Friends Of Music Inc
- Assets
- $59.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shepherdstown, WV
- Founding
- 02/2001
- Data as of
- 06/2022
- EIN
- 55-0776489
Organization Overview
Friends Of Music Inc is located in Shepherdstown, WV. The organization was established in 2001. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of Music 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, Friends Of Music Inc generated $111.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $122.4k during the year ending 06/2022. 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 Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Miller Jones President | 30 | $0 | |
Piper Sutton Vice President | 20 | $0 | |
Monica Bowen Secretary | 10 | $0 | |
Barbara B Zingg Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,278 |
| Total Program Service Revenue | $9,282 |
| Membership dues | $17,045 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,516 |
| Other Revenue | $4,780 |
| Total Revenue | $111,906 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,021 |
| Professional fees and other payments to independent contractors | $78,822 |
| Occupancy, rent, utilities, and maintenance | $5,678 |
| Printing, publications, postage, and shipping | $13,511 |
| Other expenses | $0 |
| Total expenses | $122,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,059 |
| Other assets | $0 |
| Total assets | $59,059 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,059 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Music Inc has recieved totaling $4,010.
| Awarding Organization | Amount |
|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Museum Of Fine Arts Foundation Richmond, VA | $286,070,393 | $48,848,372 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr Pittsburgh, PA | $45,504,203 | $6,881,220 |