Form 990 for tax year 2023
Filed by SHENANDOAH VALLEY MUSIC FESTIVAL.
Totals
- Total revenue
- $599,871
- Total expenses
- $606,959
- Contributions and grants received
- $127,268
- Grants paid
- $0
- Program service revenue
- $429,416
- Investment income
- $13,645
- Other revenue
- $29,542
- Total assets, end of year
- $1,913,675
- Total liabilities, end of year
- $162,772
- Net assets or fund balances, end of year
- $1,750,903
- Program services expenses (Part IX)
- $548,962
- Management and general expenses
- $48,864
- Fundraising expenses
- $9,133
- Program service expenses (Part III)
- $548,962
Program services were 90.4% 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.
-
1b · Membership dues
$4,620
-
1e · Government grants (contributions)
$28,186
-
1f · All other contributions, gifts and grants
$94,462
-
1g · Noncash contributions included above
$13,428
-
2a · Program service revenue: Program Ads-Sponsors
total $35,613 · related or exempt $35,613
-
2b · Program service revenue: Ticket Sales
total $393,803 · related or exempt $393,803
-
3 · Investment income
total $13,645 · excluded $13,645
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$62,423
-
8b · Fundraising events: direct expenses
$35,387
-
8c · Net income from fundraising events
total $27,036 · excluded $27,036
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous
total $2,506 · related or exempt $2,506
-
11e · Other revenue, total
$2,506
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $59,702 · program services $47,762 · management and general $8,955 · fundraising $2,985
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $56,856 · program services $45,485 · management and general $8,528 · fundraising $2,843
-
8 · Pension plan contributions
total $4,494 · program services $3,595 · management and general $674 · fundraising $225
-
9 · Other employee benefits
total $10,038 · program services $8,030 · management and general $1,506 · fundraising $502
-
10 · Payroll taxes
total $8,917 · program services $7,134 · management and general $1,337 · fundraising $446
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,227 · program services $4,982 · management and general $934 · fundraising $311
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,658 · management and general $1,658
-
11g · Fees: other
total $4,321 · program services $3,457 · management and general $648 · fundraising $216
-
12 · Advertising and promotion
total $81,409 · program services $81,409
-
13 · Office expenses
total $1,148 · program services $918 · management and general $173 · fundraising $57
-
14 · Information technology
total $1,350 · management and general $1,350
-
15 · Royalties
total $0
-
16 · Occupancy
total $17,760 · program services $14,208 · management and general $2,664 · fundraising $888
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,132 · management and general $3,132
-
20 · Interest
total $4,159 · program services $3,327 · management and general $624 · fundraising $208
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $5,666 · program services $4,533 · management and general $850 · fundraising $283
-
23 · Insurance
total $8,167 · management and general $8,167
-
24a · Other expenses: Artist Fees
total $222,500 · program services $222,500
-
24b · Other expenses: Production Costs
total $89,443 · program services $89,443
-
24c · Other expenses: Credit Card Discounts
total $8,122 · program services $8,122
-
24d · Other expenses: Dues and fees
total $4,007 · management and general $4,007
-
24e · All other expenses
total $7,883 · program services $4,057 · management and general $3,657 · fundraising $169
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $751,335 · end of year $583,886
-
2 · Savings and temporary cash investments
beginning of year $14,753 · end of year $26,628
-
3 · Pledges and grants receivable
end of year $500,000
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$576,997
-
10b · Land, buildings and equipment: accumulated depreciation
$106,781
-
10c · Land, buildings and equipment, net
beginning of year $475,882 · end of year $470,216
-
11 · Investments: publicly traded securities
beginning of year $156,926 · end of year $332,945
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $6,370 · end of year $4,407
-
19 · Deferred revenue
beginning of year $7,052 · end of year $6,656
-
23 · Secured mortgages and notes payable
beginning of year $155,242 · end of year $151,709
-
27 · Net assets without donor restrictions
beginning of year $1,230,232 · end of year $750,903
-
28 · Net assets with donor restrictions
end of year $1,000,000
Mission and programs · 2023
Mission
Music appreciation and awareness.
-
Organization conducted various concerts open to the public during the summer and fall season, in addition to children's programs.
Expenses $548,962
As filed on the 2023 return.
Listed in Part VII
-
Dennis M Lynch
President
- Total calculated
- $59,702
- From this org
- $59,702
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Julie Armel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg Hoover
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Joan Anderson
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Chris Beach
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Leigh Devier
Director
- Total calculated
- $0
- Hours/week
- 1
-
Susie Hill
Vice Chair
- 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
- 2023
- Filed
- 23 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402709349301115
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