Hot Springs Community Band Inc
- Assets
- $164.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hot Springs, AR
- Founding
- 06/1989
- Data as of
- 12/2020
- EIN
- 58-1836887
Organization Overview
Hot Springs Community Band Inc is located in Hot Springs, AR. The organization was established in 1989. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Hot Springs Community Band 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, Hot Springs Community Band Inc generated $30.0k 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 (14.0%) each year. All expenses for the organization totaled $31.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.6%) 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
TO OPERATE A COMMUNITY BAND CONSISTING OF APPROXIMATELY 80 MEMBERS. PARTICIPATION IN THE BAND IS OPEN TO THE PUBLIC WITH ABILITY TO PERFORM AT BAND LEVEL. BAND PROVIDES MUSIC EDUCATION TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Harvey President | 5 | $0 | |
Nora Cole Board Member | 3 | $0 | |
Rick Perryman Treasurer | 3 | $0 | |
Robert Casteel Secretary | 3 | $0 | |
Craig Hamilton Board Member | 1 | $0 | |
Sally Matthews Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,566 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $98 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,289 |
| Total Revenue | $29,953 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,944 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $288 |
| Other expenses | $9,977 |
| Total expenses | $31,209 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,213 |
| Other assets | $0 |
| Total assets | $164,192 |
| Total liabilities | $0 |
| Net assets or fund balances | $164,192 |