La Musica Di Asolo Inc
- Assets
- $60.8k
- Revenue
- $211.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 01/1988
- Data as of
- 06/2022
- EIN
- 65-0005948
Organization Overview
La Musica Di Asolo Inc is located in Sarasota, FL. The organization was established in 1988. According to its NTEE Classification (A68) the organization is classified as: Music, 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. LA Musica Di Asolo 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 06/2022, LA Musica Di Asolo Inc generated $211.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $196.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
LA MUSICA'S MISSION IS TO BRING TOGETHER THE FINEST MUSICIANS TO PRESENT EXCITING PROGRAMS OF FAMILIAR AND SELDOM-HEARD CHAMBER MUSIC, COMMUNICATING A JOY IN PERFORMANCE TO ENTHUSIASTIC AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA MUSICA DI ASOLO PRESENTED FOUR CONCERTS AT THE SARASOTA OPERA HOUSE IN APRIL 2022 DEVISED BY ARTISTIC DIRECTOR BRUNO GIURANNA. IT INCLUDED NOTABLE PERFORMERS FROM ACROSS THE UNITED STATES. OPEN REHEARSALS WERE OFFERED, ALLOWING MUSIC LOVERS TO HEAR HOW PROFESSIONAL MUSICIANS PREPARE AND PUT TOGETHER A WORK FOR PERFORMANCE. IN ADDITION, PRE-CONCERT TALKS WERE GIVEN BY PERFORMERS TO GIVE LISTENERS GREATER INSIGHTS INTO THE UPCOMING PROGRAM. CHILDREN FROM THE SARASOTA SUZUKI SCHOOL AND STUDENTS FROM BOOKER HIGH SCHOOL PERFORMED BEFORE CONCERTS IN THE OPERA HOUSES COURTYARD AND ATTENDED THE CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Sussman Executive Dir. | Trustee | 30 | $22,000 |
Bruce Lehman President | OfficerTrustee | 1 | $0 |
Sam Schackow Vice President | OfficerTrustee | 3 | $0 |
Waddy Thompson Treasurer | OfficerTrustee | 3 | $0 |
Renee Hamad Secretary | OfficerTrustee | 1 | $0 |
Sally Faron President Emer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,259 |
| Total Program Service Revenue | $49,355 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,614 |
| 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. | $22,000 |
| Compensation of current officers, directors, key employees. | $6,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,353 |
| Advertising and promotion | $21,428 |
| Office expenses | $45 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,854 |
| 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 | $0 |
| Insurance | $1,256 |
| All other expenses | $17,720 |
| Total functional expenses | $196,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $818 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,455 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $811 |
| Total assets | $60,844 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $60,844 |
| 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 | $60,844 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that La Musica Di Asolo Inc has recieved totaling $27,659.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $15,654 |
Appleby Foundation Sarasota, FL PURPOSE: GENERAL | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |