Listening Room Inc
- Assets
- $1.1m
- Revenue
- $165.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Hastings, NE
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 91-1819190
Organization Overview
Listening Room Inc is located in Hastings, NE. The organization was established in 1997. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Listening Room Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Listening Room Inc 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, Listening Room Inc generated $165.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $194.7k during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE ARTS IN HASTINGS AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LISTENING ROOM PROVIDES A VENUE IN CENTRAL NEBRASKA FOR ACOUSTIC PERFORMERS. THE GOAL OF THE PROGRAM IS TO BRING WORLD CLASS LIVE MUSIC TO CENTRAL NEBRASKANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cara Kimberly Executive Director | Trustee | 40 | $36,359 |
Robin Harrell Executive Director | Trustee | 40 | $5,483 |
Dave Rippe President | OfficerTrustee | 0.5 | $0 |
Matt Fong Vice President | OfficerTrustee | 0.5 | $0 |
Scott Kvols Treasurer | OfficerTrustee | 0.5 | $0 |
Craig Dewalt Director | Trustee | 0.5 | $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 | $78,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,173 |
| Total Program Service Revenue | $39,697 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,994 |
| 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 | $27,537 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,584 |
| 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. | $41,843 |
| Compensation of current officers, directors, key employees. | $4,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,569 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,033 |
| Insurance | $8,475 |
| All other expenses | $1,508 |
| Total functional expenses | $194,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,486 |
| 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 | $1,043,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,080,261 |
| 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 | $263,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,378 |
| Total liabilities | $264,631 |
| Net assets without donor restrictions | $815,630 |
| 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 | $1,080,261 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Listening Room Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Johnson Family Foundation Inc Hastings, NE PURPOSE: PROGRAM SUPPORT | $1,000 |
Spotts Trust Hal Lainson Ttee Hastings, NE PURPOSE: CHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Jazz At Aspen-Snowmass Aspen, CO | $5,325,438 | $11,239,996 |
Grand Teton Music Festival Inc Jackson, WY | $21,966,338 | $8,778,128 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Colorado Music Festival Boulder, CO | $2,219,616 | $3,012,496 |
Amp The Cause Denver, CO | $134,793 | $2,222,228 |
Strings Music Festival Steamboat Springs, CO | $9,630,765 | $2,301,723 |
Swallow Hill Music Association Denver, CO | $6,215,784 | $6,402,960 |
Youth On Record Denver, CO | $1,879,684 | $1,486,408 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Yfc Inc Omaha, NE | $650,534 | $1,235,325 |