Wolfeboro Friends Of Music
- Assets
- $376.0k
- Revenue
- $228.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wolfeboro, NH
- Founding
- 07/1991
- Data as of
- 06/2021
- 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 06/2021, Wolfeboro Friends Of Music generated $228.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $18.7k during the year ending 06/2021. 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
2021
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 - Line 4a
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 |
|---|---|---|---|
Jeff Smith Board Member And Vice-President Development | OfficerTrustee | 5 | $200 |
Carl Crosley President And Board Chair | OfficerTrustee | 15 | $0 |
Shirley Richardson Board Member And Vice-President Programming | OfficerTrustee | 5 | $0 |
Elizabeth Mccrae Board Member And Vice-President Artist Liaison | OfficerTrustee | 5 | $0 |
Gregory Jonas Board Member And Treasurer | OfficerTrustee | 5 | $0 |
Lynne Slocum Board Member And Board Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,429 |
| Investment income | $3,298 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,950 |
| 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 | $0 |
| 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 | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25 |
| Fees for services: Other | $4,875 |
| Advertising and promotion | $1,812 |
| Office expenses | $1,062 |
| Information technology | $2,856 |
| Royalties | $179 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $640 |
| All other expenses | $0 |
| Total functional expenses | $18,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $221,235 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $154,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $375,962 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $375,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wolfeboro Friends Of Music has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
Record Company Inc Boston, MA | $3,786,300 | $2,710,315 |
Boston Early Music Festival Inc Cambridge, MA | $855,295 | $1,852,556 |
Boston Shipping Association Central Records Bureau Inc Charlestown, MA | $498,430 | $1,530,851 |
Yellow Barn Inc Putney, VT | $924,460 | $1,273,832 |
Portsmouth Music And Arts Center Inc Portsmouth, NH | $1,568,792 | $1,079,924 |
Boston Baroque Inc Boston, MA | $283,226 | $1,317,456 |
Manchester Community Music School Manchester, NH | $1,328,158 | $1,138,182 |
A Far Cry Inc Jamaica Plain, MA | $678,903 | $804,283 |