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Nonprofiteer
← PINECONE THE PIEDMONT COUNCIL OF TRADITIONAL MUSIC

Form 990 for tax year 2022

Filed by PINECONE THE PIEDMONT COUNCIL OF TRADITIONAL MUSIC.

Totals

Total revenue
$846,090
Total expenses
$769,532
Contributions and grants received
$408,668
Grants paid
$0
Program service revenue
$437,422
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,002,122
Total liabilities, end of year
$119,029
Net assets or fund balances, end of year
$883,093
Program services expenses (Part IX)
$683,025
Management and general expenses
$86,507
Fundraising expenses
$0
Program service expenses (Part III)
$683,025

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $281,628

  • 1f · All other contributions, gifts and grants

    $127,040

  • 1g · Noncash contributions included above

    $500

  • 2a · Program service revenue: PERFORMANCE FEES

    total $282,649 · related or exempt $282,649

  • 2b · Program service revenue: CONCERT ADMISSIONS

    total $126,193 · related or exempt $126,193

  • 2c · Program service revenue: MEMBERSHIPS

    total $26,761 · related or exempt $26,761

  • 2d · Program service revenue: SALES

    total $1,714 · related or exempt $1,714

  • 2e · Program service revenue: OTHER

    total $105 · related or exempt $105

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $91,268 · program services $72,860 · management and general $18,408

  • 7 · Other salaries and wages

    total $50,212 · program services $43,812 · management and general $6,400

  • 9 · Other employee benefits

    total $8,909 · program services $7,361 · management and general $1,548

  • 10 · Payroll taxes

    total $13,840 · program services $11,435 · management and general $2,405

  • 11c · Fees: accounting

    total $34,077 · management and general $34,077

  • 12 · Advertising and promotion

    total $31,995 · program services $31,995

  • 13 · Office expenses

    total $7,054 · program services $4,233 · management and general $2,821

  • 20 · Interest

    total $454 · management and general $454

  • 22 · Depreciation, depletion and amortization

    total $7,390 · management and general $7,390

  • 23 · Insurance

    total $2,708 · program services $1,760 · management and general $948

  • 24a · Other expenses: ARTIST FEES

    total $287,591 · program services $287,591

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $121,586 · program services $121,586

  • 24c · Other expenses: TECHNICAL AND PRODUCTIO

    total $85,350 · program services $85,350

  • 24d · Other expenses: COMPUTER HARDWARE AND S

    total $6,358 · management and general $6,358

  • 24e · All other expenses

    total $20,740 · program services $15,042 · management and general $5,698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $760,127 · end of year $728,071

  • 3 · Pledges and grants receivable

    beginning of year $193,193 · end of year $195,223

  • 4 · Accounts receivable

    beginning of year $2,650 · end of year $39,523

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,863 · end of year $1,863

  • 10a · Land, buildings and equipment: cost or other basis

    $38,548

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,827

  • 10c · Land, buildings and equipment, net

    beginning of year $34,014 · end of year $28,721

  • 15 · Other assets

    beginning of year $1,394 · end of year $8,721

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,817 · end of year $36,445

  • 19 · Deferred revenue

    beginning of year $107,889 · end of year $77,103

  • 24 · Unsecured notes and loans payable

    beginning of year $75,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,481

  • 27 · Net assets without donor restrictions

    beginning of year $618,756 · end of year $699,103

  • 28 · Net assets with donor restrictions

    beginning of year $187,779 · end of year $183,990

Mission and programs · 2022

Mission

TO PRESERVE, PRESENT, AND PROMOTE ALL FORMS OF TRADITIONAL MUSIC, DANCE, AND OTHER FOLK PERFORMING ARTS.

  • THE ROLE OF PINECONE IS TO INCREASE THE VISIBILITY OF NORTH CAROLINA'S PIEDMONT MUSIC AND MUSICIANS AND TO PROVIDE PUBLIC PROGRAMS AND EDUCATIONAL RESOURCES ABOUT THE DEPTH AND BREADTH OF CULTURAL EXPRESSION IN THE REGION TODAY. PINECONE PRESENTS MORE THAN 200 MUSIC PROGRAMS ANNUALLY, INCLUDING CONCERTS, FESTIVALS, RADIO SHOWS, JAM SESSIONS, YOUTH MUSIC CAMPS, WORKSHOPS, DOCUMENTARY PROJECTS, AND MORE. PINECONE IS THE LOCAL HOST FOR THE INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION'S WORLD OF BLUEGRASS CONVENTION IN THE FALL, AND IS RESPONSIBLE FOR PRODUCING THE IBMA'S TWO-DAY WIDE OPEN BLUEGRASS FESTIVAL. MORE THAN 90% OF PINECONE'S PROGRAMS ARE OFFERED TO THE GENERAL PUBLIC AT NO COST.

    Expenses $683,025 · Revenue $437,422

As filed on the 2022 return.

Listed in Part VII

  • Becky Bell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jack Roush

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Todd Hemphill

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Wilson Sayre

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jamie Dawson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sophia Enriquez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy Lagana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tola Oguntoyinbo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Schoenfeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Tate

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Brower

    EXECUTIVE DIRECTOR

    Total calculated
    $103,997
    From this org
    $89,319
    From related orgs
    $0
    Other
    $14,678
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202312989349302066

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