Norman Holland-Hull Instrument Library is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Norman Holland-Hull Instrument Library 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 08/2021, Norman Holland-Hull Instrument Library generated $436.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $439.1k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION UNDERWROTE ALL OF THE MUSIC EDUCATION AND MENTORING EXPENSES OF TWENTY-ONE UNDERPRIVILEGED STUDENTS NO MONEY IS PAID TO ANY BENEFICIARY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rachel Segal Executive Director | 40 | $67,538 | |
David Segal President | 5 | $0 | |
Lyndsie Wilson Director | 2 | $0 | |
Karnia L Carter Director | 2 | $0 | |
Steven Segal Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $436,572 |
Interest on Savings | $0 |
Dividends & Interest | $9 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $436,581 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $75,001 |
Other employee salaries and wages | $105,000 |
Pension plans, employee benefits | $12,440 |
Interest | $0 |
Taxes | $17,600 |
Depreciation | $1,129 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $224,310 |
Total operating and administrative expenses | $439,095 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $439,095 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $124,212 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $398,084 |
Other assets | $0 |
Total assets | $522,296 |
Accounts payable and accrued expenses | $2,000 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $199,139 |
Total liabilities | $201,139 |
Over the last fiscal year, we have identified 1 grants that Norman Holland-Hull Instrument Library has recieved totaling $4,714.
Awarding Organization | Amount |
---|---|
Philadelphia Cultural Fund Inc Philadelphia, PA PURPOSE: Operations | $4,714 |
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