Danville Concert Association Inc
- Assets
- $69.7k
- Revenue
- $27.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, VA
- Founding
- 01/1958
- Data as of
- 06/2021
- EIN
- 54-6040564
Organization Overview
Danville Concert Association Inc is located in Danville, VA. The organization was established in 1958. 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. Danville Concert Association 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 06/2021, Danville Concert Association Inc generated $27.3k 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 (12.3%) each year. All expenses for the organization totaled $3.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (37.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT MUSICAL CONCERT PERFORMANCES TO CITIZENS OF LOCAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRESENTATION OF MUSICAL CONCERT PERFORMANCES FOR ITS MEMBERS AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mira Becher Vice-Preside | OfficerTrustee | $0 | |
Gary Grant Vice-Preside | OfficerTrustee | $0 | |
Eddie Herndon President | OfficerTrustee | $0 | |
Becky Holt Vice-Preside | OfficerTrustee | $0 | |
Kathy Northen Vice-Preside | OfficerTrustee | $0 | |
James Slayton Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,314 |
| Investment income | $2 |
| 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 | $27,316 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,429 |
| All other expenses | $0 |
| Total functional expenses | $3,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,508 |
| Savings and temporary cash investments | $28,223 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,731 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $45,530 |
| Total liabilities and net assets/fund balances | $69,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Danville Concert Association Inc has recieved totaling $6,657.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of The Dan River Region Danville, VA PURPOSE: $302 UNRESTRICTED SUPPORT; $1,355 TO SUPPORT THE ANNUAL CONCERT SERIES; $3,500 TO BRING THE RUSSIAN BALLET TO DANVILLE FOR THE PERFORMACE OF THE CLASSIC BALLET "SLEEPING BEAUTY; $1,500 TO SUPPORT THE PERFORMANCE BY THE RUSSIAN NATIONAL BALLETTO OFFER AN UNUSUAL ONE-DAY ARTISTS-IN-RESIDENCY PROGRAM, CONDUCTED BY TAO: DRUM HEART FOR AREA STUDENTS; $1,400 FOR PERFORMANCE BY THE HELSINGBOURG SYMPHONY ORCHESTRA FROM SWEDEN | $6,657 |
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 |