Hapco Music Foundation Inc is located in Winter Garden, FL. The organization was established in 2002. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hapco Music Foundation 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 12/2022, Hapco Music Foundation Inc generated $86.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $82.1k during the year ending 12/2022. While expenses have increased by 15.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
OUR EDUCATIONAL PROGRAMS HELP YOUNG PEOPLE IN CENTRAL FLORIDA FURTHER THEIR EDUCATION THROUGH MUSIC AND THE ARTS. WE ASSIST YOUTH PARTICULARLY IN LOW-INCOME COMMUNITIES WHO ARE ASPIRING TO A CAREER IN THE ARTS AS WELL AS THOSE USING THEIR TALENTS TO FUND THEIR HIGHER EDUCATION
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcmullen Joseph President | 40 | $0 | |
Robinson Claude Director | 5 | $0 | |
Myers Russell Director | 5 | $0 | |
Davis Sam Jr Director | 5 | $0 | |
Harris James Jr Director | 5 | $0 | |
Wilson Scott Director | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,630 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,630 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,149 |
| Printing, publications, postage, and shipping | $87 |
| Other expenses | $80,886 |
| Total expenses | $82,122 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,241 |
| Other assets | $0 |
| Total assets | $13,241 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,241 |