Music Worcester Inc
- Assets
- $8.4m
- Revenue
- $1.3m
- Investments
- $6.9m
- Employees
- 8
- Location
- Worcester, MA
- Founding
- 11/1943
- Data as of
- 06/2021
- EIN
- 04-2171207
Organization Overview
Music Worcester Inc is located in Worcester, MA. The organization was established in 1943. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Music Worcester Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Worcester 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 06/2021, Music Worcester Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $713.7k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENRICH CULTURAL LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC WORCESTER - ENHANCES THE ACCESS AND APPRECIATION OF THE HIGHEST QUALITY MUSIC VIA AFFORDABLE CONCERTS, RECITALS AND PERFORMANCES, MUSIC FESTIVALS, AND COLLABORATION WITH EDUCATIONAL AND NON-PROFIT BUSINESS ORGANIZATIONS
WORCESTER CHORUS - SPONSORS A COMMUNITY CHORUS, WHICH PERFORMS CHORAL MASTERWORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrien Finlay Executive Director | Trustee | 50 | $110,887 |
Robert Sorrenti President | OfficerTrustee | 1 | $0 |
Anthony Smith Vice President | OfficerTrustee | 1 | $0 |
David Mayotte Treasurer | OfficerTrustee | 1 | $0 |
Alice Lambert Clerk | OfficerTrustee | 1 | $0 |
Virginia Vaughan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opus 3 Artists Llc Talent Agency Services | 6/29/20 | $262,000 |
Columbia Artists Management Llc Talent Agency Services | 6/29/20 | $123,215 |
Opus 3 Artists Llc Talent Agency Services | 6/29/20 | $262,000 |
Columbia Artists Management Llc Talent Agency Services | 6/29/20 | $123,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,057,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,057,180 |
| Total Program Service Revenue | $52,863 |
| Investment income | $75,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,328,260 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $311,661 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,279 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $51,610 |
| Office expenses | $17,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,286 |
| 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 | $2,199 |
| Insurance | $5,649 |
| All other expenses | $41,859 |
| Total functional expenses | $713,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $401,600 |
| Accounts receivable, net | $448,680 |
| 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 | $12,160 |
| Net Land, buildings, and equipment | $1,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,866,361 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $8,446,755 |
| Accounts payable and accrued expenses | $53,464 |
| 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 | $483,727 |
| Total liabilities | $537,191 |
| Net assets without donor restrictions | $1,819,258 |
| Net assets with donor restrictions | $6,090,306 |
| 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 | $8,446,755 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Music Worcester Inc has recieved totaling $1,217,289.
| Awarding Organization | Amount |
|---|---|
Fletcher Foundation Worcester, MA PURPOSE: SUPPORT FLETCHER FAMILY ANNUAL CONCE | $500,000 |
Stoddard Charitable Trust Worcester, MA PURPOSE: SUPPORT ADDITIONAL CONCERT EACH YEAR | $250,000 |
Stoddard Charitable Trust Worcester, MA PURPOSE: SUPPORT ADDITIONAL CONCERT EACH YEAR | $150,000 |
Arthur M And Martha R Pappas Foundation Stoneham, MA PURPOSE: GENERAL | $100,000 |
George I Alden Trust Worcester, MA PURPOSE: TO FURTHER EDUCATION | $50,000 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: UNRESTRICTED | $29,722 |
Endowment Analysis
| Beg. Balance | $5,151,011 |
| Earnings | $933,169 |
| Net Contributions | $17,033 |
| Other Expense | $10,907 |
| Ending Balance | $6,090,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Providence Performing Arts Center Providence, RI | $61,822,286 | $33,498,809 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Stamford Center For The Arts Inc Stamford, CT | $18,714,807 | $7,026,118 |