Portsmouth Music And Arts Center Inc
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 57
- Location
- Portsmouth, NH
- Founding
- 01/2005
- Data as of
- 08/2023
- EIN
- 22-3883953
Organization Overview
Portsmouth Music And Arts Center Inc is located in Portsmouth, NH. The organization was established in 2005. 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 08/2023, Portsmouth Music And Arts Center Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portsmouth Music And Arts Center 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 08/2023, Portsmouth Music And Arts Center Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD COMMUNITY THROUGH THE ARTS BY PROVIDING ALL PEOPLE WITH THE OPPORTUNITY TO ACHIEVE THEIR FULL CREATIVE POTENTIAL, REGARDLESS OF THEIR AGE, ABILITY OR ECONOMIC STATUS. WE ACCOMPLISH THIS THROUGH HIGH QUALITY MUSIC AND VISUAL ARTS EDUCATION PROGRAMS AND BY CREATING ENSEMBLE, PERFORMANCE AND EXHIBITON OPPORTUNITIES FOR STUDENTS, PROFESSIONALS, AND AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES INDIVIDUAL INSTRUCTION IN A WIDE VARIETY OF MUSICAL INSTRUMENTS AND VOICE FOR COMMUNITY MEMBERS OF ALL AGES, INCLUDING ADULTS. THE CENTER ALSO OFFERS A WIDE VARIETY OF ART CLASSES AS WELL AS INDIVIDUAL INSTRUCTION. CLASSES ARE IN A VARIETY OF MEDIUMS INCLUDING BUT NOT LIMITED TO DRAWING, PAINTING, PRINTMAKING, COLLAGE, SCULPTURE AND PHOTOGRAPHY.THE ORGANIZATION OFFERS SEVERAL EDUCATIONAL MUSIC ENSEMBLES TAUGHT BY PROFESSIONAL FACULTY. ENSEMBLES INCLUDE YOUTH ORCHESTRA, TEEN JAZZ BAND, YOUTH ROCK BANDS, AND MANY ADULT COMMUNITY ENSEMBLES INCLUDING FLUTE CHOIR, SAXOPHONE ENSEMBLE, BLUEGRASS ENSEMBLE, CONCERT BAND, JAZZ BAND, BIG BAND, BLUES BAND AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle O'neil Director | Trustee | 2 | $0 |
Cleo Villaflores Director | Trustee | 2 | $0 |
Nancy Pearson Director | Trustee | 2 | $0 |
Chase Hagaman Board Chair | Trustee | 8 | $0 |
Forrest Elliott Director | Trustee | 2 | $0 |
Stephanie Willette Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,153 |
| Total Program Service Revenue | $728,053 |
| Investment income | $252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $118,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,264,095 |
| 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. | $181,692 |
| Compensation of current officers, directors, key employees. | $56,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,207 |
| Payroll taxes | $59,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,162 |
| Advertising and promotion | $10,427 |
| Office expenses | $10,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,297 |
| Travel | $262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,875 |
| Interest | $22,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,415 |
| Insurance | $11,597 |
| All other expenses | $55,134 |
| Total functional expenses | $1,211,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,414 |
| Savings and temporary cash investments | $116 |
| Pledges and grants receivable | $45,500 |
| Accounts receivable, net | $153,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214 |
| Prepaid expenses and deferred charges | $11,667 |
| Net Land, buildings, and equipment | $1,122,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,514 |
| Total assets | $1,581,420 |
| Accounts payable and accrued expenses | $35,580 |
| Grants payable | $0 |
| Deferred revenue | $235,023 |
| 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 | $526,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,750 |
| Total liabilities | $848,425 |
| Net assets without donor restrictions | $661,005 |
| Net assets with donor restrictions | $71,990 |
| 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 | $1,581,420 |