Civic Intelligence

Music Mountain Incorporated

990 • Fiscal year 2020 • EIN 23-7219961

Nov 01, 2019 to Oct 31, 2020 • Filed on Mar 22, 2021

PO Box 738Lakeville, CT 06039

(860) 307-3862

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.62x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

70th percentile

19%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

61st percentile

13%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-53%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$550,474

Up $65,305 (+13%) from 2019

Net Assets

Up

$399,874

Up $44,978 (+13%) from 2019

Liabilities

Up

$150,600

Up $20,327 (+16%) from 2019

Revenue

Down

$241,846

Down $268,787 (-53%) from 2019

Expenses

Down

$195,976

Down $321,543 (-62%) from 2019

Net Income

Up

$45,870

Up $52,756 (+766%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $407,387Liabilities 2010: $74,019Net Assets 2010: $333,3682010Assets 2011: $406,252Liabilities 2011: $92,150Net Assets 2011: $314,1022011Assets 2012: $392,039Liabilities 2012: $95,060Net Assets 2012: $296,9792012Assets 2013: $540,636Liabilities 2013: $88,253Net Assets 2013: $452,3832013Assets 2014: $527,312Liabilities 2014: $108,725Net Assets 2014: $418,5872014Assets 2015: $494,279Liabilities 2015: $130,818Net Assets 2015: $363,4612015Assets 2016: $470,290Liabilities 2016: $143,619Net Assets 2016: $326,6712016Assets 2017: $500,889Liabilities 2017: $134,861Net Assets 2017: $366,0282017Assets 2018: $524,922Liabilities 2018: $180,111Net Assets 2018: $344,8112018Assets 2019: $485,169Liabilities 2019: $130,273Net Assets 2019: $354,8962019Assets 2020: $550,474Liabilities 2020: $150,600Net Assets 2020: $399,8742020Assets 2021: $624,102Liabilities 2021: $172,469Net Assets 2021: $451,6332021Assets 2022: $464,644Liabilities 2022: $172,887Net Assets 2022: $291,7572022Assets 2023: $412,282Liabilities 2023: $134,387Net Assets 2023: $277,8952023Assets 2024: $558,674Liabilities 2024: $25,171Net Assets 2024: $533,5032024

Highlighted filing

2020

Assets$550,474
Liabilities$150,600
Net Assets$399,874

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $272,921Expenses 2010: $261,088Net Income 2010: $11,8332010Expenses 2011: $291,5302011Expenses 2012: $296,7522012Expenses 2013: $293,9982013Revenue 2014: $338,031Expenses 2014: $378,339Net Income 2014: -$40,3082014Revenue 2015: $383,191Expenses 2015: $425,120Net Income 2015: -$41,9292015Revenue 2016: $360,568Expenses 2016: $407,889Net Income 2016: -$47,3212016Revenue 2017: $339,232Expenses 2017: $340,794Net Income 2017: -$1,5622017Revenue 2018: $440,896Expenses 2018: $460,120Net Income 2018: -$19,2242018Revenue 2019: $510,633Expenses 2019: $517,519Net Income 2019: -$6,8862019Revenue 2020: $241,846Expenses 2020: $195,976Net Income 2020: $45,8702020Revenue 2021: $482,860Expenses 2021: $488,382Net Income 2021: -$5,5222021Revenue 2022: $495,572Expenses 2022: $601,454Net Income 2022: -$105,8822022Revenue 2023: $529,505Expenses 2023: $504,945Net Income 2023: $24,5602023Revenue 2024: $847,051Expenses 2024: $635,442Net Income 2024: $211,6092024

Highlighted filing

2020

Revenue$241,846
Expenses$195,976
Net Income$45,870
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Mar 22, 2021
Return Version
2019v5.1
Gross Receipts
$241,846
Mission and Program Overview

Mission

To educate musicians and audiences in the history, repertoire, and skills of string quartet chamber music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$275,431$239,683▼ $35,748
Land, Buildings, and Equipment, Net$198,666$185,313▼ $13,353
Cash and Non-Interest-Bearing Accounts$10,653$124,478▲ $113,825
Accounts Receivable$420$1,000▲ $580
Total Assets$485,170$550,474▲ $65,304
Liabilities
Mortgage Notes Payable Secured by Investment Property$111,265$108,568▼ $2,697
Unsecured Notes Loans Payable-$41,680-
Accounts Payable and Accrued Expenses$19,008$352▼ $18,656
Total Liabilities$130,273$150,600▲ $20,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$329,897$374,874▲ $44,977
Net Assets With Donor Restrictions$25,000$25,000→ $0
Total Net Assets Fund Balance$354,897$399,874▲ $44,977
Total Liabilities and Net Assets / Fund Balance$485,170$550,474▲ $65,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$69,991$615,759-
Land$82,400--
Equipment$32,922$13,168-
Leasehold Improvements-$117,051-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$202,264
Program Service Revenue
$5,565
Investment Income
$27,359
Other Revenue
$6,658
All Other Contributions
$202,264
Change in Net Assets
$45,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,747
Total Fundraising Expense$8,284
Salaries, Compensation, and Employee Benefits$3,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$55,034$3,270-$58,304
Fees for Services Management$25,000$25,000-$50,000
Insurance$20,644$904-$21,548
Depreciation Depletion$13,352--$13,352
Fees for Services Legal$12,000--$12,000
Advertising$2,383-$8,284$10,667
Fees for Services Accounting-$6,885-$6,885
Interest$6,117--$6,117
Other Salaries and Wages$3,000--$3,000
Occupancy$1,909--$1,909
Fees for Service Investment Mgmnt Fees-$1,745-$1,745
Office Expenses-$1,699-$1,699
Other Expenses$375--$375
Payroll Taxes$229--$229
Information Technology-$220-$220
Total Functional Expenses$147,969$39,723$8,284$195,976
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
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
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

Governance Explanations

Form 990 governing body review Part VI line 11

Tax returns are reviewed by the Executive Committee before filing.

Governing documents etc available to public Part VI line 19

The governing documents and financial documents are available to the public upon request. They are also made available to large funders and potential institutional funders.

Filing and Contact Details

Filer

Filer Name
Music Mountain Incorporated
EIN
23-7219961
Address
PO Box 738, Lakeville, CT 06039

Signing Officer

Name
Fredrick Baumgarten
Title
Treasurer
Phone
8603073862
Signed
2021-03-22
Discuss with paid preparer
No

Organization Details

Formed
1935
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
1

Preparer

Firm
Forza CPA LLC
Address
10520 Chapel Hill Road 70, Morrisville, NC 27560
Preparer
Marie Lyons CPA
Phone
8603233260
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Festival Artists $1909Housekeeping $1149Building Maintenance $31,104Grounds Maintenance $13,631Utilities $3,946Equipment $1,375Ticketing Fees $2,350Instruments Audio and Video $375Strategic Planning $9,150

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IRS990/OtherExpensesGrp/Desc2Ticketing Fees
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.25$5.34$8.47$6.35$2.12
2023Detailed filing. Detailed filing data is available for this year.$4.12$1.34$2.78$5.30$5.05$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$1.73$2.92$4.96$6.01$1.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$1.72$4.52$4.83$4.88$0.06
2020Detailed filing. Detailed filing data is available for this year.$5.50$1.51$4.00$2.42$1.96$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.85$1.30$3.55$5.11$5.18$0.07
2018Detailed filing. Detailed filing data is available for this year.$5.25$1.80$3.45$4.41$4.60$0.19
2017Detailed filing. Detailed filing data is available for this year.$5.01$1.35$3.66$3.39$3.41$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.70$1.44$3.27$3.61$4.08$0.47
2015Detailed filing. Detailed filing data is available for this year.$4.94$1.31$3.63$3.83$4.25$0.42
2014Detailed filing. Detailed filing data is available for this year.$5.27$1.09$4.19$3.38$3.78$0.40
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.41$0.88$4.52$2.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.95$2.97$2.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$0.92$3.14$2.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.74$3.33$2.73$2.61$0.12