Market Square Concerts
- Assets
- $457.9k
- Revenue
- $307.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Harrisburg, PA
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 22-2570747
Organization Overview
Market Square Concerts is located in Harrisburg, PA. The organization was established in 1985. 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 06/2024, Market Square Concerts employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Market Square Concerts 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 06/2022, Market Square Concerts generated $307.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $223.2k during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARKET SQUARE CONCERTS IS DEDICATED TO THE PRESENTATION OF A WIDE REPERTOIRE OF CHAMBER MUSIC PERFORMED BY DISTINGUISHED PROFESSIONAL ARTISTS, BOTH ESTABLISHED AND EMERGING. OUR MISSION ALSO INCLUDES THE EDUCATION AND ENGAGEMENT OF THE GENERAL PUBLIC IN THE CHAMBER MUSIC ART FORM, AS WELL AS COLLABORATION WITH OTHER ARTS ORGANIZATIONS AND COMMUNITY PARTNERSHIPS. WITH REGULAR SEASON CONCERTS, MARKET SQUARE CONCERTS PRESENTS PREMIERES OF NEW COMPOSED MUSIC, AS WELL AS THE MONUMENTAL WORKS FROM THE MOST REVERED COMPOSERS FROM THE PAST AND PRESENT.
Describe the Organization's Program Activity:
PROVIDE AN AVERAGE OF SEVEN TO TEN CONCERTS, AS WELL AS TEN TO TWENTY EDUCATIONAL OUTREACH PRESENTATIONS, PER YEAR TO HELP PROMOTE THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF CHAMBER MUSIC AS AN ART FORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas V Arnoldi Trustee | Trustee | 1 | $0 |
Truman Bullard Vice President | OfficerTrustee | 1 | $0 |
James Cowden Trustee | Trustee | 1 | $0 |
Raymond Harris Trustee | Trustee | 1 | $0 |
Kevin Laudenslager President | OfficerTrustee | 1.5 | $0 |
Karen Lehman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,056 |
| Investment income | $2,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $534 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,041 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $71,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,208 |
| Payroll taxes | $5,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,480 |
| Advertising and promotion | $14,860 |
| Office expenses | $13,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,355 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267 |
| Insurance | $1,665 |
| All other expenses | $0 |
| Total functional expenses | $223,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,576 |
| Savings and temporary cash investments | $95,052 |
| Pledges and grants receivable | $7,500 |
| 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 | $2,451 |
| Investments—publicly traded securities | $239,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,654 |
| Total assets | $457,877 |
| Accounts payable and accrued expenses | $2,329 |
| Grants payable | $0 |
| Deferred revenue | $3,400 |
| 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 | $5,729 |
| Net assets without donor restrictions | $393,634 |
| Net assets with donor restrictions | $58,514 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $452,148 |