Friday Musicale Inc
- Assets
- $1.0m
- Revenue
- $260.0k
- Investments
- $198.3k
- Employees
- 5
- Location
- Jacksonville, FL
- Founding
- 04/1944
- Data as of
- 09/2021
- EIN
- 59-0766981
Organization Overview
Friday Musicale Inc is located in Jacksonville, FL. The organization was established in 1944. 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 09/2021, Friday Musicale Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friday Musicale 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 09/2021, Friday Musicale Inc generated $260.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $352.8k during the year ending 09/2021. While expenses have increased by 11.6% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING CULTURAL ENRICHMENT TO THE COMMUNITY THROUGH MUSICAL EVENTS AND CONCERTS. FOR THE YEAR ENDED 9/30/2021 APPROXIMATELY 3650 INDIVIDUALS WERE PROVIDED CONCERT PERFORMANCE THROUGH ITS FREE ANNUAL CONCERT SERIES. ADDITIONALLY, APPROXIMATELY 5400 PEOPLE WERE SERVED VIA THE ORGANIZATION'S STUDENT RECITALS AND OTHER EDUCATIONAL OUTREACH EVENTS.
PROVIDING SCHOLARSHIPS TO INSTRUMENTAL AND VOCAL STUDENTS PURSUING DEGREES IN MUSIC. FOR THE YEAR ENDED 9/30/2020, THE ORGANIZATION PROVIDED SCHOLARSHIPS TO 5 STUDENTS.
PROMOTING CULTURAL ENRICHMENT TO THE COMMUNITY THROUGH MUSICAL EVENTS AND CONCERTS. FOR THE YEAR ENDED 9/30/2021 APPROXIMATELY 3650 INDIVIDUALS WERE PROVIDED CONCERT PERFORMANCE THROUGH ITS FREE ANNUAL CONCERT SERIES. ADDITIONALLY, APPROXIMATELY 5400 PEOPLE WERE SERVED VIA THE ORGANIZATION'S STUDENT RECITALS AND OTHER EDUCATIONAL OUTREACH EVENTS.
PROVIDING SCHOLARSHIPS TO INSTRUMENTAL AND VOCAL STUDENTS PURSUING DEGREES IN MUSIC. FOR THE YEAR ENDED 9/30/2020, THE ORGANIZATION PROVIDED SCHOLARSHIPS TO 5 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Becher Director | 0 | $0 | |
Brenda Dirkse Treasurer | 0 | $0 | |
Stacey Miles Director | 0 | $0 | |
Michael Currie Chair | 0 | $0 | |
Bill Prince Director | 0 | $0 | |
William Roelke Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,907 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,091 |
| Net Rental Income | $117,323 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82,631 |
| Total Revenue | $259,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $64,888 |
| Pension plans, employee benefits | $0 |
| Interest | $380 |
| Taxes | $0 |
| Depreciation | $32,642 |
| Occupancy | $37,142 |
| Travel, conferences, and meetings | $1,088 |
| Printing and publications | $0 |
| Other expenses | $70,444 |
| Total operating and administrative expenses | $338,328 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $352,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,419 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $21,314 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $115,535 |
| Net Land, buildings, and equipment | $812,946 |
| Other assets | $250 |
| Total assets | $1,041,253 |
| Accounts payable and accrued expenses | $144,466 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $72,319 |
| Total liabilities | $216,785 |
Grants Awarded
Over the last fiscal year, Friday Musicale Inc has awarded $29,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MEGAN WOJTYLA PURPOSE: MUSICAL SCHOLARSHIP | $8,000 |
MEGAN WOJTYLA PURPOSE: MUSICAL SCHOLARSHIP | $8,000 |
ALEX MCGUIRE PURPOSE: MUSICAL SCHOLARSHIP | $4,000 |
ALEX MCGUIRE PURPOSE: MUSICAL SCHOLARSHIP | $4,000 |
AMY LAO PURPOSE: MUSICAL SCHOLARSHIP | $2,500 |
AMY LAO PURPOSE: MUSICAL SCHOLARSHIP | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friday Musicale Inc has recieved totaling $33,062.
| Awarding Organization | Amount |
|---|---|
Cultural Council Of Greater Jacksonville Inc Jacksonville, FL PURPOSE: OPERATING GRANT | $33,062 |
Endowment Analysis
| Beg. Balance | $556,259 |
| Earnings | $7,218 |
| Net Contributions | $6,212 |
| Other Expense | $39,939 |
| Grants | $26,750 |
| Ending Balance | $503,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |