Danbury Music Centre Inc
- Assets
- $359.2k
- Revenue
- $333.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Danbury, CT
- Founding
- 03/1951
- Data as of
- 05/2024
- EIN
- 06-0732184
Organization Overview
Danbury Music Centre Inc is located in Danbury, CT. The organization was established in 1951. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danbury Music Centre 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 05/2024, Danbury Music Centre Inc generated $333.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $381.0k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 years. 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
TO SPONSOR MUSICAL ORGANIZATIONS, BOTH INSTRUMENTAL & VOCAL, FOR PERSONS TO STUDY & PERFORM MUSIC AND SHARE THE JOY OF MUSIC WITH PEOPLE IN THE GREATER DANBURY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS BOTH CHORAL AND ORCHESTRAL AS WELL AS PERFORMANCES ARE PRESENTED THROUGHOUT THE YEAR TO THE GENERAL PUBLIC. ATTENDANCE FOR ALL EVENTS IS NORMALLY IN EXCESS OF 5,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcie Gemza Director | Trustee | 1 | $6,000 |
Laura Flachbart President | OfficerTrustee | 1 | $0 |
Gina Corriero Vice President | OfficerTrustee | 1 | $0 |
Joan Howard Secretary | OfficerTrustee | 1 | $0 |
Peg Heetmann Treasurer | OfficerTrustee | 1 | $0 |
Michael Bank Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,686 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,345 |
| Total Program Service Revenue | $121,467 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,152 |
| 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 | $0 |
| Other salaries and wages | $39,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,826 |
| Advertising and promotion | $15,513 |
| Office expenses | $22,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,971 |
| Travel | $215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,306 |
| All other expenses | $23,353 |
| Total functional expenses | $380,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,217 |
| 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 | $0 |
| Investments—publicly traded securities | $137,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,219 |
| Total assets | $359,207 |
| Accounts payable and accrued expenses | $378 |
| 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 | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $25,378 |
| Net assets without donor restrictions | $176,394 |
| Net assets with donor restrictions | $157,435 |
| 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 | $359,207 |