Flagstaff Friends Of Traditional Music Incorporated
- Assets
- $530.4k
- Revenue
- $570.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 08/2001
- Data as of
- 01/2024
- EIN
- 86-0978452
Organization Overview
Flagstaff Friends Of Traditional Music Incorporated is located in Flagstaff, AZ. The organization was established in 2001. 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. Flagstaff Friends Of Traditional Music Incorporated 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 01/2024, Flagstaff Friends Of Traditional Music Incorporated generated $570.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $548.7k during the year ending 01/2024. While expenses have increased by 8.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND PROMOTION OF TRADITIONAL MUSIC AND DANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FFOTM PRESENTED THE 17TH ANNUAL 3-DAY PICKIN IN THE PINES BLUEGRASS & ACOUSTIC MUSIC FESTIVAL SEPTEMBER 15-17, 2023. THE FESTIVAL ATTRACTED TOTAL PAID ATTENDANCE OF 3240 ADULTS AND OVER 500 CHILDREN UNDER THE AGE OF 15 RECEIVING FREE ADMISSION. THE MAIN STAGE FEATURES MULTIPLE GRAMMY AWARD-WINNING BLUEGRASS & ACOUSTIC MUSIC PERFORMANCES WITH A TOTAL OF 15 NATIONAL, REGIONAL AND LOCAL ACTS PERFORMING BLUEGRASS, FOLK AND OLD-TIME MUSIC. THE FESTIVAL ALSO OFFERS FREE EDUCATIONAL MUSIC WORKSHOPS THAT FEATURE FIDDLE, BASS, GUITAR, BANJO, MANDOLIN,AND SINGING INSTRUCTION. ALONG WITH INFORMAL MUSIC JAMS, CHILDRENS PROGRAMS, FAMILY ACTIVITIES AND A TRADITIONAL DANCE EVENT, THE FESTIVAL PROMOTES THE MISSION OF THE ORGANIZATION.
FFOTM PRESENTED THE 21TH ANNUAL FLAGSTAFF FOLK FESTIVAL, A 2-DAY EVENT HELD IN JUNE PROVIDING A VENUE FOR OVER 100 LOCAL AND REGIONAL AMATEUR MUSICIANS TO PERFORM. PRESENTED ON 3 STAGES, THE FESTIVAL INCLUDES EDUCATIONAL WORKSHOPS AND JAMS AT A LOW COST OF $10 PER PERSON AND $5 FOR SENIORS AND STUDENTS. THE FESTIVAL IS A FAMILY-FRIENDLY EVENT THAT ENCOURAGES ATTENDEES TO BRING A MUSICAL INSTRUMENT ALONG TO JOIN IN THE FUN. THE PERFORMANCE OPPORTUNITIES TO AMATEUR MUSICIANS AND EXPOSURE OF A LARGE AUDIENCE TO TRADITIONAL MUSIC CONTRIBUTES TO THE ORGANIZATIONS MISSION TO PRESERVE AND PROMOTE AND PRESENT TRADITIONAL MUSIC.
OTHER PROGRAMS FFOTM PROVIDED IN 2023 INCLUDE THE YOUNG JAMMERS MUSIC INSTRUCTION PROGRAM FOR LOCAL YOUTH AGES 9 TO 17. BETWEEN 25-30 CHILDREN ATTENDED THE WEEKLY MUSIC LESSONS IN AN INDOOR SETTING. THE PROGRAM PROVIDES CHILDREN AN OPPORTUNITY TO LEARN HOW TO PLAY TRADITIONAL MUSIC ON A FREE, DONATED MUSICAL INSTRUMENT. FFOTOM ALSO HOSTS WEEKLY MUSIC JAMS THAT AVERAGES 15 ADULTS, AND AN ANNUAL MEMBER CAMPOUT THAT AVERAGES 50-75 PEOPLE. FFOTM HOSTED 7 CONTRA DANCES. FFOTM ALSO PRODUCED A MONTHLY DIGITAL NEWSLETTER THAT IS PUBLISHED AND DELIVERED TO MEMBERS FEATURING STORIES, ANNOUNCEMENTS, INSTRUCTIONS, AND A CALENDAR OF EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Cross Director | Trustee | 2 | $0 |
Rebecca Cooke Director | Trustee | 2 | $0 |
Rich Daloisio Director | Trustee | 2 | $0 |
Mike Thompson Director | Trustee | 2 | $0 |
Jim Glish Director | Trustee | 2 | $0 |
Julie Sullivan Brace Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,729 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,594 |
| Total Program Service Revenue | $455,825 |
| 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 | $0 |
| Net Income from Gaming Activities | $5,665 |
| Net Income from Sales of Inventory | $11,913 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $67,445 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,345 |
| Advertising and promotion | $17,623 |
| Office expenses | $14,519 |
| Information technology | $763 |
| Royalties | $8,562 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,751 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,737 |
| All other expenses | $553 |
| Total functional expenses | $548,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,682 |
| Savings and temporary cash investments | $0 |
| 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 | $69,670 |
| 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 | $530,352 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $530,352 |
| 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 | $530,352 |