Civic Intelligence

Foundation Music School Inc.

990 • Fiscal year 2016 • EIN 20-4421806

Sep 01, 2015 to Aug 31, 2016 • Filed on May 11, 2017

Organization ProfileWWW.FOUNDATIONMUSICSCHOOL.ORG

View Organization Page

3501 S Mason St Ste 1Fort Collins, CO 80525

(970) 407-9084

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

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

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

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

Net Margin

48th percentile

2.1%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$50,899

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

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

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

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

Revenue Growth

62nd percentile

8.9%

Faster revenue growth than 62% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$99,816

Up $9,831 (+11%) from 2015

Net Assets

Up

$99,697

Up $9,811 (+11%) from 2015

Liabilities

Up

$119

Up $20 (+20%) from 2015

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin48th percentile

Revenue

Up

$456,533

Up $37,490 (+8.9%) from 2015

Expenses

Up

$446,722

Up $53,880 (+14%) from 2015

Net Income

Down

$9,811

Down $16,390 (-63%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$400K$300K$200K$100K$0Assets 2010: $23,563Liabilities 2010: $3,463Net Assets 2010: $20,1002010Assets 2011: $26,290Liabilities 2011: $872011Assets 2012: $35,397Liabilities 2012: $175Net Assets 2012: $35,2222012Assets 2013: $42,873Liabilities 2013: $178Net Assets 2013: $42,6952013Assets 2014: $63,794Liabilities 2014: $109Net Assets 2014: $63,6852014Assets 2015: $89,985Liabilities 2015: $99Net Assets 2015: $89,8862015Assets 2016: $99,816Liabilities 2016: $119Net Assets 2016: $99,6972016Assets 2017: $211,086Liabilities 2017: $70,448Net Assets 2017: $140,6382017Assets 2018: $232,279Liabilities 2018: $53,082Net Assets 2018: $179,1972018Assets 2019: $254,985Liabilities 2019: $35,009Net Assets 2019: $219,9762019Assets 2020: $280,614Liabilities 2020: $15,982Net Assets 2020: $264,6322020Assets 2021: $365,068Liabilities 2021: $90,375Net Assets 2021: $274,6932021Assets 2022: $326,525Liabilities 2022: $70Net Assets 2022: $326,4552022Assets 2023: $246,615Liabilities 2023: $1,802Net Assets 2023: $244,8132023Assets 2024: $186,321Liabilities 2024: $59,391Net Assets 2024: $126,9302024

Highlighted filing

2016

Assets$99,816
Liabilities$119
Net Assets$99,697
Open 2016 Filing

Operations Trend

Revenue Growth62nd percentile

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

$1.0M$500K$0-$500KRevenue 2010: $143,776Expenses 2010: $117,820Net Income 2010: $25,9562010Revenue 2011: $169,133Expenses 2011: $163,030Net Income 2011: $6,1032011Revenue 2012: $253,535Expenses 2012: $244,516Net Income 2012: $9,0192012Expenses 2013: $291,7032013Revenue 2014: $365,759Expenses 2014: $344,769Net Income 2014: $20,9902014Revenue 2015: $419,043Expenses 2015: $392,842Net Income 2015: $26,2012015Revenue 2016: $456,533Expenses 2016: $446,722Net Income 2016: $9,8112016Revenue 2017: $522,202Expenses 2017: $481,261Net Income 2017: $40,9412017Revenue 2018: $591,942Expenses 2018: $553,383Net Income 2018: $38,5592018Revenue 2019: $638,835Expenses 2019: $598,056Net Income 2019: $40,7792019Revenue 2020: $692,001Expenses 2020: $647,345Net Income 2020: $44,6562020Revenue 2021: $683,587Expenses 2021: $673,526Net Income 2021: $10,0612021Revenue 2022: $861,230Expenses 2022: $809,468Net Income 2022: $51,7622022Revenue 2023: $743,253Expenses 2023: $824,895Net Income 2023: -$81,6422023Revenue 2024: $828,855Expenses 2024: $946,738Net Income 2024: -$117,8832024

Highlighted filing

2016

Revenue$456,533
Expenses$446,722
Net Income$9,811
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$456,533
Mission and Program Overview

Mission

A non-profit community school of the arts committed to providing high- quality opportunities in the arts to interested individuals of all ages, abilities and incomes.

A non-profit community school of the arts dedicated to providing music programs to all members of the community, including individuals with special needs and limited economic resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$89,722$98,198▲ $8,476
Intangible Assets$139$114▼ $25
Land, Buildings, and Equipment, Net$124$89▼ $35
Total Assets$89,985$99,816▲ $9,831
Other Assets Total-$1,415-
Liabilities
Other Liabilities-$119-
Accounts Payable and Accrued Expenses$99--
Total Liabilities$99$119▲ $20
Net Assets / Fund Balance
Unrestricted Net Assets$89,886$99,697▲ $9,811
Total Net Assets Fund Balance$89,886$99,697▲ $9,811
Total Liabilities and Net Assets / Fund Balance$89,985$99,816▲ $9,831

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$89$2,338$2,427
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen ParsellExecutive DiFT$50,899$50,899

Board Members and Trustees

NameTitle
Kelly MccallumPresident
Sally HarrisBoard Member
Susan GrahamBoard Member
Teresa SedlakBoard Member
Pam MillerAssistant Se
Katherine AcottSecretary
Scott RunyanTreasurer
Mark MccallumVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$195,550
Program Service Revenue
$259,667
Investment Income
$0
Other Revenue
$1,316
All Other Contributions
$179,151
Change in Net Assets
$9,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$347,383
Other Expenses$99,339
Total Fundraising Expense$7,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$233,360$12,038$3,423$248,821
Payroll Taxes$76,587$3,951$1,124$81,662
Occupancy$54,929--$54,929
Other Employee Benefits$15,276$1,170$454$16,900
All Other Expenses$7,181$404$121$7,706
Insurance$3,616$3,562-$7,178
Other Expenses$4,202-$2,555$2,555
Office Expenses$2,088$216$96$2,400
Fees for Services Other$1,334$453-$1,787
Advertising$1,446--$1,446
Fees for Services Accounting-$1,125-$1,125
Conferences and Meetings-$292-$292
Travel$287--$287
Depreciation Depletion$60--$60
Total Functional Expenses$415,738$23,211$7,773$446,722
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,316
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bowling for Bea$10,204---
Total Events$10,204---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Foundation Music School
EIN
20-4421806
Phone
9704079084
Address
3501 S MASON ST STE 1, FORT COLLINS, CO 80525

Signing Officer

Name
Karen Parsell
Title
Executive Director
Phone
9704079084
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Parsell
Voting Board Members
6
Independent Board Members
6
Employees
18

Preparer

Firm
Shaw & Associates CPA Pc
Address
1044 W DRAKE RD STE 201, FORT COLLINS, CO 80526-3080
Preparer
Kevin W Shaw
Phone
9702230792
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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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0255844
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0207897
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0170564
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0132604
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01027892
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.59650
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01070113
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0175613
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0167744
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0139250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0124399
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0116927
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0723933
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0456533
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0419043
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0365759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0299176
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0253535
IRS990ScheduleA/Total509Grp/TotalAmt01794046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0456533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0419043
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0365759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0299176
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0253535
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01794046
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02338
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089
IRS990ScheduleD/TotalLiabilityAmt0119
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010204
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010204
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOWLING FOR BEA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt010204
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt010204
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt089985
IRS990/TotalAssetsEOYAmt099816
IRS990/TotalAssetsGrp/BOYAmt089985
IRS990/TotalAssetsGrp/EOYAmt099816
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0195550
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07773
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023211
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0415738
IRS990/TotalFunctionalExpensesGrp/TotalAmt0446722
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099
IRS990/TotalLiabilitiesEOYAmt0119
IRS990/TotalLiabilitiesGrp/BOYAmt099
IRS990/TotalLiabilitiesGrp/EOYAmt0119
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt099697
IRS990/TotalProgramServiceExpensesAmt0415738
IRS990/TotalProgramServiceRevenueAmt0259667
IRS990/TotalReportableCompFromOrgAmt050899
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0259667
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0456533
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt089985
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt099816
IRS990/TravelGrp/ProgramServicesAmt0287
IRS990/TravelGrp/TotalAmt0287
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt089886
IRS990/UnrestrictedNetAssetsGrp/EOYAmt099697
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FOUNDATIONMUSICSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN PARSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09704079084
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION MUSIC SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0204421806
ReturnHeader/Filer/PhoneNum09704079084
ReturnHeader/Filer/USAddress/AddressLine1Txt03501 S MASON ST STE 1
ReturnHeader/Filer/USAddress/CityNm0FORT COLLINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080525
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760706897
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHAW & ASSOCIATES CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01044 W DRAKE RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT COLLINS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0805263080
ReturnHeader/PreparerPersonGrp/PhoneNum09702230792
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN W SHAW
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-12T16:52:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$99,816
Liabilities
$119
Net assets
$99,697
Revenue
$456,533
Expenses
$446,722
Net income
$9,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.59$1.27$8.29$9.47$1.18
2023Detailed filing. Detailed filing data is available for this year.$2.47$0.02$2.45$7.43$8.25$0.82
2022Detailed filing. Detailed filing data is available for this year.$3.27$0.00$3.26$8.61$8.09$0.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.90$2.75$6.84$6.74$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.81$0.16$2.65$6.92$6.47$0.45
2019Detailed filing. Detailed filing data is available for this year.$2.55$0.35$2.20$6.39$5.98$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.32$0.53$1.79$5.92$5.53$0.39
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.70$1.41$5.22$4.81$0.41
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$4.57$4.47$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$4.19$3.93$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$3.66$3.45$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$2.92
2012Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$2.54$2.45$0.09
2011Summary only. Only limited summary data is available for this year.$0.26$0.00$1.69$1.63$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.03$0.20$1.44$1.18$0.26