Civic Intelligence

Verona Summer Music Inc

990EZ • Fiscal year 2018 • EIN 22-3662080

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 27, 2019

Organization ProfileN/A
6 Brookside Terrace C/O MordenVerona, NJ 07044

(973) 239-5931

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.18x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Net Margin

43rd percentile

1.3%

Higher net margin than 43% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$9,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Asset Growth

66th percentile

23%

Faster asset growth than 66% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

-0.7%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$76,267

Up $14,509 (+23%) from 2017

Net Assets

Up

$1,517

Up $791 (+109%) from 2017

Liabilities

Up

$74,750

Up $13,718 (+22%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin43rd percentile

Revenue

Down

$63,105

Down $445 (-0.7%) from 2017

Expenses

Down

$62,314

Down $1,909 (-3.0%) from 2017

Net Income

Up

$791

Up $1,464 (+218%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$100K$50K$0Assets 2011: $58,758Liabilities 2011: $57,5392011Assets 2012: $56,172Liabilities 2012: $53,975Net Assets 2012: $2,1972012Assets 2013: $52,573Liabilities 2013: $52,499Net Assets 2013: $742013Assets 2014: $62,776Liabilities 2014: $60,945Net Assets 2014: $1,8312014Assets 2015: $57,890Liabilities 2015: $54,875Net Assets 2015: $3,0152015Assets 2016: $61,054Liabilities 2016: $59,655Net Assets 2016: $1,3992016Assets 2017: $61,758Liabilities 2017: $61,032Net Assets 2017: $7262017Assets 2018: $76,267Liabilities 2018: $74,750Net Assets 2018: $1,5172018Assets 2019: $86,313Liabilities 2019: $83,475Net Assets 2019: $2,8382019Assets 2020: $14,095Liabilities 2020: $02020Assets 2021: $34,514Liabilities 2021: $28,605Net Assets 2021: $5,9092021Assets 2022: $52,070Liabilities 2022: $48,755Net Assets 2022: $3,3152022Assets 2023: $74,041Liabilities 2023: $71,990Net Assets 2023: $2,0512023Assets 2024: $84,350Liabilities 2024: $78,517Net Assets 2024: $5,8332024Assets 2025: $73,999Liabilities 2025: $68,720Net Assets 2025: $5,2792025

Highlighted filing

2018

Assets$76,267
Liabilities$74,750
Net Assets$1,517
Open 2018 Filing

Operations Trend

Revenue Growth41st percentile

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

$100K$50K$0-$50KRevenue 2011: $51,926Expenses 2011: $51,196Net Income 2011: $7302011Revenue 2012: $64,572Expenses 2012: $63,594Net Income 2012: $9782012Revenue 2013: $59,399Expenses 2013: $61,522Net Income 2013: -$2,1232013Revenue 2014: $56,520Expenses 2014: $54,763Net Income 2014: $1,7572014Revenue 2015: $65,266Expenses 2015: $64,082Net Income 2015: $1,1842015Revenue 2016: $59,140Expenses 2016: $60,756Net Income 2016: -$1,6162016Revenue 2017: $63,550Expenses 2017: $64,223Net Income 2017: -$6732017Revenue 2018: $63,105Expenses 2018: $62,314Net Income 2018: $7912018Revenue 2019: $80,165Expenses 2019: $78,844Net Income 2019: $1,3212019Revenue 2020: $91,292Expenses 2020: $80,035Net Income 2020: $11,2572020Revenue 2021: $11,555Expenses 2021: $19,741Net Income 2021: -$8,1862021Revenue 2022: $32,234Expenses 2022: $34,828Net Income 2022: -$2,5942022Revenue 2023: $53,326Expenses 2023: $54,590Net Income 2023: -$1,2642023Revenue 2024: $78,690Expenses 2024: $74,908Net Income 2024: $3,7822024Revenue 2025: $83,115Expenses 2025: $83,669Net Income 2025: -$5542025

Highlighted filing

2018

Revenue$63,105
Expenses$62,314
Net Income$791
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 27, 2019
Return Version
2017v2.3
Gross Receipts
$63,105
Mission and Program Overview

Mission

The students in verona, nj have the opportunity to attend a summer learning program devoted to music study and enrichment

Program Services

DescriptionGrantsExpenses
SUMMER MUSIC INSTRUCTION/ENRICHMENT PROGRAM FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS OF VERONA, NJ-$62,314
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MAX MORDENPresidentFT$9,000-$9,000
ROBYN MORDENSecretaryFT$4,000-$4,000
Filing and Contact Details

Filer

Filer Name
Verona Summer Music Inc
EIN
22-3662080
Phone
9732395931
Address
6 BROOKSIDE TERRACE C/O MORDEN, VERONA, NJ 07044

Signing Officer

Name
Max Morden
Title
President
Phone
9732395931
Signed
2019-04-27
Discuss with paid preparer
Yes

Preparer

Firm
BOFFA & COMPANY CPA'S
Address
383 RIDGEDALE AVENUE, EAST HANOVER, NJ 07936
Preparer
Frank a Boffa
Phone
9733869614
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses insurance 2,581 printing/supplies/music 10,284 musical production exp 10,699 program administration 4,000 total 27,564”

Form 990-ez, Part II, Line 24

“Prepaid insurance 1,531 1,524 total 1,531 1,524”

Form 990-ez, Part II, Line 26

“Advance student registration fees 61,032 74,750”

Form 990-ez, Part III

“The students in verona, nj have the opportunity to attend a summer learning program devoted to music study and enrichment”

Raw XML Appendix158 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MAX MORDEN
IRS990EZ/BooksInCareOfDetail/PhoneNum09732395931
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06 BROOKSIDE TERRACE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0VERONA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007044
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt060227
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt074743
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0791
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt034750
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt061758
IRS990EZ/Form990TotalAssetsGrp/EOYAmt076267
IRS990EZ/GrossReceiptsAmt063105
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0726
IRS990EZ/NetAssetsOrFundBalancesEOYAmt01517
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0726
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt01517
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt045.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt135.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt09000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt14000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MAX MORDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBYN MORDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01531
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01524
IRS990EZ/OtherExpensesTotalAmt027564
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE STUDENTS IN VERONA, NJ HAVE THE OPPORTUNITY TO ATTEND A SUMMER LEARNING PROGRAM DEVOTED TO MUSIC STUDY AND ENRICHMENT
IRS990EZ/ProgramServiceRevenueAmt063105
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUMMER MUSIC INSTRUCTION/ENRICHMENT PROGRAM FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS OF VERONA, NJ
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt062314
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt061032
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt074750
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt062314
IRS990EZ/TotalProgramServiceExpensesAmt062314
IRS990EZ/TotalRevenueAmt063105
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt063105
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt063550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt059140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt065266
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt056520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0307581
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0307581
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0307581
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt063105
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt063550
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt059140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt065266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt056520
IRS990ScheduleA/Total509Grp/TotalAmt0307581
IRS990ScheduleA/TotalSupportAmt05
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt063106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt063551
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt059141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt065267
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt056521
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0307586
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE 2,581 PRINTING/SUPPLIES/MUSIC 10,284 MUSICAL PRODUCTION EXP 10,699 PROGRAM ADMINISTRATION 4,000 TOTAL 27,564
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID INSURANCE 1,531 1,524 TOTAL 1,531 1,524
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADVANCE STUDENT REGISTRATION FEES 61,032 74,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE STUDENTS IN VERONA, NJ HAVE THE OPPORTUNITY TO ATTEND A SUMMER LEARNING PROGRAM DEVOTED TO MUSIC STUDY AND ENRICHMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAX MORDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09732395931
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERONA SUMMER MUSIC INC
ReturnHeader/Filer/BusinessNameControlTxt0VERO
ReturnHeader/Filer/EIN0223662080
ReturnHeader/Filer/PhoneNum09732395931
ReturnHeader/Filer/USAddress/AddressLine1Txt06 BROOKSIDE TERRACE C/O MORDEN
ReturnHeader/Filer/USAddress/CityNm0VERONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007044
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02ACCF71C009EB61DC74C734D95EC29A68CE12340
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08165B6D6CF0D0A84C7D7AB3DCB052CB0B0C56991
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.22.82.98
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:10:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222465909
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOFFA & COMPANY CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0383 RIDGEDALE AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST HANOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007936
ReturnHeader/PreparerPersonGrp/PhoneNum09733869614
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK A BOFFA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-09T13:10:30-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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
$76,267
Liabilities
$74,750
Net assets
$1,517
Revenue
$63,105
Expenses
$62,314
Net income
$791
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$74.0$68.7$5.28$83.1$83.7$0.55
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.4$78.5$5.83$78.7$74.9$3.78
2023Detailed filing. Detailed filing data is available for this year.$74.0$72.0$2.05$53.3$54.6$1.26
2022Detailed filing. Detailed filing data is available for this year.$52.1$48.8$3.32$32.2$34.8$2.59
2021Detailed filing. Detailed filing data is available for this year.$34.5$28.6$5.91$11.6$19.7$8.19
2020Summary only. Only limited summary data is available for this year.$14.1$0.00$91.3$80.0$11.3
2019Detailed filing. Detailed filing data is available for this year.$86.3$83.5$2.84$80.2$78.8$1.32
2018Detailed filing. Detailed filing data is available for this year.$76.3$74.8$1.52$63.1$62.3$0.79
2017Detailed filing. Detailed filing data is available for this year.$61.8$61.0$0.73$63.6$64.2$0.67
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.1$59.7$1.40$59.1$60.8$1.62
2015Detailed filing. Detailed filing data is available for this year.$57.9$54.9$3.02$65.3$64.1$1.18
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.8$60.9$1.83$56.5$54.8$1.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.6$52.5$0.07$59.4$61.5$2.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.2$54.0$2.20$64.6$63.6$0.98
2011Summary only. Only limited summary data is available for this year.$58.8$57.5$51.9$51.2$0.73