Fort Worth Classic Guitar Society
- Assets
- $31.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/1995
- Data as of
- 06/2023
- EIN
- 75-2597517
Organization Overview
Fort Worth Classic Guitar Society is located in Fort Worth, TX. The organization was established in 1995. 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. Fort Worth Classic Guitar Society 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 06/2023, Fort Worth Classic Guitar Society generated $113.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $110.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
1) TO FOSTER INTEREST IN AND APPRECIATION OF THE CLASSIC GUITAR AMONG MEMBERS OF THE CORPORATION AND MEMBERS OF THE COMMUNITY. 2) TO INCREASE AWARENESS OF EXISTING CLASSIC GUITAR REPERTOIRE AND TO ENCOURAGE CREATION OF NEW CLASSIC GUITAR REPERTOIRE. 3) TO PRESENT DISTINGUISHED CONCERT ARTISTS AND COMPOSERS TO THE NORTH TEXAS AREA. 4) TO ENCOURAGE AND SUPPORT THE TRAINING, DEVELOPMENT, AND PROFESSIONAL EDUCATION OF ASPIRING PROFESSIONAL CLASSIC GUITARISTS.
1) TO FOSTER INTEREST IN AND APPRECIATION OF THE CLASSIC GUITAR AMONG MEMBERS OF THE CORPORATION AND MEMBERS OF THE COMMUNITY. 2) TO INCREASE AWARENESS OF EXISTING CLASSIC GUITAR REPERTOIRE AND TO ENCOURAGE CREATION OF NEW CLASSIC GUITAR REPERTOIRE. 3) TO PRESENT DISTINGUISHED CONCERT ARTISTS AND COMPOSERS TO THE NORTH TEXAS AREA. 4) TO ENCOURAGE AND SUPPORT THE TRAINING, DEVELOPMENT, AND PROFESSIONAL EDUCATION OF ASPIRING PROFESSIONAL CLASSIC GUITARISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Mcguire President | 36 | $42,000 | |
Mary Jane Hooper Chair | 2 | $0 | |
Brad Jensen Vice Chair, Internal Affairs | 10 | $0 | |
Paul Reitz Vice Chair, External Affairs | 2 | $0 | |
Mark Bryant Treasurer | 2 | $0 | |
Emma F Stewart Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,456 |
| Total Program Service Revenue | $75,963 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,419 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,213 |
| Professional fees and other payments to independent contractors | $120 |
| Occupancy, rent, utilities, and maintenance | $224 |
| Printing, publications, postage, and shipping | $5,004 |
| Other expenses | $59,550 |
| Total expenses | $110,111 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,603 |
| Other assets | $0 |
| Total assets | $31,603 |
| Total liabilities | $45,800 |
| Net assets or fund balances | -$14,197 |