Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
Love in Music
EIN 26-0152911 • 501(c)3 • Torrance, CA
Profile
To teach the music instruments to children of a low income household.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.03x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 39.4% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$62,632
Up $15,723 (+34%) from 2023
Liabilities
Down$1,462
Down $5,614 (-79%) from 2023
Net Assets
Up$61,170
Up $21,337 (+54%) from 2023
Revenue
Up$69,995
Up $31,123 (+80%) from 2023
Expenses
Down$48,660
Down $215 (-0.4%) from 2023
Net Income
Up$21,335
Up $31,338 (+313%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $62,632
- Liabilities
- $1,462
- Net assets
- $61,170
- Revenue
- $69,995
- Expenses
- $48,660
- Net income
- $21,335
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2023 to Mar 31, 2024
- Signed
- Feb 5, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $69,995
Mission and Program Overview
Mission
To teach the music instruments to children of a low income household.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO TEACH THE MUSIC INSTRUMENTS ON FREE. | - | $33,431 |
| TO PURCHASE THE MUSIC INSTRUMENTS FOR CHILDREN OF A LOW INCOME HOUSEHOLD. | - | $2,456 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GLORIA LEE | Secretary | FT | $30,000 | - | $30,000 |
| KWANIL PARK | President | PT | $0 | - | - |
| SANGHEON KIM | CFO | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Love in Music
- EIN
- 26-0152911
- Phone
- 7144850805
- Address
- 23505 CRENSHAW BLVD 215, TORRANCE, CA 90505
Signing Officer
- Name
- Gloria Lee
- Title
- Secretary
- Phone
- 7144850805
- Signed
- 2025-02-05
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Sim & Kim Cpas
- Address
- 451 W LAMBERT RD STE 217, BREA, CA 92821-3902
- Preparer
- Sang H Kim CPA
- Phone
- 7144850805
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses delivery and stamps 97 due and subscription 860 gift and promotiom 150 repair and maintennace 58 supplies 1,917 telephone 1,581 seminar and meeting 815 meals and entertainment 715 consert expense 7,259 non-investment depreciation 2,408 total 15,860”
Form 990-ez, Part I, Line 20
“Other increases 313 book / tax depreciation difference -311”
Form 990-ez, Part II, Line 24
“23,545 25,605 less accumulated depreciation 22,359 24,766 total 1,186 839”
Form 990-ez, Part II, Line 26
“Credit card payable 912 772 payroll liabilities 4,259 0 payroll tax payable 1,905 690”
Form 990-ez, Part III, Line 31
“To purchase the music instruments for children of a low income household.”
Raw XML Appendix137 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 | GLORIA LEE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7144850805 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3580 WILSHIRE BLVD STE 1050 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LOS ANGELES |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 90010 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 45723 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 61793 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 69995 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 21335 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 46909 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 62632 |
| IRS990EZ/GrossReceiptsAmt | 0 | 69995 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 39833 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 61170 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 39833 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 61170 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 30000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | GLORIA LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KWANIL PARK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SANGHEON KIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CFO |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1186 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 839 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 2 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 15860 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO TEACH THE MUSIC INSTRUMENTS TO CHILDREN OF A LOW INCOME HOUSEHOLD. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 313 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO TEACH THE MUSIC INSTRUMENTS ON FREE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | TO PURCHASE THE MUSIC INSTRUMENTS FOR CHILDREN OF A LOW INCOME HOUSEHOLD. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 33431 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 2456 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 32487 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7076 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1462 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 48660 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 35887 |
| IRS990EZ/TotalRevenueAmt | 0 | 69995 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | true |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | false |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | false |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 69995 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 38872 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50745 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 159612 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 159612 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 69995 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 38872 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50745 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 159612 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 69995 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 38872 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 50745 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 159612 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES DELIVERY AND STAMPS 97 DUE AND SUBSCRIPTION 860 GIFT AND PROMOTIOM 150 REPAIR AND MAINTENNACE 58 SUPPLIES 1,917 TELEPHONE 1,581 SEMINAR AND MEETING 815 MEALS AND ENTERTAINMENT 715 CONSERT EXPENSE 7,259 NON-INVESTMENT DEPRECIATION 2,408 TOTAL 15,860 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OTHER INCREASES 313 BOOK / TAX DEPRECIATION DIFFERENCE -311 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 23,545 25,605 LESS ACCUMULATED DEPRECIATION 22,359 24,766 TOTAL 1,186 839 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CREDIT CARD PAYABLE 912 772 PAYROLL LIABILITIES 4,259 0 PAYROLL TAX PAYABLE 1,905 690 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO PURCHASE THE MUSIC INSTRUMENTS FOR CHILDREN OF A LOW INCOME HOUSEHOLD. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GLORIA LEE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7144850805 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOVE IN MUSIC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOVE |
| ReturnHeader/Filer/EIN | 0 | 260152911 |
| ReturnHeader/Filer/PhoneNum | 0 | 7144850805 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 23505 CRENSHAW BLVD 215 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TORRANCE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 90505 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 202672446 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SIM & KIM CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 451 W LAMBERT RD STE 217 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BREA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 928213902 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7144850805 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-02-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SANG H KIM CPA |
| ReturnHeader/ReturnTs | 0 | 2025-02-05T17:39:01-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-04-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-03-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.