Poss Music Works Nfp
- Assets
- $27.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Effingham, IL
- Founding
- 03/2018
- Data as of
- 06/2022
- EIN
- 82-1686031
Organization Overview
Poss Music Works Nfp is located in Effingham, IL. The organization was established in 2018. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Poss Music Works Nfp 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 06/2022, Poss Music Works Nfp generated $88.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $117.0k during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 5 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
POSS MUSIC WORKS, NFP HOSTED A SERIES OF SUMMER MUSIC FESTIVALS IN CENTRAL ILLINOIS. THE FESTIVALS INCLUDED MULTIPLE DAYS OF LIVE MUSIC PERFORMED BY BOTH LOCAL AND NATIONAL ARTISTS. THE FESTIVALS TYPICALLY CELEBRATE OTHER ARTS AND CRAFTS AS WELL. FESTIVALS INCLUDED MOCCASIN CREEK AND SUMMER SUNDOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Passalacqua Director | 5 | $7,200 | |
John Crouch Board Member | 1 | $0 | |
Richard Rudy President | 1 | $0 | |
Erin Goldstein Vice President | 1 | $0 | |
Doug Winters Secretary | 1 | $0 | |
Louise Lybarger Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,091 |
| Total Program Service Revenue | $58,993 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,084 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,200 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $109,798 |
| Total expenses | $116,998 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,524 |
| Other assets | $0 |
| Total assets | $27,524 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,524 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Poss Music Works Nfp has recieved totaling $5,268.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,268 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |