Petoskey Music Boosters
- Assets
- $66.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Petoskey, MI
- Founding
- 05/1983
- Data as of
- 05/2022
- EIN
- 38-2387256
Organization Overview
Petoskey Music Boosters is located in Petoskey, MI. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petoskey Music Boosters 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 05/2022, Petoskey Music Boosters generated $66.3k 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 (8.6%) each year. All expenses for the organization totaled $75.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 7 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
PROGRAMS FOR PETOSKEY PUBLIC SCHOOL STUDENTS - UNIFORMS, SUPPLIES, EQUIPMENT, CAMPS AND BAND TRIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dina Panos Vice President | 1 | $0 | |
Tom Harder Director | 10 | $0 | |
Duane Wilson Director | 10 | $0 | |
Taylor Huitema Director | 10 | $0 | |
Laura Lamp Director | 1 | $0 | |
Misty Jakeway Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,262 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $43,975 |
| Other Revenue | $97 |
| Total Revenue | $66,334 |
| 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 | $0 |
| Other expenses | $75,707 |
| Total expenses | $75,707 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,036 |
| Other assets | $0 |
| Total assets | $66,036 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,036 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Petoskey Music Boosters has recieved totaling $474.
| Awarding Organization | Amount |
|---|---|
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE VOLUNTEER GRANT | $450 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
Wright State University Foundation Inc Dayton, OH | $166,064,682 | $13,302,016 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Medical Educational And Development Foundation Coldwater, OH | $428,237 | $6,392,233 |
Sc Health Sciences Inc Livonia, MI | $92,182,712 | $5,946,054 |
Charles P Taft Memorial Fund Cincinnati, OH | $192,672,147 | $13,464,389 |
Indiana State University Foundation Inc Terre Haute, IN | $120,588,616 | $29,901,749 |
Science And Technology Campus Corporation Columbus, OH | $41,499,463 | $6,865,691 |