Burlington Civic Music Association
- Assets
- $479.0k
- Revenue
- $164.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, IA
- Founding
- 12/1983
- Data as of
- 05/2024
- EIN
- 42-1207564
Organization Overview
Burlington Civic Music Association is located in Burlington, IA. The organization was established in 1983. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Burlington Civic Music Association 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 05/2024, Burlington Civic Music Association generated $164.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $186.8k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION PROMOTES EDUCATIONAL, CULTURAL AND ENTERTAINMENT IN THE CITY OF BURLINGTON BY PRESENTING A SERIES OF PERFORMANCES ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRESENTS A SERIES OF PERFORMANCES AND EDUCATIONAL WORKSHOPS. THE ORGANIZATION CONTRACTS WITH THE ARTISTS, SELLS SERIES TICKETS, RENTS THE PERFORMANCE HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mcroberts Director | Trustee | 10 | $10,000 |
Beth Ash Director | Trustee | $0 | |
Kevin Carr Treasurer | OfficerTrustee | $0 | |
Curtis Cloke Director | Trustee | $0 | |
Kay Conrad President | OfficerTrustee | $0 | |
Meg D'souza Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,664 |
| Total Program Service Revenue | $130,713 |
| Investment income | $8,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,525 |
| 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. | $10,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,293 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,407 |
| Office expenses | $8,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,562 |
| Travel | $3,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,832 |
| All other expenses | $1,719 |
| Total functional expenses | $186,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,147 |
| 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 | $6,875 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $238,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $478,985 |
| Accounts payable and accrued expenses | $2,814 |
| 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 | $2,814 |
| Net assets without donor restrictions | $221,539 |
| Net assets with donor restrictions | $254,632 |
| 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 | $478,985 |