Rocky Mountain Songwriter Festivals Inc
- Assets
- $96.1k
- Revenue
- $365.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Red Lodge, MT
- Founding
- 12/2016
- Data as of
- 12/2023
- 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 12/2023, Rocky Mountain Songwriter Festivals Inc generated $365.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $350.9k during the year ending 12/2023. While expenses have increased by 35.5% per year over the past 7 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
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 AND SUPPORTING LOCAL SCHOOL MUSIC PROGRAMS WITH GRANTS.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
HOST AN EVENT THAT BRINGS SEVENTY SONGWRITERS TO OUR HOST COMMUNITIES TO PERFORM FOR OUR FANS, PLAYING THEIR SONGS AND TELLING THE STORIES BEHIND THEM. PROFESSIONAL SONGWRITERS HOST WORKSHOPS AND JUDGE CONTESTS FOR ASPIRING SONGWRITERS AND INTERESTED SPECTATORS. IN 2023 SEVENTY SONGWRITERS PERFORMED TO OVER 6,000 PEOPLE.
PROVIDE FINANCIAL ASSISTANCE THROUGH GRANTS TO VARIOUS EDUCATIONAL INSTITUTIONSOR PROGRAMS SUPPORTING MUSIC OR FINE RTS EDUCATION. IN 2023, SIX GRANTS WERE PAID AMOUNTING TO $ . THESE GRANTS FUNDED MUSIC EDUCATION PROGRAMS AND PURCHASES OF MUSICAL INSTRUMENTS. IMPACT OF GRANTS PROVIDED ASSISTANCE AND OPPORTUNITIES TO APPROXIMATELY 500 STUDENTS.
PROVIDE MUSIC AND FINE ARTS EDUCATIONAL SCHOLARSHIPS. IN 2023, FOURTEEN STUDENTS WERE GRANTED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Lord Director | Trustee | 1 | $0 |
Jayne Lawrence Sec/treasurer | Trustee | 2 | $0 |
Mike Booth Director | Trustee | 2 | $0 |
James Dean Hicks Director | Trustee | 1 | $0 |
Tera Reynolds Vice President | Trustee | 1 | $0 |
Cari K Klepper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,811 |
| Total Program Service Revenue | $127,043 |
| 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 | $33,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,250 |
| Grants and other assistance to domestic individuals. | $10,808 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $9,000 |
| 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 | $525 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179 |
| Advertising and promotion | $50,627 |
| Office expenses | $1,971 |
| Information technology | $4,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,933 |
| 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 | $2,950 |
| All other expenses | $30,227 |
| Total functional expenses | $350,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,407 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $300 |
| Prepaid expenses and deferred charges | $3,104 |
| 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 | $96,061 |
| Accounts payable and accrued expenses | $680 |
| 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 | $37,731 |
| Total liabilities | $38,411 |
| Net assets without donor restrictions | $57,650 |
| 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 | $96,061 |
Grants Awarded
Over the last fiscal year, Rocky Mountain Songwriter Festivals Inc has awarded $32,915 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEETEETSE SCHOOLS PURPOSE: MUSIC EDUCATION | $5,215 |
RED LODGE COMMUNITY FOUNDATIO PURPOSE: FLOOD RELIEF | $27,700 |