Down By Downtown Music Inc
- Assets
- $48.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 81-2334271
Organization Overview
Down By Downtown Music Inc is located in Roanoke, VA. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Down By Downtown Music 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 12/2023, Down By Downtown Music Inc generated $159.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $151.5k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE MUSIC AND ENTERTAINMENT IN A SMALL VENUE FOR LOCAL TALENT, GIVING THEM A STAGE TO PERFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Neely Treasurer | 1 | $0 | |
Bruce Bryan CEO | 2 | $0 | |
John Pence Executive Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,479 |
| Total Program Service Revenue | $137,532 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$15,719 |
| Other Revenue | $11,402 |
| Total Revenue | $159,694 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,892 |
| Professional fees and other payments to independent contractors | $45,866 |
| Occupancy, rent, utilities, and maintenance | $33,622 |
| Printing, publications, postage, and shipping | $21,809 |
| Other expenses | $21,314 |
| Total expenses | $151,503 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,328 |
| Other assets | $0 |
| Total assets | $48,725 |
| Total liabilities | $2,458 |
| Net assets or fund balances | $46,267 |