Garth Newel Music Center Foundation Corp

Organization Overview

Garth Newel Music Center Foundation Corp is located in Warm Springs, VA. The organization was established in 1991. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Garth Newel Music Center Foundation Corp employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garth Newel Music Center Foundation Corp 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 12/2021, Garth Newel Music Center Foundation Corp generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 0.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CHAMBER MUSIC PERFORMANCES ARE GIVEN TO ENCOURAGE PUBLIC APPRECIATION OF THE ARTS AS WELL AS TO ALLOW STUDENTS THE OPPORTUNITY TO PERFORM AND LEARN FROM OTHER ARTISTS.

Describe the Organization's Program Activity:

PLAN, HOST, AND PERFORM YEAR ROUND CHAMBER MUSIC CONCERTS.


COMPREHENSIVE K-12 STRING MUSIC EDUCATION PROGRAM.


TOURING AND EDUCATIONAL OUTREACH PROGRAMS THROUGHOUT THE REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Shawn Puller
Executive Dir.
$71,595
Gene Sullivan
Vice President
$0
Stephanie Hiner
Secretary
$0
John Diffey
President
$0
Jim Fechner
Treasurer
$0
David Hopkins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $140,808
All other contributions, gifts, grants, and similar amounts not included above$2,709,885
Noncash contributions included in lines 1a–1f $146,833
Total Revenue from Contributions, Gifts, Grants & Similar$2,850,693
Total Program Service Revenue$109,683
Investment income $78,618
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $221,097
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,286,449

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Garth Newel Music Center Foundation Corp has recieved totaling $372,500.

Awarding OrganizationAmount
Ann K Kirby Foundation

Richmond, VA

PURPOSE: TO SUPPORT CAPITAL IMPROVEMENTS TO THE GARTH NEWEL MUSIC CAMPUS

$350,000
$22,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,740,437
Earnings$736,925
Net Contributions$379,017
Other Expense$109,000
Ending Balance$5,747,379

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