Friends Of Music Inc
- Assets
- $89.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shepherdstown, WV
- Founding
- 02/2001
- Data as of
- 06/2024
- EIN
- 55-0776489
Organization Overview
Friends Of Music Inc is located in Shepherdstown, WV. The organization was established in 2001. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of Music 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 06/2024, Friends Of Music Inc generated $137.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $115.8k during the year ending 06/2024. While expenses have increased by 7.6% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Miller Jones President | 30 | $0 | |
Piper Sutton Vice President | 20 | $0 | |
Barbara B Zingg Treasurer | 10 | $0 | |
Monica Bowen Secretary | 10 | $0 | |
Ralph Doty Board Member | 5 | $0 | |
Peter Smith Publicity Chairperson | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,625 |
| Total Program Service Revenue | $0 |
| Membership dues | $18,825 |
| Investment income | $1,277 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,520 |
| Other Revenue | $9,975 |
| Total Revenue | $137,222 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,110 |
| Professional fees and other payments to independent contractors | $64,716 |
| Occupancy, rent, utilities, and maintenance | $3,528 |
| Printing, publications, postage, and shipping | $10,759 |
| Other expenses | $5,588 |
| Total expenses | $115,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,597 |
| Other assets | $0 |
| Total assets | $89,597 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,597 |