Friday Morning Music Club Inc
- Assets
- $852.2k
- Revenue
- $455.2k
- Investments
- $626.1k
- Employees
- 1
- Location
- Washington, DC
- Founding
- 02/1959
- Data as of
- 06/2023
- EIN
- 52-6054866
Organization Overview
Friday Morning Music Club Inc is located in Washington, DC. The organization was established in 1959. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friday Morning Music Club 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 06/2023, Friday Morning Music Club Inc generated $455.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $264.3k during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MUSICAL CULTURE AMONG MEMBERS OF THE CLUB AND IN THE WASHINGTON METROPOLITAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FMMC PRESENTS APPROXIMATELY 100 CONCERTS YEARLY, ALL FREE AND OPEN TO THE WASHINGTON METROPOLITAN COMMUNITY, INCLUDING A MUSIC OUTREACH PROGRAM IN LOCAL NURSING HOMES AND LIBRARIES. THESE CONCERTS INCLUDE PERFORMANCES BY THE FMMC ARIOSO CHORALE AND AVANTI ORCHESTRA.FMMC ALSO OFFERS STUDENT COMPETITIONS FOR VOICE, PIANO, STRINGS, BRASS/WOODWINDS, AND PERCUSSION. MASTERCLASSES FOR CHAMBER, PIANO, AND VOICE ARE FREE AND OPEN TO THE PUBLIC AS WELL AS TO FMMC'S 500+ MEMBERS, REGARDLESS OF AGE.THE ANNUAL MEMBERSHIP DIRECTORY AND MONTHLY NEWSLETTER COMMUNICATE AND PROMOTE CLASSICAL MUSIC THROUGHOUT THE WASHINGTON METROPOLITAN COMMUNITY, CELEBRATING FMMC'S LONG HISTORY AND FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Weyman Managing Dir | 40 | $63,470 | |
Anne W Zim Director | Trustee | 1 | $0 |
Richard Sawyer Treasurer | OfficerTrustee | 1 | $0 |
Leslie Luxemburg President | OfficerTrustee | 1 | $0 |
Steven Schwartz Vice President | OfficerTrustee | 1 | $0 |
Cyndy Elliott Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $408,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,200 |
| Total Program Service Revenue | $5,295 |
| Investment income | $12,670 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,165 |
| 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. | $41,880 |
| Compensation of current officers, directors, key employees. | $2,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,141 |
| Advertising and promotion | $2,160 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,255 |
| Travel | $113 |
| 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 | $1,250 |
| Insurance | $3,138 |
| All other expenses | $36,577 |
| Total functional expenses | $264,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,232 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,592 |
| Net Land, buildings, and equipment | $46,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $626,138 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $852,224 |
| Accounts payable and accrued expenses | $22,730 |
| Grants payable | $0 |
| Deferred revenue | $21,998 |
| 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 | $44,728 |
| Net assets without donor restrictions | $181,866 |
| Net assets with donor restrictions | $625,630 |
| 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 | $852,224 |