Percussive Arts Society Inc
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Indianapolis, IN
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 73-1385753
Organization Overview
Percussive Arts Society Inc is located in Indianapolis, IN. The organization was established in 1996. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Percussive Arts Society Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Percussive Arts Society 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 12/2022, Percussive Arts Society Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
TO INSPIRE, EDUCATE, AND SUPPORT PERCUSSIONISTS AND DRUMMERS THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERCUSSIVE ARTS SOCIETY, INC (PAS) SERVES A SUBSCRIBER BASE OF MORE THAN 5,000 INDIVIDUALS, PUBLISHING A PROFESSIONAL JOURNAL, PERCUSSIVE NOTES, 5 TIMES PER YEAR, AND AN ELECTRONIC MAGAZINE, RHYTHM SCENE, 6 TIMES PER YEAR. PAS ALSO HAS AN EXTENSIVE ONLINE RESEARCH DATABASE WHICH VARIES IN AVAILABILITY TO SUBSCRIBERS, BASED ON THEIR LEVEL OF SUBSCRIPTION. PAS IS HOST TO THE WORLD'S LARGEST ANNUAL DRUM AND PERCUSSION CONVENTION, PERCUSSIVE ARTS SOCIETY INTERNATIONAL CONVENTION (PASIC), WHICH HAS ATTENDEES OF MORE THAN 5,000 EACH YEAR. RHYTHM DISCOVERY CENTER, A CREATIVE VISION OF PAS, IN DOWNTOWN INDIANAPOLIS, INDIANA, IS THE WORLD'S FOREMOST HANDS-ON DRUM AND PERCUSSION MUSEUM WITH MORE THAN 17,000 VISITORS ANNUALLY.
PAS HAS A MUSEUM OF RARE AND FINE PERCUSSION INSTRUMENTS AND A RESEARCH LIBRARY OF PERCUSSION SCORES, METHODS AND RECORDING FROM THROUGHOUT THE WORLD. ACCESS TO MEMBERS AND THE PUBLIC IS ALSO PROVIDED VIA THE INTERNET AT THE PAS WEBSITE. PAS PROVIDES SCHOLARSHIPS TO ITS CONVENTION AND FOR EDUCATIONAL PURPOSES TO FULL TIME STUDENTS PERSUING PERCUSSION EDUCATION. PAS ALSO GRANTS CASH AWARDS FOR CONTEST WINNERS OF PAS SPONSORED CONTESTS TO PROMOTE PERFORMANCE, AWARENESS AND TO DEVELOP PERFORMANCE LITERATURE FOR THE PERCUSSIVE ARTS.
PAS INTERNATIONAL CONVENTION IS THE LARGEST ANNUAL EDUCATION CONFERENCE FOR PERCUSSION STUDENTS AND EDUCATORS IN THE WORLD. IN 4 DAYS OVER 5,000 ATTENDESS SEE OVER 135 CLINICS, PRESENTATIONS AND CONCERTS PRESENTED BY LEADING ARTISTS AND TEACHERS.
MEMBERS SERVICES INCLUDE PROJECT GRANT SUPPORT FOR CHAPTER ACTIVITIES AND EVENTS TO PROMOTE PERCUSSION THROUGH FESTIVALS, CONTESTS AND SHARING OF INFORMATION. PAS HAS 48 CHAPTERS IN THE UNITED STATES AND 23 INTERNATIONAL CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Simonds Executive Di | Officer | 40 | $122,515 |
Julie Davila President | Officer | $0 | |
Michael Burritt Immediate Pa | Officer | $0 | |
Dr Thad Anderson President-El | Officer | $0 | |
Juels Thomas First Vice P | Officer | $0 | |
Dr Lamon Lawhorn Sec. Vice Pr | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $388,372 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,462 |
| Total Program Service Revenue | $908,812 |
| Investment income | $74,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,830,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,515 |
| Compensation of current officers, directors, key employees. | $49,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,106 |
| Pension plan accruals and contributions | $13,518 |
| Other employee benefits | $51,655 |
| Payroll taxes | $48,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,390 |
| Fees for services: Accounting | $13,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,609 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,087 |
| Office expenses | $43,776 |
| Information technology | $31,941 |
| Royalties | $0 |
| Occupancy | $206,492 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $532,014 |
| Interest | $11,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,240 |
| Insurance | $14,715 |
| All other expenses | $45,715 |
| Total functional expenses | $2,003,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $550,047 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,149 |
| 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 | $872,149 |
| Investments—publicly traded securities | $2,486,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,834 |
| Other assets | $803,949 |
| Total assets | $4,867,107 |
| Accounts payable and accrued expenses | $259,777 |
| Grants payable | $0 |
| Deferred revenue | $245,526 |
| 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 | $161,031 |
| Other liabilities | $858,905 |
| Total liabilities | $1,525,239 |
| Net assets without donor restrictions | $2,243,069 |
| Net assets with donor restrictions | $1,098,799 |
| 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 | $4,867,107 |