Great Waters Music Festival Inc
- Assets
- $450.3k
- Revenue
- $658.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Wolfeboro, NH
- Founding
- 02/1997
- Data as of
- 12/2019
- EIN
- 02-0488006
Organization Overview
Great Waters Music Festival Inc is located in Wolfeboro, NH. The organization was established in 1997. 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 12/2019, Great Waters Music Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Waters Music Festival 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 12/2019, Great Waters Music Festival Inc generated $658.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $368.6k during the year ending 12/2019. While expenses have increased by 4.0% 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
TO PRESENT AND CREATE OUTSTANDING AND UNIQUE MUSICAL AND EDUCATIONAL EVENTS WHICH APPEAL TO A WIDE VARIETY OF TASTES AND ENRICH THE CULTURAL LIFE OF THE LAKES REGION OF NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESENT A VARIETY OF UNIQUE, HIGH-QUALITY MUSICAL PROGRAMS TO RESIDENTS AND VISITORS TO THE LAKES REGION OF NEW HAMPSHIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryll Andrews Former Executive Director | OfficerTrustee | 40 | $69,784 |
Timothy White Vice-Chair | OfficerTrustee | 5 | $0 |
Karen Haskell Secretary | OfficerTrustee | 3 | $0 |
Eric Gibson Treasurer | OfficerTrustee | 3 | $0 |
Barbara Olcott Chair | OfficerTrustee | 5 | $0 |
Barbara Lobdell Executive Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $102,794 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $435,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,365 |
| Total Program Service Revenue | $118,228 |
| Investment income | $2,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $658,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,784 |
| Compensation of current officers, directors, key employees. | $13,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,038 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,187 |
| Office expenses | $14,380 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,976 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139 |
| Insurance | $5,058 |
| All other expenses | $0 |
| Total functional expenses | $368,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,400 |
| Savings and temporary cash investments | $211,752 |
| Pledges and grants receivable | $218,000 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $1,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,267 |
| Accounts payable and accrued expenses | $1,442 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $0 |
| Total liabilities | $4,942 |
| Net assets without donor restrictions | $117,473 |
| Net assets with donor restrictions | $327,852 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,267 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Great Waters Music Festival Inc has recieved totaling $94,307.
| Awarding Organization | Amount |
|---|---|
Olcott Family Foundation Inc Wolfeboro, NH PURPOSE: CHARITABLE | $67,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Jennifer And Robert Grunbeck Family Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Jean And Henry Pollak Foundation Inc Manahawkin, NJ PURPOSE: FOR OPERATIONS | $150 |
Booth Foundation Boston, MA PURPOSE: SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $4,400 |
| Earnings | $305 |
| Admin Expense | $36,053 |
| Net Contributions | $141,200 |
| Ending Balance | $109,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
Record Company Inc Boston, MA | $3,786,300 | $2,710,315 |
Boston Early Music Festival Inc Cambridge, MA | $855,295 | $1,852,556 |
Boston Shipping Association Central Records Bureau Inc Charlestown, MA | $498,430 | $1,530,851 |
Yellow Barn Inc Putney, VT | $924,460 | $1,273,832 |
Portsmouth Music And Arts Center Inc Portsmouth, NH | $1,568,792 | $1,079,924 |
Boston Baroque Inc Boston, MA | $283,226 | $1,317,456 |
Manchester Community Music School Manchester, NH | $1,328,158 | $1,138,182 |
A Far Cry Inc Jamaica Plain, MA | $678,903 | $804,283 |