Panza Foundation
- Assets
- $69.3k
- Revenue
- $20.9k
- Investments
- $18.9k
- Employees
- 0
- Location
- Cleveland Hts, OH
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-2737326
Organization Overview
Panza Foundation is located in Cleveland Hts, OH. The organization was established in 2015. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Panza Foundation 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, Panza Foundation generated $20.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $13.1k during the year ending 12/2021. 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
MUSICAL PRODUCTION, AND RECORDING, ENGINEERING EXPENSES AND OTHER SUPPORT FOR MUSICAL ARTISTS AND GROUPS IN THE CLEVELAND, OHIO AREA
MUSICAL PRODUCTION, AND RECORDING, ENGINEERING EXPENSES AND OTHER SUPPORT FOR MUSICAL ARTISTS AND GROUPS IN THE CLEVELAND, OHIO AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Panza VP And Treas | 0 | $0 | |
John Panza Pres. And Se | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,815 |
| Interest on Savings | $4 |
| Dividends & Interest | $31 |
| 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 | $20,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,039 |
| Total operating and administrative expenses | $4,622 |
| Contributions, gifts, grants paid | $8,500 |
| Total expenses and disbursements | $13,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,429 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $69,299 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Panza Foundation has awarded $8,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BEACHLAND BALLROOM & TAVERN PURPOSE: MUSICAL PRODUCTION, RECORDING, ENGINEERING, AND OTHER EXPENSES | $2,000 |
GROG SHOP PURPOSE: MUSICAL PRODUCTION, RECORDING, ENGINEERING, AND OTHER EXPENSES | $2,000 |
MAHALL'S 20 LANES PURPOSE: MUSICAL PRODUCTION, RECORDING, ENGINEERING, AND OTHER EXPENSES | $2,000 |
HAPPY DOG PURPOSE: MUSICAL PRODUCTION, RECORDING, ENGINEERING, AND OTHER EXPENSES | $2,000 |
WESTSIDE BOWL PURPOSE: MUSICAL PRODUCTION, RECORDING, ENGINEERING, AND OTHER EXPENSES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drum Corps International Inc Indianapolis, IN | $11,292,251 | $9,955,642 |
Music For All Inc Indianapolis, IN | $2,684,285 | $3,131,031 |
Apollos Fire The Cleveland Baroque Orchestra Cleveland Heights, OH | $1,453,551 | $1,955,138 |
River City Brass Band Pittsburgh, PA | $1,809,596 | $856,710 |
Brass Band Of Battle Creek Marshall, MI | $91,211 | $533,650 |
Chapparells Inc Akron, OH | $121,051 | $529,263 |
Chapparells Baton & Drum Corps Inc Akron, OH | $965,572 | $601,614 |
Piffaro The Renaissance Band Philadelphia, PA | $447,529 | $376,319 |
Jewish Ensemble Theatre Walled Lake, MI | $363,691 | $349,374 |
Lafayette Band Association Lexington, KY | $190,820 | $419,939 |
West Michigan Home School Fine Arts Association Inc Belding, MI | $308,818 | $255,049 |
Akropolis Quintet Inc Northville, MI | $100,015 | $328,133 |