Troy Music Booster Inc
- Assets
- $264.2k
- Revenue
- $157.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, OH
- Founding
- 10/1999
- Data as of
- 06/2023
- EIN
- 31-0949626
Organization Overview
Troy Music Booster Inc is located in Troy, OH. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Music Booster 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 06/2023, Troy Music Booster Inc generated $157.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $97.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Troy Music Booster Inc has awarded 18 individual grants totaling $491,988. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT TROY CITY SCHOOLS MUSIC EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAND: MUSICAL INSTRUMENTS, CHOREOGRAPHY, SUPPLIES, UNIFORMS, TRANSPORTATION, EQUIPMENT REPAIRS, PROPS AND OTHER SUPPORTING EQUIPMENT, AWARDS, PARTICIPATION FEES FOR THE SCHOOL, AND BAND CAMP EXPENSES FOR THE HIGH SCHOOL MARCHING BAND CONTAINING MORE THAN 110 MEMBERS. THE JUNIOR HIGH BAND INCLUDES 125 MEMBERS
TO PROVIDE MUSIC SCHOLARSHIPS TO STUDENTS OF THE TROY CITY SCHOOL MUSIC PROGRAM AND TO COVER EXPENSES RELATED TO THE TROY SCHOOLS BAND INVITATIONAL PROGRAM AND CONFERENCE.
VOCAL MUSIC: CHOREOGRAPHY, PROPS, UNIFORMS, SUPPLIES, TRANSPORTATION, AWARDS, AND PERFORMING FEES FOR THE MEMBERS OF THE HIGH SCHOOL AND JUNIOR VOCAL GROUPS CONTAINING APPROXIMATELY 189 STUDENTS.
ORCHESTRA: MUSICAL INSTRUMENTS, SUPPORTING EQUIPMENT, AWARDS, EQUIPMENT REPAIR, SUPPLIES AND PERFORMANCE FEES, UNIFORMS AND TRANSPORTATION FOR HIGH SCHOOL AND JUNIOR HIGH SCHOOL ORCHESTRA GROUPS. THERE ARE APPROXIMATELY 110 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Kolakowski Vice-Preside | Officer | 1 | $0 |
Holly Mcelwee President | Officer | 4 | $0 |
Kathy Osburn Secretary | Officer | 4 | $0 |
Jennifer Sentman Treasurer | Officer | 1 | $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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $0 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $157,337 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $157,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,900 |
| 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 | $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 | $705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $262 |
| Information technology | $0 |
| 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 | $547 |
| All other expenses | $26,650 |
| Total functional expenses | $97,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,203 |
| Savings and temporary cash investments | $87,968 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,171 |
| Accounts payable and accrued expenses | $5,301 |
| 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 | $5,301 |
| Net assets without donor restrictions | $258,870 |
| 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 | $264,171 |
Grants Awarded
Over the last fiscal year, Troy Music Booster Inc has awarded $35,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TROY CITY SCHOOLS | | | $7,400 |
TROY CITY SCHOOLS | | | $16,500 |
TROY CITY SCHOOLS | | | $12,000 |