Civic Intelligence

Music Mountain Incorporated

990 • Fiscal year 2021 • EIN 23-7219961

Nov 01, 2020 to Oct 31, 2021 • Filed on Sep 15, 2022

PO Box 738Lakeville, CT 06039

(860) 824-7126

Siviq Scores

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

Liabilities / Assets

78th percentile

0.28x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.36x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

26th percentile

-1.1%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

56th percentile

13%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

100%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$624,102

Up $73,628 (+13%) from 2020

Net Assets

Up

$451,633

Up $51,759 (+13%) from 2020

Liabilities

Up

$172,469

Up $21,869 (+15%) from 2020

Revenue

Up

$482,860

Up $241,014 (+100%) from 2020

Expenses

Up

$488,382

Up $292,406 (+149%) from 2020

Net Income

Down

-$5,522

Down $51,392 (-112%) from 2020

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

2021

Assets$624,102
Liabilities$172,469
Net Assets$451,633

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

2021

Revenue$482,860
Expenses$488,382
Net Income-$5,522
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Sep 15, 2022
Return Version
2020v4.2
Gross Receipts
$482,860
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$239,683$305,949▲ $66,266
Land, Buildings, and Equipment, Net$185,313$172,657▼ $12,656
Cash and Non-Interest-Bearing Accounts$124,478$145,496▲ $21,018
Accounts Receivable$1,000$0▼ $1,000
Total Assets$550,474$624,102▲ $73,628
Liabilities
Mortgage Notes Payable Secured by Investment Property$108,568$102,848▼ $5,720
Accounts Payable and Accrued Expenses$352$35,121▲ $34,769
Unsecured Notes Loans Payable$41,680$34,500▼ $7,180
Total Liabilities$150,600$172,469▲ $21,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$374,874$426,633▲ $51,759
Net Assets With Donor Restrictions$25,000$25,000→ $0
Total Net Assets Fund Balance$399,874$451,633▲ $51,759
Total Liabilities and Net Assets / Fund Balance$550,474$624,102▲ $73,628

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$63,919$621,831-
Land$82,400--
Equipment$26,338$19,752-
Leasehold Improvements$0$117,051-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$338,404
Program Service Revenue
$118,640
Investment Income
$22,816
Other Revenue
$3,000
All Other Contributions
$335,579
Change in Net Assets
$-5,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$449,296
Salaries, Compensation, and Employee Benefits$39,086
Total Fundraising Expense$15,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$140,710--$140,710
Fees for Services Other$129,398--$129,398
Fees for Services Management$28,500$28,500-$57,000
Advertising$26,197-$15,685$41,882
Other Salaries and Wages$35,324--$35,324
Insurance$16,837$929-$17,766
Office Expenses$13,470$3,388-$16,858
Depreciation Depletion$12,548--$12,548
Fees for Services Accounting-$12,498-$12,498
Fees for Services Legal$2,950$8,392-$11,342
Payroll Taxes$3,762--$3,762
Interest-$3,761-$3,761
Fees for Service Investment Mgmnt Fees-$3,027-$3,027
Travel$2,267--$2,267
Information Technology-$239-$239
Total Functional Expenses$411,963$60,734$15,685$488,382
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
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, Part VI, Section B, line 11B

Tax returns are reviewed by the Executive Committee before filing.

Form 990, Part VI, Section C, 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
Phone
8608247126
Address
PO Box 738, Lakeville, CT 06039

Signing Officer

Name
Fredrick Baumgarten
Title
Treasurer
Phone
8603073862
Signed
2022-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fredrick Baumgarten
Formed
1935
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, line 11G

Festival Artists & Concert Fees: Program service expenses 58,803. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,803. Instruments, Audio, and Visual Fees: Program service expenses 21,135. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,135. Grounds & Maintenance Service Providers: Program service expenses 49,460. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,460.

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IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03762
IRS990/PayrollTaxesGrp/TotalAmt03762
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Fredrick Baumgarten
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0118640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0118640
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-5522
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0141095
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt029890
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt020650
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt050540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0335579
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0202264
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0281731
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0229164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0157144
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01205882
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt022816
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt026467
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07623
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05728
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05732
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt068366
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0118640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0200667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0198643
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0173127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0696642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt022816
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt026467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05728
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05732
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt068366
IRS990ScheduleA/InvestmentIncomeCYPct00.03420
IRS990ScheduleA/InvestmentIncomePYPct00.03000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt05825
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt05218
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt01750
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt03170
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt04055
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt020018
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07005
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07005
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92640
IRS990ScheduleA/PublicSupportPY509Pct00.91800
IRS990ScheduleA/PublicSupportTotal509Amt01850876
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt030998
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt020650
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt051648
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01108
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01108
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0454219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0207829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0482398
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0427807
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0330271
IRS990ScheduleA/Total509Grp/TotalAmt01902524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0482860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0246519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0491771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0436705
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0340058
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01997913
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt063919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0621831
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0685750
IRS990ScheduleD/EquipmentGrp/BookValueAmt026338
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019752
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt046090
IRS990ScheduleD/LandGrp/BookValueAmt082400
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt082400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0117051
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0117051
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0172657
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Tax returns are reviewed by the Executive Committee before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing documents and financial documents are available to the public upon request. They are also made available to large funders and potential institutional funders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Festival Artists & Concert Fees: Program service expenses 58,803. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,803. Instruments, Audio, and Visual Fees: Program service expenses 21,135. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,135. Grounds & Maintenance Service Providers: Program service expenses 49,460. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,460.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

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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
2021Detailed filing. Detailed filing data is available for this year.$6.24$1.72$4.52$4.83$4.88$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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