Greater Anderson Musical Arts Consortium
- Assets
- $162.6k
- Revenue
- $240.1k
- Investments
- $108.7k
- Employees
- 4
- Location
- Anderson, SC
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 57-0942964
Organization Overview
Greater Anderson Musical Arts Consortium is located in Anderson, SC. The organization was established in 1992. 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 06/2022, Greater Anderson Musical Arts Consortium employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Anderson Musical Arts Consortium 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 06/2022, Greater Anderson Musical Arts Consortium generated $240.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $183.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GAMAC IS AN ORGANIZATION COMMITTED TO THE VERY BEST IN COMMUNITY MUSICAL PERFORMING ARTS AND EDUCATION. FROM THE PROFESSIONAL ARTIST AND THE TALENTED AVOCATIONAL ARTIST, TO THE GIFTED AND TALENTED YOUTH OF OUR AREA, GAMAC SEEKS TO DEVELOP THEIR TALENT AND SHOWCASE THEM FOR THE PUBLIC. GAMAC'S CONCERT SERIES PROVIDES HIGH QUALITY CULTURAL EXPERIENCES FOR THE COMMUNITY AND A FORUM FOR EXCELLENCE FOR OUR PERFORMERS, ENRICHING THE QUALITY OF LIFE IN THE ANDERSON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER ANDERSON MUSICAL ARTS CONSORTIUM, INC. IS A NON-PROFIT, TAX EXEMPT, MUSICAL PERFORMING ARTS AND EDUCATIONAL ORGANIZATION SERVING THE ANDERSON, SC COMMUNITY AND THE SURROUNDING AREA. WITH A MISSION TO PROVIDE HIGH QUALITY CULTURAL EXPERIENCES THAT ENRICH THE QUALITY OF LIFE IN THE ANDERSON AREA, GAMAC IS A UNIQUE BLEND OF MUSIC PROFESSIONALS AND LOCAL VOLUNTEERS WHO STRIVE TO BRING A VITAL ARTISTIC AWARENESS AND SERVICE TO THE COMMUNITY. CONSISTING OF NINE CONSTITUENT ENSEMBLES, GAMAC PRESENTS THREE ANNUAL CONCERT SERIES: MASTERWORKS, ANDERSON SYMPHONY ORCHESTRA AND THE YOUTH SERIES. GOVERNED BY A BOARD OF DIRECTORS, GAMAC RELIES ON ANNUAL FUNDING FROM INDIVIDUALS, CORPORATIONS, LOCAL BUSINESSES AND TICKET SALES TO FUND ITS OPERATING EXPENSES. ADDITIONAL FUNDING FROM PRIVATE FOUNDATIONS, LOCAL AND STATE GRANTS ALSO FUND A PORTION OF EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Gencarelli Executive Director | Officer | 40 | $52,250 |
Joe Argo Treasurer | OfficerTrustee | 0.5 | $0 |
Tom Hinchman President | OfficerTrustee | 0.5 | $0 |
Elaine Stoll Board Member | Trustee | 0.5 | $0 |
Robert Rainey Board Member | Trustee | 0.5 | $0 |
Jenna Galyean Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,045 |
| Total Program Service Revenue | $35,140 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,082 |
| 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. | $52,251 |
| Compensation of current officers, directors, key employees. | $7,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $811 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,020 |
| Office expenses | $17,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,847 |
| Travel | $1,608 |
| 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 | $0 |
| All other expenses | $3,403 |
| Total functional expenses | $183,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,813 |
| Savings and temporary cash investments | $40,055 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $108,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,560 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,548 |
| 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 | $2,070 |
| Total liabilities | $7,618 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $154,942 |
| Total liabilities and net assets/fund balances | $162,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Anderson Musical Arts Consortium has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $39,484 |
| Earnings | -$11,010 |
| Admin Expense | $811 |
| Net Contributions | $81,030 |
| Ending Balance | $108,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |
Charleston Jazz North Charleston, SC | $510,397 | $1,004,740 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Kidznotes Durham, NC | $613,615 | $610,805 |
Moravian Music Foundation Inc Winstonsalem, NC | $3,603,904 | $484,004 |
Bob Moog Memorial Foundation For Electronic Music Inc Asheville, NC | $669,399 | $807,531 |
Columbia City Jazz Dance Company And Scholl Columbia, SC | $1,020,212 | $503,153 |
Pianosforeducationorg Inc Atlanta, GA | $1,345,383 | $986,288 |
Highlands Chamber Music Festival Inc Highlands, NC | $1,258,253 | $538,430 |