Friends Music Institute Inc
- Assets
- $240.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yellow Springs, OH
- Founding
- 05/1980
- Data as of
- 09/2023
- EIN
- 34-1301304
Organization Overview
Friends Music Institute Inc is located in Yellow Springs, OH. The organization was established in 1980. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Friends Music Institute 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 09/2023, Friends Music Institute Inc generated $17.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $3.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (36.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BECAUSE OF THE COVID 19 PANDEMIC, OUR IN-PERSON CAMP WAS CANCELED FOR THE SUMMER OF 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Hutchinson Co-Director | 5 | $0 | |
Andrea Gallaga Trustee | 1 | $0 | |
Jorge Quant Trustee | 0 | $0 | |
Martha Hyde Trustee | 0 | $0 | |
Sam Garman Trustee | 0 | $0 | |
Casey Ashenhurst Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,290 |
| Total Program Service Revenue | $750 |
| Membership dues | $0 |
| Investment income | $442 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,482 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,075 |
| Other expenses | $2,854 |
| Total expenses | $3,929 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $240,251 |
| Other assets | $0 |
| Total assets | $240,251 |
| Total liabilities | $0 |
| Net assets or fund balances | $240,251 |