Friday Musicale Inc
- Assets
- $1.0m
- Revenue
- $122.1k
- Investments
- $181.3k
- Employees
- 5
- Location
- Jacksonville, FL
- Founding
- 04/1944
- Data as of
- 09/2023
- EIN
- 59-0766981
Organization Overview
Friday Musicale Inc is located in Jacksonville, FL. The organization was established in 1944. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Friday Musicale Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friday Musicale 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 09/2023, Friday Musicale Inc generated $122.1k 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 (13.7%) each year. All expenses for the organization totaled $231.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING CULTURAL ENRICHMENT TO THE COMMUNITY THROUGH MUSICAL EVENTS AND CONCERTS. FOR THE YEAR ENDED 9/30/2022 APPROXIMATELY 3650 INDIVIDUALS WERE PROVIDED CONCERT PERFORMANCE THROUGH ITS FREE ANNUAL CONCERT SERIES. ADDITIONALLY, APPROXIMATELY 5400 PEOPLE WERE SERVED VIA THE ORGANIZATION'S STUDENT RECITALS AND OTHER EDUCATIONAL OUTREACH EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Stark Director | 0 | $0 | |
Rhonda Cassano Director | 0 | $0 | |
Michael Landrum Director | 0 | $0 | |
Cliff Newton Director | 0 | $0 | |
William Roelke Director | 0 | $0 | |
James Hall Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,810 |
| Interest on Savings | $0 |
| Dividends & Interest | $982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,289 |
| Total Revenue | $122,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $60,698 |
| Pension plans, employee benefits | $15,861 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $31,141 |
| Occupancy | $36,175 |
| Travel, conferences, and meetings | $25 |
| Printing and publications | $0 |
| Other expenses | $63,248 |
| Total operating and administrative expenses | $231,628 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $231,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,962 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $48,341 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,514 |
| Net Land, buildings, and equipment | $750,467 |
| Other assets | $78 |
| Total assets | $1,029,169 |
| Accounts payable and accrued expenses | $124,899 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $124,899 |
Grants Awarded
Over the last fiscal year, Friday Musicale Inc has awarded $29,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX MCGUIRE PURPOSE: MUSICAL SCHOLARSHIP | $4,000 |
MEGAN WOJTYLA PURPOSE: MUSICAL SCHOLARSHIP | $8,000 |
AMY LAO PURPOSE: MUSICAL SCHOLARSHIP | $2,500 |
ALEX MCGUIRE PURPOSE: MUSICAL SCHOLARSHIP | $4,000 |
MEGAN WOJTYLA PURPOSE: MUSICAL SCHOLARSHIP | $8,000 |
AMY LAO PURPOSE: MUSICAL SCHOLARSHIP | $2,500 |