoxville, TN | $84,661 | $0 |
The Washington Balalaika Society Inc Fairfax, VA | $91,404 | $0 |
Country Dance And Song Society Inc Charlotte, NC | $41,972 | $0 |
Louisville Guitar Society Inc Louisville, KY | $3,961 | $0 |
African Cultural And Resources Center Acrc Corporation Silver Spring, MD | $0 | $0 |