East Carolina Musical Arts Education Foundation
- Assets
- $1.9m
- Revenue
- $114.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 56-2090478
Organization Overview
East Carolina Musical Arts Education Foundation is located in Greenville, NC. The organization was established in 1998. 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. East Carolina Musical Arts Education Foundation 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, East Carolina Musical Arts Education Foundation generated $114.7k 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 (26.1%) each year. All expenses for the organization totaled $53.7k during the year ending 12/2021. 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
TO DEVELOP MUSICAL PROJECTS, INCLUDING CONCERTS AND EDUCATIONAL WORKSHOPS, AND TO ENRICH THE CULTURAL OFFERINGS IN EASTERN NORTH CAROLINA AVAILABLE TO A BROAD DIVERSITY OF AUDIENCES, AND TO ENCOURAGE CONTINUED INTEREST IN AND PERFORMANCE OF ORGAN AND CHORAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTED VARIOUS CONCERTS, EDUCATIONAL WORKSHOPS, AND SPECIAL EVENTS IN COLLABORATION WITH ST. PAULS EPISCOPAL CHURCH, THE EAST CAROLINA UNIVERSITY SCHOOL OF MUSIC, AND THE CITY OF GREENVILLE NORTH CAROLINA. THE ORGANIZATION ALSO FUNDED THE MAINTENANCE AND UPKEEP OF THE C.B.FISK PIPE ORGAN, "OPUS 126," LOCATED AT ST. PAULS EPISCOPAL CHURCH IN GREENVILLE, N.C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Moll President | OfficerTrustee | 3 | $0 |
Karen Vail-Smith Vice President | OfficerTrustee | 3 | $0 |
William Gee Secretary | OfficerTrustee | 3 | $0 |
Jon Shaw Treasurer | OfficerTrustee | 3 | $0 |
Burney Warren Director | Trustee | 0.5 | $0 |
Finley Woolston Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,479 |
| Total Program Service Revenue | $175 |
| Investment income | $98,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,745 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42 |
| Fees for services: Accounting | $3,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,575 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $516 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $840 |
| All other expenses | $2,188 |
| Total functional expenses | $53,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,540 |
| Savings and temporary cash investments | $203,606 |
| 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 | $0 |
| Investments—publicly traded securities | $1,687,957 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,909,103 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $509,023 |
| Net assets with donor restrictions | $1,400,080 |
| 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 | $1,909,103 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Carolina Musical Arts Education Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Horton Family Foundation Inc Greenville, NC PURPOSE: TO ENCOURAGE AND SUPPORT COLLABORATIVE VENTURES BETWEEN ST. PAUL'S EPISCOPAL CHURCH, THE EAST CAROLINA UNIVERSITY SCHOOL OF MUSIC, AND THE CITY OF GREENVILLE NORTH CAROLINA | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Museum Of Art Foundation Inc Raleigh, NC | $80,876,506 | $13,828,837 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Marbles Kids Museum Raleigh, NC | $8,790,326 | $3,967,863 |
Friends Of Nc State Museum Of Natural Sciences Raleigh, NC | $9,967,287 | $3,956,524 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Medal Of Honor Foundation Inc Mt Pleasant, SC | $10,060,291 | $4,482,883 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
Frist Art Museum Foundation Nashville, TN | $70,216,759 | $5,732,814 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Cccd Foundation Asheville, NC | $13,541,355 | $324,970 |
Dixon Gallery & Gardens Memphis, TN | $38,922,507 | $2,396,670 |