Shenandoah Valley Music Festival
- Assets
- $1.9m
- Revenue
- $599.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Woodstock, VA
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 54-6076656
Organization Overview
Shenandoah Valley Music Festival is located in Woodstock, VA. The organization was established in 1969. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Shenandoah Valley Music Festival employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Valley Music Festival 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 12/2023, Shenandoah Valley Music Festival generated $599.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $607.0k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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
MUSIC APPRECIATION AND AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION CONDUCTED VARIOUS CONCERTS OPEN TO THE PUBLIC DURING THE SUMMER AND FALL SEASON, IN ADDITION TO CHILDREN'S PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis M Lynch President | Officer | 40 | $59,702 |
Julie Armel Director | Trustee | 1 | $0 |
Greg Hoover Chairman | OfficerTrustee | 1 | $0 |
Joan Anderson Secretary | OfficerTrustee | 1 | $0 |
Chris Beach Treasurer | OfficerTrustee | 1 | $0 |
Leigh Devier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,462 |
| Noncash contributions included in lines 1a–1f | $13,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,268 |
| Total Program Service Revenue | $429,416 |
| Investment income | $13,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,036 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,871 |
| 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. | $59,702 |
| Compensation of current officers, directors, key employees. | $8,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,856 |
| Pension plan accruals and contributions | $4,494 |
| Other employee benefits | $10,038 |
| Payroll taxes | $8,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,227 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,658 |
| Fees for services: Other | $4,321 |
| Advertising and promotion | $81,409 |
| Office expenses | $1,148 |
| Information technology | $1,350 |
| Royalties | $0 |
| Occupancy | $17,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,132 |
| Interest | $4,159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,666 |
| Insurance | $8,167 |
| All other expenses | $7,883 |
| Total functional expenses | $606,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,886 |
| Savings and temporary cash investments | $26,628 |
| Pledges and grants receivable | $500,000 |
| 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 |
| Net Land, buildings, and equipment | $470,216 |
| Investments—publicly traded securities | $332,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,913,675 |
| Accounts payable and accrued expenses | $4,407 |
| Grants payable | $0 |
| Deferred revenue | $6,656 |
| 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 | $151,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $162,772 |
| Net assets without donor restrictions | $750,903 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $1,913,675 |