Rappahannock Music Study Club
- Assets
- $109.1k
- Revenue
- $5.7k
- Investments
- $92.3k
- Employees
- 0
- Location
- Lottsburg, VA
- Founding
- 07/1989
- Data as of
- 08/2023
- 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 08/2023, Rappahannock Music Study Club generated $5.7k 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 (7.0%) each year. All expenses for the organization totaled $2.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 7 years. 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 |
|---|---|---|---|
Dr Cheryl Brown-Davis President | 1 | $0 | |
Arline Hinkson Vice-Preside | 1 | $0 | |
Joan Blatterman Secretary | 1 | $0 | |
Eric Jacobson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $230 |
| Interest on Savings | $38 |
| Dividends & Interest | $4,405 |
| 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 | $1,030 |
| Total Revenue | $5,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15 |
| Printing and publications | $0 |
| Other expenses | $1,070 |
| Total operating and administrative expenses | $1,234 |
| Contributions, gifts, grants paid | $800 |
| Total expenses and disbursements | $2,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,784 |
| Savings and temporary cash investments | $14,018 |
| 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 | $109,141 |
| 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 |
|---|---|
UNIVERSITY OF VIRGINIA PURPOSE: BAND SCHOLARSHIP | $1,000 |
CHRISTOPHER NEWPORT UNIV PURPOSE: BAND SCHOLAESHIP | $1,000 |
MISCELLANEOUS GRANTS BELOW 1000 PURPOSE: MUSIC ACTIVITIES | $2,475 |