Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer
- Assets
- $209.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/1946
- Data as of
- 12/2018
- EIN
- 61-6038778
Organization Overview
Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer, operating under the name Thoroughbred Chorus, is located in Louisville, KY. The organization was established in 1946. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Thoroughbred Chorus 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 12/2018, Thoroughbred Chorus generated $57.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (26.7%) per year over the past 3 years. 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
2018
Describe the Organization's Program Activity:
Part 3
ANNUAL CHRISTMAS SHOW
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Wasser Treasurer | 5 | $0 | |
John Frantsvog Secretary | 5 | $0 | |
Christopher Owen President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,998 |
| Total Program Service Revenue | $15,385 |
| Membership dues | $2,975 |
| Investment income | $32,048 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,246 |
| Other Revenue | $0 |
| Total Revenue | $57,652 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,939 |
| Professional fees and other payments to independent contractors | $5,131 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,614 |
| Total expenses | $35,684 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,920 |
| Other assets | $0 |
| Total assets | $209,294 |
| Total liabilities | $0 |
| Net assets or fund balances | $209,294 |