Bahama Village Music Program Inc
- Assets
- $218.3k
- Revenue
- $158.6k
- Investments
- $0.0
- Employees
- 20
- Location
- Key West, FL
- Founding
- 04/2003
- Data as of
- 07/2022
- EIN
- 30-0134445
Organization Overview
Bahama Village Music Program Inc is located in Key West, FL. The organization was established in 2003. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Bahama Village Music Program Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bahama Village Music Program 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 07/2022, Bahama Village Music Program Inc generated $158.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $171.2k during the year ending 07/2022. While expenses have increased by 11.2% 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
PROVIDING QUALITY MUSIC INSTRUCTION TO CHILDREN WHO WOULD OTHERWISE NOT HAVE ACCCESS TO PRIVATE LESSONS OF PIANO, VOCAL AND OTHER MUSICAL INSTRUMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING QUALITY MUSIC INSTRUCTION TO CHILDREN WHO WOULD OTHERWISE NOT HAVE ACCCESS TO PRIVATE LESSONS OF PIANO, VOCAL AND OTHER MUSICAL INSTRUMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Baeder Vice Preside | OfficerTrustee | $0 | |
Sally Binard Treasurer | OfficerTrustee | $0 | |
Ralph Depalma President | OfficerTrustee | $0 | |
Mardee Eamilao Secretary | OfficerTrustee | $0 | |
Cricket Desmarais Director | Trustee | $0 | |
Scott Saunders Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,632 |
| Total Program Service Revenue | $0 |
| 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 | $158,632 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,279 |
| 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 | $2,482 |
| Advertising and promotion | $76 |
| Office expenses | $4,461 |
| Information technology | $8,796 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,370 |
| All other expenses | $15,124 |
| Total functional expenses | $171,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,512 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,048 |
| Investments—publicly traded securities | $114,653 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122 |
| Total assets | $218,335 |
| Accounts payable and accrued expenses | $6,611 |
| 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 | $5,049 |
| Total liabilities | $11,660 |
| Net assets without donor restrictions | $206,675 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $218,335 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bahama Village Music Program Inc has recieved totaling $43,213.
| Awarding Organization | Amount |
|---|---|
Hunter-Ward Foundation Woodland Hills, CA PURPOSE: TEACHES MUSIC TO UNDERPRIVILEGED CHILDREN. | $20,000 |
Fred M Klaus & Harold Murphy Klaus Fred First Union Bank Las Vegas, NV PURPOSE: GENERAL OPERATING | $15,000 |
Larry Dion Foundation Key West, FL PURPOSE: JOYFUL VOICES DONATION | $5,000 |
Linville Fam Tr Ua 12011998 New York, NY PURPOSE: GENERAL | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |
Arts4all Florida Tampa, FL | $1,023,964 | $852,559 |
Sunflower Creative Arts Inc Delray Beach, FL | $1,506,931 | $782,866 |