FIVE POINTS MUSIC FOUNDATION

EIN: 815047254 501(c)(3) Arts, Culture & Humanities

ROANOKE, VA

Total Revenue
$769,011
Total Expenses
$721,112
Total Assets
$191,703
Net Assets
$165,590
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
R TYLER GODSEY
Phone
5407955618
Tax Period
2023-01-01 to 2023-12-31

FIVE POINTS MUSIC FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2018. Revenue surged 281% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 6% surplus.

Mission

FIVE POINTS MUSIC'S mission is to pursue the power of sound in all its glory. We do this with our events, workshops, and concerts that also give us a platform to develop & promote our core programs, while ensuring audience members of all abilities have equal access to the concerts and events we are part of. Collectively, we combine our events, outreach, & strategic partnerships to develop, promote, and fund programs supporting Hearing Loss Advocacy, Accessibility Initiatives, & Music Therapy while emphasizing the role that Public Art enhances our ability to connect to our target audiences. Our hearing loss advocacy efforts aim to create a more sound friendly world and include managing safe decibel levels for concert goers, offering free hearing protection for all age groups, & providing free hearing screenings at various community events, festivals, live concerts, & public engagement activities. Our accessibility programs focus on expanding ADA access and inclusivity to our events and

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $147,865
Program Service Revenue $561,564
Investment Income $0
Other Revenue $59,582
TOTAL REVENUE $769,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,325
Fundraising Expenses $35,083
Program Expenses $650,929
Other Expenses $675,787
TOTAL EXPENSES $721,112

Year-over-Year Comparison

2023 2022 Change
Revenue $769,011 $623,273 +0.2%
Expenses $721,112 $704,971 +0.0%
Net Income $47,899 $-81,698 -1.6%
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
25

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
4
$44,125
Total Directors
5
$213
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
R TYLER GODSEY Executive Dir. 40.00
Officer
$44,125 $0 $44,125
JUSTIN PINCKNEY Director 2.00
Director
$213 $0 $213
MICHELLE DARBY Secretary 2.00
Officer Director
$0 $0 $0
MATT FITZGERALD Director 0.00
Director
$0 $0 $0
BRAD BERTINOT Treasurer 2.00
Officer Director
$0 $0 $0
SCHUYLER GODSEY CHAIR 2.00
Officer 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
2024 No data No data No data No data
2023 $769,011 $721,112 $191,703 $47,899
2022 $623,273 $704,971 $153,885 $-81,698
2021 $676,471 $438,359 $252,644 $238,112
2019 $386,861 $372,656 $26,000 $14,205
2018 $312,628 $292,376 $29,830 $20,252
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