Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Penn Square Opera
990EZ • Fiscal year 2021 • EIN 81-3607634
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.10x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 10.4% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$117,969
No earlier filing loaded for comparison.
Net Assets
-$11,831
No earlier filing loaded for comparison.
Liabilities
$129,800
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$90,194
No earlier filing loaded for comparison.
Expenses
$153,649
No earlier filing loaded for comparison.
Net Income
-$63,455
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Mar 29, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $90,194
Mission and Program Overview
Mission
Penn Square Music Conservatory
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Penn Square Music Conservatory- Penn Square Music Conservatory provides music lessons to local children and adults ages 5-85 years old. About 100 persons benefited from lessons at the Conservatory in 2021. | $0 | $22,836 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Sarah Peppe | Administrative Assistant | PT | $9,405 | - | $9,405 |
| Phyllis Drackley | Secretary | - | $4,522 | - | $4,522 |
| Scott Drackley | Executive Director | FT | $4,045 | - | $4,045 |
| Joshua Rinier | President | PT | $0 | - | - |
| Brian Salldin | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Penn Square Music Festival
- EIN
- 81-3607634
- Phone
- 7173142591
- Address
- PO Box 11265, Lancaster, PA 17605
Signing Officer
- Name
- Scott Drackley
- Title
- Artistic Director
- Phone
- 7173142591
- Signed
- 2022-03-29
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Includes all other expenses not classified in lines 10-15. The majority of these expenses include Advertising and Marketing ($19,756) and Legal and Professional Services ($24,406). This also includes negative income from investments ($-216).”
Form 990-EZ, Part I, Line 20
“Included cash received from Merger with Opera Lancaster”
Form 990-EZ, Part II, Line 24
“Includes Security Deposit on Facility ($1,300) and Fixed Assets ($1,000). The fixed assets were fully depreciated in 2021.”
Form 990-EZ, Part II, Line 26
“Includes Notes Payable”
Raw XML Appendix166 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Scott Drackley |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7173142591 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 940 Marshall Avenue |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Lancaster |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 17601 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2652 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 116669 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 56554 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -63455 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 41873 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 4953 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 117969 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 90194 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 4953 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -11831 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 4953 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -11831 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 21614 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 4045 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 4522 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 9405 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Scott Drackley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Joshua Rinier |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Brian Salldin |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Phyllis Drackley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Sarah Peppe |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Executive Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Administrative Assistant |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2301 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1300 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 46671 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 61169 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Penn Square Music Conservatory |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 13056 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 33640 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Penn Square Music Conservatory- Penn Square Music Conservatory provides music lessons to local children and adults ages 5-85 years old. About 100 persons benefited from lessons at the Conservatory in 2021. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 22836 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 15937 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 129800 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 153649 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 22836 |
| IRS990EZ/TotalRevenueAmt | 0 | 90194 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | pennsquaremusicfestival.com |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 56554 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 28709 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 51010 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 26808 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6647 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 169728 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 129900 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 129900 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 169728 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 56554 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 28709 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 51010 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 26808 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6647 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 169728 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 299628 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Includes all other expenses not classified in lines 10-15. The majority of these expenses include Advertising and Marketing ($19,756) and Legal and Professional Services ($24,406). This also includes negative income from investments ($-216). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Included cash received from Merger with Opera Lancaster |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Includes Security Deposit on Facility ($1,300) and Fixed Assets ($1,000). The fixed assets were fully depreciated in 2021. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Includes Notes Payable |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Scott Drackley |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Artistic Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7173142591 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-03-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PENN SQUARE MUSIC FESTIVAL |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PENN |
| ReturnHeader/Filer/EIN | 0 | 813607634 |
| ReturnHeader/Filer/PhoneNum | 0 | 7173142591 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 11265 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Lancaster |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 17605 |
| ReturnHeader/ReturnTs | 0 | 2022-03-29T10:14:22-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $117,969
- Liabilities
- $129,800
- Net assets
- -$11,831
- Revenue
- $90,194
- Expenses
- $153,649
- Net income
- -$63,455