Rappahannock Music Study Club
- Assets
- $112.3k
- Revenue
- $4.7k
- Investments
- $103.6k
- Employees
- 0
- Location
- Lottsburg, VA
- Founding
- 07/1989
- Data as of
- 08/2021
- EIN
- 54-1505403
Organization Overview
Rappahannock Music Study Club is located in Lottsburg, VA. The organization was established in 1989. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Rappahannock Music Study Club 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 08/2021, Rappahannock Music Study Club generated $4.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $8.4k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arline Hinkson Secretary | 1 | $0 | |
Eric Jacobson Treasurer | 1 | $0 | |
Roberta Sonnio Vice-Pres. | 1 | $0 | |
Dr Cheryl Brown-Davis President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $265 |
| Capital Gain Net Income | $265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $340 |
| Total Revenue | $4,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $98 |
| Printing and publications | $0 |
| Other expenses | $1,538 |
| Total operating and administrative expenses | $2,152 |
| Contributions, gifts, grants paid | $6,200 |
| Total expenses and disbursements | $8,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,591 |
| Savings and temporary cash investments | $4,073 |
| 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 | $112,252 |
| 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, Rappahannock Music Study Club has awarded $4,475 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MISCELLANEOUS GRANTS BELOW 1000 PURPOSE: MUSIC ACTIVITIES | $2,475 |
CHRISTOPHER NEWPORT UNIV PURPOSE: BAND SCHOLAESHIP | $1,000 |
UNIVERSITY OF VIRGINIA PURPOSE: BAND SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Washington Bach Consort Washington, DC | $1,833,165 | $1,410,889 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |