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TEXAS HERITAGE MUSIC FOUNDATION INC

Songs and stories make a difference in the world.

aka Texas Heritage Music Foundation INC   |   Fredericksburg, TX   |  www.texasheritagemusic.org
GuideStar Charity Check

TEXAS HERITAGE MUSIC FOUNDATION INC

EIN: 74-2495227


Mission

Mission: To enrich the lives of the individuals in our community through the telling of stories and the singing of songs.

Ruling year info

1988

President - Board of Directors

Mr. Arthur Levin Crawford

Main address

P. O. Box 2435

Fredericksburg, TX 78624 USA

Show more contact info

EIN

74-2495227

Subject area info

Arts education

Music

Population served info

Children and youth

Adults

Seniors

At-risk youth

NTEE code info

Music (A68)

Arts Education/Schools (A25)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Bard Project

Thanks to generous founding and continued donations from the Hal and Charlie Peterson Foundation, the Texas Heritage Music Foundation is able to fund songwriters, performers, storytellers and demonstrations in area schools, classrooms, and organizations that work with children at risk.

Population(s) Served
Children and youth
At-risk youth

To bring the healing power of music to individuals living in residential care .

Population(s) Served
Seniors

Our 290 Texas House Concert Series showcases Texas musicians in a true salon fashion. House concert attendance is Membership driven with guests attending by invitation only. These events are generally held in a member’s home or backyard, providing an intimate setting to enjoy live music and conversation with a Texas musician.

Events begin with a friendly social prior to the house concert where you can chat with the artist and meet other music lovers. The social hour is potluck style where each person brings a snack to share and beverage of their choosing.


We believe that house concerts are among the best ways to enjoy Texas music. To provide compensation to the artists, the program is funded by through Membership in the 290 Texas House Concert Series.

Population(s) Served
Adults

Where we work

Financials

TEXAS HERITAGE MUSIC FOUNDATION INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

Average of 0.47 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

Average of 2.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

TEXAS HERITAGE MUSIC FOUNDATION INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

TEXAS HERITAGE MUSIC FOUNDATION INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

TEXAS HERITAGE MUSIC FOUNDATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of TEXAS HERITAGE MUSIC FOUNDATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2013 2014 2015 2016 2017
Unrestricted surplus (deficit) before depreciation -$1,668 $27,476 $99,133 $2,440 -$149,212
As % of expenses -2.9% 28.4% 66.6% 1.5% -50.5%
Unrestricted surplus (deficit) after depreciation -$2,053 $27,090 $98,748 $2,247 -$149,212
As % of expenses -3.6% 27.9% 66.2% 1.4% -50.5%
Revenue composition info
Total revenue (unrestricted & restricted) $54,917 $124,301 $246,687 $160,993 $145,724
Total revenue, % change over prior year -5.2% 126.3% 98.5% -34.7% -9.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 1.5% 2.3% 0.9% 1.4% 0.1%
Investment income 2.1% 0.4% 0.0% 0.3% 0.7%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 96.4% 97.3% 99.1% 98.3% 99.1%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $56,733 $96,825 $148,755 $158,752 $295,286
Total expenses, % change over prior year -4.3% 70.7% 53.6% 6.7% 86.0%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 21.3% 41.3% 3.8% 1.4% 0.3%
Occupancy 2.1% 1.3% 0.9% 1.6% 0.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 2.6% 0.0% 2.0% 0.9% 0.0%
All other expenses 73.9% 57.4% 93.3% 96.1% 99.3%
Full cost components (estimated) info 2013 2014 2015 2016 2017
Total expenses (after depreciation) $57,118 $97,211 $149,140 $158,945 $295,286
One month of savings $4,728 $8,069 $12,396 $13,229 $24,607
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $61,846 $105,280 $161,536 $172,174 $319,893

Capital structure indicators

Liquidity info 2013 2014 2015 2016 2017
Months of cash 6.8 7.4 5.0 4.6 2.0
Months of cash and investments 6.8 7.4 5.0 4.6 2.0
Months of estimated liquid unrestricted net assets 7.6 7.9 13.1 12.5 0.6
Balance sheet composition info 2013 2014 2015 2016 2017
Cash $32,132 $59,608 $61,827 $60,897 $48,460
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $3,500 $3,500 $3,500 $3,500 $3,500
Accumulated depreciation (as a % of LBE) 72.5% 83.5% 94.5% 100.0% 100.0%
Liabilities (as a % of assets) 0.0% 0.0% 19.5% 17.9% 67.0%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 $0 $0 $0 $0
Permanently restricted net assets $0 $0 $0 $0 $0
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $37,096 $64,186 $162,934 $165,181 $15,969

Key data checks

Key data checks info 2013 2014 2015 2016 2017
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President - Board of Directors

Mr. Arthur Levin Crawford

Number of employees

Source: IRS Form 990

TEXAS HERITAGE MUSIC FOUNDATION INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

TEXAS HERITAGE MUSIC FOUNDATION INC

Board of directors
as of 02/03/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Art Crawford

Silver Sage Senior Center

Term: 2023 - 2027


Board co-chair

Connie Eckhardt-Nelson

Heritage Place Senior living

Term: 2023 - 2027

Janice Ballard

Retired Social Worker

Art Crawford

Silver Sage Community Center

Connie Eckhardt

Heritage Place

Paul Sumrall

Hill Country Design Build

Clifton Fifer

Community Leader

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 6/22/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability