Sergio Franchi Music Foundation
- Assets
- $1.2m
- Revenue
- $23.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Stonington, CT
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-2303882
Organization Overview
Sergio Franchi Music Foundation is located in Stonington, CT. The organization was established in 2019. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sergio Franchi Music Foundation 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, Sergio Franchi Music Foundation generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (65.1%) each year. All expenses for the organization totaled $45.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $300 |
| Capital Gain Net Income | $300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,379 |
| Total Revenue | $23,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,453 |
| Total operating and administrative expenses | $27,675 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $45,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,916 |
| Savings and temporary cash investments | $53,197 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,655 |
| Total assets | $1,172,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sergio Franchi Music Foundation has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VERO BEACH OPERA INC PURPOSE: FUNDING OPERATIONS | $17,000 |
AMERICAN SOCIETY OF THE ITALIAN PURPOSE: ACTIVITIES | $500 |