Civic Intelligence

Musicians Foundation

990EZ • Fiscal year 2016 • EIN 20-1799730

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

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

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

6th percentile

-76%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

12th percentile

-38%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-61%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$54,454

Down $33,024 (-38%) from 2015

Net Assets

Down

$54,454

Down $33,024 (-38%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$43,176

Down $68,386 (-61%) from 2015

Expenses

Up

$76,200

Up $21,264 (+39%) from 2015

Net Income

Down

-$33,024

Down $89,650 (-158%) from 2015

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

2016

Assets$54,454
Liabilities$0
Net Assets$54,454

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

2016

Revenue$43,176
Expenses$76,200
Net Income-$33,024
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$43,176
Mission and Program Overview

Mission

Charitable

Program Services

DescriptionGrantsExpenses
Donation from Joe Bonamassa Torch Bearer awarded a student with full scholarship for one year in Guitar program.$26,250$0
The Veterans Scholarship has provided scholarships for 1 talented and deserving young artist for 2 quarters as they prepare for a career in music.$10,000$0
The Schecter Synyster Gates Guitar Scholarship has assisted 4 advanced Heavy Rock and Metal guitarists with their educational development.$7,500$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
2017-05-04
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 15 different Scholarships to 29 students during Calendar Year 2016. The BA of Music Scholarship awarded $1,000 to 1 student. The Chuck Silverman Memorial awarded $1,000 to 1 student. The D'Addario Guitar Scholarship awarded $3,000 to 2 students. The Evans Drum Scholarship awarded $2,000 to 2 students. The George Duke Scholarship awarded $2,000 to 1 student. The Hosa Technology Scholarship awarded $1,000 to 1 students. The Joe Bonamassa Scholarship awarded $26,250 to 1 student. The Melodic Soloing Scholarship awarded $1,500 to 1 student. The President's Award awarded $4,500 to 3 students. The Schecter Guitar Scholarship awarded $7,500 to 4 students. The Seymour Duncan Scholarship awarded $7,000 to 5 students. The Takamine Guitar Scholarship awarded $1,500 to 1 student. The Universal Citywalk Scholarship awarded $1,500 to 1 student. The Veterans Scholarship awarded $10,000 to 1 student. The W. Crane Guy Scholarship awarded $5000 to 4 students. Donated $550 to the Grammy U Professional Development.

Form 990-EZ, Part I, Line 16

Service charges and filing fee.

Raw XML Appendix188 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/OfficerDirectorTrusteeEmplGrp/PersonNm0Beth Marlis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Monica Mancillas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chief Executive Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Foundation Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt092
IRS990EZ/OtherRevenueTotalAmt07440
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Charitable
IRS990EZ/PrintingPublicationsPostageAmt08
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Veterans Scholarship has provided scholarships for 1 talented and deserving young artist for 2 quarters as they prepare for a career in music.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Donation from Joe Bonamassa Torch Bearer awarded a student with full scholarship for one year in Guitar program.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The Schecter Synyster Gates Guitar Scholarship has assisted 4 advanced Heavy Rock and Metal guitarists with their educational development.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt126250
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt27500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt076200
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt043176
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.themusiciansfoundation.org/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt035586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0102255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt053859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt041668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt067455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0300823
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017155
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014355
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rent revenue from usage of concert hall.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Foundation awarded 15 different Scholarships to 29 students during Calendar Year 2016. The BA of Music Scholarship awarded $1,000 to 1 student. The Chuck Silverman Memorial awarded $1,000 to 1 student. The D'Addario Guitar Scholarship awarded $3,000 to 2 students. The Evans Drum Scholarship awarded $2,000 to 2 students. The George Duke Scholarship awarded $2,000 to 1 student. The Hosa Technology Scholarship awarded $1,000 to 1 students. The Joe Bonamassa Scholarship awarded $26,250 to 1 student. The Melodic Soloing Scholarship awarded $1,500 to 1 student. The President's Award awarded $4,500 to 3 students. The Schecter Guitar Scholarship awarded $7,500 to 4 students. The Seymour Duncan Scholarship awarded $7,000 to 5 students. The Takamine Guitar Scholarship awarded $1,500 to 1 student. The Universal Citywalk Scholarship awarded $1,500 to 1 student. The Veterans Scholarship awarded $10,000 to 1 student. The W. Crane Guy Scholarship awarded $5000 to 4 students. Donated $550 to the Grammy U Professional Development.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Service charges and filing 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
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Vuong Tran
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Senior Accountant
ReturnHeader/BusinessOfficerGrp/PhoneNum03238601182
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
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/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.66.202.195
ReturnHeader/ReturnTs02017-05-04T19:05:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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