Holy Names Center At Fort Wright
- Assets
- $316.8k
- Revenue
- $514.2k
- Investments
- $0.0
- Employees
- 37
- Location
- Spokane, WA
- Founding
- 03/1946
- Data as of
- 06/2019
- EIN
- 91-0566779
Organization Overview
Holy Names Center At Fort Wright is located in Spokane, WA. The organization was established in 1946. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2016, Holy Names Center At Fort Wright employed 37 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Names Center At Fort Wright 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 06/2019, Holy Names Center At Fort Wright generated $514.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $482.9k during the year ending 06/2019. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY INSTRUCTION AND PERFORMANCE OPPORTUNITIES IN THE MUSICAL ARTS TO ALL REGARDLESS OF AGE, ABILITY, INCOME LEVEL, RELIGIOUS TRADITION OR ETHNIC ORIGIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSES OF HOLY NAMES MUSIC CENTER AT FORT WRIGHT ARE TO ACQUIRE GRANTS AND OTHER FUNDING TO ENABLE THE CENTER TO PROVIDE INDIVIDUAL INSTRUCTION AND/OR PARTICIPATION IN THE MUSIC ART EDUCATIONAL PROGRAMS WE OFFER. WE ALSO PROVIDE TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS FOR DESERVING STUDENTS. PRIVATE MUSIC LESSONS AND EDUCATIONAL PROGRAMS ON ALL ORCHESTRAL INSTRUMENTS, SCHOLARSHIPS, AND OPPORTUNITIES FOR GROUP INSTRUCTION ARE OFFERED TO ALL AGES, AND ABILITY LEVELS. SUMMER CAMPS INCLUDE STRINGS CAMP, JAZZ CAMP, PIANO CAMP, AND SINGERS PERFORMANCE WEEK. WE OFFER OUR FACILITY AND SUPPLIES TO THOSE WHO WISH TO HOST A SUMMER CAMP. DONATED USE OF FACILITIES AT THE MUKOGAWA FORT WRIGHT BUILDING VALUED AT OVER 74,302 WHICH IS EXCLUDED FROM THE REVENUES OR EXPENSES OF THE FORM 990, ALTHOUGH IS A VALUABLE SOURCE OF SUPPORT FOR THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Klingman Faculty Repr | Trustee | 1 | $7,086 |
Nancy Chase President | Officer | 2 | $0 |
Kevin Jones Vice Preside | Officer | 1 | $0 |
Ann Price Secretary | Officer | 2 | $0 |
Pete Joplin Trustee | Trustee | 1 | $0 |
Ann Pizelo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,384 |
| Investment income | $5,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,456 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,845 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,549 |
| Insurance | $2,294 |
| All other expenses | $14,162 |
| Total functional expenses | $482,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $132,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,423 |
| Total assets | $316,845 |
| Accounts payable and accrued expenses | $491 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,132 |
| Total liabilities | $23,623 |
| Net assets without donor restrictions | $155,357 |
| Net assets with donor restrictions | $137,865 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $293,222 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holy Names Center At Fort Wright has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Artsfund Seattle, WA PURPOSE: WASHINGTON STATE COMMERCE NONPROFIT COMMUNITY RELIEF GRANT | $22,500 |
Endowment Analysis
| Beg. Balance | $118,521 |
| Earnings | -$6,560 |
| Net Contributions | $100 |
| Ending Balance | $112,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Seattle Chamber Music Festival Seattle, WA | $3,300,530 | $1,735,052 |
Washington Music Educators Association Renton, WA | $323,514 | $851,362 |
Seattle Jazzed Seattle, WA | $4,256,285 | $2,089,197 |
Rogue Valley Symphony Association Ashland, OR | $3,828,970 | $1,652,431 |
Music Center Of The Northwest Inc Seattle, WA | $2,802,841 | $1,300,374 |
Spokane American Youth Hockey Club Inc Spokane, WA | $411,285 | $808,966 |
Earshot Jazz Society Of Seattle Seattle, WA | $1,491,052 | $947,117 |
Music Conservatory Of Sandpoint Inc Sandpoint, ID | $1,006,215 | $718,046 |
Acoustic Sound Inc Milton, WA | $517,851 | $803,908 |
Soundview Uniserv Council Lakewood, WA | $662,629 | $619,022 |
Sitka Music Festival Inc Sitka, AK | $4,570,554 | $833,930 |