Free For All Concert Fund Inc
- Assets
- $8.3m
- Revenue
- $681.1k
- Investments
- $7.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-5457803
Organization Overview
Free For All Concert Fund Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Free For All Concert Fund 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, Free For All Concert Fund Inc generated $681.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $363.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A GRANT-MAKING PUBLIC CHARITY WHICH ENSURES THAT EVERYONE FROM THE BOSTON REGION - CHILDREN, ADULTS, FAMILIES - WILL HAVE REGULAR AND PERMANENT ACCESS TO THE RICH WORLD OF CLASSICAL, ORCHESTRAL MUSIC AND RELATED CULTURAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE OUR FIRST GRANTS IN 2010, MORE THAN 200,000 PEOPLE HAVE ATTENDED FREE HIGH-QUALITY CLASSICAL MUSIC CONCERTS AND 29 ORGANIZATIONS HAVE BENEFITED FROM OUR FUNDING. FROM SUMMER EVENING PERFORMANCES ON THE BOSTON COMMON AND AT THE HATCH SHELL TO INTIMATE CHAMBER MUSIC IN HOMELESS SHELTERS AND MEDICAL FACILITIES, EMERGING AND MID-SIZED ORGANIZATIONS PRODUCE HIGH-QUALITY CLASSICAL MUSIC FREE FOR ALL PEOPLE YEAR-ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zakiyyah Sutton Director | 1 | $0 | |
Iman Abdul-Musawwir Appt 112021 Treasurer/director | 2 | $0 | |
Sonia Chang-Diaz Director | 1 | $0 | |
Ray Hammond President/director | 3 | $0 | |
J Brian Potts Resigned 112021 Treasurer/director | 2 | $0 | |
Michael Dukakis V.p./director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $127,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $553,980 |
| Capital Gain Net Income | $553,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $681,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,163 |
| Total operating and administrative expenses | $87,956 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $362,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $354,907 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $501,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,827 |
| Total assets | $8,311,326 |
| Accounts payable and accrued expenses | $5,176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $32,984 |
| Total liabilities | $38,160 |
Grants Awarded
Over the last fiscal year, Free For All Concert Fund Inc has awarded $469,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON LANDMARKS ORCHESTRA PURPOSE: PROGRAM SUPPORT | $448,000 |
Jamaica Plain, MA PURPOSE: PROGRAM SUPPORT | $21,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Free For All Concert Fund Inc has recieved totaling $50,500.
| Awarding Organization | Amount |
|---|---|
Boston Foundation Inc Boston, MA PURPOSE: Capital Campaign | $50,000 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Rhode Island Philharmonic Orchestra & Music School East Providence, RI | $15,804,954 | $5,398,910 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |