The Raleigh Ringers Inc
- Assets
- $673.5k
- Revenue
- $267.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 58-1888248
Organization Overview
The Raleigh Ringers Inc is located in Raleigh, NC. The organization was established in 1990. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Raleigh Ringers Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Ringers 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 12/2022, Raleigh Ringers Inc generated $267.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $295.6k during the year ending 12/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RALEIGH RINGERS, INC PROMOTES THE ART OF HANDBELL RINGING BY: PRESENTING ENTERTAINING PERFORMANCES OF ADVANCED HANDBELL MUSIC TO THE WIDEST POSSIBLE AUDIENCE; COMMISSIONING COMPOSERS TO CREATE WORKS FOR ADVANCED HANDBELL CHOIRS; SUPPORTING AND ENCOURAGING FELLOW HANDBELL MUSICIANS; AND OFFERING EDUCATIONAL OPPORTUNITIES THROUGH CLASSES AND EVENT SPONSORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES, FESTIVALS, WORKSHOPS AND CLASSES TO PROMOTE THE ART OF HANDBELL RINGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Harris Music Direct | OfficerTrustee | 20 | $34,500 |
Ruth Stevens Business Man | OfficerTrustee | 20 | $19,667 |
Ruth Brown Treasurer | OfficerTrustee | 1 | $0 |
Jay Carter Community Me | Trustee | 1 | $0 |
Philip Cress Community Me | Trustee | 1 | $0 |
Ellen Daniels President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,729 |
| Noncash contributions included in lines 1a–1f | $540 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,384 |
| Total Program Service Revenue | $147,545 |
| Investment income | $6,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,668 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,692 |
| 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. | $54,167 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,167 |
| Pension plan accruals and contributions | $583 |
| Other employee benefits | $0 |
| Payroll taxes | $4,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,968 |
| Fees for services: Other | $699 |
| Advertising and promotion | $14,754 |
| Office expenses | $58,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,223 |
| Travel | $22,315 |
| 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 | $17,954 |
| Insurance | $5,460 |
| All other expenses | $21,871 |
| Total functional expenses | $295,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,941 |
| Savings and temporary cash investments | $108,030 |
| Pledges and grants receivable | $1,164 |
| Accounts receivable, net | $23,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,148 |
| Prepaid expenses and deferred charges | $16,422 |
| Net Land, buildings, and equipment | $229,484 |
| Investments—publicly traded securities | $203,946 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $673,522 |
| Accounts payable and accrued expenses | $32,573 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $37,573 |
| Net assets without donor restrictions | $635,949 |
| 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 | $673,522 |