Present Music Inc
- Assets
- $284.4k
- Revenue
- $494.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Milwaukee, WI
- Founding
- 07/1983
- Data as of
- 06/2022
- EIN
- 39-1438119
Organization Overview
Present Music Inc is located in Milwaukee, WI. The organization was established in 1983. As of 06/2022, Present Music Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Present 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 06/2022, Present Music Inc generated $494.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $462.3k during the year ending 06/2022. While expenses have increased by 0.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT MUSIC ENGAGES ARTISTS AND AUDIENCES IN IMAGINATIVE AND PROVOCATIVE EXPERIENCES WITH NEW MUSIC THROUGH ENSEMBLE PERFORMANCE, EDUCATION AND COMMISSIONING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENT MUSIC ENGAGES ARTISTS AND AUDIENCES IN IMAGINATIVE AND PROVOCATIVE EXPERIENCES WITH NEW MUSIC THROUGH ENSEMBLE PERFORMANCE AND EDUCATION. EXPENSES FOR PERFORMING THE CONCERTS AT VARIOUS LOCATIONS INCLUDING SCHOOLS, COMMUNITY CENTERS AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Wilson Treasurer | OfficerTrustee | 2 | $0 |
Fran Richman Secretary | OfficerTrustee | 2 | $0 |
Jessica Franken President | OfficerTrustee | 2 | $0 |
Carole Nicksin Vice President | OfficerTrustee | 2 | $0 |
Cecile Cheng Director | Trustee | 2 | $0 |
Tim Frautschi Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $95,889 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,512 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,235 |
| Total Program Service Revenue | $113,126 |
| Investment income | $2,216 |
| 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 | $494,577 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,476 |
| Office expenses | $12,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,400 |
| 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 | $881 |
| All other expenses | $63,743 |
| Total functional expenses | $462,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,822 |
| Savings and temporary cash investments | $58,195 |
| Pledges and grants receivable | $54,396 |
| Accounts receivable, net | $30,920 |
| 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 | $6,938 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $57,149 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,420 |
| Accounts payable and accrued expenses | $33,866 |
| 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 | $33,866 |
| Net assets without donor restrictions | $154,215 |
| Net assets with donor restrictions | $96,339 |
| 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 | $284,420 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Present Music Inc has recieved totaling $46,300.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $45,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,300 |
Endowment Analysis
| Beg. Balance | $64,167 |
| Earnings | -$5,484 |
| Other Expense | $1,534 |
| Ending Balance | $57,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyric Opera Of Chicago Chicago, IL | $270,226,178 | $60,302,671 |
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Field Museum Of Natural History Chicago, IL | $874,117,562 | $94,095,312 |
Interlochen Center For The Arts Interlochen, MI | $234,270,312 | $77,699,935 |
The Edison Institute Inc Dearborn, MI | $598,342,638 | $88,893,387 |
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Childrens Museum Of Indianapolis Incorporated Indianapolis, IN | $487,243,633 | $55,187,916 |