Monaca Cornet Band Inc
- Assets
- $132.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monaca, PA
- Founding
- 04/1942
- Data as of
- 12/2021
- EIN
- 25-0671770
Organization Overview
Monaca Cornet Band Inc is located in Monaca, PA. The organization was established in 1942. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Monaca Cornet Band Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Monaca Cornet Band Inc generated $84.4k 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 (3.2%) each year. All expenses for the organization totaled $80.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Yothers President | 20 | $0 | |
Thomas Youtes Financial Secretary | 20 | $0 | |
Duane Ruckert Trustee | 10 | $0 | |
David Messmer Trustee | 5 | $0 | |
Gary Grime Trustee | 5 | $0 | |
Eddie Milligan Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,730 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $42,559 |
| Other Revenue | $2,793 |
| Total Revenue | $84,380 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,416 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $17,375 |
| Printing, publications, postage, and shipping | $180 |
| Other expenses | $29,914 |
| Total expenses | $80,885 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,273 |
| Other assets | $0 |
| Total assets | $131,973 |
| Total liabilities | $0 |
| Net assets or fund balances | $131,973 |
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