The Ohio Federation Of Music Clubs Foundation For The Advancement Of
- Assets
- $1.3m
- Revenue
- $66.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Ashland, OH
- Founding
- 07/1988
- Data as of
- 06/2022
- EIN
- 31-1226019
Organization Overview
The Ohio Federation Of Music Clubs Foundation For The Advancement Of is located in Ashland, OH. The organization was established in 1988. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Ohio Federation Of Music Clubs Foundation For The Advancement Of 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 06/2022, Ohio Federation Of Music Clubs Foundation For The Advancement Of generated $66.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $64.9k during the year ending 06/2022. While expenses have increased by 2.0% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Gerber Trustee | 2 | $0 | |
Dave Roepke Treasurer | 2 | $0 | |
Ron Marenchin Ex Officio | 2 | $0 | |
Linda Mccarthy Chair | 2 | $0 | |
Christie Smith Vice Chair | 2 | $0 | |
Jason Volovar Budget Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,248 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,805 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $381 |
| Total Revenue | $66,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $14 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,257 |
| Total operating and administrative expenses | $64,866 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138 |
| Savings and temporary cash investments | $5,307 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,251,018 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
Air Zoo Legacy Foundation Portage, MI | $89,399,860 | $9,308,646 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Michigans Thanksgiving Parade Detroit, MI | $9,957,925 | $2,964,645 |