Texas Heritage Music Foundation Inc
- Assets
- $49.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, TX
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 74-2495227
Organization Overview
Texas Heritage Music Foundation Inc is located in Fredericksburg, TX. 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. Texas Heritage Music Foundation 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, Texas Heritage Music Foundation Inc generated $76.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $78.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION/EDUCATION OF TEXAS MUSIC
Describe the Organization's Program Activity:
Part 3
PROMOTION AND EDUCATION OF HISTORIAL SIGNIFICANCE OF TEXAS MUSIC AS A HERITAGE TO BE PASSED ON TO FUTURE GENERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Crawford President Board Of Directors | 5 | $0 | |
Janice Ballard Secretary-Treasurer Board Of Diorectors | 30 | $0 | |
Connie Nelson Vice-President Board Of Directorsw | 5 | $0 | |
Clifton Fifer Board Member | 10 | $0 | |
Paul Sumrall Board Member | 10 | $0 | |
Richard Jacome Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,606 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,998 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,604 |
| 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 | $60,750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $632 |
| Other expenses | $16,701 |
| Total expenses | $78,083 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,795 |
| Other assets | $0 |
| Total assets | $49,795 |
| Total liabilities | $45,946 |
| Net assets or fund balances | $3,849 |