Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer
- Assets
- $293.3k
- Revenue
- $211.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Coppell, TX
- Founding
- 05/1946
- Data as of
- 12/2022
- EIN
- 23-7296805
Organization Overview
Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer is located in Coppell, TX. The organization was established in 1946. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer 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 12/2022, Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer generated $211.4k 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 (19.9%) each year. All expenses for the organization totaled $453.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PERPETUATE AND PROMOTE THE ART FORM OF ACAPELLA AND BARBERSHOP SINGING. CURRENT MEMBERSHIP IS APPROXIMATELY 150 SINGERS, MANAGED BY AN ALL-VOLUNTEER BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC PURCHASES, LICENSING, ARRANGING, INSTRUCTION, DIRECTION, MARKETING, TRAVEL AND ADMINISTRATION EXPENSES INCURRED IN SUPPORT OF PUBLIC PERFORMANCES
EXPENSES TO PLAN, MARKET, PRODUCE, AND PERFORM LIVE SHOWS. MORE THAN 10,000 PEOPLE ATTENDED THESE PERFORMANCES OF OUR MUSIC.
CASH CONTRIBUTIONS TO CHARITABLE AND NONPROFIT ORGANIZATIONS AND EXPENSES TO PROVIDE MUSIC EDUCATION AND TRAINING FOR MEMBERS AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Strunk Director | OfficerTrustee | 2.5 | $0 |
Mike Thompson Secretary | OfficerTrustee | 5 | $0 |
Warren Nagumo Treasurer | OfficerTrustee | 5 | $0 |
Pete Moxley Director | OfficerTrustee | 5 | $0 |
Bret Morris President | OfficerTrustee | 5 | $0 |
Nick Alexander Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,001 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,481 |
| Total Program Service Revenue | $47,732 |
| Investment income | $3,455 |
| 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 | $211,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,325 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $27,550 |
| 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 | $39,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,320 |
| Office expenses | $14,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,350 |
| Travel | $2,234 |
| 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 | $7,910 |
| All other expenses | $12,857 |
| Total functional expenses | $453,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,371 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $217,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,319 |
| Accounts payable and accrued expenses | $3,347 |
| 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 | $3,347 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $289,972 |
| 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 | $293,319 |