OKEEFE MUSIC FOUNDATION INC

EIN: 471692867 501(c)(3) Arts, Culture & Humanities

LEBANON, OH

Total Revenue
$27,376
Total Expenses
$31,809
Total Assets
$18,869
Net Assets
$-3,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
OH
Phone
1532023050
Tax Period
2020-01-01 to 2020-12-31

OKEEFE MUSIC FOUNDATION INC, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $27K in total revenue in fiscal year 2020. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $32K exceeded revenue, resulting in a 16% operating deficit.

Mission

The O'Keefe Music Foundation is a nonprofit 501(c)(3) music organization that offers a free music education to students age 18 and younger. Our program includes music lessons, music camps, recording sessions and music video production.

Program Service Accomplishments

Program 1
Expenses: $25,588 Revenue: $0

The O'Keefe Music Foundation recording session program gives students the opportunity to rehearse and collaborate on songs while using the finest equipment available. All music performances are...

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The O'Keefe Music Foundation recording session program gives students the opportunity to rehearse and collaborate on songs while using the finest equipment available. All music performances are captured on film and shared with a global audience of over 500,000 people per month.

Program 2
Expenses: $3,278 Revenue: $0

The O'Keefe Music Foundation has an excellent private lesson program for students of all ages and levels of musical ability. The OMF program focuses on a wide range of musical genres: rock, jazz...

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The O'Keefe Music Foundation has an excellent private lesson program for students of all ages and levels of musical ability. The OMF program focuses on a wide range of musical genres: rock, jazz, blues, classical, metal and film scores to name just a few. Our team of private music instructors offer in person and remote lessons. This instruction is designed to prepare students for our classes, recording sessions and music camps.

Program 3
Expenses: $1,639 Revenue: $0

At the O'Keefe Music Foundation camps, students study music, audio engineering and production while enjoying traditional camp activities that encourage a connection with nature and foster...

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At the O'Keefe Music Foundation camps, students study music, audio engineering and production while enjoying traditional camp activities that encourage a connection with nature and foster friendships. No tv, no social media and no smartphones. Just making music and new friends.

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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 (2020)

Revenue Breakdown

Contributions & Grants $11,602
Program Service Revenue $15,774
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $486
Program Expenses $30,505
Other Expenses $31,809
TOTAL EXPENSES $31,809

Year-over-Year Comparison

2020 2019 Change
Revenue $27,376 $23,984 +0.1%
Expenses $31,809 $24,331 +0.3%
Net Income $-4,433 $-347 +11.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
22

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron OKeefe President 15.00
Director
$0 $0 $0
Shawn Hudgins Board Chair 3.00
Director
$0 $0 $0
John Quinto Vice Chair 0
Director
$0 $0 $0
Brian Anderson Secretary of the Board 0
Director
$0 $0 $0
Joe Boloqui Treasurer 0
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
2020 $27,376 $31,809 $18,869 $-4,433
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