Groton Hill Music Inc
- Assets
- $224.0m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 132
- Location
- Groton, MA
- Founding
- 04/1986
- Data as of
- 06/2023
- EIN
- 04-2867945
Organization Overview
Groton Hill Music Inc is located in Groton, MA. The organization was established in 1986. 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 06/2023, Groton Hill Music Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groton Hill Music 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 06/2023, Groton Hill Music Inc generated $22.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $12.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE THE TRANSFORMATIVE POWER OF MUSIC THROUGH TEACHING, PERFORMING & GIVING MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSIC EDUCATION PROGRAM SERVED APPROXIMATELY 1,500 STUDENTS OF ALL AGES AND ABILITIES WITH A FACULTY OF PROFESSIONAL ARTISTS AND EDUCATORS THROUGH PRIVATE INSTRUCTION, GROUP LESSONS AND ENSEMBLES FOR ALL INSTRUMENTS AND VOICE, IN MANY GENRES INCLUDING CLASSICAL, JAZZ, FOLK, POPULAR, CELTIC, AND TRADITIONAL MUSIC. THE ORGANIZATION IS COMMITTED TO PROVIDING AFFORDABLE MUSIC EDUCATION AND ALSO HAS BEEN ABLE TO PROVIDE $61,742 IN SCHOLARSHIP AID.
THE ORGANIZATION'S PERFORMANCE PROGRAM SERVED OVER 20,000 PEOPLE THROUGH PERFORMANCES BY PROFESSIONAL HIGH CALIBER PERFORMING ARTISTS IN MANY GENRES OF MUSIC INCLUDING CLASSICAL, JAZZ, BLUE GRASS, COUNTRY, AND TRADITIONAL MUSIC AS WELL AS PERFORMANCES BY THE ORGANIZATIONS PROFESSIONAL VISTA PHILHARMONIC ORCHESTRA LED BY CONDUCTOR BRUCE HANGEN.
THE ORGANIZATION'S COMMUNITY ENGAGEMENT PROGRAMS SERVE ITS COMMUNITY THROUGH FREE MUSIC SCHOOL PROGRAMS IN UNDER RESOURCED PUBLIC SCHOOL DISTRICTS AND IN BOYS AND GIRLS CLUBS, FREE PROFESSIONAL CONCERTS THAT SERVE ITS COMMUNITY WHICH INCLUDES SENIOR CITIZENS, RESIDENTS OF ASSISTED LIVING FACILITIES AND FAMILIES, AND BEDSIDE SINGING BY ITS THRESHOLD SINGERS FOR THOSE IN HOSPICE CARE OR AT THE END OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Fiorentino Chief Executive Officer | Officer | 40 | $184,897 |
Pete Robbins Dir Of Education & Perform | 40 | $133,760 | |
Catherine Coleman Director Of Development | 40 | $132,050 | |
Matthew Malikowski Director Of Operations | 40 | $106,764 | |
Simon Jones Chair | OfficerTrustee | 1 | $0 |
Miriam Smith Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,951,795 |
| Noncash contributions included in lines 1a–1f | $611,564 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,999,080 |
| Total Program Service Revenue | $3,264,256 |
| Investment income | $923,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,740 |
| Net Gain/Loss on Asset Sales | $1,456,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,723,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $61,742 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,592 |
| Compensation of current officers, directors, key employees. | $45,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,007,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,446 |
| Payroll taxes | $251,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,829 |
| Fees for services: Other | $795,891 |
| Advertising and promotion | $212,789 |
| Office expenses | $173,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,507,288 |
| 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 | $2,182,482 |
| Insurance | $64,572 |
| All other expenses | $577,298 |
| Total functional expenses | $12,261,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,838,920 |
| Savings and temporary cash investments | $6,938,208 |
| Pledges and grants receivable | $650,140 |
| Accounts receivable, net | $3,415 |
| 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 | $145,125 |
| Net Land, buildings, and equipment | $186,703,528 |
| Investments—publicly traded securities | $26,762,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,041,401 |
| Accounts payable and accrued expenses | $214,012 |
| Grants payable | $0 |
| Deferred revenue | $956,927 |
| 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 | $160,615 |
| Total liabilities | $1,331,554 |
| Net assets without donor restrictions | $195,291,540 |
| Net assets with donor restrictions | $27,418,307 |
| 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 | $224,041,401 |