Down By Downtown Music Inc
- Assets
- $18.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-2334271
Organization Overview
Down By Downtown Music Inc is located in Roanoke, VA. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Down By Downtown Music 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 12/2021, Down By Downtown Music Inc generated $68.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $74.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE MUSIC AND ENTERTAINMENT IN A SMALL VENUE TO LOCAL TALENT. GIVING THEM A STAGE TO PERFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Bryan CEO | 2 | $0 | |
Charles Neely Treasurer | 1 | $0 | |
Chris Brown Executive Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,709 |
| Total Program Service Revenue | $24,193 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,800 |
| Total Revenue | $68,702 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $50 |
| Salaries, other compensation, and employee benefits | $22,581 |
| Professional fees and other payments to independent contractors | $10,866 |
| Occupancy, rent, utilities, and maintenance | $32,734 |
| Printing, publications, postage, and shipping | $1,127 |
| Other expenses | $6,836 |
| Total expenses | $74,194 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,655 |
| Other assets | $0 |
| Total assets | $18,469 |
| Total liabilities | $213 |
| Net assets or fund balances | $18,256 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Down By Downtown Music Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Carilion Medical Center Roanoke, VA PURPOSE: General support | $5,000 |
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Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
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