Rebecca Penneys Friends Of Piano Inc
- Assets
- $618.0k
- Revenue
- $242.6k
- Investments
- $558.2k
- Employees
- 0
- Location
- St Pete Beach, FL
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 46-1577835
Organization Overview
Rebecca Penneys Friends Of Piano Inc is located in St Pete Beach, FL. The organization was established in 2013. 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. Rebecca Penneys Friends Of Piano 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, Rebecca Penneys Friends Of Piano Inc generated $242.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $115.8k during the year ending 12/2021. While expenses have increased by 13.8% 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
TO (I) EDUCATE, MENTOR, AND TRAIN PIANISTS FROM AROUND THE WORLD IN SOLO PIANO, PIANO CHAMBER MUSIC AND PIANO ENSEMBLE; (II) CREATE A PLATFORM FOR PIANISTS TO GIVE BACK TO THEIR COMMUNITIES BY PERFORMING FOR THEIR PEERS IN PUBLIC VENUES, AND TO PROMOTE AND SUPPORT CLASSICAL MUSIC AND THE ARTS; (III) ENCOURAGE MUSIC CURRICULUM AND MUSIC WELLNESS IN SCHOOLS AND IN THE PRIVATE SECTOR; (IV) ORGANIZE, DEVELOP AND PROMOTE WORKSHOPS, CLASSES, SEMINARS, CURRICULUM, CONCERTS AND PIANO COMPETITIONS TO ASSIST STUDENTS, TEACHERS AND AMATEUR MUSICIANS IN HONING THEIR TECHNICAL SKILLS, MUSIC SENSIBILITIES AND APPRECIATION OF MUSIC; (V) ASSIST IN FINANCING ACADEMIC EDUCATIONS AND LAUNCHING CAREERS; AND (VI) IMPLANT FIRMLY IN THE STUDENTS THE IDEALS OF HARD WORK, COMMITMENT, AND SELF-EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PIANO FESTIVAL IS UNIQUE IN THE WORLD OF PIANO INSTRUCTION. FACULTY AND GUESTS TEACH TECHNIQUE AND MUSICIANSHIP IN A TRADITIONAL AND INNOVATIVE CONTEXT WHILE EMBRACING CREATIVE AND HOLISTIC CONCEPTS IN LEARNING, HEALTH AND HUMAN POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca A Penneys President/secretary/direct | Trustee | 30 | $0 |
Sidney Braverman Director | Trustee | 1 | $0 |
Raymond L Gottlieb Vice President/treasurer | Trustee | 10 | $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 | $158,462 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,462 |
| Total Program Service Revenue | $44,501 |
| Investment income | $39,639 |
| 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 | $242,602 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $3,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,903 |
| Advertising and promotion | $3,388 |
| Office expenses | $1,102 |
| Information technology | $1,175 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,209 |
| 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 | $294 |
| All other expenses | $188 |
| Total functional expenses | $115,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,903 |
| Savings and temporary cash investments | $416 |
| 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 | $558,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $617,974 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13 |
| Total liabilities | $13 |
| Net assets without donor restrictions | $0 |
| 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 | $617,961 |
| Total liabilities and net assets/fund balances | $617,974 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rebecca Penneys Friends Of Piano Inc has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |