Music Arts Inc
- Assets
- $7.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Ridge, TN
- Founding
- 08/2001
- Data as of
- 12/2017
- EIN
- 62-1841925
Organization Overview
Music Arts Inc is located in Oak Ridge, TN. The organization was established in 2001. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, 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. Music Arts 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 12/2017, Music Arts Inc generated $40.9k 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 (11.5%) each year. All expenses for the organization totaled $41.9k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (9.9%) 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
2017
Describe the Organization's Program Activity:
Part 3
MUSIC INSTRUCTIONAL PROGRAM THAT MATCHES STUDENTS WITH INSTRUCTORS IN THEIR AREA OF INTEREST
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Foertter President | 3 | $0 | |
Rudolph Nemeth Vice President | 2 | $0 | |
Robert Alfonso Treasurer | 5 | $0 | |
Cathy Gooden Board Member | 2 | $0 | |
Heidi Van Booraem Board Member | 2 | $0 | |
Dave Eckman Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,320 |
| Total Program Service Revenue | $38,399 |
| Membership dues | $0 |
| Investment income | $171 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,890 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $33,664 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $102 |
| Other expenses | $5,724 |
| Total expenses | $41,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,561 |
| Other assets | $0 |
| Total assets | $7,561 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association For Music Education Reston, VA | $9,057,318 | $6,884,178 |
Brevard Music Center Incorporated Brevard, NC | $69,609,976 | $12,354,771 |
United States Eventing Association Leesburg, VA | $3,606,586 | $4,712,475 |
School Of The Performing Arts In The Richmond Community Sparc Richmond, VA | $4,988,298 | $2,911,343 |
Vagabond School Of The Drama Inc Flat Rock, NC | $5,199,970 | $3,956,407 |
American String Teachers Association Incorporated Fairfax, VA | $1,824,284 | $1,512,044 |
Heifetz International Music Institute Inc Staunton, VA | $536,696 | $1,780,872 |
Kentucky Music Educators Assn Inc Richmond, KY | $990,506 | $1,002,541 |
Dayspring School Of The Arts Maryland Heights, MO | $2,572,227 | $1,177,461 |
North Carolina Music Educators Association Raleigh, NC | $1,025,143 | $732,789 |
Music Academy Of North Carolina Inc Greeensboro, NC | $582,444 | $637,956 |
Arts Together Inc Raleigh, NC | $461,763 | $543,838 |