Rgv Genesis Drum And Bugle Corps Inc
- Assets
- $197.9k
- Revenue
- $425.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2010
- Data as of
- 12/2020
- EIN
- 27-1215254
Organization Overview
Rgv Genesis Drum And Bugle Corps Inc, operating under the name Genesis Drum and Bugle Corps, is located in Austin, TX. The organization was established in 2010. 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. Genesis Drum and Bugle Corps 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 12/2020, Genesis Drum and Bugle Corps generated $425.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $272.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 4 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GENESIS STRIVES TO PROVIDE WORLD CLASS EDUCATION THROUGH PERFORMANCE IN THE AREAS OF PERCUSSION BRASS DANCE AND VISUAL ENSEMBLE ARTISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AN EXPERIENCE FOR YOUNG ADULTS AGES 16-21 INCLUDING MUSIC MOVEMENT AND PHYSICAL EDUCATION; FROM NOV-JUN THE PROGRAM PERFORMS AND REHEARSES AT SEVERAL COMMUNITY AND NATIONAL EVENTS SUCH AS CONCERTS AND PARADES; FROM JUN-AUG THE PROGRAM PARTICIPATES IN A 70-DAY NATIONAL TOUR WITH 150 STUDENTS AND UP TO 50 EDUCATORS AND VOLUNTEERS; IN THE YEAR 2020 OUR OPERATIONS BECAME VIRTUAL AND GRADUALLY OUR GROUP WAS ABLE TO MEET IN-PERSON AT THE END OF THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Magonigal CEO | Trustee | 60 | $0 |
Analisa Zuniga Financial Director | Officer | 10 | $0 |
Daniel Sanchez Board President | Officer | 20 | $0 |
Blake Adams Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,727 |
| Total Program Service Revenue | $342,131 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,510 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,193 |
| Office expenses | $39,565 |
| Information technology | $4,578 |
| Royalties | $0 |
| Occupancy | $19,265 |
| Travel | $11,563 |
| 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 | $3,967 |
| All other expenses | $0 |
| Total functional expenses | $272,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,813 |
| Savings and temporary cash investments | $24,396 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $155,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,909 |
| Accounts payable and accrued expenses | $179,400 |
| 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 | $179,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $18,509 |
| Total liabilities and net assets/fund balances | $197,909 |