Civic Intelligence

Music Fund of Los Angeles

990EZ • Fiscal year 2018 • EIN 20-8651634

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileN/A
3220 Winona AvenueBurbank, CA 91504

(818) 243-0222

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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

57th percentile

5.9%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-65%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$91,885

Up $5,088 (+5.9%) from 2017

Net Assets

Up

$91,885

Up $5,088 (+5.9%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin89th percentile

Revenue

Down

$11,996

Down $21,885 (-65%) from 2017

Expenses

Up

$6,908

Up $4,217 (+157%) from 2017

Net Income

Down

$5,088

Down $26,102 (-84%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$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

2018

Assets$91,885
Liabilities-
Net Assets$91,885
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$11,996
Expenses$6,908
Net Income$5,088
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$77,681
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
ANNUAL GOLF TOURNAMENT TO BENEFIT THE NEEDS OF MUSICIANS WHO ARE SUFFERING FROM ILLNESS, POVERTY OR OTHER DISTRESS.--
SHOWCASING AFRICAN AMERICAN CULTURE MUSIC PERFORMANCE--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN ACOSTAPresident-$0--
RICK BAPTISTVice President-$0--
GARY LASLEYSecretary-$0--
JAMES GARRISONDirector-$0--
LEWIS LEVY ESQDirector-$0--
ANN ELKINDirector-$0--
APRIL WILLIAMSDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Golf$46,681-$14,934-
African American Heritage Month$31,000-$31,698-
Total Events$77,681-$65,685$-65,685
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
Gary Lasley
Title
Secretary
Phone
3239933103
Signed
2019-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Bernard Kotkin and Company
Address
533 SOUTH FREMONT AVENUE SUITE 802, LOS ANGELES, CA 90071
Preparer
Salvatore J Portaro
Phone
2138929090
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $629”

Activities Not Previously Reported to the IRS

“NONE”

Raw XML Appendix160 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/BooksInCareOfDetail/USAddress/CityNm0GLENDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
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IRS990EZ/ContributionsGiftsGrantsEtcAmt077681
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN ACOSTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICK BAPTIST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GARY LASLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JAMES GARRISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LEWIS LEVY ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ANN ELKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6APRIL WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0629
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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/DescriptionProgramSrvcAccomTxt0ANNUAL GOLF TOURNAMENT TO BENEFIT THE NEEDS OF MUSICIANS WHO ARE SUFFERING FROM ILLNESS, POVERTY OR OTHER DISTRESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SHOWCASING AFRICAN AMERICAN CULTURE MUSIC PERFORMANCE
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt065685
IRS990EZ/SpecialEventsNetIncomeLossAmt0-65685
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt06908
IRS990EZ/TotalRevenueAmt011996
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt077681
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt036280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0184653
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt077681
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0184653
IRS990ScheduleA/TotalSupportAmt0184653
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt077681
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt046681
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt065685
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0AFRICAN AMERICAN HERITAGE MONTH
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05371
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt04300
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09671
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046681
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt031000
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-65685
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt046632
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014934
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt031698
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05060
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt04322
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt09382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $629
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Activities Not Previously Reported to the IRS
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY LASLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum03239933103
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MUSIC FUND OF LOS ANGELES
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0208651634
ReturnHeader/Filer/PhoneNum08182430222
ReturnHeader/Filer/USAddress/AddressLine1Txt03220 WINONA AVENUE
ReturnHeader/Filer/USAddress/CityNm0BURBANK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091504
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952556670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD KOTKIN AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0533 SOUTH FREMONT AVENUE SUITE 802
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090071
ReturnHeader/PreparerPersonGrp/PhoneNum02138929090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SALVATORE J PORTARO
ReturnHeader/ReturnTs02019-11-14T12:10:35-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$91,885
Liabilities
-
Net assets
$91,885
Revenue
$11,996
Expenses
$6,908
Net income
$5,088
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.08$0.22$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.09$0.12$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.02$0.11$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.92$0.12$0.07$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.34$0.03$0.31
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.23$0.14$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.00$0.06$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.19$0.42$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.12$0.26$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.19$0.47$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$0.17$0.09$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$0.20$0.08$0.12