Lakeshore Music Inc
- Assets
- $11.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 27-0802662
Organization Overview
Lakeshore Music Inc is located in Tempe, AZ. The organization was established in 2012. 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. Lakeshore 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 12/2021, Lakeshore Music Inc generated $119.7k 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 (7.4%) each year. All expenses for the organization totaled $97.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 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 Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE EDUCATION AND CHARITABLE PURPOSES OF JAZZ MUSIC. THE CORPORATION IS DESIGNED TO PRESENT, PRESERVE AND CELEBRATE THE GREAT AMERICAN ART FORM KNOWN AS "JAZZ".
Describe the Organization's Program Activity:
Part 3
NINE JAZZ ARTIST PERFORMANCES FOR JAZZ EDUCATION
JAZZ CULTURAL AND EDUCATIONAL EXCHANGE TRIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Wilson President | 20 | $35,000 | |
Scott Wilson Director | 0 | $0 | |
Carol Lockhart Director | 0 | $0 | |
Mike Rooney Director | 0 | $0 | |
Todd W Skinner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,000 |
| Total Program Service Revenue | $27,734 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,734 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,000 |
| Professional fees and other payments to independent contractors | $36,695 |
| Occupancy, rent, utilities, and maintenance | $6,585 |
| Printing, publications, postage, and shipping | $822 |
| Other expenses | $18,704 |
| Total expenses | $97,806 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,595 |
| Other assets | $0 |
| Total assets | $11,595 |
| Total liabilities | $7,072 |
| Net assets or fund balances | $4,523 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakeshore Music Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Jazzbird Foundation Carefree, AZ PURPOSE: CHARITABLE | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Aspen-Snowmass Aspen, CO | $5,325,438 | $11,239,996 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Colorado Music Festival Boulder, CO | $2,219,616 | $3,012,496 |
Amp The Cause Denver, CO | $134,793 | $2,222,228 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Strings Music Festival Steamboat Springs, CO | $9,630,765 | $2,301,723 |
Swallow Hill Music Association Denver, CO | $6,215,784 | $6,402,960 |
Youth On Record Denver, CO | $1,879,684 | $1,486,408 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |