Raleigh Music Collective Holding 1
- Assets
- $14.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2023
- EIN
- 87-1391446
Organization Overview
Raleigh Music Collective Holding 1 is located in Raleigh, NC. 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. Raleigh Music Collective Holding 1 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 12/2023, Raleigh Music Collective Holding 1 generated $79.0k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $74.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 2 years. 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
2023
Describe the Organization's Program Activity:
Part 3
OFFERING RIGOROUS MUSICAL TRAINING TO TRANSFORM, EMPOWER, AND INTEGRATE OUR RALEIGH COMMUNITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Maria Blanton Executive Dir. | 40 | $25,690 | |
Paige Capes Director | 10 | $9,270 | |
Will Kincy Chairman | 0.5 | $0 | |
Alison Beal Treasurer | 0.5 | $0 | |
Sara Baum Secretary | 0.5 | $0 | |
Allison Cashman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,854 |
| Total Program Service Revenue | $45,278 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $905 |
| Total Revenue | $79,037 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,685 |
| Professional fees and other payments to independent contractors | $13,580 |
| Occupancy, rent, utilities, and maintenance | $1,187 |
| Printing, publications, postage, and shipping | $551 |
| Other expenses | $8,281 |
| Total expenses | $74,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,879 |
| Other assets | $0 |
| Total assets | $14,879 |
| Total liabilities | $1,254 |
| Net assets or fund balances | $13,625 |