Academy Of Strings Foundation
- Assets
- $105.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 83-0459299
Organization Overview
Academy Of Strings Foundation is located in Johnson City, TN. The organization was established in 2007. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Academy Of Strings 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 06/2022, Academy Of Strings Foundation generated $16.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $23.7k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROMOTES AND SUPPORTS THE EDUCATIONAL PURPOSES OF ACADEMY OF STRINGS, A TENNESSEE NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SEC. 501C3 OF THE IRC., AS IT FUNDRAISING ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giri Hoskere Trustee/director | 4 | $0 | |
Kimberly Barrett Secretary | 4 | $0 | |
Jonathan Bell Treasurer | 4 | $0 | |
Tim Barrett Trustee/director | 4 | $0 | |
Bill Messerschmidt Chariman | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,550 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $322 |
| Total Revenue | $16,872 |
| 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 | $1,550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86 |
| Total expenses | $23,690 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,289 |
| Other assets | $0 |
| Total assets | $105,471 |
| Total liabilities | $0 |
| Net assets or fund balances | $105,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Museum Of Art Foundation Inc Raleigh, NC | $80,876,506 | $13,828,837 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Marbles Kids Museum Raleigh, NC | $8,790,326 | $3,967,863 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Friends Of Nc State Museum Of Natural Sciences Raleigh, NC | $9,967,287 | $3,956,524 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |