Virginia Winds Academy Inc
- Assets
- $39.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, VA
- Founding
- 09/2019
- Data as of
- 06/2023
- EIN
- 83-2148702
Organization Overview
Virginia Winds Academy Inc is located in Springfield, VA. The organization was established in 2019. 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. Virginia Winds Academy 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 06/2023, Virginia Winds Academy Inc generated $79.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $73.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 3 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
MUSIC EDUCATION CLASSES, 3 CONCERTS EACH FOR JUNIOR WINDS (GRADES 6-8) AND SENIOR WINDS (GRADES 9-12) 128 STUDENTS, 29 CLASSES/REHEARSALS, 3 CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katheryn L Payne President & CEO | 3 | $0 | |
Daniel Sheridan Vice President | 1 | $0 | |
Jennifer Stokes Secretary | 1 | $0 | |
John Flahive Treasurer & COO | 20 | $0 | |
Linda Gammon Music Director | 8 | $960 | |
Denny Stokes Music Director | 8 | $11,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,687 |
| Total Program Service Revenue | $63,881 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,000 |
| Total Revenue | $79,568 |
| 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 | $49,659 |
| Occupancy, rent, utilities, and maintenance | $3,296 |
| Printing, publications, postage, and shipping | $349 |
| Other expenses | $20,188 |
| Total expenses | $73,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,750 |
| Other assets | $0 |
| Total assets | $39,765 |
| Total liabilities | $7,035 |
| Net assets or fund balances | $32,730 |