Khs Friends Of Music Inc
- Assets
- $58.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 26-0890327
Organization Overview
Khs Friends Of Music Inc is located in Kennett Square, PA. The organization was established in 2009. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Khs Friends Of Music 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 06/2022, Khs Friends Of Music Inc generated $54.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $36.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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 |
|---|---|---|---|
Kathy Salameda President | 5 | $0 | |
Amanda Wardwell Secretary | 5 | $0 | |
Amy Haskins Treasurer | 5 | $0 | |
Lisa Braun Vice President | 5 | $0 | |
Jody Huber Member At Large | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,503 |
| Total Program Service Revenue | $36,912 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,778 |
| Other Revenue | $0 |
| Total Revenue | $54,195 |
| 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 | $250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,567 |
| Total expenses | $36,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,954 |
| Other assets | $0 |
| Total assets | $57,954 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,954 |
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