American Recorder Society Inc
- Assets
- $392.2k
- Revenue
- $302.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 01/1962
- Data as of
- 08/2021
- EIN
- 13-2930296
Organization Overview
American Recorder Society Inc is located in Charlotte, NC. The organization was established in 1962. 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. As of 08/2023, American Recorder Society Inc employed 2 individuals. This organization is the central organization for a national or regional group of organizations. American Recorder 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 08/2021, American Recorder Society Inc generated $302.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $203.2k during the year ending 08/2021. While expenses have increased by 5.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE MUSIC EDUCATION AND SKILL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH MAGAZINE AND NEWSLETTER (PRINT AND ELECTRONIC) 4 TIMES PER YEAR PROVIDING NEWS, EVENTS AND EDUCATIONAL ARTICLES FOR MEMBER BENEFIT AND SUBSCRIBERS AT PUBLIC LIBRARIES AND UNIVERSITIES.
PROMOTION OF AND PRESENCE AT WORKSHOP PRESENTATIONS, MUSICAL PERFORMANCES AND SESSIONS AT CONFERENCES FOR MUSICAL EDUCATION OF MEMBERS AND THE PUBLIC. PROMOTE AND PROVIDE RESOURCES FOR THE RECORDER COMMUNITY THROUGH AN INTERACTIVE WEBSITE AND SOCIAL MEDIA.
SCHOLARSHIPS FOR STUDENTS AND PROFESSIONALS TO ATTEND MUSICAL WORKSHOPS OR PARTICIPATE IN PROFESSIONAL OUTREACH PROGRAMS. PROVIDE EDUCATIONAL OUTREACH GRANTS TO MUSIC EDUCATORS TO EXPAND THEIR RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Mishler President | Officer | 6 | $0 |
Jody Miller Vice President | Officer | 5 | $0 |
Wendy Powers Treasurer | Officer | 5 | $0 |
Judith Smutek Secretary | Officer | 5 | $0 |
Jamie Allen Board Member | Trustee | 3 | $0 |
David Benefiel Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,134 |
| Investment income | $5,510 |
| 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 | $302,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,198 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,031 |
| Payroll taxes | $4,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,365 |
| Fees for services: Accounting | $888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,305 |
| Advertising and promotion | $0 |
| Office expenses | $4,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,322 |
| All other expenses | $0 |
| Total functional expenses | $203,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $872 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $331,131 |
| Total assets | $392,218 |
| Accounts payable and accrued expenses | $946 |
| Grants payable | $0 |
| Deferred revenue | $17,483 |
| 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 | $18,429 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $373,789 |