Maverick Concerts Inc
- Assets
- $2.4m
- Revenue
- $503.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodstock, NY
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 14-6038825
Organization Overview
Maverick Concerts Inc is located in Woodstock, NY. The organization was established in 1967. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Maverick Concerts Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maverick Concerts 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, Maverick Concerts Inc generated $503.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $184.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 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
PRESENTATION OF CLASSICAL AND CONTEMPORARY CHAMBER MUSIC, JAZZ AND WORLD MUSIC AND PRESERVATION OF THE HISTORIC MAVERICK CONCERT HALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CONCERTS PERFORMED IN THE HISTORIC CONCERT HALL, WITH CONCERT NORMAL ATTENDANCE OF 5000-6000 ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion K Potter Executive Director | 45 | $11,339 | |
Luann Bielawa Festival Manager | 20 | $5,956 | |
Vivienne Hodges Treasurer | OfficerTrustee | 6 | $0 |
Stephen Mcgrath Chair | OfficerTrustee | 10 | $0 |
David Gubits Vice Chair | OfficerTrustee | 4 | $0 |
Oscar Buitrago Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,871 |
| Total Program Service Revenue | $64,395 |
| Investment income | $17,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $503,326 |
| 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. | $11,339 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,063 |
| Payroll taxes | $1,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,631 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $866 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115 |
| Interest | $554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,191 |
| Total functional expenses | $184,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,512 |
| Savings and temporary cash investments | $312,299 |
| 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 | $2,163 |
| Net Land, buildings, and equipment | $1,519,050 |
| Investments—publicly traded securities | $498,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,974 |
| Total assets | $2,424,177 |
| Accounts payable and accrued expenses | $9,324 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $11,974 |
| Total liabilities | $51,298 |
| Net assets without donor restrictions | $664,355 |
| Net assets with donor restrictions | $1,708,524 |
| 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 | $2,424,177 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Maverick Concerts Inc has recieved totaling $102,255.
| Awarding Organization | Amount |
|---|---|
The Thompson Family Foundation Inc New York, NY PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $30,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $30,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $15,000 |
Villchur Foundation Woodstock, NY PURPOSE: OPERATING PURPOSES | $13,000 |
Enoch Foundation Charitable Tr 100892 Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
David & Sylvia Teitelbaum Fund Inc Bearsville, NY PURPOSE: SUPPORT OF THE MUSICAL ARTS | $2,000 |
Endowment Analysis
| Beg. Balance | $177,500 |
| Ending Balance | $177,500 |
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 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |