Backbeat Foundation Inc
- Assets
- $67.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-4703474
Organization Overview
Backbeat Foundation Inc is located in New Orleans, LA. 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. Backbeat Foundation 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, Backbeat Foundation Inc generated $81.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $18.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DUE TO THE COVID-19 PANDEMIC WE WERE UNABLE TO DELIVER OUR PROGRAMS DURING THE 2021 CALENDAR YEAR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,007 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,007 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,000 |
| Professional fees and other payments to independent contractors | $5,500 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $422 |
| Total expenses | $18,322 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,163 |
| Other assets | $0 |
| Total assets | $67,163 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,163 |
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