Civic Intelligence

Moorestown School of Music Inc

EIN 22-3780461 • 501(c)3 • Marlton, NJ

Profile

Music Education

750 Route 73 SouthMarlton, NJ 08053

www.msmnj.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

39th percentile

-3.2%

Higher net margin than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

89th percentile

$25,160

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

23rd percentile

-38%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

0.1%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$9,048

Down $5,635 (-38%) from 2015

Liabilities

Down

$0

Down $164 (-100%) from 2015

Net Assets

Down

$9,048

Down $5,471 (-38%) from 2015

Revenue

Up

$171,979

Up $115 (+0.1%) from 2015

Expenses

Down

$177,450

Down $17,921 (-9.2%) from 2015

Net Income

Up

-$5,471

Up $18,036 (+77%) from 2015

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $56,412Liabilities 2011: $0Net Assets 2011: $56,4122011Assets 2012: $58,518Liabilities 2012: $0Net Assets 2012: $58,5182012Assets 2013: $57,311Liabilities 2013: $6,813Net Assets 2013: $50,4982013Assets 2014: $39,240Liabilities 2014: $1,214Net Assets 2014: $38,0262014Assets 2015: $14,683Liabilities 2015: $164Net Assets 2015: $14,5192015Assets 2016: $9,048Liabilities 2016: $0Net Assets 2016: $9,0482016

Highlighted filing

2016

Assets$9,048
Liabilities$0
Net Assets$9,048

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $201,4782011Expenses 2012: $197,0362012Expenses 2013: $197,5442013Revenue 2014: $179,351Expenses 2014: $191,823Net Income 2014: -$12,4722014Revenue 2015: $171,864Expenses 2015: $195,371Net Income 2015: -$23,5072015Revenue 2016: $171,979Expenses 2016: $177,450Net Income 2016: -$5,4712016

Highlighted filing

2016

Revenue$171,979
Expenses$177,450
Net Income-$5,471

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$171,979
Mission and Program Overview

Mission

Music Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,227$9,113▼ $2,114
Savings and Temporary Cash Investments$3,504$0▼ $3,504
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$14,683$9,048▼ $5,635
Other Assets Total$-48$-65▼ $17
Liabilities
Other Liabilities$164--
Total Liabilities$164$0▼ $164
Net Assets / Fund Balance
Unrestricted Net Assets$10,808$9,048▼ $1,760
Temporarily Rstr Net Assets$3,711--
Total Net Assets Fund Balance$14,519$9,048▼ $5,471
Total Liabilities and Net Assets / Fund Balance$14,683$9,048▼ $5,635
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hugh BryanExecutive DirectorPT$25,160$25,160

Board Members and Trustees

NameTitle
Karen MisslerChairperson
Chuck SidesVice President
Jacqueline FarmerDirector
Wen ChaoDirector
Kate Miller BrownSecretary
Steven NeunerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,969
Program Service Revenue
$151,594
Investment Income
$0
Other Revenue
$416
All Other Contributions
$18,918
Change in Net Assets
$-5,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,817
Other Expenses$55,633
Total Fundraising Expense$180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,948--$85,948
Occupancy$23,175$2,575-$25,750
Current Officers, Directors, Trustees, and Key Employees$16,354$8,806-$25,160
Payroll Taxes$9,922$787-$10,709
All Other Expenses$4,271$3,669$180$8,120
Insurance-$3,988-$3,988
Other Expenses$1,979$360-$1,979
Advertising-$1,375-$1,375
Fees for Services Accounting-$550-$550
Total Functional Expenses$151,983$25,287$180$177,450
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Line 11B: Form 990 Review Process

A copy of the Form 990 provided to all board members before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Organization has a "Conflict of Interest" policy in their bylaws and each member is provided with a copy. Conflicts are monitored by the Board on an ongoing basis. Each board member is required to sign a "Code of Ethics" acknowledgement each year.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of the Executive Director is approved by the Board of Directors. Comparable compensation rates are considered by the Board for all employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available upon request

Filing and Contact Details

Filer

Filer Name
Moorestown School of Music Inc
EIN
22-3780461
Phone
8565962828
Address
750 Route 73 South, Marlton, NJ 08053

Signing Officer

Name
Steven Neuner
Title
Treasurer
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
12
Volunteers
18

Preparer

Firm
Ditmars Perazza & Co LLP
Address
12 Oak Tree Court, Westampton, NJ 08060
Preparer
Kenneth M Ditmars
Phone
6092658698
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Former ED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Rental of Real Estate
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The School of Music leases space from a partnership that is owned by the former Executive Director and her husband. Neither the former Executive Director nor her husband are members of the Board.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 provided to all board members before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has a "Conflict of Interest" policy in their bylaws and each member is provided with a copy. Conflicts are monitored by the Board on an ongoing basis. Each board member is required to sign a "Code of Ethics" acknowledgement each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of the Executive Director is approved by the Board of Directors. Comparable compensation rates are considered by the Board for all employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalContributionsAmt019969
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0180
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025287
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0151983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0164
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IRS990/TotalProgramServiceExpensesAmt0151983
IRS990/TotalProgramServiceRevenueAmt0151594
IRS990/TotalReportableCompFromOrgAmt025160
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0152010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0171979
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09048
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0www.msmnj.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Steven Neuner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Moorestown School of Music Inc
ReturnHeader/Filer/BusinessNameControlTxt0MOOR
ReturnHeader/Filer/EIN0223780461
ReturnHeader/Filer/PhoneNum08565962828
ReturnHeader/Filer/USAddress/AddressLine1Txt0750 Route 73 South
ReturnHeader/Filer/USAddress/CityNm0Marlton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008053
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ditmars Perazza & Co LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 Oak Tree Court
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Westampton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008060
ReturnHeader/PreparerPersonGrp/PhoneNum06092658698
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kenneth M Ditmars
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-09T13:01:58-08:00

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