Long Island Music Hall Of Fame
- Assets
- $46.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melville, NY
- Founding
- 02/2006
- Data as of
- 12/2021
- EIN
- 47-0958492
Organization Overview
Long Island Music Hall Of Fame is located in Melville, NY. The organization was established in 2006. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. Long Island Music Hall Of Fame 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, Long Island Music Hall Of Fame generated $26.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $24.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOGNIZE, CELEBRATE AND PRESERVE THE EXCEPTIONAL MUSIC HERITAGE OF THE LONG ISLAND REGION.
Describe the Organization's Program Activity:
Part 3
HOSTED A GALA TO HONOR AND RECOGNIZE MANY OF THE TALENTED MUSICIANS AND INDUSTRY PROFESSIONALS THAT HAVE HAD THE PLEASURE OF CALLING LONG ISLAND THEIR HOME. INDUCTEES ARE SELECTED BY THE LONG ISLAND MUSIC HALL OF FAME BOARD OF DIRECTORS FROM AN EVOLVING AND GROWING LIST OF INVOLVED PEOPLE, ARTISTS, GROUPS, AND ENTITIES THAT WERE BORN, RAISED, FOUNDED OR HAVE RESIDED ON LONG ISLAND FOR A SIGNIFICANT PORTION OF THEIR CAREER OR EXISTENCE. ENTRANCE INTO THE HALL IS BASED ON HISTORICAL IMPORTANCE AND THE SIGNIFICANCE OF THEIR CONTRIBUTION TO LONG ISLAND'S RICH MUSICAL HERITAGE.
RENOVATED A MOBILE VAN TO USE AS A MUSIC EDUCATION MUSEUM AND "TOUR BUS." THIS EDUCATIONAL MUSEUM ON WHEELS IS BEING DESIGNED TO SHOWCASE LONG ISLAND'S MUSICAL HERITAGE, AND WILL FEATURE INTERACTIVE DISPLAYS AND STATE OF THE ART TECHNOLOGY TO SHOWCASE THE LONG ISLAND'S DIVERSITY OF TALENT IN VIRTUALLY ALL MUSICAL GENRES. IT WILL BE VISITING SCHOOLS, EVENTS, MUSEUMS, AND OTHER PLACES OF INTEREST BEGINNING IN THE SUMMER OF 2017.
HOSTED A SUMMER CONCERT SERIES THAT SHOWCASED THE TALENTS OF SEVERAL MUSICIANS WHO ARE FROM LONG ISLAND. HOSTED A LECTURE SERIES TO PROMOTE ACHIEVEMENT IN THE FIELD OF MUSIC WITHIN LONG ISLAND. OFFERED "MASTER CLASSES" WORKSHOPS AND SEMINARS CONDUCTED BY MUSIC INDUSTRY PROFESSIONALS. AWARDED SCHOLARSHIPS TO DESERVING YOUNG MUSICIANS AND MEMBERS OF YOUTH ORCHESTRAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernie Canadeo Board Chairman | 2 | $0 | |
Tom Needham 2nd Vice Chairman | 2 | $0 | |
Robert J Debrauwere 3rd Vice Chairman | 1 | $0 | |
Larry Dunn 4th Vice Chairman | 1 | $0 | |
Mark Meinberg Trustee | 1 | $0 | |
David Baram ESQ Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,889 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,850 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,741 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,100 |
| Occupancy, rent, utilities, and maintenance | $4,182 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,163 |
| Total expenses | $24,445 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,758 |
| Other assets | $0 |
| Total assets | $46,758 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,758 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Long Island Music Hall Of Fame has recieved totaling $7,136.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |
Fenimore Art Museum New York, NY | $63,527,114 | $3,838,046 |
Farmers Museum Inc New York, NY | $82,300,614 | $4,849,865 |
Scottish Rite Masonic Museum & Library Inc Lexington, MA | $63,564,259 | $9,227,595 |
General Society Of Mayflower Descendants Plymouth, MA | $8,416,506 | $2,797,450 |
The Long Island Museum Of American Art History & Carriages Stony Brook, NY | $25,489,639 | $2,528,641 |
The Mark Twain Memorial Hartford, CT | $16,236,418 | $4,258,653 |
National Coast Guard Museum Association Inc New London, CT | $17,635,253 | $4,459,044 |