Civic Intelligence

Musicopia Inc.

990 • Fiscal year 2016 • EIN 23-7397981

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

2001 Market Street Suite 700Philadelphia, PA 19103

(215) 829-9522

Siviq Scores

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

Liabilities / Assets

47th percentile

0.03x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

25th percentile

-7.2%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$83,200

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

18th percentile

-8.9%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$938,491

Down $91,867 (-8.9%) from 2015

Net Assets

Down

$911,297

Down $53,798 (-5.6%) from 2015

Liabilities

Down

$27,194

Down $38,069 (-58%) from 2015

Revenue

Down

$742,137

Down $839,521 (-53%) from 2015

Expenses

Down

$795,935

Down $347,610 (-30%) from 2015

Net Income

Down

-$53,798

Down $491,911 (-112%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $287,815Liabilities 2010: $21,246Net Assets 2010: $266,5692010Assets 2012: $378,569Liabilities 2012: $17,381Net Assets 2012: $361,1882012Assets 2013: $555,865Liabilities 2013: $42,032Net Assets 2013: $513,8332013Assets 2014: $603,002Liabilities 2014: $76,020Net Assets 2014: $526,9822014Assets 2015: $1,030,358Liabilities 2015: $65,263Net Assets 2015: $965,0952015Assets 2016: $938,491Liabilities 2016: $27,194Net Assets 2016: $911,2972016Assets 2017: $876,538Liabilities 2017: $7,128Net Assets 2017: $869,4102017Assets 2018: $1,147,706Liabilities 2018: $16,259Net Assets 2018: $1,131,4472018Assets 2019: $970,344Liabilities 2019: $5,136Net Assets 2019: $965,2082019Assets 2020: $881,113Liabilities 2020: $169,923Net Assets 2020: $711,1902020Assets 2021: $1,211,790Liabilities 2021: $116,891Net Assets 2021: $1,094,8992021Assets 2022: $886,541Liabilities 2022: $27,053Net Assets 2022: $859,4882022Assets 2023: $670,068Liabilities 2023: $47,504Net Assets 2023: $622,5642023Assets 2024: $918,716Liabilities 2024: $27,499Net Assets 2024: $891,2172024

Highlighted filing

2016

Assets$938,491
Liabilities$27,194
Net Assets$911,297

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $808,7452010Expenses 2012: $651,5442012Expenses 2013: $749,8922013Revenue 2014: $895,100Expenses 2014: $881,951Net Income 2014: $13,1492014Revenue 2015: $1,581,658Expenses 2015: $1,143,545Net Income 2015: $438,1132015Revenue 2016: $742,137Expenses 2016: $795,935Net Income 2016: -$53,7982016Revenue 2017: $934,008Expenses 2017: $975,895Net Income 2017: -$41,8872017Revenue 2018: $1,445,983Expenses 2018: $1,183,946Net Income 2018: $262,0372018Revenue 2019: $1,050,521Expenses 2019: $1,216,760Net Income 2019: -$166,2392019Revenue 2020: $871,697Expenses 2020: $1,125,715Net Income 2020: -$254,0182020Revenue 2021: $1,595,061Expenses 2021: $1,211,352Net Income 2021: $383,7092021Revenue 2022: $1,214,458Expenses 2022: $1,449,869Net Income 2022: -$235,4112022Revenue 2023: $1,357,828Expenses 2023: $1,594,752Net Income 2023: -$236,9242023Revenue 2024: $2,072,144Expenses 2024: $1,803,491Net Income 2024: $268,6532024

Highlighted filing

2016

Revenue$742,137
Expenses$795,935
Net Income-$53,798
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$759,949
Mission and Program Overview

Mission

Musicopias mission is to provide equitable access to music education and enrichment, encouraging self-confidence, global awareness, dedication and joy in pre-k to 12th grade students and their communities. In 1974, musicopia envisions transformative arts programs in all school communities promoting a culture of creativity, mutual respect, dedication, and joy.

Musicopia's mission is to provide children with the opportunity to learn and play music which inspires dedication, self-confidence, and creative exploration and fosters a life-long involvement in the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$390,158$427,474▲ $37,316
Cash and Non-Interest-Bearing Accounts$260,910$305,575▲ $44,665
Pledges and Grants Receivable$370,675$194,000▼ $176,675
Accounts Receivable$8,615$11,442▲ $2,827
Total Assets$1,030,358$938,491▼ $91,867
Liabilities
Escrow Account Liability$59,713$19,973▼ $39,740
Accounts Payable and Accrued Expenses$5,550$7,221▲ $1,671
Total Liabilities$65,263$27,194▼ $38,069
Net Assets / Fund Balance
Unrestricted Net Assets$451,460$574,483▲ $123,023
Temporarily Rstr Net Assets$513,635$336,814▼ $176,821
Total Net Assets Fund Balance$965,095$911,297▼ $53,798
Total Liabilities and Net Assets / Fund Balance$1,030,358$938,491▼ $91,867

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,977$6,977
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise KinneyPresidentFT$83,200$83,200
Juliette HysonSecretaryPT$41,467$41,467
Joan HayTreasurerPT$39,244$39,244

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$593,027
Program Service Revenue
$85,650
Investment Income
$1,007
Other Revenue
$62,453
All Other Contributions
$507,016
Change in Net Assets
$-53,798

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table347$41,030Market Value
Other Non Cash Contri Table175$2,847Market Value
Total Noncash Contributions522$43,877-

Audited Revenue Reconciliation

Revenue per Audited Statements
$742,137
Revenue Not Reported on Form 990
$17,250
Total Revenue per Audited Statements
$759,387
Total Revenue per Form 990
$742,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,583
Salaries, Compensation, and Employee Benefits$360,352
Total Fundraising Expense$83,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$229,987$7,427$2,250$239,664
Current Officers, Directors, Trustees, and Key Employees$80,198$40,501$44,821$165,520
Other Salaries and Wages$139,604-$20,574$160,178
Payroll Taxes$22,006$3,859$6,202$32,067
Office Expenses$6,420$10,129$1,129$17,678
Conferences and Meetings$7,928$2,434$1,619$11,981
Travel$8,784--$8,784
Insurance-$7,399-$7,399
Advertising$972-$5,930$6,902
Fees for Services Accounting-$6,650-$6,650
Information Technology$1,876$1,453$984$4,313
Other Expenses$1,957$1,170-$3,127
Other Employee Benefits$2,587--$2,587
Total Functional Expenses$631,404$81,022$83,509$795,935

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$813,185
Expenses per Audited Statements$795,935
Total Expenses per Form 990$795,935
Expenses Not Reported on Form 990$17,250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,812
Fundraising Gross Income$5,265
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
High Note$23,092-$7,855-
Performathon$15,241-$378-
Total Events$51,368$5,265$17,812$-12,547
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 form 990 is prepared by independent accountants and reviewed by tax counsel. The form 990 is then reviewed by the finance director, president and finance committee of the board of directors.

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

The conflict of interest policy is enforced by the governance committee of the board of directors. The forms are distributed and collected by the committee annually.

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

Compensation for the president, treasurer and secretary is determined by the executive committee based on review of compensation from comparable organizations. The president, treasurer and secretary are not voting members of the board and do not participate in those deliberations.

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

All officer and key employee salaries are determined by the executive committee based on review of compensation from comparable organizations. The officers are nonvoting and do not participate in those deliberations.

Form 990, Page 6, Part VI, Line 19

Governance documents are available for public inspection, by appointment during regular business hours. In addition, financial statements are available via guidestar, www.guidestar.org and the foundation center, www.foundationcenter.org. A copy of musicopia's form 990 can be requested by writing to the irs.

Filing and Contact Details

Filer

Filer Name
Musicopia Inc
EIN
23-7397981
Phone
2158299522
Address
2001 MARKET STREET SUITE 700, PHILADELPHIA, PA 19103

Signing Officer

Name
Denise Kinney
Title
President
Phone
2158299522
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Kinney
Formed
1974
Legal Domicile
Pa
Voting Board Members
27
Independent Board Members
27
Employees
13
Volunteers
77

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia R Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll processing fees 0 1,427 0 independent contractors 229,987 6,000 2,250

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Musicopia adminsters funds for all city orchestra. Musicopia does not retain title to these funds and performs solely as fiscal agent.

Schedule D, Page 3, Part X

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation. As required by the fasb accounting standards codification, entities are required to determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest or penalties. This standard had no impact on the organization's financial statements. The organization's federal tax return is subject to audit by taxing authorities. The organization's returns open audit periods are for the fiscal years ending june 30, 2013 - 2015.

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IRS990/Desc0GENERAL PROGRAMMING - MUSICOPIA IS A LEADER IN REVITALIZING SCHOOL MUSIC PROGRAMS THROUGHOUT THE DELAWARE VALLEY. ANNUALLY, MUSICOPIA'S PROFESSIONAL ENSEMBLES AND SOLO MUSICIANS PRESENT MORE THAN 600 PROGRAMS THAT REACH OVER 50,000 STUDENTS AND COMMUNITY MEMBERS. APPROXIMATELY 81% OF MUSICOPIA'S EFFORTS GO TO PROGRAMS AND SERVICES IN LOW-RESOURCE SCHOOLS AND COMMUNITIES, WHERE MUSIC EDUCATION IS MOST DEFICIENT. IN ADDITION TO IN-SCHOOL PROGRAMS, MUSICOPIA HAS ESTABLISHED LONG-TERM, OUT-OF-SCHOOL PERFORMING ENSEMBLES FOR STUDENTS WHO LACK OPPORTUNITIES FOR BOTH PERFORMANCE AND STUDY. MUSICOPIA RECEIVED DONATED FACILITIES FOR MUSIC CLASSES VALUED AT 13,000 AS OF JUNE 30, 2016.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28SECRETARY
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IRS990/FSAuditedInd0true
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IRS990/MembersOrStockholdersInd0false
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IRS990/MissionDesc0MUSICOPIA'S MISSION IS TO PROVIDE CHILDREN WITH THE OPPORTUNITY TO LEARN AND PLAY MUSIC WHICH INSPIRES DEDICATION, SELF-CONFIDENCE, AND CREATIVE EXPLORATION AND FOSTERS A LIFE-LONG INVOLVEMENT IN THE ARTS.
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IRS990/OtherExpensesGrp/Desc0INSTRUMENT PURCHASE/MAINT
IRS990/OtherExpensesGrp/Desc1GRANT WRITING EXPENSE
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.03$0.89$2.07$1.80$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.05$0.62$1.36$1.59$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.03$0.86$1.21$1.45$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.12$1.09$1.60$1.21$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.17$0.71$0.87$1.13$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.01$0.97$1.05$1.22$0.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.02$1.13$1.45$1.18$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.01$0.87$0.93$0.98$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.03$0.91$0.74$0.80$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.07$0.97$1.58$1.14$0.44
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.08$0.53$0.90$0.88$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.04$0.51$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.02$0.36$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.02$0.27$0.81