Civic Intelligence

World Music Inc.

990 • Fiscal year 2020 • EIN 22-3036665

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 08, 2021

720 Massachusetts AvenueCambridge, MA 02139

(617) 876-4275

Siviq Scores

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

Liabilities / Assets

70th percentile

0.30x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.12x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$196,337

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-13%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$762,050

Down $357,053 (-32%) from 2019

Net Assets

Down

$535,315

Down $238,837 (-31%) from 2019

Liabilities

Down

$226,735

Down $118,216 (-34%) from 2019

Revenue

Down

$1,907,977

Down $295,068 (-13%) from 2019

Expenses

Down

$2,146,814

Down $145,481 (-6.3%) from 2019

Net Income

Down

-$238,837

Down $149,587 (-168%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $882,511Liabilities 2012: $74,042Net Assets 2012: $808,4692012Assets 2013: $601,344Liabilities 2013: $79,974Net Assets 2013: $521,3702013Assets 2014: $354,973Liabilities 2014: $136,039Net Assets 2014: $218,9342014Assets 2015: $1,201,983Liabilities 2015: $177,041Net Assets 2015: $1,024,9422015Assets 2016: $690,576Liabilities 2016: $208,271Net Assets 2016: $482,3052016Assets 2017: $860,566Liabilities 2017: $279,736Net Assets 2017: $580,8302017Assets 2018: $1,080,498Liabilities 2018: $217,096Net Assets 2018: $863,4022018Assets 2019: $1,119,103Liabilities 2019: $344,951Net Assets 2019: $774,1522019Assets 2020: $762,050Liabilities 2020: $226,735Net Assets 2020: $535,3152020Assets 2021: $1,052,825Liabilities 2021: $252,732Net Assets 2021: $800,0932021Assets 2022: $1,832,037Liabilities 2022: $271,798Net Assets 2022: $1,560,2392022Assets 2023: $2,180,590Liabilities 2023: $517,975Net Assets 2023: $1,662,6152023Assets 2024: $2,441,767Liabilities 2024: $314,795Net Assets 2024: $2,126,9722024

Highlighted filing

2020

Assets$762,050
Liabilities$226,735
Net Assets$535,315

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,385,792Expenses 2012: $1,890,424Net Income 2012: $495,3682012Revenue 2013: $1,332,963Expenses 2013: $1,620,062Net Income 2013: -$287,0992013Revenue 2014: $1,311,136Expenses 2014: $1,613,572Net Income 2014: -$302,4362014Revenue 2015: $2,701,774Expenses 2015: $1,895,766Net Income 2015: $806,0082015Revenue 2016: $1,716,566Expenses 2016: $2,259,203Net Income 2016: -$542,6372016Revenue 2017: $2,257,670Expenses 2017: $2,159,145Net Income 2017: $98,5252017Revenue 2018: $2,621,654Expenses 2018: $2,339,082Net Income 2018: $282,5722018Revenue 2019: $2,203,045Expenses 2019: $2,292,295Net Income 2019: -$89,2502019Revenue 2020: $1,907,977Expenses 2020: $2,146,814Net Income 2020: -$238,8372020Revenue 2021: $959,768Expenses 2021: $694,990Net Income 2021: $264,7782021Revenue 2022: $2,657,568Expenses 2022: $1,866,284Net Income 2022: $791,2842022Revenue 2023: $2,346,727Expenses 2023: $2,268,688Net Income 2023: $78,0392023Revenue 2024: $2,867,522Expenses 2024: $2,478,898Net Income 2024: $388,6242024

Highlighted filing

2020

Revenue$1,907,977
Expenses$2,146,814
Net Income-$238,837
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 8, 2021
Return Version
2019v5.0
Gross Receipts
$1,908,099
Mission and Program Overview

Mission

The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater boston.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$614,796$401,592▼ $213,204
Cash and Non-Interest-Bearing Accounts$168,833$240,227▲ $71,394
Accounts Receivable$57,000$75,606▲ $18,606
Pledges and Grants Receivable$227,000$20,000▼ $207,000
Prepaid Expenses and Deferred Charges$43,752$15,258▼ $28,494
Land, Buildings, and Equipment, Net$7,722$9,367▲ $1,645
Total Assets$1,119,103$762,050▼ $357,053
Liabilities
Other Liabilities-$102,222-
Accounts Payable and Accrued Expenses$62,320$77,910▲ $15,590
Deferred Revenue$282,631$46,603▼ $236,028
Total Liabilities$344,951$226,735▼ $118,216
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$556,152$517,315▼ $38,837
Net Assets With Donor Restrictions$218,000$18,000▼ $200,000
Total Net Assets Fund Balance$774,152$535,315▼ $238,837
Total Liabilities and Net Assets / Fund Balance$1,119,103$762,050▼ $357,053

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,367$52,969$62,336

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$218,000$52,700-$252,700$18,000
2018$418,912$559,550-$760,462$218,000
2017$236,400$834,375-$651,863$418,912
2016$131,700$712,430-$607,730$236,400
2015$854,600$113,860-$836,760$131,700
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maure AronsonExecutive DiFT$190,386$5,951$196,337
Maure AronsonExecutive Director-$189,849$6,488$196,337

Board Members and Trustees

NameTitle
Nagesh MahanthappaPresident
Alan GeismerBoard Member
Andrea ItanoBoard Member
Eric KlotchBoard Member
Purnima Thakre BraikerBoard Member
Pamela CoravosSecretary
Edith JoyceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$679,945
Program Service Revenue
$1,221,552
Investment Income
$6,480
Other Revenue
$0
All Other Contributions
$581,889
Change in Net Assets
$-238,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,907,977
Total Revenue per Audited Statements
$1,907,977
Total Revenue per Form 990
$1,907,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,448,545
Salaries, Compensation, and Employee Benefits$698,269
Total Fundraising Expense$11,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$386,917$208,340-$595,257
All Other Expenses$157,724$45,733$11,982$215,439
Other Expenses$222,264$58,234-$58,234
Occupancy$26,700$26,700-$53,400
Payroll Taxes$14,636$31,554-$46,190
Other Employee Benefits$43,967--$43,967
Pension Plan Contributions$6,813$6,042-$12,855
Fees for Services Accounting-$7,575-$7,575
Depreciation Depletion-$3,541-$3,541
Total Functional Expenses$1,747,113$387,719$11,982$2,146,814

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,146,814
Total Expenses per Audited Statements$2,146,814
Total Expenses per Form 990$2,146,814
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan Payable L/t$57,265
Ppp Loan Payable S/t$44,957
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

The governing board reviews form 990 for any errors or omissions and verifies information and consistency with audited financial statements, accounting records and other documents maintained by the organization.

Form 990, Page 6, Part VI, Line 12C

Board members are required to sign an acknowledgement form on an annual basis that no conflicts of interest exist. Board members shall refrain from obtaining any list of clients for personal or private solicitation purposes at any time during their affiliation.

Form 990, Page 6, Part VI, Line 15A

Board members evaluate executive director performance annually and determine salary and bonus compensation.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, policy statements, and financial statements available to the public upon request in writing to the executive director at the organization's mailing address.

Filing and Contact Details

Filer

Filer Name
World Music Inc
EIN
22-3036665
Phone
6178764275
Address
720 MASSACHUSETTS AVENUE, CAMBRIDGE, MA 02139

Signing Officer

Name
Maure Aronson
Title
Executive Director
Phone
6178764275
Signed
2021-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maure Aronson
Formed
1990
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
11
Volunteers
25

Preparer

Firm
Mocera Hamlin Associates Cpas Llp
Address
184 PLEASANT VALLEY ST STE 2-204A, METHUEN, MA 01844-5853
Preparer
James J Mocera CPA
Phone
9782918500
Supplemental Narrative

Additional Explanations

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

The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater boston.

Form 990, Part IX, Line 24E

Travel and lodging 55,700 0 0 marketing printing 47,616 0 0 marketing postage 29,784 0 0 consulting 24,624 0 0 bank fees 0 24,510 0 fundraising expenses 0 0 11,982 postage & delivery 0 8,599 0 telephone 0 6,246 0 admin office supplies 0 3,151 0 dues & subsciptions 0 2,502 0 insurance 0 644 0 repair maintenance 0 81 0 total 157,724 45,733 11,982

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Usage in accordance with donor imposed restrictions.

Schedule D, Page 3, Part X

The organization evaluates its uncertain tax positions using the provisions of asc 450, "contingencies". Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of june 30, 2020, the organization had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under asc 740. The organization's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the years ended june 30, 2020

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt189997
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PRESENTATION OF A MULTI-DISCIPLINARY AND CULTURALLY DIVERSE PERFORMING ARTS SERIES THAT CONNECTS PERFORMING ARTISTS FROM MANY CULTURES AND DISCIPLINES WITH THE DIVERSE COMMUNITIES OF GREATER BOSTON.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01716566
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010705681
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0236400
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0113860
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0131700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0836760
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09367
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052969
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062336
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN PAYABLE L/T
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN PAYABLE S/T
IRS990ScheduleD/RevenueSubtotalAmt01907977
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0USAGE IN ACCORDANCE WITH DONOR IMPOSED RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF ASC 450, "CONTINGENCIES". ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF JUNE 30, 2020, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS AND NO ADJUSTMENTS TO LIABILITIES OR OPERATIONS WERE REQUIRED UNDER ASC 740. THE ORGANIZATION'S PRACTICE WAS AND CONTINUES TO BE TO RECOGNIZE INTEREST AND PENALTY EXPENSES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE, WHICH WERE ZERO FOR THE YEARS ENDED JUNE 30, 2020
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MAURE ARONSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESENTATION OF A MULTI-DISCIPLINARY AND CULTURALLY DIVERSE PERFORMING ARTS SERIES THAT CONNECTS PERFORMING ARTISTS FROM MANY CULTURES AND DISCIPLINES WITH THE DIVERSE COMMUNITIES OF GREATER BOSTON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD REVIEWS FORM 990 FOR ANY ERRORS OR OMISSIONS AND VERIFIES INFORMATION AND CONSISTENCY WITH AUDITED FINANCIAL STATEMENTS, ACCOUNTING RECORDS AND OTHER DOCUMENTS MAINTAINED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT FORM ON AN ANNUAL BASIS THAT NO CONFLICTS OF INTEREST EXIST. BOARD MEMBERS SHALL REFRAIN FROM OBTAINING ANY LIST OF CLIENTS FOR PERSONAL OR PRIVATE SOLICITATION PURPOSES AT ANY TIME DURING THEIR AFFILIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS EVALUATE EXECUTIVE DIRECTOR PERFORMANCE ANNUALLY AND DETERMINE SALARY AND BONUS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICY STATEMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING TO THE EXECUTIVE DIRECTOR AT THE ORGANIZATION'S MAILING ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRAVEL AND LODGING 55,700 0 0 MARKETING PRINTING 47,616 0 0 MARKETING POSTAGE 29,784 0 0 CONSULTING 24,624 0 0 BANK FEES 0 24,510 0 FUNDRAISING EXPENSES 0 0 11,982 POSTAGE & DELIVERY 0 8,599 0 TELEPHONE 0 6,246 0 ADMIN OFFICE SUPPLIES 0 3,151 0 DUES & SUBSCIPTIONS 0 2,502 0 INSURANCE 0 644 0 REPAIR MAINTENANCE 0 81 0 TOTAL 157,724 45,733 11,982
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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IRS990/TotalAssetsBOYAmt01119103
IRS990/TotalAssetsEOYAmt0762050

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.31$2.13$2.87$2.48$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.52$1.66$2.35$2.27$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.27$1.56$2.66$1.87$0.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.25$0.80$0.96$0.69$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.76$0.23$0.54$1.91$2.15$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.34$0.77$2.20$2.29$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.22$0.86$2.62$2.34$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.28$0.58$2.26$2.16$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.21$0.48$1.72$2.26$0.54
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.18$1.02$2.70$1.90$0.81
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.14$0.22$1.31$1.61$0.30
2013Summary only. Only limited summary data is available for this year.$0.60$0.08$0.52$1.33$1.62$0.29
2012Summary only. Only limited summary data is available for this year.$0.88$0.07$0.81$2.39$1.89$0.50
Peer Organizations

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