National Federation Of Music Clubs
- Assets
- $62.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Taylors, SC
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 84-1715894
Organization Overview
National Federation Of Music Clubs is located in Taylors, SC. The organization was established in 2002. 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 a subordinate organization within an affiliated group for tax-exemption purposes. National Federation Of Music Clubs 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, National Federation Of Music Clubs generated $27.0k 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 (17.6%) each year. All expenses for the organization totaled $24.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Henderson 1st Vice Pres. | 7 | $0 | |
Sara Kellar President | 7 | $0 | |
Nancy Smith Secretary | 5 | $0 | |
Barbara Gulley Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,260 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,650 |
| Investment income | $106 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,016 |
| 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 | $215 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,098 |
| Other expenses | $23,159 |
| Total expenses | $24,472 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,950 |
| Other assets | $0 |
| Total assets | $61,950 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |
Charleston Jazz North Charleston, SC | $510,397 | $1,004,740 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Kidznotes Durham, NC | $613,615 | $610,805 |
Moravian Music Foundation Inc Winstonsalem, NC | $3,603,904 | $484,004 |
Bob Moog Memorial Foundation For Electronic Music Inc Asheville, NC | $669,399 | $807,531 |
Columbia City Jazz Dance Company And Scholl Columbia, SC | $1,020,212 | $503,153 |
Pianosforeducationorg Inc Atlanta, GA | $1,345,383 | $986,288 |
Highlands Chamber Music Festival Inc Highlands, NC | $1,258,253 | $538,430 |