Three Strand Cord Incorporated
- Assets
- $180.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 10/2006
- Data as of
- 03/2022
- EIN
- 20-2736597
Organization Overview
Three Strand Cord Incorporated is located in Tampa, FL. The organization was established in 2006. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Three Strand Cord Incorporated 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 03/2022, Three Strand Cord Incorporated generated $125.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $113.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 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 |
|---|---|---|---|
Elizabeth Huston Executive Director | 5 | $13,000 | |
M Brent Wertz Director, Chairman | 1 | $0 | |
M Margaret Wertz Director | 1 | $0 | |
Terry Fee Director | 1 | $0 | |
Mike Delong Director | 1 | $0 | |
Nancy Perry Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,618 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $257 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,875 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,762 |
| Professional fees and other payments to independent contractors | $4,981 |
| Occupancy, rent, utilities, and maintenance | $200 |
| Printing, publications, postage, and shipping | $5,010 |
| Other expenses | $7,711 |
| Total expenses | $113,459 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,143 |
| Other assets | $0 |
| Total assets | $180,891 |
| Total liabilities | $2,243 |
| Net assets or fund balances | $178,648 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Three Strand Cord Incorporated has recieved totaling $30,021.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $29,500 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: MATCHING GIFTS GRANT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |