Civic Intelligence

Hermes Music Foundation

990 • Fiscal year 2017 • EIN 20-5449170

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 14, 2018

817 Chicago AveMcallen, TX 78501

(956) 687-6216

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

33rd percentile

-3.5%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

43rd percentile

-0.8%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-83%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$12,033

Down $96 (-0.8%) from 2016

Net Assets

Down

$12,033

Down $96 (-0.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$2,727

Down $12,889 (-83%) from 2016

Expenses

Down

$2,823

Down $26,494 (-90%) from 2016

Net Income

Up

-$96

Up $13,605 (+99%) from 2016

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2011: $85,370Liabilities 2011: $0Net Assets 2011: $85,3702011Assets 2012: $58,385Liabilities 2012: $0Net Assets 2012: $58,3852012Assets 2013: $3,699Liabilities 2013: $0Net Assets 2013: $3,6992013Assets 2015: $25,830Liabilities 2015: $0Net Assets 2015: $25,8302015Assets 2016: $12,129Liabilities 2016: $0Net Assets 2016: $12,1292016Assets 2017: $12,033Liabilities 2017: $0Net Assets 2017: $12,0332017Assets 2018: $6,084Liabilities 2018: $0Net Assets 2018: $6,0842018Assets 2019: $15,169Liabilities 2019: $0Net Assets 2019: $15,1692019Assets 2020: $16,989Liabilities 2020: $0Net Assets 2020: $16,9892020Assets 2021: $37,517Liabilities 2021: $0Net Assets 2021: $37,5172021Assets 2022: $34,223Liabilities 2022: $0Net Assets 2022: $34,2232022Assets 2023: $31,688Liabilities 2023: $0Net Assets 2023: $31,6882023Assets 2024: $22,907Liabilities 2024: $0Net Assets 2024: $22,9072024

Highlighted filing

2017

Assets$12,033
Liabilities$0
Net Assets$12,033

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $562,2022011Expenses 2012: $233,4572012Revenue 2013: $72,287Expenses 2013: $126,102Net Income 2013: -$53,8152013Revenue 2015: $72,127Expenses 2015: $51,692Net Income 2015: $20,4352015Revenue 2016: $15,616Expenses 2016: $29,317Net Income 2016: -$13,7012016Revenue 2017: $2,727Expenses 2017: $2,823Net Income 2017: -$962017Revenue 2018: $6,000Expenses 2018: $11,949Net Income 2018: -$5,9492018Revenue 2019: $15,720Expenses 2019: $6,635Net Income 2019: $9,0852019Revenue 2020: $7,049Expenses 2020: $5,229Net Income 2020: $1,8202020Revenue 2021: $24,230Expenses 2021: $3,702Net Income 2021: $20,5282021Revenue 2022: $5Expenses 2022: $3,299Net Income 2022: -$3,2942022Revenue 2023: $225Expenses 2023: $2,760Net Income 2023: -$2,5352023Revenue 2024: $0Expenses 2024: $8,781Net Income 2024: -$8,7812024

Highlighted filing

2017

Revenue$2,727
Expenses$2,823
Net Income-$96
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 14, 2018
Return Version
2017v2.3
Gross Receipts
$2,727
Mission and Program Overview

Mission

Operate exclusively for charity

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,104$8,393▼ $1,711
Accounts Receivable$2,025$3,640▲ $1,615
Total Assets$12,129$12,033▼ $96
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$12,129$12,033▼ $96
Total Net Assets Fund Balance$12,129$12,033▼ $96
Total Liabilities and Net Assets / Fund Balance$12,129$12,033▼ $96
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,727
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,727
Change in Net Assets
$-96
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,433
Other Expenses$390
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,433--$2,433
Other Expenses$247--$247
Office Expenses$143--$143
Total Functional Expenses$2,823$0$0$2,823
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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
Hermes Music Foundation
EIN
20-5449170
Address
817 CHICAGO AVE, MCALLEN, TX 78501

Signing Officer

Name
Guillermo Garza Jr
Title
Director
Signed
2018-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alberto Kreimerman
Formed
2005
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Garza & Morales Lc
Address
817 CHICAGO AVE, MCALLEN, TX 78501-2771
Preparer
Anselmo Villarreal CPA
Phone
9566876216
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

OPERATING EXPENSES

Form 990, Part XI, Line 9

VOID OUTSTANDING CHECK 0

Raw XML Appendix263 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.00$0.09$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.00$0.03$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.00$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.24$0.04$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.07$0.05$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.16$0.07$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.06$0.12$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.03$0.03$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.16$0.29$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.72$0.52$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.72$1.26$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$2.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$5.62