Marcella Sembrich Memorial Association Inc
- Assets
- $4.0m
- Revenue
- $336.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Bolton Landing, NY
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 14-1468258
Organization Overview
Marcella Sembrich Memorial Association Inc is located in Bolton Landing, NY. The organization was established in 1964. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Marcella Sembrich Memorial Association 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 12/2022, Marcella Sembrich Memorial Association Inc generated $336.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $559.5k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MAINTAINS AND OPERATES THE MARCELLA SEMBRICH OPERA MUSEUM AS AN EDUCATIONAL AND HISTORICAL FACILITY RELATING TO THE HISTORY OF CLASSICAL MUSIC, PARTICULARLY OPERA. THE MUSEUM IS LOCATED IN THE ORIGINAL BUILDING BUILT AND OCCUPIED BY THE LATE DIVA MARCELLA SEMBRICH (1858-1935). THE MUSEUM IS TYPICALLY OPEN DAILY EVERY SUMMER FOR 3 MONTHS SINCE 1937. ATTENDANCE AVERAGES APPROXIMATELY 2,000 EACH YEAR. SEE WWW.THESEMBRICH.ORG.
THE ASSOCIATION SPONSORS VARIOUS CONCERTS AND EXHIBITIONS FOR EDUCATIONAL PURPOSES AS WELL AS TO PROMOTE THE APPRECIATION OF CLASSICAL MUSIC WITH AN EMPHASIS ON OPERA.
THE ASSOCIATION SPONSORS VARIOUS OUTREACH PROGRAMS AND EXHIBITIONS FOR EDUCATIONAL PURPOSES AS WELL AS TO PROMOTE THE APPRECIATION OF CLASSICAL MUSIC WITH AN EMPHASIS ON OPERA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Richards Vice President | 5 | $0 | |
Suzanna M Bernd Executive Dir. | 40 | $86,852 | |
Philip Kates Director | 5 | $0 | |
Lisa H Hall President | 5 | $0 | |
Judy Killeen Secretary | 5 | $0 | |
Elizabeth Spinelli Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195,870 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,878 |
| Capital Gain Net Income | $28,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,633 |
| Other Income | $62,674 |
| Total Revenue | $336,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,458 |
| Other employee salaries and wages | $174,652 |
| Pension plans, employee benefits | $29,549 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $19,998 |
| Occupancy | $25,868 |
| Travel, conferences, and meetings | $8,711 |
| Printing and publications | $0 |
| Other expenses | $163,982 |
| Total operating and administrative expenses | $551,774 |
| Contributions, gifts, grants paid | $7,730 |
| Total expenses and disbursements | $559,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,653 |
| Savings and temporary cash investments | $87,847 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $627,006 |
| Other assets | $0 |
| Total assets | $4,013,169 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $643 |
| Total liabilities | $643 |