Sdg Music Foundation Inc
- Assets
- $132.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- McHenry, IL
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 36-3945968
Organization Overview
Sdg Music Foundation Inc is located in McHenry, IL. The organization was established in 1995. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Sdg Music Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sdg Music Foundation 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 12/2022, Sdg Music Foundation Inc generated $39.9k 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 (23.9%) each year. All expenses for the organization totaled $28.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.4%) 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
2022
Describe the Organization's Program Activity:
Part 3
TO COMMISSION, PERFORM, AND SPONSOR SACRED CLASSICAL MUSIC WHICH WILL BE PERFORMED BY AN ORCHESTRA AND CHOIR FOR THE WORLD TO ENJOY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sawicki Finance And Office Manager | 4 | $4,160 | |
Kaye A Filkin Chairperson | 1 | $0 | |
Joseph Loschiavo President And CEO | 25 | $0 | |
C David Ward Vice President | 1 | $0 | |
Deborah Sawicki Board Secretary And Treasurer | 4 | $0 | |
Ludwig Brunner Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,523 |
| Total Program Service Revenue | $33 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,368 |
| Total Revenue | $39,924 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,257 |
| Professional fees and other payments to independent contractors | $17,350 |
| Occupancy, rent, utilities, and maintenance | $1,368 |
| Printing, publications, postage, and shipping | $784 |
| Other expenses | $3,738 |
| Total expenses | $28,497 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,775 |
| Other assets | $0 |
| Total assets | $132,775 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,775 |