Wolfeboro Friends Of Music
- Assets
- $381.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wolfeboro, NH
- Founding
- 07/1991
- Data as of
- 06/2024
- EIN
- 22-2791238
Organization Overview
Wolfeboro Friends Of Music is located in Wolfeboro, NH. The organization was established in 1991. 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. Wolfeboro Friends Of Music 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 06/2024, Wolfeboro Friends Of Music generated $70.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $116.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE SPONSOR CONCERTS FOR THE COMMUNITY WITH A MIX OF CLASSICAL AND POPULAR MUSIC GENRES. WE ALSO EDUCATE STUDENTS AND PROMOTE MUSIC IN LOCAL SCHOOLS.
Describe the Organization's Program Activity:
Part 3
CONCERTS: DUE TO THE GLOBAL PANDEMIC, WE WERE UNABLE TO PROVIDE IN-PERSON CONCERTS TO THE PUBLIC. HOWEVER, WE PRESENTED 6 VIRTUAL CONCERTS, REPRESENTING A MIX OF CLASSICAL AND POPULAR MUSIC GENRES, THAT WERE CUSTOMIZED FOR OUR LOCAL AUDIENCE. IN ADDITION, WE REFERRED MEMBERS OF OUR COMMUNITY TO VIRTUAL CONCERTS WITH NON-CUSTOMIZED CONTENT. BECAUSE OF STRESSES OF THE GLOBAL PANDEMIC, WE DECIDED TO OFFER VIRTUAL CONCERTS FREE OF CHARGE. WE ALSO DECIDED NOT TO SEEK ADVERTISING OF SPONSORSHIP REVENUE FROM LOCAL BUSINESSES, WHICH WERE ALSO UNDER STRESS. WE WERE UNABLE TO TRACK THE NUMBER OF PEOPLE WHO VIEWED OUR VIRTUAL CONCERTS EITHER AT THE TIME ORIGINALLY OFFERED OR SUBSEQUENTLY. WE PLAN TO RETURN TO PROVIDING IN-PERSON CONCERTS TO THE PUBLIC WHEN IT IS SAFE TO DO SO AND WHEN CONCERT VENUES BECOME AVAILABLE TO US.
EDUCATION: THE GLOBAL PANDEMIC FORCED US TO CURTAIL THE MAJORITY OF OUR EDUCATION-RELATED ACTIVITIES. HOWEVER, WE WERE ABLE TO ASSIST STUDENTS BY PAYING FOR MUSIC LESSONS FOR 2 STUDENTS, AWARDING MONEY TO 2 HIGH-SCHOOL SENIORS FOR ACHIEVEMENT IN MUSIC PROGRAMS AND PAYING PART OF TUITION FOR 1 STUDENT TO ATTEND MUSIC SCHOOL. IN EACH CASE, LOCAL SCHOOLS SCHOOLS NOMINATED STUDENTS FOR OUR CONSIDERATION, TWO BOARD MEMBERS RECOMMENDED STUDENTS AND AWARDS, AND THE BOARD OF DIRECTORS APPROVED THE RECOMMENDATION. NO STUDENTS WERE RELATED TO BOARD MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Crosley Board Chair And President | 8 | $0 | |
Deborah Gibson Board Member And Board Secretary | 2 | $0 | |
Gregory Jonas Board Member And Treasurer | 4 | $0 | |
Kelly Barbarisi Board Member | 2 | $0 | |
Claudia Bissett Board Member | 2 | $0 | |
Lauren Hammond Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,894 |
| Total Program Service Revenue | $31,718 |
| Membership dues | $0 |
| Investment income | $16,271 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $300 |
| Total Revenue | $70,183 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $86,936 |
| Occupancy, rent, utilities, and maintenance | $4,605 |
| Printing, publications, postage, and shipping | $17,521 |
| Other expenses | $4,543 |
| Total expenses | $116,014 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $381,019 |
| Other assets | $0 |
| Total assets | $381,019 |
| Total liabilities | $0 |
| Net assets or fund balances | $381,019 |