Civic Intelligence

Musicians Foundation

990EZ • Fiscal year 2015 • EIN 20-1799730

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 25, 2016

6752 Hollywood BlvdHollywood, CA 90028

(323) 860-4354

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

95th percentile

184%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

94%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$87,478

Up $56,626 (+184%) from 2014

Net Assets

$87,478

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$111,562

Up $54,038 (+94%) from 2014

Expenses

Down

$54,936

Down $18,232 (-25%) from 2014

Net Income

Up

$56,626

Up $72,270 (+462%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2012: $95,857Liabilities 2012: $19,4802012Assets 2013: $46,506Liabilities 2013: $102013Assets 2014: $30,852Liabilities 2014: $02014Assets 2015: $87,478Liabilities 2015: $0Net Assets 2015: $87,4782015Assets 2016: $54,454Liabilities 2016: $0Net Assets 2016: $54,4542016Assets 2017: $53,483Liabilities 2017: $0Net Assets 2017: $53,4832017Assets 2018: $59,184Liabilities 2018: $0Net Assets 2018: $59,1842018Assets 2019: $52,545Liabilities 2019: $0Net Assets 2019: $52,5452019Assets 2020: $72,742Liabilities 2020: $0Net Assets 2020: $72,7422020Assets 2021: $76,478Liabilities 2021: $0Net Assets 2021: $76,4782021

Highlighted filing

2015

Assets$87,478
Liabilities$0
Net Assets$87,478

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2012: $74,672Expenses 2012: $67,163Net Income 2012: $7,5092012Revenue 2013: $49,114Expenses 2013: $75,262Net Income 2013: -$26,1482013Revenue 2014: $57,524Expenses 2014: $73,168Net Income 2014: -$15,6442014Revenue 2015: $111,562Expenses 2015: $54,936Net Income 2015: $56,6262015Revenue 2016: $43,176Expenses 2016: $76,200Net Income 2016: -$33,0242016Revenue 2017: $32,677Expenses 2017: $33,647Net Income 2017: -$9702017Revenue 2018: $32,747Expenses 2018: $27,046Net Income 2018: $5,7012018Revenue 2019: $44,223Expenses 2019: $50,862Net Income 2019: -$6,6392019Revenue 2020: $34,891Expenses 2020: $14,694Net Income 2020: $20,1972020Revenue 2021: $40,934Expenses 2021: $37,198Net Income 2021: $3,7362021

Highlighted filing

2015

Revenue$111,562
Expenses$54,936
Net Income$56,626
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 25, 2016
Return Version
2015v2.1
Gross Receipts
$111,562
Mission and Program Overview

Mission

Charitable

Program Services

DescriptionGrantsExpenses
The Stanley Clarke Foundation has provided scholarships for 5 talented and deserving young artist as they prepare for a career in music.$12,000$0
Donation form Joe Bonamassa Torch Bearer awarded a student with full scholarship for fall quarter in Guitar program.$8,750$0
The Schecter Synyster Gates Guitar Scholarship has assisted 3 advanced Heavy Rock and Metal guitarists with their educational development.$3,750$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Beth MarlisChief Executive OfficerFT$0--
Monica MancillasFoundation SecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Musicians Foundation
EIN
20-1799730
Phone
3238604354
Address
6752 Hollywood Blvd, Hollywood, CA 90028

Signing Officer

Name
Vuong Tran
Title
Senior Accountant
Phone
3238601182
Signed
2016-10-25
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Rent revenue from usage of concert hall.

Form 990-EZ, Part I, Line 10

The Foundation awarded 22 Scholarships to 35 students during Calendar Year 2015. The BA of Music Scholarship awarded $1,000 to 1 student. The Chuck Silverman Memorial awarded $2,000 to 2 students. D'Addario Foundation awarded $1,500 to 1 students. The Daisy Rock Scholarship awarded $1,000 to 1 student. The ESP Guitar Scholarship awarded $3,000 to 3 students. The Evans Drum Scholarship awarded $2,000 to 2 students. The Frank Gambale Guitar Scholarship awarded $1,500 to 1 student. The Hard Rock Café Scholarship awarded $2,000 to 2 students. The Hosa Technology awarded $1,000 to 1 student. The Joe Bonamassa Torch Bearer Scholarship awarded $8,750 to 1 student. The Kevin Lyman Music Business Scholarship awarded $500 for 1 student. The Music Business Program Entrepreneur Scholarship awarded $1,000 to 1 student. The Mitch Faber Memorial Blues Scholarship awarded $1,000 to 1 student. The Schecter Synyster Gater Scholarship awarded $3,750 to 3 student. The Seymour Duncan Guitar Scholarship awarded $2,000 to 2 students. The Sheila E. Drum Scholarships awarded $1,500 to 1 student. The Stanley Clarke Scholarship awarded $12,000 to 5 students. The Takamine Guitar Scholarship awarded $1,500 to 1 student. The W. Crane Guy Memorial Scholarship awarded $3,000 to 3 students. The Western Conference Hip-Hop Scholarship awarded $1,000 to 1 student. The Melodic Soloing Scholarship awarded $1,500 to 1 student

Form 990-EZ, Part I, Line 16

Service charges and filling fee.

Raw XML Appendix175 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Hollywood
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090028
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OccupancyRentUtltsAndMaintAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Beth Marlis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Monica Mancillas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chief Executive Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Foundation Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0186
IRS990EZ/OtherRevenueTotalAmt07545
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Charitable
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Stanley Clarke Foundation has provided scholarships for 5 talented and deserving young artist as they prepare for a career in music.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Donation form Joe Bonamassa Torch Bearer awarded a student with full scholarship for fall quarter in Guitar program.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The Schecter Synyster Gates Guitar Scholarship has assisted 3 advanced Heavy Rock and Metal guitarists with their educational development.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt18750
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt23750
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TotalExpensesAmt054936
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IRS990EZ/TotalRevenueAmt0111562
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0102255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt053859
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt067455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt043995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0309232
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rent revenue from usage of concert hall.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Foundation awarded 22 Scholarships to 35 students during Calendar Year 2015. The BA of Music Scholarship awarded $1,000 to 1 student. The Chuck Silverman Memorial awarded $2,000 to 2 students. D'Addario Foundation awarded $1,500 to 1 students. The Daisy Rock Scholarship awarded $1,000 to 1 student. The ESP Guitar Scholarship awarded $3,000 to 3 students. The Evans Drum Scholarship awarded $2,000 to 2 students. The Frank Gambale Guitar Scholarship awarded $1,500 to 1 student. The Hard Rock Café Scholarship awarded $2,000 to 2 students. The Hosa Technology awarded $1,000 to 1 student. The Joe Bonamassa Torch Bearer Scholarship awarded $8,750 to 1 student. The Kevin Lyman Music Business Scholarship awarded $500 for 1 student. The Music Business Program Entrepreneur Scholarship awarded $1,000 to 1 student. The Mitch Faber Memorial Blues Scholarship awarded $1,000 to 1 student. The Schecter Synyster Gater Scholarship awarded $3,750 to 3 student. The Seymour Duncan Guitar Scholarship awarded $2,000 to 2 students. The Sheila E. Drum Scholarships awarded $1,500 to 1 student. The Stanley Clarke Scholarship awarded $12,000 to 5 students. The Takamine Guitar Scholarship awarded $1,500 to 1 student. The W. Crane Guy Memorial Scholarship awarded $3,000 to 3 students. The Western Conference Hip-Hop Scholarship awarded $1,000 to 1 student. The Melodic Soloing Scholarship awarded $1,500 to 1 student
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Service charges and filling fee.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Sorry for the late filing. We had a couple changes in employees this year. Former employee who prepared prior 990 filing had left, and the current employee had no knowledge of charitable organization tax filing.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Vuong Tran
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Senior Accountant
ReturnHeader/BusinessOfficerGrp/PhoneNum03238601182
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSICIANS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0201799730
ReturnHeader/Filer/PhoneNum03238604354
ReturnHeader/Filer/USAddress/AddressLine1Txt06752 Hollywood Blvd
ReturnHeader/Filer/USAddress/CityNm0Hollywood
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090028
ReturnHeader/ReturnTs02016-10-26T14:11:07-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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