Academy Of Strings
- Assets
- $32.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 12/1998
- Data as of
- 06/2022
- EIN
- 62-1733110
Organization Overview
Academy Of Strings is located in Johnson City, TN. The organization was established in 1998. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Academy Of Strings 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, Academy Of Strings generated $164.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $172.7k during the year ending 06/2022. While expenses have increased by 5.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MORE THAN 70 STUDENTS ARE ENROLLED TO RECEIVE INSTRUCTION ON STRINGED MUSICAL INSTRUMENTS. MUSIC APPRECIATION AND SKILL ARE DEVELOPED THROUGH INDIVIDUAL AND GROUP LESSONS, WORKSHOPS, AND PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Barrett Chairman/instructor | 50 | $81,800 | |
Kimberly Barrett Secretary/instructor | 40 | $57,250 | |
Linda Dyer Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,319 |
| Total Program Service Revenue | $134,170 |
| Membership dues | $5,510 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,083 |
| Total Revenue | $164,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $153,689 |
| Professional fees and other payments to independent contractors | $3,880 |
| Occupancy, rent, utilities, and maintenance | $546 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $13,142 |
| Total expenses | $172,698 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,422 |
| Other assets | $0 |
| Total assets | $32,897 |
| Total liabilities | $148 |
| Net assets or fund balances | $32,749 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academy Of Strings has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
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Fort Smith Art Center Inc Fort Smith, AR | $4,977,849 | $1,507,880 |
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