Totals
- Total revenue
- $2,092,579
- Total expenses
- $606,135
- Contributions and grants received
- $2,324,900
- Grants paid
- $3,650
- Program service revenue
- $28,546
- Investment income
- $8,094
- Other revenue
- -$268,961
- Total assets, end of year
- $3,155,096
- Total liabilities, end of year
- $510,254
- Net assets or fund balances, end of year
- $2,644,842
- Program services expenses (Part IX)
- $351,547
- Management and general expenses
- $129,061
- Fundraising expenses
- $125,527
- Program service expenses (Part III)
- $351,547
Program services were 58.0% 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.
-
1c · Fundraising events
$174,160
-
1f · All other contributions, gifts and grants
$2,150,740
-
1g · Noncash contributions included above
$25,139
-
2a · Program service revenue: CAMP INCOME
total $18,797 · related or exempt $18,797
-
2b · Program service revenue: CENTER FEES
total $9,749 · related or exempt $9,749
-
3 · Investment income
total $8,094 · excluded $8,094
-
8a · Fundraising events: gross income
$14,703
-
8a · Fundraising events: contributions included on line 1c
$174,160
-
8b · Fundraising events: direct expenses
$285,895
-
8c · Net income from fundraising events
total -$271,192
-
10a · Gross sales of inventory
$41,451
-
10b · Cost of goods sold
$39,220
-
10c · Net income from sales of inventory
total $2,231 · related or exempt $2,231
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,650 · program services $3,650
-
7 · Other salaries and wages
total $143,220 · program services $64,163 · management and general $74,041 · fundraising $5,016
-
9 · Other employee benefits
total $8,140 · program services $3,647 · management and general $4,208 · fundraising $285
-
10 · Payroll taxes
total $11,442 · program services $5,084 · management and general $5,963 · fundraising $395
-
11c · Fees: accounting
total $24,990 · management and general $24,990
-
11f · Fees: investment management
total $2,368 · management and general $2,368
-
11g · Fees: other
total $98,998 · program services $56,273 · fundraising $42,725
-
12 · Advertising and promotion
total $142,897 · program services $75,238 · fundraising $67,659
-
13 · Office expenses
total $34,983 · program services $17,492 · management and general $17,491
-
14 · Information technology
total $1,915 · program services $1,915
-
16 · Occupancy
total $41,393 · program services $41,393
-
17 · Travel
total $25,949 · program services $16,502 · fundraising $9,447
-
20 · Interest
total $28,608 · program services $28,608
-
22 · Depreciation, depletion and amortization
total $3,946 · program services $3,946
-
24a · Other expenses: CAMP EXPENSES
total $32,122 · program services $32,122
-
24b · Other expenses: DREAM ACADEMY
total $1,514 · program services $1,514
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $349,925 · end of year $1,633,713
-
10a · Land, buildings and equipment: cost or other basis
$1,402,255
-
10b · Land, buildings and equipment: accumulated depreciation
$23,336
-
10c · Land, buildings and equipment, net
beginning of year $1,349,477 · end of year $1,378,919
-
11 · Investments: publicly traded securities
beginning of year $536,437 · end of year $142,464
-
17 · Accounts payable and accrued expenses
beginning of year $3,720 · end of year $6,717
-
23 · Secured mortgages and notes payable
beginning of year $1,033,032 · end of year $503,537
-
27 · Net assets without donor restrictions
beginning of year $676,587 · end of year $393,703
-
28 · Net assets with donor restrictions
beginning of year $522,500 · end of year $2,251,139
Mission and programs · 2022
Mission
PRESENT PROGRAMS INVOLVING MUSIC, WRITING AND INSTRUMENTATION.
Activities or mission (Part I)
TO ENLIGHTEN AND EMPOWER, ENRICH AND MOTIVATE ALL YOUNG PEOPLE THROUGH PROGRAMS INVOLVING MUSIC, WRITING AND INSTRUMENTATION.
-
THE FOUNDATION PROVIDES STUDENTS WITH ACCESS TO MUSIC AND ARTS EDUCATION THAT THEY WOULD NOT OTHERWISE RECEIVE IN SCHOOL. THERE ARE YEAR-ROUND INSTRUCTIONAL PROGRAMS FOR CHILDREN AGES 5-18 WITH A FOCUS ON THE ART OF SONGWRITING, INSTRUMENTATION AND NICHE ASPECTS OF THE MUSIC INDUSTRY INCLUDING PRODUCTION, ENGINEERING, DANCE AND ARTIST RELATIONS. SPECIFICALLY, OTIS MUSIC CAMP IS A TWO-WEEK, IMMERSIVE EXPERIENCE THAT INCLUDES THE AFOREMENTIONED ELEMENTS FOR CAMPERS AGES 12-18. CAMP DREAM INTRODUCES CHILDREN AGES 5-11 TO PERCUSSION, THEATER, DANCE AND VISUAL ARTS THROUGHOUT THE WEEK-LONG CAMP. THE FOUNDATION HAS RECEIVED SEVERAL ACCOLADES AND RECOGNITION FOR CONTINUING THE LEGACY OF OTIS REDDING BY PROVIDING OPPORTUNITIES FOR YOUNG PEOPLE WITHIN THE COMMUNITY. RODERICK COX, PROFOUND ORCHESTRA CONDUCTOR; DAKARI DK WILLIAMS, RAP ARTIST AND DISC JOCKEY; ZACH WILSON, KEYBOARDIST; JESSICA WORNUM, MUSIC ENGINEER, ARE JUST A FEW SUCCESSES STEMMING FROM THE FOUNDATIONS PROGRAMMING.
Expenses $351,547 · Grants $3,650 · Revenue $28,546
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeff BattcherJEFF BATTCHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Steve DaughertySTEVE DAUGHERTY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
T Scotty DuncanT SCOTTY DUNCAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Caryn FreyCARYN FREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrea GrinerANDREA GRINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris JacksonCHRIS JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tanzy KilcreaseDR TANZY KILCREASE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Rebecca LanningDR REBECCA LANNING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen LeeKAREN LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael McGowanMICHAEL MCGOWAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Zelma ReddingZELMA REDDING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Karla Redding-AndrewsKARLA REDDING-ANDREWS
VP/EXEC. DIR
- Total calculated
- $0
- Hours/week
- 40
-
Arron SaxeARRON SAXE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stacey TimothySTACEY TIMOTHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kevin WilliamsDR KEVIN WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349307430
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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