Seagle Music Colony Inc
- Assets
- $3.5m
- Revenue
- $941.7k
- Investments
- $42.3k
- Employees
- 30
- Location
- Schroon Lake, NY
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 14-6030188
Organization Overview
Seagle Music Colony Inc is located in Schroon Lake, NY. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Seagle Music Colony Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seagle Music Colony 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 12/2021, Seagle Music Colony Inc generated $941.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $845.2k during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
EDUCATION OF GIFTED VOICE STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON-SITE HOUSING, EDUCATION AND PERFORMANCE OPPORTUNITIES FOR GIFTED VOICE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren K Woods Director Of Development, Artistic Director | 40 | $103,305 | |
Cappabianca Frank Vice President | OfficerTrustee | 2 | $0 |
Judy Klitgaard Vp, Development | Officer | 2 | $0 |
Moore Ed Vp. Corporate Development | Officer | 1 | $0 |
Bader Seth President | Officer | 2 | $0 |
Allison James Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,070 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $616,561 |
| Noncash contributions included in lines 1a–1f | $7,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,631 |
| Total Program Service Revenue | $102,406 |
| Investment income | $49,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,730 |
| Net Income from Fundraising Events | -$2,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $420 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $941,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $381,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,342 |
| Payroll taxes | $36,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,866 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,320 |
| Information technology | $792 |
| Royalties | $0 |
| Occupancy | $114,320 |
| Travel | $10,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,990 |
| Insurance | $46,797 |
| All other expenses | $5,455 |
| Total functional expenses | $845,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,136 |
| Savings and temporary cash investments | $241,494 |
| Pledges and grants receivable | $133,488 |
| Accounts receivable, net | $12,423 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,006 |
| Prepaid expenses and deferred charges | $19,725 |
| Net Land, buildings, and equipment | $1,635,421 |
| Investments—publicly traded securities | $1,253,255 |
| Investments—other securities | $42,308 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,474,256 |
| Accounts payable and accrued expenses | $786 |
| Grants payable | $0 |
| Deferred revenue | $3,522 |
| 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 | $271,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,785 |
| Total liabilities | $284,236 |
| Net assets without donor restrictions | $2,534,140 |
| Net assets with donor restrictions | $655,880 |
| 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 | $3,474,256 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seagle Music Colony Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Himoff Family Charitable Foundation Inc Brant Lake, NY PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |