Steel Magic Northwest
- Assets
- $59.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edmonds, WA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-2201053
Organization Overview
Steel Magic Northwest is located in Edmonds, WA. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steel Magic Northwest 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 12/2022, Steel Magic Northwest generated $142.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $105.9k during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE PROVIDE AFTER SCHOOL STEEL BAND CLASSES TO YOUTH IN TWO LOCATIONS, AND AN ADULT COMMUNITY STEEL BAND IN ONE LOCATION. WE CURRENTLY HAVE 95 PEOPLE PARTICIPATING (76 YOUTH, AND 19 ADULTS), AND WE PERFORM PUBLIC CONCERTS FOR THE BENEFIT OF THE ENTIRE COMMUNITY.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,586 |
| Total Program Service Revenue | $75,665 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20,182 |
| Total Revenue | $142,433 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,272 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,035 |
| Printing, publications, postage, and shipping | $1,277 |
| Other expenses | $17,287 |
| Total expenses | $105,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,381 |
| Other assets | $0 |
| Total assets | $59,381 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,381 |