Notes For Notes Incorporated
- Assets
- $3.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Nashville, TN
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 20-4875556
Organization Overview
Notes For Notes Incorporated is located in Nashville, TN. The organization was established in 2008. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Notes For Notes Incorporated employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Notes For Notes 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 12/2022, Notes For Notes Incorporated generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 10.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 ALL N4N STUDIOS RETURN TO FULLY OPERATIONAL STATUS AND WE OPENED OUR FIRST NEW STUDIO IN TWO YEARS WHICH IS ALSO OUR FIRST STUDIO INSIDE A PUBLIC SCHOOL LOCATED IN MILWAUKEE. ONE OF OUR NASHVILLE ALUMNI, GAYLE HAD A #1 SONG AND WAS NOMINATED FOR A GRAMMY FOR SONG OF THE YEAR. N4N STUDIOS SERVED 9,968 UNIQUE YOUTH ACROSS 33,180 SESSIONS ACROSS 30,000 HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Gilley Ceo/director | OfficerTrustee | 40 | $84,706 |
Ian Smith Director | Trustee | 1 | $0 |
Natalie Noone Pressly Director | Trustee | 1 | $0 |
Jeff Cuellar Director | Trustee | 1 | $0 |
Duncan Dashiff Director | Trustee | 1 | $0 |
Amilcar Welton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $478,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,306,470 |
| Noncash contributions included in lines 1a–1f | $15,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,784,743 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$16,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,771,612 |
| 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. | $84,706 |
| Compensation of current officers, directors, key employees. | $3,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,683,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,382 |
| Advertising and promotion | $563 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,830 |
| Insurance | $33,500 |
| All other expenses | $3,317 |
| Total functional expenses | $2,013,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,013,758 |
| Accounts receivable, net | $314,345 |
| 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 | $0 |
| Net Land, buildings, and equipment | $163,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,872 |
| Total assets | $3,023,685 |
| Accounts payable and accrued expenses | $71,784 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $71,784 |
| Net assets without donor restrictions | $938,143 |
| Net assets with donor restrictions | $2,013,758 |
| 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 | $3,023,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Notes For Notes Incorporated Nashville, TN | $3,023,685 | $1,771,612 |
Jackson Madison County Bicentennial Commission Jackson, TN | $592,672 | $403,100 |
Foundation For Arts And Cultural Connections Inc Birmingham, AL | $146,443 | $323,137 |
Jefferson County Festival Charities Dandridge, TN | $52,597 | $219,131 |
Morgan County Sorghum Festival Inc West Liberty, KY | $14,850 | $0 |
Carolina Designer Craftsmen Inc Wilmington, NC | $7,819 | $0 |
Inspire Kc Inc Kansas City, MO | $65,536 | $0 |
First Night Harrisonburg Inc Harrisonburg, VA | $0 | $0 |
Carolina Strawberry Festival Inc Wallace, NC | $84,534 | $0 |
Missouri Bbq Society Inc Jefferson City, MO | $21,739 | $0 |
Mule Fest Inc Columbia, TN | $9,094 | $0 |
Poke Sallet Foundation Gainesboro, TN | $3,210 | $0 |
Peachtree Corners Festival Inc Peachtree Corners, GA | $26,694 | $0 |