Civic Intelligence

Sol-La Music Academy Inc

990 • Fiscal year 2016 • EIN 26-2128710

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

1812 Stanford StSanta Monica, CA 90404

(310) 828-2912

Siviq Scores

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

Liabilities / Assets

76th percentile

0.08x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

51st percentile

3.4%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

39th percentile

-3.0%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

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

Assets

Down

$140,633

Down $4,376 (-3.0%) from 2015

Net Assets

Up

$129,279

Up $15,664 (+14%) from 2015

Liabilities

Down

$11,354

Down $20,040 (-64%) from 2015

Revenue

Up

$464,493

Up $45,960 (+11%) from 2015

Expenses

Up

$448,829

Up $39,081 (+9.5%) from 2015

Net Income

Up

$15,664

Up $6,879 (+78%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $76,898Liabilities 2011: $363Net Assets 2011: $76,5352011Assets 2012: $55,547Liabilities 2012: $0Net Assets 2012: $55,5472012Assets 2013: $82,447Liabilities 2013: $29,010Net Assets 2013: $53,4372013Assets 2014: $147,977Liabilities 2014: $43,147Net Assets 2014: $104,8302014Assets 2015: $145,009Liabilities 2015: $31,394Net Assets 2015: $113,6152015Assets 2016: $140,633Liabilities 2016: $11,354Net Assets 2016: $129,2792016Assets 2017: $155,331Liabilities 2017: $23,379Net Assets 2017: $131,9522017Assets 2018: $136,472Liabilities 2018: $4,485Net Assets 2018: $131,9872018Assets 2019: $249,056Liabilities 2019: $50,101Net Assets 2019: $198,9552019Assets 2020: $240,917Liabilities 2020: $6,065Net Assets 2020: $234,8522020Assets 2021: $293,826Liabilities 2021: $6,766Net Assets 2021: $287,0602021Assets 2022: $276,848Liabilities 2022: $7,924Net Assets 2022: $268,9242022Assets 2023: $334,889Liabilities 2023: $13,020Net Assets 2023: $321,8692023Assets 2025: $156,555Liabilities 2025: $35,357Net Assets 2025: $121,1982025

Highlighted filing

2016

Assets$140,633
Liabilities$11,354
Net Assets$129,279

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $210,0842011Expenses 2012: $284,5012012Expenses 2013: $437,9022013Revenue 2014: $559,082Expenses 2014: $507,690Net Income 2014: $51,3922014Revenue 2015: $418,533Expenses 2015: $409,748Net Income 2015: $8,7852015Revenue 2016: $464,493Expenses 2016: $448,829Net Income 2016: $15,6642016Revenue 2017: $444,337Expenses 2017: $441,664Net Income 2017: $2,6732017Revenue 2018: $521,025Expenses 2018: $520,990Net Income 2018: $352018Revenue 2019: $502,219Expenses 2019: $435,251Net Income 2019: $66,9682019Revenue 2020: $434,717Expenses 2020: $398,820Net Income 2020: $35,8972020Revenue 2021: $392,702Expenses 2021: $340,494Net Income 2021: $52,2082021Revenue 2022: $348,971Expenses 2022: $367,107Net Income 2022: -$18,1362022Revenue 2023: $475,374Expenses 2023: $422,429Net Income 2023: $52,9452023Revenue 2025: $560,457Expenses 2025: $615,085Net Income 2025: -$54,6282025

Highlighted filing

2016

Revenue$464,493
Expenses$448,829
Net Income$15,664
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$464,493
Mission and Program Overview

Mission

Sol-la music academy provides outstanding music education in an encouraging and engaging environment that fosters achievement and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,849$73,872▲ $32,023
Accounts Receivable$53,122$32,397▼ $20,725
Savings and Temporary Cash Investments$26,589$26,597▲ $8
Pledges and Grants Receivable$15,000$0▼ $15,000
Prepaid Expenses and Deferred Charges$5,086$5,858▲ $772
Land, Buildings, and Equipment, Net$3,363$1,909▼ $1,454
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$145,009$140,633▼ $4,376
Other Assets Total-$0-
Liabilities
Deferred Revenue$12,523--
Accounts Payable and Accrued Expenses$18,871$11,354▼ $7,517
Total Liabilities$31,394$11,354▼ $20,040
Net Assets / Fund Balance
Unrestricted Net Assets$109,277$129,279▲ $20,002
Temporarily Rstr Net Assets$4,338--
Total Net Assets Fund Balance$113,615$129,279▲ $15,664
Total Liabilities and Net Assets / Fund Balance$145,009$140,633▼ $4,376

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$632$14,604$15,236
Equipment$1,277$4,749$6,026
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dean SchrammChairman
Margaret LysyArtistic Director
Emily WolffExecutive Director
David A FeldmanTrustee
Ellen PalevskyTrustee
Frank HeuserTrustee
Hans ZimmerTrustee
James Newton HowardTrustee
Jane Wang BeckTrustee
Janis MorseTrustee
Jessica LiuTrustee
Nina ShapiroTrustee
Sean Weber-SmallTrustee
Steven TownsendTrustee
Tami ZussmanTrustee
Tracy SykesTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Na---
Revenue and Support

Revenue Composition

Contributions and Grants
$180,032
Program Service Revenue
$284,273
Investment Income
$11
Other Revenue
$177
All Other Contributions
$180,032
Change in Net Assets
$15,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$319,281
Salaries, Compensation, and Employee Benefits$129,548
Total Fundraising Expense$76,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$53,445$30,906$45,197$129,548
Occupancy$36,742$5,223$4,911$46,876
Insurance$2,243$3,574$1,914$7,731
All Other Expenses$1,106$2,148$2,948$6,202
Other Expenses$26,317$13$4,593$4,606
Advertising-$1,074$1,419$2,493
Depreciation Depletion$1,454--$1,454
Office Expenses-$883$60$943
Conferences and Meetings-$107$36$143
Information Technology-$90-$90
Travel-$54-$54
Total Functional Expenses$309,887$62,906$76,036$448,829
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
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, Part VI, Line 11B: Form 990 Review Process

A former Board member prepares the form 990. The Executive Director, Treasurer and Chairman review and edit the forms. A draft of the form is circulated to all board members and any additional changes are made before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members sign a statement annually disclosing all relationships and interests that may give rise to a conflict. Any noted conflicts are brought to the attention of the Chairman of the Board. All conflicts are then brought before the entire Board for discussion and appropriate corrective action.To date there have been no conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors Compensation Committee reviews the Executive Director's salary and recommends compensation based on an analysis of Southern California non-profit management field surveys including the salary survey published by the Los Angeles-based Center for Nonprofit Management. All compensation is approved by the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The following organizational documents of SOL-LAs are available for inspection or copying at the organization's office during normal business hours at no charge, except for a nominal copying fee:1) Tax Exemption Application2) IRS Determination letter3) Articles of Incorporation4) By-Laws5) Form 990 for the most recent and prior two years. The public inspection copy of the Form 990 will not include Schedule A or the Schedule B.The most updated versions of all of the preceding forms will be available.When responding to a public inspection request for any organizational document or Form 990 by anyone, SOL-LA will fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request.

Filing and Contact Details

Filer

Filer Name
SOL-LA Music Academy Inc
EIN
26-2128710
Phone
3108282912
Address
1812 Stanford St, Santa Monica, CA 90404

Signing Officer

Name
Dean Schramm
Title
Chairman
Signed
2017-05-09

Organization Details

Principal Officer
Dean Schramm
Formed
2007
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: EVENTSSOL-LA Music Academy provided the following events over the academic year:10 recitals celebrating solo and ensemble performances.7 Up-Beat Musicale informal recitals in which students perform works in progress and learn performance etiquette in a relaxed and supportive setting.4 master classes with visiting artists engaging students in unique and specialized learning experiences.2 Community concerts and festivals showcasing SOL-LA students and faculty.2 House Concert fundraising events.Special workshops to support student, faculty, and parent education.

College and High School Mentorships

SOL-LA's mentor ship program for UCLA Herb Alpert School of Music and university music students provides teaching experience and job opportunities, working with highly accomplished leading educators in the field of music and the performing arts. Advanced level high school students are given the opportunity to work with SOL-LA faculty, while mentoring younger students through after school instrumental practice sessions. The role of the mentor is to serve as a practice supervisor, coach, friend and role-model and introduces mentors to the art of teaching

Supplemental information

Founded in 2007 as a non-profit 501(c) 3 community music school, SOL-LA provides comprehensive music and performing arts education from early childhood through high school and, through music, transform the lives of children and the communities around them. SOL-LA Music Academy was built upon five basic commitments: (1) To provide innovative arts education to children from all backgrounds and income levels. (2) To enable students of all socio-economic backgrounds to develop strong artistic and musical educational foundations. (3) To develop the artistic abilities and technical skill of students through instrumental studies and the language of music and the performing arts. (4) To create bridges across diverse cultures and communities through music education and to make music relevant and exciting to today's youth. (5) To foster a creative community for students by providing artistic mentor ship and an environment for students to bond through healthy, joyful and creative music making. SOL-LA offers individual lessons and group classes in a wide range of instruments, a variety of ensemble classes, music theory and choral classes on campus and at satellite locations. The success of our program rests on the diversity of our student/parent community, the strength of our core curriculum, the high quality of our music faculty, and performance-based programs that foster a sense of community through weekly recitals, regular group class performances, monthly performance recitals and participation in master classes by world renowned guest artists. Since SOL-LA's inception, we have been committed to attracting, engaging and serving children for whom quality music education would not otherwise be available.

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IRS990/Desc0SOL-LA Campus ProgramSOL-LA offers lessons, classes, ensembles, chamber groups, music theory, and early education too over 250 students each year at our Santa Monica campus, bringing together a diverse student population as a community of musicians. SOL-LA classes and ensembles run from September to June and are divided into two 16-week semesters. Individual lessons occur year-round. SOL-LA supports access to music education for all children as well as high standards of excellence and achievement. We provide tuition assistance to over 50% of students in our on-campus classes. As SOL-LA is a community school, we embrace children of all levels and we believe that music should be a part of every child's education. SOL-LA supports the commitment and talent of particularly high-achieving students and SOL-LA students are consistent winners at competitions throughout Southern California as well as recipients of scholarship awards and acceptances to prestigious university and summer music programs.
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IRS990/MissionDesc0Founded in 2007, SOL-LA Music Academy is a non-profit 501 (c)(3) non-profit with the mission to provide high quality performing arts education to students from all backgrounds and economic circumstances, in an engaging and encouraging environment fostering achievement and community. Our comprehensive program reflects the belief that vibrant cultural education nurtures all areas of learning, connects diverse societies and enhances enjoyment of life. Central to our mission is to provide scholarships to our students in financial need and outreach programs at local schools offering the highest quality of music instruction to under served young at no cost to the students and the schools.
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IRS990/ProgSrvcAccomActy2Grp/Desc0St. Anne School ProgramSOL-LA's satellite program at St. Anne School, the only nonpublic Title 1 School in Santa Monica, CA is flourishing. SOL-LA provides music instruction at no cost to students at St. Anne School, where more than 40% of the families meet the Federal Food Program poverty criteria. In 2010, SOL-LA formed a partnership with Crossroads School's Elizabeth Mandell Music Institute (EMMI) and the Crossroads Community Outreach Foundation (CCOF) to provide music education at St. Anne School. The St. Anne music program began with a fourth grade class of 18 beginning violin students and has grown rapidly to now serve 260 K-8 grade students. In addition, St. Anne School students are eligible to attend string ensemble, music theory, and chorus classes on the SOL-LA campus with substantial tuition assistance. The essential aspects of the instrumental program are weekly lessons with a SOL-LA master teacher in violin, cello, guitar and chorus, as well as bi-weekly practice sessions for string players with mentors from EMMI at Crossroads School with the support of Crossroads School and CCOF. In addition college students from the UCLA Herb Alpert School of Music (HASOM) act as senior mentors. Instruments are provided to each student, the majority on loan from our community partner, American Youth Symphony, and many provided through donors. Other Satellite ProgramsIn addition to our program at Saint Anne School, SOL-LA has satellite programs at two other schools, Crossroads Elementary School and Saint Monica Catholic Elementary School in Santa Monica, CA. Both programs offer violin classes to students as part of the school's enrichment program. The Crossroads program offers two 60-minute classes each week to 45 students and the program at Saint Monica offers one 60-minute class each week to 30 students. Students in SOL-LA satellite and on-campus programs come together to perform several times over the course of the school year.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SOL-LA's mentorship program for UCLA Herb Alpert School of Music and university music students provides teaching experience and job opportunities, working with highly accomplished leading educators in the field of music and the performing arts. Advanced level high school students are given the opportunity to work with SOL-LA faculty, while mentoring younger students through after school instrumental practice sessions. The role of the mentor is to serve as a practice supervisor, coach, friend and role-model and introduces mentors to the art of teaching.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.57$0.35$1.21$5.60$6.15$0.55
2023Detailed filing. Detailed filing data is available for this year.$3.35$0.13$3.22$4.75$4.22$0.53
2022Detailed filing. Detailed filing data is available for this year.$2.77$0.08$2.69$3.49$3.67$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.94$0.07$2.87$3.93$3.40$0.52
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.06$2.35$4.35$3.99$0.36
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.50$1.99$5.02$4.35$0.67
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.04$1.32$5.21$5.21$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.23$1.32$4.44$4.42$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.41$0.11$1.29$4.64$4.49$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.31$1.14$4.19$4.10$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.48$0.43$1.05$5.59$5.08$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.29$0.53$4.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$2.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$2.10