Civic Intelligence

The Masterwork Music & Art Foundation

990 • Fiscal year 2021 • EIN 22-1717253

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 10, 2021

Organization ProfileN/A
29 South Avenue WestCranford, NJ 07016

(973) 222-6752

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.05x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Net Margin

22nd percentile

-3.2%

Higher net margin than 22% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

8.9%

Faster asset growth than 48% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

320%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$1,166,679

Up $95,308 (+8.9%) from 2020

Net Assets

Up

$1,164,466

Up $93,095 (+8.7%) from 2020

Liabilities

Up

$2,213

Up $2,213 from 2020

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin22nd percentile

Revenue

Up

$40,691

Up $31,011 (+320%) from 2020

Expenses

Down

$41,977

Down $6,752 (-14%) from 2020

Net Income

Up

-$1,286

Up $37,763 (+97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $879,983Liabilities 2012: $0Net Assets 2012: $879,9832012Assets 2013: $904,053Liabilities 2013: $0Net Assets 2013: $904,0532013Assets 2014: $933,352Liabilities 2014: $0Net Assets 2014: $933,3522014Assets 2015: $934,255Liabilities 2015: $0Net Assets 2015: $934,2552015Assets 2016: $925,352Liabilities 2016: $0Net Assets 2016: $925,3522016Assets 2017: $909,330Liabilities 2017: $0Net Assets 2017: $909,3302017Assets 2018: $1,086,948Liabilities 2018: $0Net Assets 2018: $1,086,9482018Assets 2019: $1,118,048Liabilities 2019: $0Net Assets 2019: $1,118,0482019Assets 2020: $1,071,371Liabilities 2020: $0Net Assets 2020: $1,071,3712020Assets 2021: $1,166,679Liabilities 2021: $2,213Net Assets 2021: $1,164,4662021Assets 2022: $1,013,069Liabilities 2022: $0Net Assets 2022: $1,013,0692022Assets 2023: $993,849Liabilities 2023: $0Net Assets 2023: $993,8492023Assets 2024: $1,018,297Liabilities 2024: $0Net Assets 2024: $1,018,2972024

Highlighted filing

2021

Assets$1,166,679
Liabilities$2,213
Net Assets$1,164,466
Open 2021 Filing

Operations Trend

Revenue Growth93rd percentile

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

$200K$100K$0-$100KRevenue 2012: -$8,072Expenses 2012: $18,203Net Income 2012: -$26,2752012Revenue 2013: $35,500Expenses 2013: $11,430Net Income 2013: $24,0702013Revenue 2014: $43,650Expenses 2014: $14,351Net Income 2014: $29,2992014Revenue 2015: $41,632Expenses 2015: $40,729Net Income 2015: $9032015Revenue 2016: $9,454Expenses 2016: $18,357Net Income 2016: -$8,9032016Revenue 2017: $20,743Expenses 2017: $15,954Net Income 2017: $4,7892017Revenue 2018: $41,792Expenses 2018: $24,155Net Income 2018: $17,6372018Revenue 2019: $167,266Expenses 2019: $40,102Net Income 2019: $127,1642019Revenue 2020: $9,680Expenses 2020: $48,729Net Income 2020: -$39,0492020Revenue 2021: $40,691Expenses 2021: $41,977Net Income 2021: -$1,2862021Revenue 2022: $40,728Expenses 2022: $75,698Net Income 2022: -$34,9702022Revenue 2023: $40,276Expenses 2023: $36,216Net Income 2023: $4,0602023Revenue 2024: $56,405Expenses 2024: $51,306Net Income 2024: $5,0992024

Highlighted filing

2021

Revenue$40,691
Expenses$41,977
Net Income-$1,286
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 10, 2021
Return Version
2020v4.1
Gross Receipts
$60,208
Mission and Program Overview

Mission

To promote and support the arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$821,819$1,080,102▲ $258,283
Savings and Temporary Cash Investments$233,279$66,706▼ $166,573
Cash and Non-Interest-Bearing Accounts$16,273$19,871▲ $3,598
Total Assets$1,071,371$1,166,679▲ $95,308
Liabilities
Accounts Payable and Accrued Expenses-$2,213-
Total Liabilities$0$2,213▲ $2,213
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,071,371$1,164,466▲ $93,095
Total Net Assets Fund Balance$1,071,371$1,164,466▲ $93,095
Total Liabilities and Net Assets / Fund Balance$1,071,371$1,166,679▲ $95,308
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Mathews PhilipsPresident
Joseph WhiteSecretary
Gwyneth MooneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,853
Program Service Revenue
$510
Investment Income
$37,328
Other Revenue
$0
All Other Contributions
$2,853
Change in Net Assets
$-1,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,642
Grants and Similar Amounts Paid$3,335
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$13,989$0$0$13,989
Grants to Domestic Individuals$3,335--$3,335
Other Expenses$3,150$0$0$3,150
Fees for Services Accounting$1,900$0$0$1,900
Occupancy$1,200$0$0$1,200
Insurance$315$0$0$315
Total Functional Expenses$41,977$0$0$41,977
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
Yes
Business relationship with 35% controlled entity
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
Filing and Contact Details

Filer

Filer Name
The Masterwork Music & Art Foundation
EIN
22-1717253
Phone
9732226752
Address
29 SOUTH AVENUE WEST, CRANFORD, NJ 07016
Doing Business As
Co Lavinia Mears Ruby Cpallc

Signing Officer

Name
Mathews Philips
Title
President
Phone
9732226752
Signed
2021-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mathews Philips President
Formed
1955
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Lavinia Mears Ruby CPA LLC
Address
29 South Avenue West, Cranford, NJ 07016
Preparer
Lavinia Mears Ruby
Phone
9082767686
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The president and the treasurer review the 990 prior to filing the return”

Form 990, Part IX, Line 24E

“Secretarial services 9863. 9863. 0. 0.”

Form 990, Part IX, Line 24E

“POSTAGE 198. 198. 0. 0.”

Form 990, Part IX, Line 24E

“Telephone & internet 600. 600. 0. 0.”

Form 990, Part IX, Line 24E

“Office supplies 295. 295. 0. 0.”

Form 990, Part IX, Line 24E

“Board expenses 468. 468. 0. 0.”

Form 990, Part IX, Line 24E

“Storage 2565. 2565. 0. 0.”

Raw XML Appendix366 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND THE TREASURER REVIEW THE 990 PRIOR TO FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECRETARIAL SERVICES 9863. 9863. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POSTAGE 198. 198. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TELEPHONE & INTERNET 600. 600. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE SUPPLIES 295. 295. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD EXPENSES 468. 468. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STORAGE 2565. 2565. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041977
IRS990/TotalFunctionalExpensesGrp/TotalAmt041977
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesEOYAmt02213
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02213
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01071371
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01164466
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0510
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt041977
IRS990/TotalProgramServiceRevenueAmt0510
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt040691
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01071371
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01166679
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 HADOWANETZ DRIVE
IRS990/USAddress/CityNm0OGDENSBERG
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007539
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATHEWS PHILIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09732226752
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Masterwork Music & Art Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0221717253
ReturnHeader/Filer/PhoneNum09732226752
ReturnHeader/Filer/USAddress/AddressLine1Txt029 SOUTH AVENUE WEST
ReturnHeader/Filer/USAddress/CityNm0CRANFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007016
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lavinia Mears Ruby CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt029 South Avenue West
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cranford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007016
ReturnHeader/PreparerPersonGrp/PhoneNum09082767686
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lavinia Mears Ruby
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-09-16T12:50:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATHEWS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHILIPS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,166,679
Liabilities
$2,213
Net assets
$1,164,466
Revenue
$40,691
Expenses
$41,977
Net income
-$1,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.06$0.05$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.04$0.04$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.00$1.01$0.04$0.08$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.16$0.04$0.04$0.00
2020Summary only. Only limited summary data is available for this year.$1.07$0.00$1.07$0.01$0.05$0.04
2019Summary only. Only limited summary data is available for this year.$1.12$0.00$1.12$0.17$0.04$0.13
2018Summary only. Only limited summary data is available for this year.$1.09$0.00$1.09$0.04$0.02$0.02
2017Summary only. Only limited summary data is available for this year.$0.91$0.00$0.91$0.02$0.02$0.00
2016Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.01$0.02$0.01
2015Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.04$0.04$0.00
2014Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.04$0.01$0.03
2013Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.04$0.01$0.02
2012Summary only. Only limited summary data is available for this year.$0.88$0.00$0.88$0.01$0.02$0.03