Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Local 4 Music Fund Inc
EIN 23-7419900 • 501(c)3 • Cleveland, OH
Profile
The local 4 music fund is organized within the meaning of section 501(c)(3) of the internal revenue code of 1986 for charitable and educational purposes to receive contributions and grants for the primary purpose of promoting and fostering the knowledge, appreciation, understanding, enjoyment, and live performance of music.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.07x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
64th percentile
Higher net margin than 64% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.6% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
84th percentile
Faster revenue growth than 84% of similar nonprofits.
Balance Sheet
Assets
Down$150,803
Down $37,612 (-20%) from 2023
Liabilities
Up$17,423
Up $2,189 (+14%) from 2023
Net Assets
Down$133,380
Down $39,801 (-23%) from 2023
Revenue
Up$276,271
Up $26,289 (+11%) from 2023
Expenses
Up$316,072
Up $39,117 (+14%) from 2023
Net Income
Down-$39,801
Down $12,828 (-48%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $150,803
- Liabilities
- $17,423
- Net assets
- $133,380
- Revenue
- $276,271
- Expenses
- $316,072
- Net income
- -$39,801
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Mar 28, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $166,243
Mission and Program Overview
Mission
The local 4 music fund is organized within the meaning of section 501(c)(3) of the internal revenue code of 1986 for charitable and educational purposes to receive contributions and grants for the primary purpose of promoting and fostering the knowledge, appreciation, understanding, enjoyment, and live performance of music.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROMOTING AND FOSTERING THE KNOWLEDGE, APPRECIATION, UNDERSTANDING AND ENJOYMENT OF LIVE MUSIC PERFORMANCES. | - | $166,195 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| LEONARD DICOSIMO | President | - | $1,000 | - | $1,000 |
| SANDRA W BAXTER | Secretary/Tr | - | $1,000 | - | $1,000 |
| JEFF CAVALLO | Vice Preside | - | $0 | - | - |
| AMBER ROGERS | Executive Di | - | $0 | - | - |
| SHACHAR ISRAIL | Director | - | $0 | - | - |
| JULIE KING | Director | - | $0 | - | - |
| RICHARD KING | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Local 4 Music Fund Inc
- EIN
- 23-7419900
- Phone
- 2168811802
- Address
- 3631 PERKINS AVENUE SUITE 4C, CLEVELAND, OH 44114
Signing Officer
- Name
- Leonard Dicosimo
- Title
- President
- Phone
- 2168811802
- Signed
- 2022-03-28
- Discuss with paid preparer
- Yes
Preparer
- Firm
- SCHULTE & COMPANY CPA'S INC
- Address
- 600 S CLEVELAND MASSILLON RD, FAIRLAWN, OH 44333-3022
- Preparer
- Schulte Company Cpas Inc
- Phone
- 3306700600
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses outside services 26,955 cost of musicians 128,583 miscellaneous 9,351 total 164,889”
Form 990-ez, Part II, Line 24
“Receivable - clev fed of musicians 79,386 107,969 2,873 2,873 less accumulated depreciation 2,873 2,873 musical instruments 13,400 13,400 total 92,786 121,369”
Form 990-ez, Part II, Line 26
“Payable - clev fed of musicians 9,430 10,488”
Form 990-ez, Part III
“The local 4 music fund is organized within the meaning of section 501(c)(3) of the internal revenue code of 1986 for charitable and educational purposes to receive contributions and grants for the primary purpose of promoting and fostering the knowledge, appreciation, understanding, enjoyment, and live performance of music.”
Raw XML Appendix164 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LEONARD DICOSIMO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2168811802 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3631 PERKINS AVE SUITE 4C |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CLEVELAND |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 44114 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 92114 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 64637 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 110482 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 48 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1306 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 184900 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 186006 |
| IRS990EZ/GrossReceiptsAmt | 0 | 166243 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 24 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 175470 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 175518 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 175470 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 175518 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 1000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 1000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | LEONARD DICOSIMO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SANDRA W BAXTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JEFF CAVALLO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | AMBER ROGERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | SHACHAR ISRAIL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JULIE KING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | RICHARD KING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 92786 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 121369 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 164889 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE LOCAL 4 MUSIC FUND IS ORGANIZED WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 FOR CHARITABLE AND EDUCATIONAL PURPOSES TO RECEIVE CONTRIBUTIONS AND GRANTS FOR THE PRIMARY PURPOSE OF PROMOTING AND FOSTERING THE KNOWLEDGE, APPRECIATION, UNDERSTANDING, ENJOYMENT, AND LIVE PERFORMANCE OF MUSIC. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 55737 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROMOTING AND FOSTERING THE KNOWLEDGE, APPRECIATION, UNDERSTANDING AND ENJOYMENT OF LIVE MUSIC PERFORMANCES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 166195 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | OH |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 9430 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 10488 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 166195 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 166195 |
| IRS990EZ/TotalRevenueAmt | 0 | 166243 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LOCAL4CLEVELAND.ORG |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 162,176 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 109315 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 59866 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 34432 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30181 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 49495 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 283289 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 24 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 213 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 477 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 195 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 340 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 1249 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 338332 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 11300 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2720 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 37603 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 25000 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 85553 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 162176 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.58760 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.48120 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 262484 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 20805 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 109315 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 59866 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 34432 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30181 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 49495 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 283289 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 446714 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OUTSIDE SERVICES 26,955 COST OF MUSICIANS 128,583 MISCELLANEOUS 9,351 TOTAL 164,889 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | RECEIVABLE - CLEV FED OF MUSICIANS 79,386 107,969 2,873 2,873 LESS ACCUMULATED DEPRECIATION 2,873 2,873 MUSICAL INSTRUMENTS 13,400 13,400 TOTAL 92,786 121,369 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PAYABLE - CLEV FED OF MUSICIANS 9,430 10,488 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE LOCAL 4 MUSIC FUND IS ORGANIZED WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 FOR CHARITABLE AND EDUCATIONAL PURPOSES TO RECEIVE CONTRIBUTIONS AND GRANTS FOR THE PRIMARY PURPOSE OF PROMOTING AND FOSTERING THE KNOWLEDGE, APPRECIATION, UNDERSTANDING, ENJOYMENT, AND LIVE PERFORMANCE OF MUSIC. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LEONARD DICOSIMO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2168811802 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-03-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOCAL 4 MUSIC FUND INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOCA |
| ReturnHeader/Filer/EIN | 0 | 237419900 |
| ReturnHeader/Filer/PhoneNum | 0 | 2168811802 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3631 PERKINS AVENUE SUITE 4C |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CLEVELAND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 44114 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 341866503 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCHULTE & COMPANY CPA'S INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 600 S CLEVELAND MASSILLON RD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FAIRLAWN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 443333022 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3306700600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-03-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SCHULTE COMPANY CPAS INC |
| ReturnHeader/ReturnTs | 0 | 2022-04-09T10:57:53-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LEONARD |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | DICOSIMO |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.