Civic Intelligence

Local 47 Musicians Foundation

EIN 20-8651634 • 501(c)3 • Burbank, CA

Profile

To provide assistance to musicians who are suffering from illness, poverty, other distress and sponsor free musical concerts featuring professional musicians and showcasing the variety of musical styles.

3220 Winona AvenueBurbank, CA 91504

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

7th percentile

-158%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

32nd percentile

-17%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

-11%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$63,601

Down $13,187 (-17%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$63,601

Down $13,187 (-17%) from 2020

Revenue

Down

$8,372

Down $1,013 (-11%) from 2020

Expenses

Up

$21,559

Up $9,588 (+80%) from 2020

Net Income

Down

-$13,187

Down $10,601 (-410%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $111,944Liabilities 2010: $0Net Assets 2010: $111,9442010Assets 2011: $120,559Liabilities 2011: $0Net Assets 2011: $120,5592011Assets 2012: $91,640Liabilities 2012: $0Net Assets 2012: $91,6402012Assets 2013: $77,090Liabilities 2013: $0Net Assets 2013: $77,0902013Assets 2014: $53,532Liabilities 2014: $0Net Assets 2014: $53,5322014Assets 2015: $47,462Liabilities 2015: $0Net Assets 2015: $47,4622015Assets 2016: $55,607Liabilities 2016: $0Net Assets 2016: $55,6072016Assets 2017: $86,797Liabilities 2017: $0Net Assets 2017: $86,7972017Assets 2018: $91,885Net Assets 2018: $91,8852018Assets 2019: $79,374Liabilities 2019: $0Net Assets 2019: $79,3742019Assets 2020: $76,788Liabilities 2020: $0Net Assets 2020: $76,7882020Assets 2021: $63,601Liabilities 2021: $0Net Assets 2021: $63,6012021

Highlighted filing

2021

Assets$63,601
Liabilities$0
Net Assets$63,601

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20K-$40KRevenue 2010: $20,102Expenses 2010: $7,625Net Income 2010: $12,4772010Revenue 2011: $17,238Expenses 2011: $8,623Net Income 2011: $8,6152011Revenue 2012: $18,573Expenses 2012: $47,492Net Income 2012: -$28,9192012Revenue 2013: $11,945Expenses 2013: $26,495Net Income 2013: -$14,5502013Revenue 2014: $18,876Expenses 2014: $42,434Net Income 2014: -$23,5582014Revenue 2015: $69Expenses 2015: $6,139Net Income 2015: -$6,0702015Revenue 2016: $22,620Expenses 2016: $14,475Net Income 2016: $8,1452016Revenue 2017: $33,881Expenses 2017: $2,691Net Income 2017: $31,1902017Revenue 2018: $11,996Expenses 2018: $6,908Net Income 2018: $5,0882018Revenue 2019: -$1,768Expenses 2019: $10,743Net Income 2019: -$12,5112019Revenue 2020: $9,385Expenses 2020: $11,971Net Income 2020: -$2,5862020Revenue 2021: $8,372Expenses 2021: $21,559Net Income 2021: -$13,1872021

Highlighted filing

2021

Revenue$8,372
Expenses$21,559
Net Income-$13,187

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$8,372
Mission and Program Overview

Mission

To provide assistance to musicians who are suffering from illness, poverty, other distress and sponsor free musical concerts featuring professional musicians and showcasing the variety of musical styles.

The purpose of local 47 musicians foundation is to provide assistance to musicians who are suffering from illness, poverty or other distress, and sponser free musical concerts featuring professional musicians and showcasing the variety of musical style.

Program Services

DescriptionGrantsExpenses
SHOWCASING AFRICAN AMERICAN CULTURE MUSIC PERFORMANCE.$0$15,559
TO BENEFIT THE NEEDS OF MUSICIANS WHO ARE SUFFERING FROM ILLNESS, POVERTY OR OTHER DISTRESS.$5,000$6,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN ACOSTAPresident-$0--
RICK BAPTISTVice President-$0--
JAMES GARRISONDirector-$0--
APRIL WILLIAMSDirector-$0--
STEPHANIE O'KEEFEDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Music Fund of Los Angeles
EIN
20-8651634
Phone
8182430222
Address
3220 WINONA AVENUE, BURBANK, CA 91504

Signing Officer

Name
John Acosta
Title
President
Phone
8182430222
Signed
2022-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: miscellaneous . Amount: 37.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grants to individuals. Grantee name: various individuals. Grantee relationship: n/a. Date of gift: 12/31/21. Amount given: 5,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: event expense. Amount: 15,559. Description: donations. Amount: 1,000. Total to form 990-ez, line 16: 16,559.

Raw XML Appendix155 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/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF LOCAL 47 MUSICIANS FOUNDATION IS TO PROVIDE ASSISTANCE TO MUSICIANS WHO ARE SUFFERING FROM ILLNESS, POVERTY OR OTHER DISTRESS, AND SPONSER FREE MUSICAL CONCERTS FEATURING PROFESSIONAL MUSICIANS AND SHOWCASING THE VARIETY OF MUSICAL STYLE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO BENEFIT THE NEEDS OF MUSICIANS WHO ARE SUFFERING FROM ILLNESS, POVERTY OR OTHER DISTRESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SHOWCASING AFRICAN AMERICAN CULTURE MUSIC PERFORMANCE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MISCELLANEOUS . AMOUNT: 37.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANTS TO INDIVIDUALS. GRANTEE NAME: VARIOUS INDIVIDUALS. GRANTEE RELATIONSHIP: N/A. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: EVENT EXPENSE. AMOUNT: 15,559. DESCRIPTION: DONATIONS. AMOUNT: 1,000. TOTAL TO FORM 990-EZ, LINE 16: 16,559.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08182430222
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MUSIC FUND OF LOS ANGELES
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ReturnHeader/Filer/EIN0208651634
ReturnHeader/Filer/PhoneNum08182430222
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE L GRAY CPA
ReturnHeader/ReturnTs02022-11-10T16:41:45-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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