Childrens Concert Society Of Akron Ohio
- Assets
- $565.1k
- Revenue
- $22.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Akron, OH
- Founding
- 06/1955
- Data as of
- 06/2022
- EIN
- 34-0923479
Organization Overview
Childrens Concert Society Of Akron Ohio is located in Akron, OH. The organization was established in 1955. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Childrens Concert Society Of Akron Ohio 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, Childrens Concert Society Of Akron Ohio generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.8%) each year. All expenses for the organization totaled $169.9k during the year ending 06/2022. 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
EDUCATIONAL ENHANCEMENT PROGRAMS FOR SCHOOL CHILDREN CONSISTING OF IN SCHOOL PROGRAMS, SYMPHONIES, BALLET, AND SCHOLASTIC COMPOSERS CONTESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ENHANCEMENTS PROGRAMS FOR SCHOOL CHILDREN CONSISTING OF IN SCHOOL PROGRAMS, SYMPHONIES, BALLET, AND SCHOLARIST COMPOSER CONTESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Smith President | Officer | 8 | $0 |
Valerie Wright Secretary | Officer | 8 | $0 |
Karrin Childs Treasurer | Officer | 8 | $0 |
Renee Pinsky Vice President | Officer | 8 | $0 |
Lisa Dannemiller Business Manager | Officer | 40 | $0 |
Pat Lenhart Director | 40 | $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 | $82,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,849 |
| Total Program Service Revenue | $5,788 |
| Investment income | -$81,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,503 |
| 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. | $50,740 |
| Compensation of current officers, directors, key employees. | $50,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,935 |
| Payroll taxes | $3,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,842 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,975 |
| Office expenses | $5,907 |
| Information technology | $175 |
| Royalties | $0 |
| Occupancy | $2,700 |
| 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 | $2,043 |
| All other expenses | $0 |
| Total functional expenses | $169,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,383 |
| Savings and temporary cash investments | $31,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,062 |
| 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 | $1,925 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,760 |
| Total assets | $565,139 |
| Accounts payable and accrued expenses | $3,241 |
| Grants payable | $0 |
| Deferred revenue | $5,350 |
| 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 | $8,591 |
| Net assets without donor restrictions | $49,789 |
| Net assets with donor restrictions | $506,759 |
| 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 | $565,139 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Childrens Concert Society Of Akron Ohio has recieved totaling $47,592.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT THE IN-SCHOOL CONCERT SERIES | $27,050 |
Mary S & David C Corbin Foundation Akron, OH PURPOSE: IN-SCHOOL CONCERT SERIES | $8,000 |
Mary And Dr George L Demetros Charitable Trust Columbus, OH PURPOSE: CONCERT HALL SERIES, IN SCHOOL CONCERT SERIESSCHOLASTIC COMPOSERS CONTEST | $5,000 |
Lois Sisler Mcfawn Foundation Brooklyn, OH PURPOSE: GENERAL | $4,000 |
Welty Family Foundation Akron, OH PURPOSE: COMMUNITY | $3,000 |
Michelson Foundation Charitable Trust Akron, OH PURPOSE: CHARITABLE | $500 |
Endowment Analysis
| Beg. Balance | $423,803 |
| Earnings | -$55,859 |
| Admin Expense | $4,948 |
| Other Expense | $17,000 |
| Ending Balance | $345,996 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |
Community Theater Project Corporation Pittsburgh, PA | $2,533,416 | $2,200,744 |
Association For The Colonial Theater Phoenixville, PA | $9,083,228 | $1,436,058 |
Tiffin Theatre Inc Tiffin, OH | $2,679,846 | $1,395,141 |
Artists In Motion Inc Indianapolis, IN | $1,277,049 | $1,242,334 |
Cadets Arts And Entertainment Inc Allentown, PA | $729,483 | $1,306,331 |
Chicago Summer Resort Company Charlevoix, MI | $1,907,953 | $1,036,226 |
Canton Palace Theater Association Canton, OH | $2,184,067 | $959,253 |