Benning Academy Of Music Foundation
- Assets
- $32.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-5497519
Organization Overview
Benning Academy Of Music Foundation is located in Sherman Oaks, CA. The organization was established in 2018. 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. Benning Academy Of Music Foundation 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, Benning Academy Of Music Foundation generated $59.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.8% each year . All expenses for the organization totaled $40.2k during the year ending 12/2021. 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
RAISED FUNDS TO TEACH CHILDREN AND OPEN A SECOND SCHOOL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Benning CEO | 5 | $0 | |
Suzanne Prescott Secretary | 1 | $0 | |
Heinz Benning CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,627 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,627 |
| 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 | $345 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,871 |
| Total expenses | $40,216 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,084 |
| Other assets | $0 |
| Total assets | $32,265 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,265 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Benning Academy Of Music Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Shepard Broad Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Shepard Broad Foundation Inc Wilmington, DE PURPOSE: GENERAL PURPOSE ANNUAL GIFTS FOR CALENDAR YEARS 2020 AND 2021 | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |
Hiphopforchange Inc Oakland, CA | $676,196 | $1,628,580 |
Young Musicians Foundation Los Angeles, CA | $1,322,376 | $1,133,587 |