Summer Music Associates
- Assets
- $229.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New London, NH
- Founding
- 05/1975
- Data as of
- 12/2022
- EIN
- 23-7423016
Organization Overview
Summer Music Associates is located in New London, NH. The organization was established in 1975. 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. Summer Music Associates 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, Summer Music Associates generated $67.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $64.1k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Tripp President | 20 | $0 | |
Nancy Macdonald Vice President | 10 | $0 | |
Sharon Palmer Secretary | 8 | $0 | |
Isa Rex Vice President Treasurer | 20 | $0 | |
Don Boxwell Publicity | 5 | $0 | |
Tom Brewer Programs | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,860 |
| Total Program Service Revenue | $32,668 |
| Membership dues | $0 |
| Investment income | $4,806 |
| Gain or Loss | $12,272 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,606 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $40,953 |
| Occupancy, rent, utilities, and maintenance | $5,647 |
| Printing, publications, postage, and shipping | $14,698 |
| Other expenses | $2,789 |
| Total expenses | $64,087 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $229,662 |
| Other assets | $0 |
| Total assets | $229,662 |
| Total liabilities | $0 |
| Net assets or fund balances | $229,662 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Summer Music Associates has recieved totaling $424.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
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 |