American Musical Instrument Society Inc
- Assets
- $420.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ipswich, MA
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 13-2896023
Organization Overview
American Musical Instrument Society Inc is located in Ipswich, MA. The organization was established in 1978. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. American Musical Instrument Society 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 12/2023, American Musical Instrument Society Inc generated $53.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $67.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE AMERICAN MUSICAL SOCIETY, INC., IS TO PROMOTE THE KNOWLEDGE OF ALL ASPECTS OF MUSICAL INSTRUMENTS, PARTICULARLY PERTAINING TO THE COLLECTING, HISTORY, PERFORMANCE ON, USE, CONSTRUCTION AND RESTORATION OF MUSICAL INSTRUMENTS OF ALL AGES AND ALL PEOPLES.
Describe the Organization's Program Activity:
Part 3
PUBLICATIONS: PUBLISHED ANNUAL SCHOLARLY JOURNAL (JOURNAL OF THE AMERICAN MUSICAL INSTRUMENT SOCIETY), 2 NEWSLETTERS, WEB PAGE.
OTHER PROGRAMS
ANNUAL MEETING: THE ANNUAL MEETING WAS HELD VIRTUALLY (ZOOM SESSIONS).
GRIBBON FUND: GRIBBON FUNDS SUPPORT THE WILLIAM E. GRIBBON MEMORIAL AWARD FOR STUDENT TRAVEL. SEVERAL STIDENTS (FOREIGN AND DOMESTIC) ARE AWARDED EACH YEAR TO ENABLE UNDERGRADUATE AND GRADUATE STUDENTS TO ATTEND THE SOCIETY'S ANNUAL MEETING. INCLUDES MEMBERSHIP AND REIMBURSEMENT OF CONFERENCE-RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet K Page President | 4 | $0 | |
James B Kopp Vice President | 4 | $0 | |
Michael Suing Secretary | 4 | $0 | |
Constance Huff Treasurer | 8 | $0 | |
Jayme Kurland Board Member | 1 | $0 | |
Anne Acker Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,795 |
| Total Program Service Revenue | $30,889 |
| Membership dues | $0 |
| Investment income | $18,749 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $84 |
| Total Revenue | $53,770 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,004 |
| Occupancy, rent, utilities, and maintenance | $1,588 |
| Printing, publications, postage, and shipping | $7,583 |
| Other expenses | $27,645 |
| Total expenses | $67,078 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,896 |
| Other assets | $0 |
| Total assets | $420,611 |
| Total liabilities | $0 |
| Net assets or fund balances | $420,611 |