REBECCA PENNEYS FRIENDS OF PIANO INC

EIN: 461577835 501(c)(3) Arts, Culture & Humanities

ST PETE BEACH, FL

Total Revenue
$471,342
Total Expenses
$234,205
Total Assets
$1,526,372
Net Assets
$1,526,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
REBECCA PENNEYS
Phone
5853300259
Tax Period
2025-01-01 to 2025-12-31

REBECCA PENNEYS FRIENDS OF PIANO INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $471K in total revenue in fiscal year 2025. The organization ran a surplus of $237K, a strong 50% operating margin.

Mission

TO (I) EDUCATE, MENTOR, AND TRAIN PIANISTS FROM AROUND THE WORLD IN SOLO PIANO, PIANO CHAMBER MUSIC AND PIANO ENSEMBLE; (II) CREATE A PLATFORM FOR PIANISTS TO GIVE BACK TO THEIR COMMUNITIES BY PERFORMING FOR THEIR PEERS IN PUBLIC VENUES, AND TO PROMOTE AND SUPPORT CLASSICAL MUSIC AND THE ARTS; (III) ENCOURAGE MUSIC CURRICULUM AND MUSIC WELLNESS IN SCHOOLS AND IN THE PRIVATE SECTOR; (IV) ORGANIZE, DEVELOP AND PROMOTE WORKSHOPS, CLASSES, SEMINARS, CURRICULUM, CONCERTS AND PIANO COMPETITIONS TO ASSIST STUDENTS, TEACHERS AND AMATEUR MUSICIANS IN HONING THEIR TECHNICAL SKILLS, MUSIC SENSIBILITIES AND APPRECIATION OF MUSIC; (V) ASSIST IN FINANCING ACADEMIC EDUCATIONS AND LAUNCHING CAREERS; AND (VI) IMPLANT FIRMLY IN THE STUDENTS THE IDEALS OF HARD WORK, COMMITMENT, AND SELF-EXPRESSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $321,154
Program Service Revenue $66,817
Investment Income $83,371
Other Revenue $0
TOTAL REVENUE $471,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $234,205
Other Expenses $234,205
TOTAL EXPENSES $234,205

Year-over-Year Comparison

2025 2024 Change
Revenue $471,342 $454,384 +0.0%
Expenses $234,205 $204,318 +0.1%
Net Income $237,137 $250,066 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA A PENNEYS PRESIDENT/SECRETARY/DIRECT 30.00
Director
$0 $0 $0
RAYMOND L GOTTLIEB VICE PRESIDENT/TREASURER 10.00
Director
$0 $0 $0
SIDNEY BRAVERMAN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $471,342 $234,205 $1,526,372 $237,137
2024 $454,384 $204,318 $1,177,107 $250,066
2023 $346,568 $175,687 $892,946 $170,881
2022 $219,302 $133,453 $580,078 $85,849
2021 $242,602 $115,811 $617,974 $126,791
2019 $220,202 $88,169 $361,037 $132,033
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