St Petersburg Music Factory Inc
- Assets
- $5.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Largo, FL
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 84-1779902
Organization Overview
St Petersburg Music Factory Inc is located in Largo, FL. 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. St Petersburg Music Factory 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 12/2022, St Petersburg Music Factory Inc generated $24.2k 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 (18.0%) each year. All expenses for the organization totaled $25.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.4%) 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
2022
Describe the Organization's Program Activity:
Part 3
WE OFFER INSTRUCTION IN GUITAR, PIANO, BASS, DRUMS, VOCAL, BANJO, MANDOLIN AND DIGITAL AUDIO WORKSTATIONS. HALF OF OUR STUDENTS PARTICIPATE IN CUSTOM FLEXIBLE PAYMENT PLANS AND A QUARTER PARTICIPATES FOR FREE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Martin Owner | 35 | $1,370 | |
Raina Randolph Director | 20 | $8,860 | |
Lauren M Whipple Director | 0 | $0 | |
Barbara A Whipple Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,630 |
| Total Program Service Revenue | $22,619 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,249 |
| 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 | $14,246 |
| Occupancy, rent, utilities, and maintenance | $4,544 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,628 |
| Total expenses | $25,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $587 |
| Other assets | $0 |
| Total assets | $5,162 |
| Total liabilities | $18,657 |
| Net assets or fund balances | -$13,495 |