American Harp Society Inc
- Assets
- $906.7k
- Revenue
- $237.5k
- Investments
- $506.6k
- Employees
- 1
- Location
- Bellingham, MA
- Founding
- 04/1977
- Data as of
- 06/2021
- EIN
- 13-6131860
Organization Overview
American Harp Society Inc is located in Bellingham, MA. The organization was established in 1977. 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 a parent organization of an affiliated group for tax-exemption purposes. American Harp 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 06/2021, American Harp Society Inc generated $237.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $233.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF APPRECIATION OF THE HARP AS A MUSICAL INSTRUMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF THE HARP AS A MUSICAL INSTRUMENT THROUGH PUBLICATION OF THE AMERICAN HARP JOURNAL, AS WELL AS AMERICAN HARP SOCIETY'S WEBSITE AND OTHER COMMUNICATIONS
SPONSORSHIP OF HARP COMPETITIONS AND EDUCATIONAL OPPORTUNITIES AT VARIOUS LEVELS, AND PRESENTATION OF NATIONAL CONFERENCES AND SUMMER INSTITUTES
ARRANGE FOR CONCERT ARTISTS TO APPEAR AT VARIOUS NATIONAL AND CHAPTER FUNCTIONS
ACTIVITIES AND RESOURCES TO SUPPORT AND BENEFIT MEMBERS, INCLUDING CHAPTER MEMBERSHIP, ACCESS TO INSTRUMENT INSURANCE DISCOUNTS, MEMBERSHIP AND TEACHER DIRECTORIES, ONLINE PROFESSIONAL RESOURCES, AND ELIGIBILITY TO APPLY FOR GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Aspnes President | Officer | 15 | $0 |
Mary Ann Flinn Secretary, Regional Director | Officer | 5 | $0 |
Lillian Lau 1st Vice President | Officer | 5 | $0 |
Kela Walton Chairman Of The Board | Officer | 10 | $0 |
Angela Schwarzkopf 2nd Vice President | Officer | 5 | $0 |
Elaine Litster Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,083 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,573 |
| Total Program Service Revenue | $25,419 |
| Investment income | $14,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,200 |
| 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 | $87,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $15,372 |
| Advertising and promotion | $0 |
| Office expenses | $1,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,966 |
| All other expenses | $11,071 |
| Total functional expenses | $233,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,419 |
| Savings and temporary cash investments | $362,717 |
| 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 | $506,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $906,700 |
| Accounts payable and accrued expenses | $701 |
| 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 | $701 |
| Net assets without donor restrictions | $725,903 |
| Net assets with donor restrictions | $180,096 |
| 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 | $906,700 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Harp Society Inc has recieved totaling $107,636.
| Awarding Organization | Amount |
|---|---|
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $50,000 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $50,000 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: ANNUAL SUPPORT | $7,636 |
Endowment Analysis
| Beg. Balance | $294,227 |
| Net Contributions | $7,665 |
| Ending Balance | $301,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |