Aequalis Inc
- Assets
- $41.5k
- Revenue
- $214.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Lake Worth, FL
- Founding
- 08/1986
- Data as of
- 08/2022
- EIN
- 11-2798348
Organization Overview
Aequalis Inc is located in Lake Worth, FL. 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 08/2022, Aequalis Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aequalis 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 08/2022, Aequalis Inc generated $214.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $213.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSICAL PERFORMANCES AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERT-FORMAL CONCERTS IN CONCERT HALLS, UNIVERSITIES, AND OTHER COMMUNITY PERFORMANCE SPACES FOR GENERAL PUBLIC
SCHOOL PROGRAMS-SECONDARY & PRIMARY SCHOOL EVENTS DESIGNED TO INFORM AND EDUCATE CHILDREN ABOUT CHAMBER MUSIC IN GENERAL WHILE GIVING THEM EXPOSURE TO EXAMPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Parola Pres. & Treas. | Officer | 40 | $14,876 |
Margot Emery Clerk | Officer | 40 | $14,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,468 |
| Total Program Service Revenue | $114,875 |
| 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 | $214,343 |
| 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. | $29,751 |
| Compensation of current officers, directors, key employees. | $2,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,479 |
| Payroll taxes | $4,958 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $45,456 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $2,858 |
| Total functional expenses | $213,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $41,512 |
| 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 | $41,512 |
| 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 | $41,512 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aequalis Inc has recieved totaling $34,591.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $20,000 |
Cultural Council Of Palm Beach County Inc Lake Worth Beach, FL PURPOSE: C-1 Grant | $14,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |