Listening Room Inc
- Assets
- $1.4m
- Revenue
- $496.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Hastings, NE
- Founding
- 08/1997
- Data as of
- 06/2023
- 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 06/2023, Listening Room Inc employed 10 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 06/2023, Listening Room Inc generated $496.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $205.9k during the year ending 06/2023. While expenses have increased by 1.6% 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
2023
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 |
|---|---|---|---|
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 |
Bruce Batterson Director | Trustee | 0.5 | $0 |
Hannah Jensen-Heitmann Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,122 |
| Total Program Service Revenue | $45,605 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,535 |
| Net Gain/Loss on Asset Sales | $30,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,900 |
| 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 | $37,549 |
| Other salaries and wages | $20,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188 |
| Fees for services: Accounting | $1,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,840 |
| Office expenses | $4,020 |
| Information technology | $5,828 |
| Royalties | $0 |
| Occupancy | $26,163 |
| 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 | $34,976 |
| Insurance | $10,247 |
| All other expenses | $2,784 |
| Total functional expenses | $205,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,252 |
| 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 | $1,337,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,371,192 |
| 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 | $1,267 |
| Total liabilities | $264,520 |
| Net assets without donor restrictions | $1,106,672 |
| 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 | $1,371,192 |