Civic Intelligence

Annapolis Musicians Fund for Musicians Inc.

990EZ • Fiscal year 2019 • EIN 20-2801578

Sep 01, 2018 to Aug 31, 2019 • Filed on Dec 18, 2019

PO Box 6262Annapolis, MD 21401

(443) 254-8473

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

29th percentile

-9.5%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Flat

$88,336

Flat from 2019

Net Assets

$88,336

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Flat

$53,325

Flat from 2019

Expenses

Flat

$62,637

Flat from 2019

Net Income

Flat

-$9,312

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $64,043Liabilities 2010: $02010Assets 2011: $64,776Liabilities 2011: $02011Assets 2012: $78,948Net Assets 2012: $78,9482012Assets 2013: $79,044Net Assets 2013: $79,0442013Assets 2014: $70,045Liabilities 2014: $9Net Assets 2014: $70,0362014Assets 2015: $73,136Net Assets 2015: $73,1362015Assets 2016: $88,413Net Assets 2016: $88,4132016Assets 2017: $112,161Liabilities 2017: $02017Assets 2018: $97,648Net Assets 2018: $97,6482018Assets 2019: $88,336Net Assets 2019: $88,3362019Assets 2019: $88,336Liabilities 2019: $02019Assets 2020: $37,744Net Assets 2020: $37,7442020Assets 2021: $92,836Net Assets 2021: $92,8362021Assets 2022: $126,496Net Assets 2022: $126,4962022Assets 2023: $154,679Liabilities 2023: $02023Assets 2024: $155,567Net Assets 2024: $155,5672024Assets 2025: $168,805Net Assets 2025: $168,8052025

Highlighted filing

2019

Assets$88,336
Liabilities-
Net Assets$88,336

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $27,210Expenses 2010: $8,780Net Income 2010: $18,4302010Revenue 2011: $17,502Expenses 2011: $16,769Net Income 2011: $7332011Revenue 2012: $34,821Expenses 2012: $20,649Net Income 2012: $14,1722012Revenue 2013: $30,013Expenses 2013: $29,917Net Income 2013: $962013Revenue 2014: $33,025Expenses 2014: $42,033Net Income 2014: -$9,0082014Revenue 2015: $32,539Expenses 2015: $29,439Net Income 2015: $3,1002015Revenue 2016: $69,236Expenses 2016: $53,959Net Income 2016: $15,2772016Revenue 2017: $53,881Expenses 2017: $30,133Net Income 2017: $23,7482017Revenue 2018: $62,284Expenses 2018: $76,797Net Income 2018: -$14,5132018Revenue 2019: $53,325Expenses 2019: $62,637Net Income 2019: -$9,3122019Revenue 2019: $53,325Expenses 2019: $62,637Net Income 2019: -$9,3122019Revenue 2020: $119,807Expenses 2020: $170,399Net Income 2020: -$50,5922020Revenue 2021: $181,882Expenses 2021: $126,790Net Income 2021: $55,0922021Revenue 2022: $94,262Expenses 2022: $60,602Net Income 2022: $33,6602022Revenue 2023: $99,055Expenses 2023: $70,872Net Income 2023: $28,1832023Revenue 2024: $92,672Expenses 2024: $91,784Net Income 2024: $8882024Revenue 2025: $102,872Expenses 2025: $89,634Net Income 2025: $13,2382025

Highlighted filing

2019

Revenue$53,325
Expenses$62,637
Net Income-$9,312
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Dec 18, 2019
Return Version
2018v3.1
Gross Receipts
$59,760
Mission and Program Overview

Mission

The Annapolis Musicians Fund for Musicians, Inc. (AMFM) provides support to qualifying Annapolis-area musical arts education programs; funds qualifying musical education scholarships; provides temporary financial relief on an as-needed basis to qualified professional Annapolis-area musicians who lose work due to unforeseen events or are unable to work due to catastrophic events; provides financial support to a deceased musicians immediate family or a musician who has lost an immediate family member; and promotes the musical arts and artists in the Annapolis, Maryland area.

The Annapolis Musicians Fund for Musicians, Inc. (AMFM) provides support to Annapolis area based musical arts education programs and provides temporary financial relief to professional Annapolis area musicians. The financial relief is intended to ensure that a loss of work by a qualifying musician will not result in financial collapse. That safety net provides rare security for Annapolis area musicians, creating an opportunity for them to pursue musical artistry with a greater degree of assurance and equanimity, benefitting the musical arts community at large by benefiting the musicians themselves. AMFM also created a Catastrophic Fund, which provides financial assistance to Annapolis area musicians who have suffered a catastrophic loss or injury. Additionally, AMFM provides a summer grant for programs which further childrens musical education; these fund children in need, who cannot normally afford such programs. Finally, AMFM has created a middle school music scholarship grant progra

Program Services

DescriptionGrantsExpenses
During fiscal year that ended August 31, 2019, the AMFM Board of Directors approved ninety-seven (97) applications for lost work benefits submitted by forty-five (45) qualified Annapolis area musicians, in the total amount of $20,478. Additionally, $22,500 was granted to five (5) applicants for catastrophic benefits. Also during this period, $5,982 in private musical and vocal instruction benefits were paid for school age students from the Tim King Scholarship Fund. Finally, the Board of Directors also approved a donation of $4,000 for an Annapolis area 501(c)(3) organization for its musical education program and $5,000 for a college scholarship to a college freshman majoring in music performance.$4,677$57,960
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew P McConvillePresident-$0--
Sean M O'NeillTreasurer-$0--
Leah WeissDirector-$0--
Larry ByrneSecretary-$0--
Pamela J ThomasVice President-$0--
Brian CahalanDirector-$0--
Carolyn KrohnDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
In The Vane$19,902$19,150$3,271$15,879
An Annapolis Christmas$19,218$17,875$3,164$14,711
Total Events$39,120$37,025$6,435$30,590
Filing and Contact Details

Filer

Filer Name
Annapolis Musicians Fund for
EIN
20-2801578
Phone
4432548473
Address
PO Box 6262, Annapolis, MD 21401

Signing Officer

Name
Sean O'Neill
Title
Treasurer
Signed
2019-12-18
Discuss with paid preparer
Yes

Preparer

Firm
Martha S Jacobs CPA
Address
4410 Fairways Blvd 301, Bradenton, FL 34209
Preparer
Martha S Jacobs CPA
Phone
4103531363
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.82

Class of Activity: Catastrophic Relief | Donee's Name: Catastrophic | Relationship of Donee: None | Cash Amount Given: $22500

Grants and Similar Amounts Paid In Excess of $5,000.84

Class of Activity: Financial Relief | Donee's Name: Lost Gig | Relationship of Donee: None | Cash Amount Given: $20478

Grants and Similar Amounts Paid In Excess of $5,000.85

Class of Activity: Musical Arts Education | Donee's Name: Tim King Scholarships | Relationship of Donee: None | Cash Amount Given: $10982

Other Expenses.1

Administrative Assistant $2593

Other Expenses.2

Promotional Items $1473

Other Expenses.3

Tax Preparation Fee $300

Other Expenses.4

PO Box Rental $96

Other Expenses.5

State Registration Fee $75

Other Expenses.6

Bank & PayPal Service Fees $68

Other Expenses.7

Postage $56

Other Expenses.8

Meeting Expenses $16

Other Assets.1010

Inventories - Beginning $1001 Inventories - Ending $0

Raw XML Appendix223 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.

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IRS990EZ/PrimaryExemptPurposeTxt0The Annapolis Musicians Fund for Musicians, Inc. (AMFM) provides support to Annapolis area based musical arts education programs and provides temporary financial relief to professional Annapolis area musicians. The financial relief is intended to ensure that a loss of work by a qualifying musician will not result in financial collapse. That safety net provides rare security for Annapolis area musicians, creating an opportunity for them to pursue musical artistry with a greater degree of assurance and equanimity, benefitting the musical arts community at large by benefiting the musicians themselves. AMFM also created a Catastrophic Fund, which provides financial assistance to Annapolis area musicians who have suffered a catastrophic loss or injury. Additionally, AMFM provides a summer grant for programs which further childrens musical education; these fund children in need, who cannot normally afford such programs. Finally, AMFM has created a middle school music scholarship grant progra
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0During fiscal year that ended August 31, 2019, the AMFM Board of Directors approved ninety-seven (97) applications for lost work benefits submitted by forty-five (45) qualified Annapolis area musicians, in the total amount of $20,478. Additionally, $22,500 was granted to five (5) applicants for catastrophic benefits. Also during this period, $5,982 in private musical and vocal instruction benefits were paid for school age students from the Tim King Scholarship Fund. Finally, the Board of Directors also approved a donation of $4,000 for an Annapolis area 501(c)(3) organization for its musical education program and $5,000 for a college scholarship to a college freshman majoring in music performance.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Class of Activity: Musical Arts Education | Donee's Name: Tim King Scholarships | Relationship of Donee: None | Cash Amount Given: $10982
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Inventories - Beginning $1001 Inventories - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.82
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Grants and Similar Amounts Paid In Excess of $5,000.85
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
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ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sean O'Neill
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Annapolis Musicians Fund for
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Musicians Inc
ReturnHeader/Filer/BusinessNameControlTxt0ANNA
ReturnHeader/Filer/EIN0202801578
ReturnHeader/Filer/PhoneNum04432548473
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 6262
ReturnHeader/Filer/USAddress/CityNm0Annapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833374316
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Martha S Jacobs CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04410 Fairways Blvd 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bradenton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034209
ReturnHeader/PreparerPersonGrp/PhoneNum04103531363
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Martha S Jacobs CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-12-19T13:43:25-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.69$1.69$1.03$0.90$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.56$1.56$0.93$0.92$0.01
2023Summary only. Only limited summary data is available for this year.$1.55$0.00$0.99$0.71$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$1.26$0.94$0.61$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.93$1.82$1.27$0.55
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.38$1.20$1.70$0.51
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.88$0.53$0.63$0.09
2019Summary only. Only limited summary data is available for this year.$0.88$0.00$0.53$0.63$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.98$0.62$0.77$0.15
2017Summary only. Only limited summary data is available for this year.$1.12$0.00$0.54$0.30$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.88$0.69$0.54$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.73$0.33$0.29$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$0.33$0.42$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.79$0.30$0.30$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.79$0.35$0.21$0.14
2011Summary only. Only limited summary data is available for this year.$0.65$0.00$0.18$0.17$0.01
2010Summary only. Only limited summary data is available for this year.$0.64$0.00$0.27$0.09$0.18