Liberty Instrumental Music Boosters Inc
- Assets
- $66.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eldersburg, MD
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 52-1179518
Organization Overview
Liberty Instrumental Music Boosters Inc is located in Eldersburg, MD. The organization was established in 1985. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Instrumental Music Boosters Inc 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, Liberty Instrumental Music Boosters Inc generated $95.5k 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 (5.8%) each year. All expenses for the organization totaled $76.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
FUNDRAISERS, INSTRUMENT USAGE FEES, MARCHING BAND INCOME, MEMBERSHIP DUES AND DONATIONS WERE USED TO PURCHASE AND REPAIR INSTRUMENTS, PROVIDE INSTRUCTION AND MUSIC FOR BOTH THE INSTRUMENTAL MUSIC PROGRAM AND MARCHING BAND, PROVIDE VARIOUS AWARDS, AND FUND TRANSPORATION FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolita Peterson President | 2 | $0 | |
John Tokar Vice-Preside | 1 | $0 | |
Lynn Tokar Secretary | 1 | $0 | |
Jill Morgan Treasurer (1 | 1 | $0 | |
Drew Morgan Treasurer (2 | 2 | $0 | |
Karen Creutzer Communicatio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,823 |
| Total Program Service Revenue | $29,962 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $62,526 |
| Other Revenue | $177 |
| Total Revenue | $95,492 |
| 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 | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $76,061 |
| Total expenses | $76,361 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,151 |
| Other assets | $0 |
| Total assets | $66,151 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,151 |