North Carolina Music Hall Of Fame Inc
- Assets
- $60.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kannapolis, NC
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 56-1898466
Organization Overview
North Carolina Music Hall Of Fame Inc is located in Kannapolis, NC. The organization was established in 1995. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Music Hall Of Fame 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 12/2021, North Carolina Music Hall Of Fame Inc generated $54.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $110.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO CREATE PUBLIC AWARENESS OF NORTH CAROLINA MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Cordle Executive Director | 40 | $43,000 | |
Edward Ray Consultant | 5 | $24,000 | |
Douglas E Croft Ex-Officio Board Member | 1 | $0 | |
Joe W Carroll Ex-Officio | 1 | $0 | |
Lynne Safrit Honorary Member | 1 | $0 | |
Linda Curb Ex-Officio Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,138 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,680 |
| Other Revenue | $9,290 |
| Total Revenue | $53,974 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,180 |
| Professional fees and other payments to independent contractors | $28,251 |
| Occupancy, rent, utilities, and maintenance | $300 |
| Printing, publications, postage, and shipping | $823 |
| Other expenses | $18,377 |
| Total expenses | $110,931 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,330 |
| Other assets | $0 |
| Total assets | $60,308 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,308 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Music Hall Of Fame Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leadership Institute Arlington, VA | $34,291,273 | $30,548,300 |
Association Of Social Work Boards Culpeper, VA | $45,860,207 | $24,599,963 |
State Leadership Project Raleigh, NC | $3,276,148 | $7,562,272 |
Center For Faithwalk Leadership Greer, SC | $344,414 | $1,017,483 |
Christian Leadership Concepts Inc Brentwood, TN | $1,952,549 | $1,546,078 |
Mt Calvary Leadership Development Corporation Inc Burgaw, NC | $77,890 | $1,122,804 |
Leadership Memphis Memphis, TN | $2,991,348 | $1,241,155 |
Lead Virginia Richmond, VA | $666,110 | $964,237 |
The Leadership Center For Excellence Inc Arlington, VA | $483,941 | $724,619 |
Leadership Georgia Foundation Inc Atlanta, GA | $6,913,286 | $1,093,403 |
Leadership Nashville Foundation Nashville, TN | $1,099,432 | $692,490 |
Leadership Ministries Inc Atlanta, GA | $801,340 | $749,963 |