Avaloch Farm Music Retreat Inc
- Assets
- $7.0m
- Revenue
- $656.6k
- Investments
- $0.0
- Employees
- 19
- Location
- North Bethesda, MD
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 45-2767963
Organization Overview
Avaloch Farm Music Retreat Inc is located in North Bethesda, MD. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Avaloch Farm Music Retreat Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avaloch Farm Music Retreat 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 12/2023, Avaloch Farm Music Retreat Inc generated $656.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $970.7k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AVALOCH FARM MUSIC INSTITUTE, INC. (THE INSTITUTE), A NOT-FOR-PROFIT DELAWARE CORPORATION LOCATED AND OPERATED IN BOSCAWEN, NEW HAMPSHIRE, WAS ORGANIZED IN 2011 TO OFFER YOUNG DEVELOPING MUSICIANS THE OPPORTUNITY TO FORGE THEIR MUSICAL IDENTITIES THROUGH IN-PERSON MUSIC RESIDENCY PROGRAM THAT INCORPORATES COLLABORATIVE ACTIVITIES AND OTHER EDUCATIONAL ACTIVITIES AT THE INSTITUTE.
Describe the Organization's Program Activity:
AVALOCH FARM MUSIC INSTITUTE "MUSIC RESIDENCY PROGRAM" PROVIDES A UNIQUE ENVIRONMENT FOR CHAMBER MUSIC AND JAZZ ENSEMBLES AT ANY STAGE OF DEVELOPMENT TO HAVE THE TIME AND SPACE IN A RURAL CAMPUS SETTING TO WORK INTENSIVELY ON REPERTORIE, PREPARE FOR RECORDINGS,CONCERTS AND COMPETITIONS, WORK WITH COMPOSERS ON COMMISSIONS, AND FORGE OR RECONNECT GROUP MUSICAL IDENITY. IN ADDITION,AVALOCH FARM INTENDS TO PROVIDE A SETTING FOR ARTS AND EDUCATIONAL ORGANIZATIONS TO MEET AND CONCENTRATE ON THEIR PARTICULAR MISSION.
AVALOCH FARM MUSIC INSTITUTE "MUSIC RESIDENCY PROGRAM" PROVIDES A UNIQUE ENVIRONMENT FOR CHAMBER MUSIC AND JAZZ ENSEMBLES AT ANY STAGE OF DEVELOPMENT TO HAVE THE TIME AND SPACE IN A RURAL CAMPUS SETTING TO WORK INTENSIVELY ON REPERTORIE, PREPARE FOR RECORDINGS,CONCERTS AND COMPETITIONS, WORK WITH COMPOSERS ON COMMISSIONS, AND FORGE OR RECONNECT GROUP MUSICAL IDENITY. IN ADDITION,AVALOCH FARM INTENDS TO PROVIDE A SETTING FOR ARTS AND EDUCATIONAL ORGANIZATIONS TO MEET AND CONCENTRATE ON THEIR PARTICULAR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Hallowell Churchill Director | Trustee | 1 | $0 |
Mason Donovan Director | Trustee | 1 | $0 |
Paula Fredriksen Director & T | OfficerTrustee | 5 | $0 |
Thomas F Kelly Director | Trustee | 1 | $0 |
Edward Magee Director | Trustee | 1 | $0 |
Barli Nugent Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,077 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,135 |
| Noncash contributions included in lines 1a–1f | $45,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,212 |
| Total Program Service Revenue | $216,654 |
| Investment income | $41,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,155 |
| Net Income from Fundraising Events | $4,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $656,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,250 |
| 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 | $370,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,378 |
| Payroll taxes | $28,603 |
| Fees for services: Management | $40,494 |
| Fees for services: Legal | $8,124 |
| Fees for services: Accounting | -$2,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,525 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,573 |
| Advertising and promotion | $3,319 |
| Office expenses | $19,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $283,443 |
| Travel | $5,992 |
| 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 | $166,146 |
| Insurance | $25,692 |
| All other expenses | $0 |
| Total functional expenses | $970,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,213 |
| 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 | $16,333 |
| Net Land, buildings, and equipment | $5,430,743 |
| Investments—publicly traded securities | $1,423,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361 |
| Total assets | $7,044,394 |
| Accounts payable and accrued expenses | $7,854 |
| 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 | $7,715 |
| Total liabilities | $15,569 |
| Net assets without donor restrictions | $7,028,825 |
| 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 | $7,044,394 |