Mountain Home Music Inc
- Assets
- $16.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 06/2003
- Data as of
- 12/2020
- EIN
- 56-1933142
Organization Overview
Mountain Home Music Inc is located in Boone, NC. The organization was established in 2003. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Mountain Home 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 12/2020, Mountain Home Music Inc generated $6.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $9.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (30.7%) per year over the past 5 years. 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
2020
Describe the Organization's Program Activity:
Part 3
DUE TO COVID19 PANDEMIC, NO LIVE PERFORMANCES WERE PRESENTED IN 2020. A NUMBER OF ONLINE PERFORMANCES WERE VIEWED ON OUR WEBSITE, WITH VARIOUS ARTISTS DONATING THEIR TIME AND TALENTS. ONE "VIRTUAL GREETING CARD" WAS PRESENTED AS A FUNDRAISER FOR THE LOCAL CHARITIES SANTA'S TOYBOX AND HOSPITALITY HOUSE. FUNDS COLLECTED WERE DISBURSED IN THE 2021 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ada Webster President | 1 | $0 | |
Tom Pace Secretary | 1 | $0 | |
Jp Greene Treasurer | 1 | $0 | |
Jack James Member At Large | 1 | $0 | |
Sarah Borders Member At Large | 1 | $0 | |
Wade Wilmoth Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,758 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,951 |
| Investment income | $227 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $667 |
| Other Revenue | $0 |
| Total Revenue | $6,603 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,101 |
| Professional fees and other payments to independent contractors | $1,026 |
| Occupancy, rent, utilities, and maintenance | $300 |
| Printing, publications, postage, and shipping | $576 |
| Other expenses | $1,239 |
| Total expenses | $9,242 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,819 |
| Other assets | $0 |
| Total assets | $16,819 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,819 |