Ladies Musical Club
- Assets
- $1.8m
- Revenue
- $198.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Seattle, WA
- Founding
- 10/1903
- Data as of
- 05/2022
- EIN
- 91-6029353
Organization Overview
Ladies Musical Club is located in Seattle, WA. The organization was established in 1903. 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 05/2022, Ladies Musical Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ladies Musical Club 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 05/2022, Ladies Musical Club generated $198.4k 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 (10.7%) each year. All expenses for the organization totaled $178.3k during the year ending 05/2022. 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
STIMULATE THE DEVELOPMENT OF MUSICAL ACTIVITY IN THE GREATER SEATTLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC IN SCHOOLS MIS THE MUSIC IN SCHOOLS PROGRAM SUPPORTS BETWEEN FIVE TO SEVEN UNDERSERVED ELEMENTARY SCHOOLS IN THE SEATTLE PUBLIC SCHOOLS DISTRICT EACH SCHOOL YEAR, PRESENTING A VARIETY OF PROGRAMS AT NO CHARGE TO THE SCHOOLS. THE GOAL OF THIS SUPPORT IS TO BUILD A HABIT OF MUSIC WITHIN THE SCHOOLS CURRICULUM AND THE STUDENTS LIVES. WE REACH MORE THAN 5,000 STUDENTS EACH YEAR, EITHER IN THE CLASSROOM, AT SCHOOL-WIDE ASSEMBLIES, OR REMOTELY THROUGH VIDEO PERFORMANCES. UNIQUE ARTISTS AND PROGRAMS ARE AVAILABLE THROUGHOUT EACH SCHOOL YEAR IN PERFORMANCES THAT INCLUDE CHAMBER OPERA, CLASSIC STORIES SET TO MUSIC, PARTICIPATORY DANCE AND MUSIC, INSTRUMENT GROUPS BRASS, WOODWIND, SOLOISTS, DIVERSE ETHNIC MUSIC AND INSTRUMENTS.
PUBLIC CONCERT SERIES LMCS MOST VISIBLE FACE IS ITS PUBLIC CONCERT SERIES THAT OFFERS UP TO 50 FREE CLASSICAL MUSIC CONCERTS FROM OCTOBER THROUGH JUNE BY LMC MEMBER-MUSICIANS AND GUESTS. THE CLASSICAL MUSIC SERIES IS PRESENTED AND/OR FILMED AT A VARIETY OF VENUES THROUGHOUT THE SEATTLE METRO AREA, INCLUDING WEST SEATTLE VETERAN CENTER, SEATTLE ART MUSEUM, FRYE ART MUSEUM, SEATTLE PUBLIC LIBRARY, CENTRAL AND WEST SEATTLE BRANCHES, UNIVERSITY HOUSE WALLINGFORD, MIRABELLA, BELLEVUES CROSSROADS COMMUNITY CENTER THEATER AND THE MUSIC CENTER OF THE NORTHWEST IN NORTH SEATTLE. THESE INTIMATE, ONE-HALF-HOUR TO ONE-HOUR MUSIC PROGRAMS ARE FREE AND OPEN TO THE PUBLIC, AND MOST ARE AVAILABLE TO THE PUBLIC ONLINE THROUGH LMCS SOCIAL MEDIA PLATFORMS.
THE FRANCES WALTON COMPETITION IS HELD ANNUALLY IN LATE SPRING AND ITS ASSOCIATED AWARDS TOUR IN THE FALL. IT IS A SOLO AND ENSEMBLE COMPETITION FOR CLASSICAL MUSICIANS, AGES 20-35, WHO LIVE OR STUDY IN THE UNITED STATES, THE DISTRICT OF COLUMBIA, OR ONE OF THE U.S. TERRITORIES. COMPETITORS SUBMIT AUDIO AUDITIONS BEFORE A SPRING DEADLINE. AUDITION FINALISTS PARTICIPATE IN A DAY-LONG COMPETITION IN SEATTLE WHERE FOUR SOLO WINNERS AND ONE ENSEMBLE WINNER ARE SELECTED. THE WINNERS PRESENT A FREE PUBLIC CONCERT THE WEEKEND OF THE COMPETITION. THEY GO ON AN ALL-EXPENSE-PAID WEEK TOUR IN THE FALL, PERFORMING CLASSICAL MUSIC AT FREE CONCERTS TO THOUSANDS OF LISTENERS IN SCHOOLS, COMMUNITY CENTERS, AND HALLS IN LARGELY UNDERSERVED RURAL AND METRO AREAS IN WASHINGTON STATE. WINNERS RECEIVE CASH AWARDS AFTER THE FALL TOUR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Henderson Executive Director | Officer | 40 | $40,000 |
Elizabeth Arnold Treasurer | OfficerTrustee | 2 | $0 |
Vicki White Miltun Secretary | OfficerTrustee | 1 | $0 |
Kate Smith President | OfficerTrustee | 6 | $0 |
Kate Kelly VP Membership | OfficerTrustee | 2 | $0 |
Nicole Truesdell Trustee At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,237 |
| Total Program Service Revenue | $10,220 |
| Investment income | $41,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,842 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,064 |
| Grants and other assistance to domestic individuals. | $199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,667 |
| Compensation of current officers, directors, key employees. | $66,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,305 |
| Payroll taxes | $13,174 |
| Fees for services: Management | $840 |
| Fees for services: Legal | $2,590 |
| Fees for services: Accounting | $3,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,268 |
| Advertising and promotion | $5,596 |
| Office expenses | $2,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $800 |
| Travel | $767 |
| 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 | $0 |
| Insurance | $3,776 |
| All other expenses | $0 |
| Total functional expenses | $178,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,420 |
| Savings and temporary cash investments | $195,601 |
| 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 | $2,443 |
| Net Land, buildings, and equipment | $75,427 |
| Investments—publicly traded securities | $1,470,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,767,465 |
| Accounts payable and accrued expenses | $1,736 |
| 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 | $1,736 |
| Net assets without donor restrictions | $567,971 |
| Net assets with donor restrictions | $1,197,758 |
| 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 | $1,767,465 |
Grants Awarded
Over the last fiscal year, Ladies Musical Club has awarded $8,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEANY WORLD SERIES UW PURPOSE: To promote music | $4,000 |
Seattle, WA PURPOSE: To promote music | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ladies Musical Club has recieved totaling $1,027.
| Awarding Organization | Amount |
|---|---|
Zufall Family Foundation Shoreline, WA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $1,186,719 |
| Earnings | $47,944 |
| Other Expense | $29,642 |
| Grants | $7,263 |
| Ending Balance | $1,197,758 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Seattle Chamber Music Festival Seattle, WA | $3,300,530 | $1,735,052 |
Washington Music Educators Association Renton, WA | $323,514 | $851,362 |
Seattle Jazzed Seattle, WA | $4,256,285 | $2,089,197 |
Rogue Valley Symphony Association Ashland, OR | $3,828,970 | $1,652,431 |
Music Center Of The Northwest Inc Seattle, WA | $2,802,841 | $1,300,374 |
Spokane American Youth Hockey Club Inc Spokane, WA | $411,285 | $808,966 |
Earshot Jazz Society Of Seattle Seattle, WA | $1,491,052 | $947,117 |
Music Conservatory Of Sandpoint Inc Sandpoint, ID | $1,006,215 | $718,046 |
Acoustic Sound Inc Milton, WA | $517,851 | $803,908 |
Soundview Uniserv Council Lakewood, WA | $662,629 | $619,022 |
Sitka Music Festival Inc Sitka, AK | $4,570,554 | $833,930 |