Folsom Band Boosters
- Assets
- $14.1k
- Revenue
- $333.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Folsom, CA
- Founding
- 10/1992
- Data as of
- 05/2023
- EIN
- 68-0195729
Organization Overview
Folsom Band Boosters is located in Folsom, CA. The organization was established in 1992. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Folsom Band Boosters 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 05/2023, Folsom Band Boosters generated $333.3k 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 (3.3%) each year. All expenses for the organization totaled $337.5k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS PROMOTING EXCELLENCE THROUGH MUSIC EDUCATION. THIS MISSION IS REALIZED THROUGH THE EFFORTS AND TALENTS OF A DEDICATED TEAM OF VOLUNTEERS AND COMMUNITY SUPPORT OFFERING MUSIC PROGRAMS TO THE YOUTH OF FOLSOM CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC PROGRAMS ARE OFFERED TO STUDENTS OF FOLSOM HIGH SCHOOL, FOLSOM MIDDLE SCHOOL AND FOLSOM ELEMENTARY SCHOOLS. THE MUSIC PROGRAM INCLUDES JAZZ BAND, MARCHING BAND, ORCHESTRA AND SYMPHONIC PROGRAMS. MORE THAN 500 CHILDREN PARTICIPATE IN THE MUSIC PROGRAM AND ARE LEAD BY MANY PARENT VOLUNTEERS.
OTHER SUPPORTIVE PROGRAMS INCLUDE SALES OF RELATED MUSIC PROMOTIONAL GOODSAND SERVICES ALL TO SUPPORT THE ORGANIZATION MISSION. MONEYS RAISED FROMTHESE PROGRAMS SUPPORT THE FUNDING OF INSTRUMENTS, MUSIC AND EDUCATIONALOPPORTUNITIES.
MUSIC FESTIVALS SHOWCASE THE SUCCESS OF THE PROGRAM TO THE PUBLIC. THE STUDENTS ENROLLED IN THE PROGRAM HAVE THE OPPORTUNITY TO PERFORM TO THE PUBLIC ON A STAGE TO ENHANCE SELF-ESTEEM. THE MONEY RAISED FOR THIS PROGRAM HELP OFFSET THE EXPENSE FOR EQUIPMENT, MUSIC AND INSTRUCTOR FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tovi Abello Director | Trustee | 10 | $0 |
Jon Augustine Director | Trustee | 10 | $0 |
Laura Shultz Director | Trustee | 10 | $0 |
Annie Sick Director | Trustee | 10 | $0 |
Ranu Bhatt Secretary | Officer | 10 | $0 |
Julie Lindsay President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $333,273 |
| 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 | $333,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $101,907 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,320 |
| Office expenses | $1,437 |
| Information technology | $1,921 |
| Royalties | $0 |
| Occupancy | $21,486 |
| Travel | $61,696 |
| 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 | $1,821 |
| Insurance | $3,750 |
| All other expenses | $65,862 |
| Total functional expenses | $337,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,105 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,950 |
| 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 | $10,950 |
| Net assets without donor restrictions | $0 |
| 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 | $3,155 |
| Total liabilities and net assets/fund balances | $14,105 |