Market Street Music Corporation
- Assets
- $95.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2009
- Data as of
- 08/2023
- EIN
- 80-0196658
Organization Overview
Market Street Music Corporation is located in Wilmington, DE. The organization was established in 2009. 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. Market Street Music Corporation 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, Market Street Music Corporation generated $67.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $84.9k during the year ending 08/2023. 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
MUSICAL EVENTS- PRODUCED 31 MUSICAL EVENTS 24 OF WHICH WERE MADE AVAILABLE AT NO COST. IN ALL, 1506 AUDIENCE MEMBERS WERE SERVED, MORE THAN 100 OF WHICH WERE STUDENTS AND MORE THAN 200 OF WHICH WERE SENIOR CITIZENS. COMPENSATED 358 ARTISTS FOR THEIR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schelat President And Musical Director | 15 | $0 | |
Prithi Gopal Secretary | 10 | $0 | |
Stephen Fugate Treasurer | 10 | $0 | |
Jordan Barrett Vice President | 10 | $0 | |
Noble Thompson Board Member | 5 | $0 | |
Elizabeth Higgenbotham Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,507 |
| Total Program Service Revenue | $10,147 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,654 |
| 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 | $64,429 |
| Occupancy, rent, utilities, and maintenance | $3,960 |
| Printing, publications, postage, and shipping | $3,790 |
| Other expenses | $12,728 |
| Total expenses | $84,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,374 |
| Other assets | $0 |
| Total assets | $95,374 |
| Total liabilities | $0 |
| Net assets or fund balances | $95,374 |