Panther Creek Band Boosters
- Assets
- $138.9k
- Revenue
- $253.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 07/2008
- Data as of
- 06/2024
- EIN
- 03-0594433
Organization Overview
Panther Creek Band Boosters is located in Cary, NC. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panther Creek Band Boosters 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 06/2024, Panther Creek Band Boosters generated $253.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $259.3k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROMOTE AND SUPPORT THE MUSICAL EDUCATION OF HIGH SCHOOL STUDENTS PARTICIPATING IN THE VARIOUS BAND PROGRAMS AT PANTHER CREEK HIGH SCHOOL. THE VARIOUS BANDS CONSIST OF A COMPETITION-LEVEL MARCHING BAND, TWO CONCERT BANDS, A WIND ENSEMBLE, A JAZZ BAND AND A JAZZ COMBO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED ALL NECESSARY ECONOMIC AND PHYSICAL RESOURCES IN SUPPORT OF THE PANTHER CREEK HIGH SCHOOL BAND INCLUDING SUPPLIES, TRANSPORTATION, TRAVEL ARRANGEMENTS, OUTSOURCE SUPERVISION AND TRAINING, SHOW DESIGN, PROP AND SET CONSTRUCTION, STORAGE AND SUPPLY INVENTORY, COMPETITION LOGISTICS, MEMBERSHIP ADMINISTRATION, BUDGETING AND FISCAL OVERSIGHT. THE FINANCIAL RESOURCES RELIED UPON ARE GENERATED FROM ANNUAL MEMBER DUES, FUNDRAISING AND PUBLIC CONTRIBUTIONS
PANTHER CREEK MARCHING BAND COMPETED AT THE BOA REGIONAL CHAMPIONSHIPS IN TENNESSEE.
THE ORGANIZATION HOSTS AND PARTICIPATES IN AN OUTDOOR MARCHING COMPETITION WHICH SHOWCASED THE PANTHER CREEK BAND IN EXHIBITION PERFORMANCE WHILE ALSO GENERATING REVENUE FOR THE BOOSTER ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Weiss Band Director | OfficerTrustee | 10 | $5,000 |
Ron Garcia President | Officer | 5 | $0 |
Anitha Narayanan Vice President | Officer | 1 | $0 |
Amanda Crane VP Ways & Means | Officer | 1 | $0 |
Keri-Ann Bates VP Sustainability | Officer | 1 | $0 |
Nicole Patty Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,051 |
| Membership dues | $192,751 |
| Fundraising events | $9,109 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,911 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,020 |
| 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 | $5,262 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,850 |
| Advertising and promotion | $37,977 |
| Office expenses | $1,142 |
| Information technology | $4,068 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $447 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,683 |
| Insurance | $975 |
| All other expenses | $0 |
| Total functional expenses | $259,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,061 |
| 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 | -$47,838 |
| Net Land, buildings, and equipment | $76,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,925 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $138,925 |
| Net assets with donor restrictions | $0 |
| 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 | $138,925 |