Musical Bridges Around The World Inc
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- San Antonio, TX
- Founding
- 11/1999
- Data as of
- 08/2023
- EIN
- 74-2891493
Organization Overview
Musical Bridges Around The World Inc is located in San Antonio, TX. The organization was established in 1999. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Musical Bridges Around The World Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musical Bridges Around The World 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 08/2023, Musical Bridges Around The World Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 8.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
FOCUSES ON CREATING ONE-OF-A-KIND CLASSICAL, JAZZ AND ETHNIC FOLK MUSICIANS FOR THE BENEFIT OF THE PUBLIC AND AT-RISK YOUTH, WHILE FOSTERING SAN ANTONIOS REPUTATION AS A COSMOPOLITAN CULTURAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CELEBRATED 25TH ANNIVERSARY DURING THE CONCERT SEASON 22-23 THRU OUR REGULAR PROGRAMING AND SPECIAL EVENTSMUSICAL EVENINGS AT SAN FERNANDO CATHEDRAL PRESENTED 5 CONCERTS TO THE STANDING ROOM ONLY AUDIENCES. 2500 PEOPLE TOTALUNITYFEST TOOK PLACE FEBRUARY 2-5 IN VARIETY OF VENUES WITH GRAND FINAL AT THE TOBIN CENTER FOR THE PERFORMING ARTS FEATURING KOREAN SYMPHONY ORCHESTRA FROM GWANGJUE AND SILVER MEDALIST OF THE GURWITZ 2020 YEDAM KIM. FESTIVAL WAS ATTENDED BY 2000 PEOPLE.WORLD PREMIERE OF THE ORIGINAL DOCUMENTARY THE QUILT, LEAVING HISTORY OF AMERICAN MUSIC TOOK PLACE IN JULY AT THE CARVER CULTURAL CENTER, 600 PEOPLE ATTENDED THIS EVENT.COMMUNITY OUTREACH PROGRAMS MUSICAL SPORTS DELIVERED PROGRAMING, CURRICULUM AND LIVE PERFORMANCES TO 125 SCHOOLS IN SAN ANTONIO AREA REACHING OVER 10,000 KIDS. NEW PARTNERSHIP WAS ESTABLISHED WITH THE SAMMMINISTIES. GOLDEN AGE PRESENTED 35 LIVE CONCERTS FOR SENIORS IN MULTIPLE RETIREMENT COMMUNITIES AND SENIOR CENTERS REACHING 658 SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anya Grokhovski Artistic Director And CEO | OfficerTrustee | 40 | $104,333 |
Awilda Ramos MD Director | Trustee | 2 | $0 |
Amanda Dominguez Director | Trustee | 2 | $0 |
Susan C Franklin Director | Trustee | 2 | $0 |
Adriana L Flores Secretary | OfficerTrustee | 2 | $0 |
Kristina Zhao Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,579 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $394,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,148,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,641,080 |
| Total Program Service Revenue | $0 |
| Investment income | $21,610 |
| 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 | $10,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,679,451 |
| 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. | $104,333 |
| Compensation of current officers, directors, key employees. | $10,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,998 |
| Payroll taxes | $39,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,718 |
| Fees for services: Accounting | $25,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,735 |
| Office expenses | $10,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,300 |
| Travel | $44,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,909 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,094 |
| Insurance | $10,476 |
| All other expenses | $349,002 |
| Total functional expenses | $1,273,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,565 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $175,000 |
| 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 | $54,471 |
| Net Land, buildings, and equipment | $42,988 |
| Investments—publicly traded securities | $975,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,765,431 |
| Accounts payable and accrued expenses | $14,813 |
| 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 | $14,813 |
| Net assets without donor restrictions | $1,274,851 |
| Net assets with donor restrictions | $475,767 |
| 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 | $1,765,431 |