Bandwith Music Ltd
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 11/2016
- Data as of
- 07/2022
- EIN
- 81-1304791
Organization Overview
Bandwith Music Ltd is located in Chicago, IL. The organization was established in 2016. 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 07/2022, Bandwith Music Ltd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bandwith Music Ltd 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 07/2022, Bandwith Music Ltd generated $1.5m in total revenue. All expenses for the organization totaled $329.2k during the year ending 07/2022. While expenses have increased by 53.5% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BANDWITH MUSIC WORKS TO PROMOTE WELLNESS WITHIN UNDERSERVED CHICAGO COMMUNITIES BY PROVIDING LASTING ACCESS TO EXCEPTIONAL PERFORMING ARTS INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FREE DANCE, DRUMLINE, SOUND ENGINEERING, INSTRUMENTAL AND CHORAL ENSEMBLE PROGRAMS TO THE LOCAL COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Tobin Executive Director | Officer | 40 | $76,721 |
Bernetta Smith Chair | OfficerTrustee | 1 | $0 |
Kathryn Tuten Vice President | OfficerTrustee | 1 | $0 |
Javier Ayala Treasurer | OfficerTrustee | 1 | $0 |
Darrah Griffin Trustee | Trustee | 1 | $0 |
Rich Goode Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,178 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,360,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,412,598 |
| Total Program Service Revenue | $43,388 |
| 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 | -$8,518 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,468 |
| 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. | $80,672 |
| Compensation of current officers, directors, key employees. | $80,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,190 |
| Fees for services: Accounting | $780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,981 |
| Advertising and promotion | $4,325 |
| Office expenses | $8,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,769 |
| All other expenses | $0 |
| Total functional expenses | $329,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,710 |
| 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 | $5,425 |
| Net Land, buildings, and equipment | $2,049,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,474,135 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,275,000 |
| Unsecured mortgages and notes payable | $45,000 |
| Other liabilities | $0 |
| Total liabilities | $1,320,000 |
| Net assets without donor restrictions | $1,154,135 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,474,135 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bandwith Music Ltd has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |