National Flute Association Inc
- Assets
- $2.7m
- Revenue
- $795.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 06/1974
- Data as of
- 12/2021
- EIN
- 23-7306996
Organization Overview
National Flute Association Inc is located in Chicago, IL. The organization was established in 1974. 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 12/2021, National Flute Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Flute Association 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 12/2021, National Flute Association Inc generated $795.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $609.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL FLUTE ASSOCIATION IS KNOWN AS A PREMIER RESOURCE WORLDWIDE, VALUED BY ITS MEMBERS AND RELEVANT TO ALL INTERESTED IN MUSIC AND THE FLUTE.
Describe the Organization's Program Activity:
MEMBERSHIP SERVICES: NATIONAL FLUTE ASSOCIATION MEMBERS INCLUDE LEADING SOLOISTS, ORCHESTRAL PLAYERS, JAZZ, BEATBOX, AND WORLD MUSIC FLUTISTS, COLLEGE AND UNIVERSITY TEACHERS, ADULT AMATEURS, AND STUDENTS OF ALL AGES. MEMBERS OF THE NFA ENJOY COLLEGIALITY AND FRIENDSHIP THROUGHOUT THE YEAR WITH OPPORTUNITIES TO MEET OTHER PROFESSIONALS, STUDENTS, AMATEURS, TEACHERS, AND PERFORMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Johnson Vice President | OfficerTrustee | 4 | $0 |
Sydnee Stein Lalwani Treasurer | OfficerTrustee | 4 | $0 |
Penny Zent President | OfficerTrustee | 4 | $0 |
Charlene Romano Secretary | OfficerTrustee | 4 | $0 |
Jullee Kim Walker Assistant Secretary | OfficerTrustee | 4 | $0 |
Tadeu Coelho Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $256,223 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,740 |
| Noncash contributions included in lines 1a–1f | $12,125 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,872 |
| Total Program Service Revenue | $240,612 |
| Investment income | $52,480 |
| 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 | $794,964 |
| 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 | $233,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,956 |
| Payroll taxes | $20,117 |
| Fees for services: Management | $51,520 |
| Fees for services: Legal | $20,868 |
| Fees for services: Accounting | $11,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,313 |
| Office expenses | $3,027 |
| Information technology | $28,048 |
| Royalties | $0 |
| Occupancy | $12,560 |
| Travel | $1,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,346 |
| Insurance | $2,257 |
| All other expenses | $39,608 |
| Total functional expenses | $608,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,339 |
| Savings and temporary cash investments | $195,366 |
| Pledges and grants receivable | $7,292 |
| Accounts receivable, net | $13,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,456 |
| Prepaid expenses and deferred charges | $27,805 |
| Net Land, buildings, and equipment | $83,637 |
| Investments—publicly traded securities | $2,192,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,732,739 |
| Accounts payable and accrued expenses | $8,909 |
| Grants payable | $0 |
| Deferred revenue | $4,873 |
| 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 | $13,782 |
| Net assets without donor restrictions | $1,848,002 |
| Net assets with donor restrictions | $870,955 |
| 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 | $2,732,739 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Flute Association Inc has recieved totaling $893.
| Awarding Organization | Amount |
|---|---|
Patrick & Shirley Campbell Foundation Inc Pleasant Hill, CA PURPOSE: THE NATIONAL FLUTE ASSOCIATION (NFA) WAS FOUNDED IN 1972 AS A COMMON GROUND FOR FLUTISTS TO EXCHANGE IDEAS AND INSPIRATION AND HAS EXPANDED IN THE DECADES SINCE TO INCLUDE A QUARTERLY MAGAZINE, AN ANNUAL CONVENTION, AND A DYNAMIC ASSORTMENT OF SCHOLARSHIP PROGRAMS, COMMISSIONS, AND MEMBER-DRIVEN INITIATIVES. MORE THAN 3,000 PEOPLE FROM ALL 50 STATES AND MORE THAN 40 COUNTRIES ARE NFA MEMBERS, INCLUDING LEADING SOLOISTS, ORCHESTRAL PLAYERS, JAZZ AND WORLD MUSIC PERFORMERS, TEACHERS, ADULT AMATEURS, AND STUDENTS OF ALL AGES. WITH 27 COMMITTEES AND MORE THAN 400 VOLUNTEERS AND APPOINTEES, THE NFA FINDS ITS HEARTBEAT IN ITS MEMBERS, WHO KEEP THE GEARS TURNING AT FULL SPEED WITH THEIR PASSION AND LIMITLESS SUPPLY OF IDEAS. THE NFA VALUES AND CELEBRATES THE CONTRIBUTIONS OF ALL ITS STAKEHOLDERS AND IS COMMITTED TO GROWING AS A DIVERSE AND EQUITABLE ORGANIZATION. | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $393 |
Endowment Analysis
| Beg. Balance | $2,098,182 |
| Earnings | $297,783 |
| Net Contributions | $22,202 |
| Grants | $30,757 |
| Ending Balance | $2,387,410 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |