Roots Of Music Inc
- Assets
- $592.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- New Orleans, LA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-1160255
Organization Overview
Roots Of Music Inc is located in New Orleans, LA. The organization was established in 2009. 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 12/2022, Roots Of Music Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roots 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 12/2022, Roots Of Music Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ROOTS OF MUSICS MISSION IS TO TEACH, SUPPORT, AND EMPOWER NEW ORLEANS YOUTH THROUGH MUSIC EDUCATION,ACADEMIC SUPPORT, AND MENTORSHIP WHILE PRESERVING AND PROMOTING NEW ORLEANS UNIQUE MUSICAL AND CULTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM PROVIDES FREE MUSIC EDUCATION AND ENSEMBLE PERFORMANCE IN A YEAR ROUND AFTER SCHOOL AND SATURDAY PROGRAM. STUDENTS ARRIVE AT THE PROGRAM AND GO DIRECTLY TO ACADEMIC ENRICHMENT ACTIVITIES FOR THE FIRST HALF OF THE PROGRAM. THE CHILDREN THEN BREAK UP INTO THEIR MUSICAL SECTIONS WORKING HANDS ON WITH THEIR MUSIC INSTRUCTOR. THE ORGANIZATION PROVIDES THE STUDENTS WITH A FREE MEAL DAILY. FREE BUSES ARE PROVIDED BY THE PROGRAM TO COLLECT STUDENTS FROM THEIR SCHOOLS AND BRING THEM HOME AFTERWARDS. THE PROGRAM SERVES OVER 100 MIDDLE SCHOOL STUDENTS FROM OVER 40 SCHOOLS ACROSS ORLEANS PARISH. ADDITIONALLY, THE A SATELLITE PROGRAM CALLED THE ROOTS STUDIO ACADEMY OPERATES IN AN INDEPENDENT FACILITY AND SERVES APPROXIMATELY 12 HIGH SCHOOL STUDENTS TWO DAYS PER WEEK. FURTHER, THE PROGRAM COMPRISES A FULL TRADITIONAL NEW ORLEANS MARCHING BAND THAT HAS PARADED THE CITY SINCE 2009. THE PROGRAM OPERATES FOR ON AVERAGE 200 DAYS PER CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Tabb Executive Director | OfficerTrustee | 40 | $62,458 |
Suzanne Raether Former Executive Director | 40 | $12,500 | |
Patrick Bordnick Board Member | Trustee | 0 | $0 |
Katie Smith Board Member | Trustee | 0 | $0 |
Carmelittia Agee Board Member | Trustee | 0 | $0 |
Will Snowden Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $153,441 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $947,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,351 |
| Total Program Service Revenue | $46,295 |
| Investment income | $143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$48,039 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,099,750 |
| 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. | $62,457 |
| Compensation of current officers, directors, key employees. | $15,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,090 |
| Payroll taxes | $37,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,553 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,364 |
| Advertising and promotion | $0 |
| Office expenses | $8,502 |
| Information technology | $3,603 |
| Royalties | $0 |
| Occupancy | $57,900 |
| Travel | $19,007 |
| 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 | $11,778 |
| All other expenses | $15,093 |
| Total functional expenses | $1,106,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,288 |
| 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 | $8,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,406 |
| Net Land, buildings, and equipment | $17,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,801 |
| Accounts payable and accrued expenses | $3,150 |
| 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 | $3,150 |
| Net assets without donor restrictions | $374,362 |
| Net assets with donor restrictions | $215,289 |
| 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 | $592,801 |