Teton Music School
- Assets
- $217.8k
- Revenue
- $641.1k
- Investments
- $100.1k
- Employees
- 3
- Location
- Jackson, WY
- Founding
- 11/2019
- Data as of
- 06/2023
- EIN
- 83-3967435
Organization Overview
Teton Music School is located in Jackson, WY. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Teton Music School employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teton Music School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH LIVES BY PROVIDING ACCESSIBLE MUSIC EDUCATION AND EXCEPTIONAL MUSIC EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TETON MUSIC SCHOOL (TMS)' VISION IS TO BE THE HEART OF MUSIC EDUCATION AND PERFORMANCE EXPERIENCES FOR OUR DIVERSE COMMUNITY. TMS UNLOCKS A LIFE OF MUSIC FOR YOUTH AND ADULTS THROUGH ENROLLMENT-BASED PRIVATE MUSIC LESSONS FOR A RANGE OF INSTRUMENTS, PERFORMANCE ENSEMBLES, GROUP CLASSES, AND SUMMER MUSIC CAMPS. TMS PROVIDES LOCAL MUSIC EDUCATORS A STABLE AND INSPIRING PLACE TO TEACH AND COLLABORATE. AND, OUR SPACE IN THE CENTER FOR THE ARTS IS A HOME AND REHEARSAL SPACE FOR LOCAL COMMUNITY MUSIC ENSEMBLES. TMS ALSO ENLIVENS OUR COMMUNITY BEYOND THE HALLS OF OUR CAMPUS AT THE CENTER, PARTNERING WITH LOCAL SCHOOLS AND ARTS ORGANIZATIONS TO BRING SUPPLEMENTAL MUSIC EDUCATION INTO CLASSROOMS AND TO THE COMMUNITY.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Flosbach Executive Director | Trustee | 40 | $118,200 |
Liz King Director | Trustee | 1 | $0 |
Mark Berry Director | Trustee | 1 | $0 |
Michele Gammer Chair | OfficerTrustee | 5 | $0 |
Charley Hutson Treasurer | OfficerTrustee | 2 | $0 |
Lesli Hobart Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,795 |
| Noncash contributions included in lines 1a–1f | $950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,795 |
| Total Program Service Revenue | $440,974 |
| Investment income | $315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,299 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,912 |
| Payroll taxes | $12,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $329,384 |
| Advertising and promotion | $10,616 |
| Office expenses | $3,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,254 |
| Travel | $508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,106 |
| Insurance | $0 |
| All other expenses | $20,221 |
| Total functional expenses | $618,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,536 |
| Savings and temporary cash investments | $25,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,063 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,796 |
| Accounts payable and accrued expenses | $0 |
| 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 | $14,902 |
| Total liabilities | $14,902 |
| Net assets without donor restrictions | $0 |
| 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 | $202,894 |
| Total liabilities and net assets/fund balances | $217,796 |