The Qualbe Institute For The Preservation Of Traditional Music
- Assets
- $187.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Christiansted, VI
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 66-0841779
Organization Overview
The Qualbe Institute For The Preservation Of Traditional Music is located in Christiansted, VI. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Qualbe Institute For The Preservation Of Traditional Music 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 12/2023, Qualbe Institute For The Preservation Of Traditional Music generated $6.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $8.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TO TAKE AN ACTIVE INTEREST IN, AND TO PROMOTE, THE SOCIAL, CIVIC, CULTURAL AND MORAL WELFARE OF THE VIRGIN ISLANDS COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Rames President | 0 | $0 | |
Janis Rames Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,024 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $463 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,487 |
| 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 | $3,200 |
| Occupancy, rent, utilities, and maintenance | $1,149 |
| Printing, publications, postage, and shipping | $263 |
| Other expenses | $4,071 |
| Total expenses | $8,683 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,912 |
| Other assets | $0 |
| Total assets | $187,665 |
| Total liabilities | $250 |
| Net assets or fund balances | $187,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cmcarts Inc Frederiksted, VI | $334,994 | $558,903 |
St John School Of The Arts Inc 108 Estate Enigned & Contant St John, VI | $3,309,617 | $362,486 |
Foundation For The Reichhold Center For The Arts St Thomas, VI | $13,561,185 | $559,933 |
Ten Sleepless Knights Inc St Croix, VI | $91,069 | $239,048 |
United Jazz Foundation St Thomas, VI | $3,985 | $166,535 |
St John Singers Inc St John, VI | $16,265 | $145,695 |
Rtpark Community Impact Fund Inc Kingshill, VI | $4,866,011 | $5,021,005 |