Form 990 for tax year 2022
Filed by SOUTHWEST FLORIDA MUSIC EDUCATION CENTER INC.
Totals
- Total revenue
- $7,490,658
- Total expenses
- $1,167,447
- Contributions and grants received
- $6,839,083
- Grants paid
- $0
- Program service revenue
- $55,900
- Investment income
- -$25,899
- Other revenue
- $621,574
- Total assets, end of year
- $16,338,113
- Total liabilities, end of year
- $9,445,238
- Net assets or fund balances, end of year
- $6,892,875
- Program services expenses (Part IX)
- $1,060,757
- Management and general expenses
- $67,103
- Fundraising expenses
- $39,587
- Program service expenses (Part III)
- $1,060,757
Program services were 90.9% 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.
-
1f · All other contributions, gifts and grants
$6,839,083
-
2a · Program service revenue: Student Tuition and Fee
total $55,900 · related or exempt $55,900
-
3 · Investment income
total -$25,899 · excluded -$25,899
-
6a · Gross rents
real property $283,785
-
6c · Rental income or loss
real property $283,785
-
6d · Net rental income or loss
total $283,785 · excluded $283,785
-
8a · Fundraising events: gross income
$351,900
-
8b · Fundraising events: direct expenses
$14,111
-
8c · Net income from fundraising events
total $337,789 · excluded $337,789
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $187,713 · program services $131,731 · management and general $37,321 · fundraising $18,661
-
10 · Payroll taxes
total $12,354 · program services $9,603 · management and general $1,834 · fundraising $917
-
11b · Fees: legal
total $17,566 · program services $15,810 · management and general $1,405 · fundraising $351
-
11c · Fees: accounting
total $7,885 · program services $7,096 · management and general $631 · fundraising $158
-
11g · Fees: other
total $45,800 · program services $45,360 · management and general $352 · fundraising $88
-
12 · Advertising and promotion
total $68,135 · program services $54,508 · fundraising $13,627
-
13 · Office expenses
total $35,185 · program services $31,980 · management and general $2,564 · fundraising $641
-
14 · Information technology
total $3,920 · program services $3,528 · management and general $314 · fundraising $78
-
16 · Occupancy
total $69,476 · program services $62,561 · management and general $5,532 · fundraising $1,383
-
17 · Travel
total $5,505 · program services $5,289 · management and general $173 · fundraising $43
-
22 · Depreciation, depletion and amortization
total $456,456 · program services $440,179 · management and general $13,022 · fundraising $3,255
-
23 · Insurance
total $48,061 · program services $46,996 · management and general $852 · fundraising $213
-
24a · Other expenses: Cirriculum Development
total $10,243 · program services $10,243
-
24b · Other expenses: Contract Services
total $62,050 · program services $62,050
-
24c · Other expenses: Utilities
total $70,057 · program services $69,692 · management and general $293 · fundraising $72
-
24d · Other expenses: Repairs
total $40,960 · program services $40,960
-
24e · All other expenses
total $26,081 · program services $23,171 · management and general $2,810 · fundraising $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $345,468 · end of year $499,342
-
2 · Savings and temporary cash investments
end of year $29,080
-
3 · Pledges and grants receivable
end of year $2,546,710
-
9 · Prepaid expenses and deferred charges
end of year $48,978
-
10a · Land, buildings and equipment: cost or other basis
$10,645,783
-
10b · Land, buildings and equipment: accumulated depreciation
$162,770
-
10c · Land, buildings and equipment, net
end of year $10,483,013
-
15 · Other assets
beginning of year $100,000 · end of year $2,730,990
-
17 · Accounts payable and accrued expenses
beginning of year $82 · end of year $42,810
-
19 · Deferred revenue
end of year $5,000
-
23 · Secured mortgages and notes payable
end of year $6,684,633
-
25 · Other liabilities
end of year $2,712,795
-
27 · Net assets without donor restrictions
beginning of year $445,386 · end of year $3,885,603
-
28 · Net assets with donor restrictions
end of year $3,007,272
Mission and programs · 2022
Mission
Create a world-class music education center where neurodivergent students who have a strong interest in music and low to moderate support needs receive education in music and life skills, preparing them for meaningful growth opportunities that enrich their lives & the community.
-
Provide music education and training to students, and helping students put on recitals for the community.
Expenses $1,060,757 · Revenue $55,990
As filed on the 2022 return.
Listed in Part VII
-
Jennifer Clark
Executive Director
- Total calculated
- $99,661
- From this org
- $99,661
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barbara Lounsbury
Director
- Total calculated
- $0
- Hours/week
- 2
-
Susan Stielow
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joanne Wyss
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rose Maria Van Otterloc
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sharon W Patel
Director
- Total calculated
- $0
- Hours/week
- 2
-
Libby Anderson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Moher
Vice ChairmanDirector
- Total calculated
- $0
- Hours/week
- 2
-
Robert Moher
ChairmanDirector
- Total calculated
- $0
- Hours/week
- 10
-
Fred Kotynski
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jerry Starkey
TreasurerDirector
- Total calculated
- $0
- Hours/week
- 2
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
- 3 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342579349301684
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