Renaissance Music Academy Of Virginia
- Assets
- $717.5k
- Revenue
- $528.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Blacksburg, VA
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 54-1657949
Organization Overview
Renaissance Music Academy Of Virginia is located in Blacksburg, VA. The organization was established in 1993. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Renaissance Music Academy Of Virginia employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Music Academy Of Virginia 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, Renaissance Music Academy Of Virginia generated $528.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $410.9k during the year ending 12/2021. While expenses have increased by 3.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERS PRIVATE STUDY OF PIANO, CELLO, VIOLIN, BASIC MUSICIANSHIP SKILLS TO CHILDREN AGES 4-18 IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Ehrlich Director | Trustee | 40 | $64,586 |
David Ehrlich President | OfficerTrustee | 15 | $21,188 |
C Barry Anderson Secretary | OfficerTrustee | 1 | $0 |
Steve Gerus Vice-President | OfficerTrustee | 1 | $0 |
Samara Mcmillion Abplanalp Treasurer | OfficerTrustee | 2 | $0 |
Deb Sim Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,070 |
| Total Program Service Revenue | $400,137 |
| Investment income | $4,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $528,389 |
| 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. | $85,774 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $232,543 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $614 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,626 |
| 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 | $2,564 |
| Insurance | $0 |
| All other expenses | $9,205 |
| Total functional expenses | $410,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $711,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,474 |
| Accounts payable and accrued expenses | $21,504 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $21,504 |
| Net assets without donor restrictions | $598,442 |
| Net assets with donor restrictions | $97,528 |
| 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 | $717,474 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Renaissance Music Academy Of Virginia has recieved totaling $5,420.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The New River Valley Inc Christiansburg, VA PURPOSE: To support mission of organization | $5,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Penland School Of Craft Penland, NC | $77,347,904 | $8,195,417 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Baltimore School For The Arts Fdn Inc Baltimore, MD | $22,453,780 | $3,552,392 |
The Metropolitan Center For The Visual Arts Inc Rockville, MD | $1,589,727 | $2,983,675 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Artsplus Charlotte, NC | $2,425,687 | $2,154,815 |
Theatre Lab Washington, DC | $1,317,349 | $1,528,317 |
Wide Angle Youth Media Inc Baltimore, MD | $2,050,575 | $2,195,413 |
Sultana Education Foundation Inc Chestertown, MD | $9,308,717 | $2,075,256 |
D C Arts And Humanities Education Collaborative Inc Washington, DC | $468,778 | $1,127,948 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |