Community Music Center
- Assets
- $3.3m
- Revenue
- $256.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 11/1966
- Data as of
- 06/2022
- EIN
- 93-0493441
Organization Overview
Community Music Center is located in Portland, OR. The organization was established in 1966. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, 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. Community Music Center 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, Community Music Center generated $256.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $94.1k during the year ending 06/2022. 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
CMC, INC. ENHANCES THE GREATER PORTLAND COMMUNITY BY FINANCIALLY SUPPORTING PORTLAND PARTS & RECREATION PROGRAMMING FOR PEOPLE OF ALL AGES AND INCOME LEVELS TO LEARN ABOUT, MAKE AND ENJOY MUSIC THROUGH AFFORDABLE MUSIC CLASSES AND LESSONS, FREE AND LOW-COST CONCERTS & WORKSHOPS, INSTRUMENTS FOR LOAN, AND OTHER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CMC, INC. IS AN ALL-VOLUNTEER ORGANIZATION SUBSIDIZING MUSIC LESSON FEES AT THE COMMUNITY MUSIC CENTER AND PROVIDING A VENUE FOR COMMUNITY MUSIC GROUPS, IN PARTNERSHIP WITH THE PORTLAND PARKS AND RECREATION DEPARTMENT, SUPPORT INCLUDES: NEED-BASED SCHOLARSHIPS ENABLING STUDENTS WITH LIMITED MEANS TO LEARN TO PLAY MUSICAL INSTRUMENTS AND LOW-COST INSTRUMENT RENTALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Wagner President | OfficerTrustee | 1 | $0 |
Kevin Lefohn Vice President | OfficerTrustee | 1 | $0 |
Katherine Schroeder Vice President | OfficerTrustee | 1 | $0 |
Judy Rompa Vice President | OfficerTrustee | 1 | $0 |
Matthew Morgan Secretary | OfficerTrustee | 1 | $0 |
Sarah Reardon Treasurer | OfficerTrustee | 1 | $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 | $165,993 |
| Noncash contributions included in lines 1a–1f | $9,130 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,993 |
| Total Program Service Revenue | $8,632 |
| Investment income | $68,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,194 |
| Net Gain/Loss on Asset Sales | $8,708 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $61 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,780 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,927 |
| Advertising and promotion | $0 |
| Office expenses | $7,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,377 |
| All other expenses | $2,012 |
| Total functional expenses | $94,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $691,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,935 |
| Prepaid expenses and deferred charges | $65,036 |
| Net Land, buildings, and equipment | $181,475 |
| Investments—publicly traded securities | $1,801,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $552,392 |
| Total assets | $3,307,367 |
| Accounts payable and accrued expenses | $3,921 |
| 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 | $3,921 |
| Net assets without donor restrictions | $2,917,263 |
| Net assets with donor restrictions | $386,183 |
| 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 | $3,307,367 |