Palaver Strings Incorporated
- Assets
- $70.6k
- Revenue
- $549.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Portland, ME
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-4914834
Organization Overview
Palaver Strings Incorporated is located in Portland, ME. The organization was established in 2015. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Palaver Strings Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palaver Strings Incorporated 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 06/2022, Palaver Strings Incorporated generated $549.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $515.0k during the year ending 06/2022. While expenses have increased by 36.4% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PALAVER STRINGS STRENGTHENS AND INSPIRED COMMUNITY THROUGH MUSIC. PALAVER MUSIC CENTER SEEKS TO GENERATE A LOVE OF MUSIC, FOSTER CREATIVITY, AND HOLD SPACE FOR SHARED DIALOGUE WITH PEOPLE FROM DIVERSE CULTURAL AND SOCIOECONOMIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PALAVER STRINGS IS A MUSICIAN-LED STRING ENSEMBLE AND NONPROFIT ORGANIZATION BASED IN PORTLAND, ME. PALAVER HAS ESTABLISHED ITSELF AS A FORWARD-THINKING ENSEMBLE WHOSE MISSION IS TO STRENGTHEN AND INSPIRE COMMUNITY THROUGH MUSIC. IN OUR MUSICIAN-LED MODEL, PALAVER'S MUSICIANS PRESENT OVER 40 PERFORMANCES A YEAR, SHARE ARTISTIC AND ADMINISTRATIVE LEADERSHIP, GUIDED BY A PASSION FOR ENGAGING NEW AUDIENCES, ADDRESSING SOCIAL JUSTICE ISSUES, AND AMPLIFYING UNDERREPRESENTED VOICES.
THE PALAVER MUSIC CENTER OFFERS EARLY CHILDHOOD MUSIC CLASSES, PRIVATE STRING INSTRUMENT LESSONS, AND SONGWRITING WORKSHOPS TO OVER 200 STUDENTS EACH YEAR FROM INFANCY TO ADULTHOOD. BY OPERATING ON A FLEXIBLE INCOME- BASED TUITION MODEL AND TEACHING AT TRANSIT-ACCESSIBLE LOCATIONS IN DOWNTOWN PORTLAND, WE MAKE OUR PROGRAMS ACCESSIBLE TO STUDENTS OF DIVERSE BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maya French Managing Dir | Officer | 40 | $54,387 |
Matthew Smith Director Of | Officer | 40 | $50,754 |
Ari Solotoff President | OfficerTrustee | 2 | $0 |
Lauren Edison Treasurer | OfficerTrustee | 2 | $0 |
Molly Mccarthy Director | Trustee | 2 | $0 |
William Black Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,948 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,482 |
| Total Program Service Revenue | $79,942 |
| Investment income | $2,544 |
| 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 | -$998 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,970 |
| 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 | $262,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,500 |
| Payroll taxes | $19,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $18,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,594 |
| Office expenses | $3,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,967 |
| Travel | $28,822 |
| 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 | $3,179 |
| Insurance | $7,099 |
| All other expenses | $16,052 |
| Total functional expenses | $515,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,369 |
| Savings and temporary cash investments | $0 |
| 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 | $767 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,650 |
| Total assets | $70,592 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $41,592 |
| Net assets with donor restrictions | $29,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $70,592 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Palaver Strings Incorporated has recieved totaling $42,409.
| Awarding Organization | Amount |
|---|---|
United Way Inc Portland, ME PURPOSE: Emergency Heating Assistance | $15,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $11,625 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Ovations Portland, ME | $2,819,277 | $2,954,618 |
Winnipesaukee Playhouse Meredith, NH | $4,588,374 | $1,260,967 |
Opera House Arts Stonington, ME | $2,484,317 | $996,461 |
M&j Company Bangor, ME | $6,064,291 | $883,861 |
Maine & Company Portland, ME | $464,139 | $628,199 |
Palaver Strings Incorporated Portland, ME | $70,592 | $548,970 |
Speak About It Portland, ME | $16,113 | $268,457 |
One Longfellow Square Inc Portland, ME | $589,311 | $748,592 |
City Theater Associates Inc 205 Main St Biddeford, ME | $352,461 | $316,671 |
Classical Uprising Brunswick, ME | $24,521 | $0 |
M & D Productions North Conway, NH | $58,960 | $80,615 |
Revels North Inc Lebanon, NH | $55,050 | $69,595 |