Shenandoah Valley Music Festival
- Assets
- $977.2k
- Revenue
- $881.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Woodstock, VA
- Founding
- 04/1969
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Shenandoah Valley Music Festival generated $881.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $585.3k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis M Lynch President | Officer | 40 | $59,702 |
Leigh Devier Chairman | OfficerTrustee | 1 | $0 |
Greg Hoover Treasurer | OfficerTrustee | 1 | $0 |
Joan Anderson Vice Chair | OfficerTrustee | 1 | $0 |
Susie Hill Secretary | OfficerTrustee | 1 | $0 |
Chris Beach Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,830 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,675 |
| Noncash contributions included in lines 1a–1f | $15,451 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $479,009 |
| Total Program Service Revenue | $383,461 |
| Investment income | $4,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $881,010 |
| 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 | $59,100 |
| Pension plan accruals and contributions | $4,151 |
| Other employee benefits | $12,024 |
| Payroll taxes | $9,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $903 |
| Fees for services: Other | $3,168 |
| Advertising and promotion | $71,872 |
| Office expenses | $3,952 |
| Information technology | $1,047 |
| Royalties | $0 |
| Occupancy | $2,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $730 |
| Interest | $4,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,666 |
| Insurance | $6,425 |
| All other expenses | $7,183 |
| Total functional expenses | $585,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,922 |
| Savings and temporary cash investments | $10,920 |
| 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 |
| Net Land, buildings, and equipment | $256,151 |
| Investments—publicly traded securities | $191,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $977,175 |
| Accounts payable and accrued expenses | $3,129 |
| Grants payable | $0 |
| Deferred revenue | $5,554 |
| 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 | $156,205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $164,888 |
| Net assets without donor restrictions | $812,287 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $977,175 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shenandoah Valley Music Festival has recieved totaling $506,000.
| Awarding Organization | Amount |
|---|---|
Shenandoah Community Foundation Inc Strasburg, VA PURPOSE: MUSIC PROGRAMS AND PERFORMANCE ARTS CENTER | $506,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Capital Concerts Inc Washington, DC | $5,908,234 | $11,646,682 |
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 |