Rocky Mountain Songwriter Festivals Inc
- Assets
- $60.5k
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Red Lodge, MT
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-4771929
Organization Overview
Rocky Mountain Songwriter Festivals Inc is located in Red Lodge, MT. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Songwriter Festivals 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, Rocky Mountain Songwriter Festivals Inc generated $262.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $239.5k during the year ending 12/2021. While expenses have increased by 41.8% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR PEOPLE TO LEARN, GROW AND HEAL THROUGH MUSIC AND SONGWRITING. THESE POPULATIONS INCLUDE INDIVIDUALS PURSUING A CAREER IN MUSIC THROUGH EDUCATIONAL SCHOLARSHIPS, SUPPORTING LOCAL SCHOOL MUSIC PROGRAMS WITH GRANTS, AND ASSISTING THE RECOVERY OF WOUNDED SERVICE MEMBERS DURING THEIR RECOVERY.THE ROCKY MOUNTAIN SONGWRITER FESTIVALS PROGRAMS ARE THE PRODUCTION OF SONGWRITER FESTIVALS FOR THE PURPOSE OF PROMOTING THE ART OF SONGWRITING, TOURISM IN OUR HOST COMMUNITIES, AND SUPPORT MUSIC EDUCATION IN OUR PUBLIC SCHOOLS AND UNIVERSITIES. THE PROGRAMS INCLUDE SONG WRITING CONTESTS, PUBLIC PERFORMANCES, AND CLASSES FOR ASPIRING SONGWRITERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN EVENT THAT PROVIDES SUCCESFULL SONGWRITERS AS HOSTS FOR MUSICAL PERFORMANCE; DISCUSSION OF HOW SONGS WERE WRITTEN; AND INFORMATION ON HOW OR WHYSONGS BECAME FAMOUS. PROFESSIONAL SONGWRITERS PROVIDED WORKSHOPS AND CONTESTS FOR ASPIRING SONG WRITERS AND INTERESTED PERSONS. IN 2021, 17 PROFESSIONAL SONGWRITERS HOSTED OVER 750 PERSONS.
PROVIDE FINANCIAL ASSISTANCE THROUGH GRANTS TO VARIOUS EDUCATIONAL INSTITUTIONSOR PROGRAMS IN SUPPORT OF MUSIC EDUCATION. IN 2021, SIX GRANTS WERE PAID AMOUNTING TO 15,000. THESE GRANTS FUNDED SCHOLARSHIPS, INSTRUMENT PURCHASES, AND MUSIC PROGRAMS. IMPACT OF GRANTS PROVIDED ASSISTANCE AND OPPORTUNITIES TO APPROXIMATELY 300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Booth President | Trustee | 20 | $18,000 |
Jayne Lawrence Sec/treasurer | Trustee | 2 | $0 |
Teresa Muhic Director | Trustee | 1 | $0 |
Tera Reynolds Vice President | Trustee | 1 | $0 |
James Dean Hicks Director | Trustee | 1 | $0 |
Carol Kirby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,496 |
| Total Program Service Revenue | $76,526 |
| 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 | $12,915 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $18,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,778 |
| Office expenses | $2,957 |
| Information technology | $1,025 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,757 |
| All other expenses | $28,393 |
| Total functional expenses | $239,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,083 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200 |
| Prepaid expenses and deferred charges | $3,590 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,452 |
| Accounts payable and accrued expenses | $839 |
| 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 | $22,961 |
| Total liabilities | $23,800 |
| Net assets without donor restrictions | $36,652 |
| 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 | $60,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rocky Mountain Songwriter Festivals Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Red Lodge Festival Of Nations Inc Red Lodge, MT PURPOSE: TO FURTHER RECEIVING ORGANIZATION'S EXEMPT PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand Teton Music Festival Inc Jackson, WY | $21,966,338 | $8,778,128 |
Music Conservatory Of Sandpoint Inc Sandpoint, ID | $1,006,215 | $718,046 |
Rocky Mountain Songwriter Festivals Inc Red Lodge, MT | $60,452 | $262,480 |
Huron Hockey Association Inc Huron, SD | $734,788 | $159,073 |
Harmony South Dakota Sioux Falls, SD | $176,683 | $211,453 |
Original Oystergrass Inc Kemmerer, WY | $127,842 | $0 |
Idaho Music Educators Association Inc Aberdeen, ID | $189,755 | $199,873 |
John B And Dorothy D Duncan Concerts For For Music In The Park Foundation Billings, MT | $0 | $22,052 |
Boise Music Week Boise, ID | $327,371 | $0 |
Off The Charts Music Festival Cavalier, ND | $13,232 | $0 |
North Dakota Music Educators Association Bismarck, ND | $60,870 | $0 |
Black Hills Studios Of The Arts Rapid City, SD | $1,812 | $0 |