Society Of Composers Inc
- Assets
- $62.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mineral Wells, TX
- Founding
- 11/1965
- Data as of
- 12/2019
- EIN
- 13-6201928
Organization Overview
Society Of Composers Inc is located in Mineral Wells, TX. The organization was established in 1965. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Composers 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 12/2019, Society Of Composers Inc generated $63.0k 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 (6.3%) each year. All expenses for the organization totaled $57.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Phillips President | 5 | $0 | |
Carter John Rice Chair Of The Executive Committee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $58,676 |
| Investment income | $599 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,944 |
| Total Revenue | $63,035 |
| 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 | $24,000 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $70 |
| Other expenses | $27,354 |
| Total expenses | $57,424 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,632 |
| Other assets | $0 |
| Total assets | $61,966 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,966 |
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