Monadnock Music
- Assets
- $1.5m
- Revenue
- $189.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Peterborough, NH
- Founding
- 04/1969
- Data as of
- 09/2024
- EIN
- 23-7021734
Organization Overview
Monadnock Music is located in Peterborough, NH. The organization was established in 1969. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monadnock 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 09/2024, Monadnock Music generated $189.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $226.5k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MONADNOCK MUSIC MAKES EXCEPTIONAL MUSIC ACCESSIBLE TO ALL IN INTIMATE AND INFORMAL SETTINGS IN THE TOWN AND VILLAGES OF THE MONADNOCK REGION AND BEYOND. THROUGH A COMMITMENT TO VARIED AND IMAGINATIVE PERFORMANCES AND TEACHING, MONADNOCK KEEPS A SENSE OF MUSICAL DARING AND DISCOVERY ALIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTING REGIONAL CHAMBER MUSIC CONCERTS AND IN-SCHOOL LEND AN EAR! PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Venezia Board Chair | OfficerTrustee | 1 | $0 |
Elisabeth Small Director | Trustee | 1 | $0 |
Carl Marsh Director | Trustee | 1 | $0 |
David Sturm Director | Trustee | 1 | $0 |
Michael G Dell'orto Director | Trustee | 1 | $0 |
Liz Newcombe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,345 |
| Total Program Service Revenue | $50,028 |
| Investment income | $47,787 |
| 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 | $189,160 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,682 |
| Pension plan accruals and contributions | $2,000 |
| Other employee benefits | $7,837 |
| Payroll taxes | $9,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,946 |
| Office expenses | $4,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,092 |
| Travel | $1,171 |
| 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 | $150 |
| Insurance | $4,701 |
| All other expenses | $2,385 |
| Total functional expenses | $226,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,671 |
| Savings and temporary cash investments | $40,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $199 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $525 |
| Investments—publicly traded securities | $1,399,227 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,680 |
| Total assets | $1,503,178 |
| Accounts payable and accrued expenses | $14,104 |
| 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 | $14,104 |
| Net assets without donor restrictions | $89,847 |
| Net assets with donor restrictions | $1,399,227 |
| 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 | $1,503,178 |