Franklin Pond Chamber Music Inc
- Assets
- $401.0k
- Revenue
- $206.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 36-4509425
Organization Overview
Franklin Pond Chamber Music Inc is located in Atlanta, GA. The organization was established in 2003. 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. Franklin Pond Chamber Music 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 12/2021, Franklin Pond Chamber Music Inc generated $206.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $186.9k during the year ending 12/2021. While expenses have increased by 12.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MENTOR YOUNG MUSICIANS THROUGH THE ART OF CHAMBER MUSIC TO ACHIEVE THEIR FULLEST POTENTIAL AS MUSICIANS, THINKERS, COLABORATORS, AND RESPONSIBLE MEMBERS OF A DIVERSE AND INCLUSIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED INTENSIVE SUMMER MUSIC PROGRAM FOR 16 MUSIC STUDENTS BETWEEN JUNE 28 AND AUGUST 1 USING BOTH VIRTUAL AND IN PERSON TEACHING TECHNIQUES.CONDUCTED MUSIC PROGRAM DURING OCTOBER THROU MAY FEATURING 8 COACHING SESSIONS, 2 MASTER CLASSES, AND 2 LIVE PERFORMANCE OPPORTUNITIES.CONDUCTED COMPETITION FOR CHAMBER MUSIC GROUPS OF 3 TO 8 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beattie Wood Chairman | OfficerTrustee | 2 | $0 |
Hamilton Smith Past Chairman | OfficerTrustee | 1 | $0 |
Ronda P Respess President | Officer | 0 | $0 |
David Magee Director | Trustee | 0.5 | $0 |
Lynn Eden Allen Director | Trustee | 0.5 | $0 |
Betty Fuller Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,492 |
| Total Program Service Revenue | $41,225 |
| Investment income | $1,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,033 |
| 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. | $43,208 |
| Compensation of current officers, directors, key employees. | $13,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,486 |
| Fees for services: Management | $8,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,853 |
| Advertising and promotion | $7,214 |
| Office expenses | $12,672 |
| Information technology | $11,360 |
| Royalties | $0 |
| Occupancy | $6,367 |
| Travel | $13,821 |
| 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 | $2,386 |
| All other expenses | $5,561 |
| Total functional expenses | $186,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,040 |
| Savings and temporary cash investments | $0 |
| 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 | $401,040 |
| Accounts payable and accrued expenses | $1,914 |
| 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 | $1,914 |
| Net assets without donor restrictions | $399,126 |
| 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 | $401,040 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franklin Pond Chamber Music Inc has recieved totaling $7,300.
| Awarding Organization | Amount |
|---|---|
Gable Foundation Inc Atlanta, GA PURPOSE: GENERAL | $7,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penland School Of Craft Penland, NC | $77,347,904 | $8,195,417 |
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Artsplus Charlotte, NC | $2,425,687 | $2,154,815 |
Academy Of Arts Taylors, SC | $0 | $1,967,967 |
Governors School For The Arts Fdn Inc Greenville, SC | $6,951,882 | $1,280,520 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |