Civic Intelligence

Miami Music Project Inc.

990 • Fiscal year 2019 • EIN 26-4084871

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

2000 S Dixie Highway Suite 100BMiami, FL 33133

(786) 422-5221

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

74th percentile

$114,768

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

94th percentile

72%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

63%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,334,445

Up $977,015 (+72%) from 2018

Net Assets

Up

$2,241,663

Up $957,581 (+75%) from 2018

Liabilities

Up

$92,782

Up $19,434 (+26%) from 2018

Revenue

Up

$2,737,198

Up $1,061,027 (+63%) from 2018

Expenses

Up

$1,815,337

Up $370,274 (+26%) from 2018

Net Income

Up

$921,861

Up $690,753 (+299%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $689,543Liabilities 2010: $7,844Net Assets 2010: $681,6992010Assets 2013: $1,004,285Liabilities 2013: $11,763Net Assets 2013: $992,5222013Assets 2015: $1,034,512Liabilities 2015: $23,209Net Assets 2015: $1,011,3032015Assets 2016: $1,050,433Liabilities 2016: $35,015Net Assets 2016: $1,015,4182016Assets 2017: $1,061,584Liabilities 2017: $23,174Net Assets 2017: $1,038,4102017Assets 2018: $1,357,430Liabilities 2018: $73,348Net Assets 2018: $1,284,0822018Assets 2019: $2,334,445Liabilities 2019: $92,782Net Assets 2019: $2,241,6632019Assets 2020: $2,415,923Liabilities 2020: $272,748Net Assets 2020: $2,143,1752020Assets 2021: $3,277,003Liabilities 2021: $356,222Net Assets 2021: $2,920,7812021Assets 2022: $3,947,856Liabilities 2022: $497,504Net Assets 2022: $3,450,3522022Assets 2024: $4,166,017Liabilities 2024: $624,404Net Assets 2024: $3,541,6132024

Highlighted filing

2019

Assets$2,334,445
Liabilities$92,782
Net Assets$2,241,663

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $294,3072010Expenses 2013: $546,6902013Revenue 2015: $868,657Expenses 2015: $876,292Net Income 2015: -$7,6352015Revenue 2016: $1,077,926Expenses 2016: $1,082,300Net Income 2016: -$4,3742016Revenue 2017: $1,369,811Expenses 2017: $1,345,032Net Income 2017: $24,7792017Revenue 2018: $1,676,171Expenses 2018: $1,445,063Net Income 2018: $231,1082018Revenue 2019: $2,737,198Expenses 2019: $1,815,337Net Income 2019: $921,8612019Revenue 2020: $1,747,871Expenses 2020: $1,828,760Net Income 2020: -$80,8892020Revenue 2021: $2,147,653Expenses 2021: $1,665,954Net Income 2021: $481,6992021Revenue 2022: $2,974,303Expenses 2022: $2,164,728Net Income 2022: $809,5752022Revenue 2024: $3,058,386Expenses 2024: $2,986,717Net Income 2024: $71,6692024

Highlighted filing

2019

Revenue$2,737,198
Expenses$1,815,337
Net Income$921,861
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$2,737,198
Mission and Program Overview

Mission

Miami music project uses music as a tool for social transformation, empowering children to acquire values and achieve their full potential, positively affecting society, through the study and performance of music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$476,308$1,286,746▲ $810,438
Investments in Publicly Traded Securities$807,165$764,525▼ $42,640
Pledges and Grants Receivable$46,151$246,583▲ $200,432
Land, Buildings, and Equipment, Net$23,817$33,825▲ $10,008
Total Assets$1,357,430$2,334,445▲ $977,015
Other Assets Total$3,989$2,766▼ $1,223
Liabilities
Accounts Payable and Accrued Expenses$73,348$92,782▲ $19,434
Total Liabilities$73,348$92,782▲ $19,434
Net Assets / Fund Balance
Unrestricted Net Assets$1,034,082$2,027,531▲ $993,449
Temporarily Rstr Net Assets$250,000$214,132▼ $35,868
Total Net Assets Fund Balance$1,284,082$2,241,663▲ $957,581
Total Liabilities and Net Assets / Fund Balance$1,357,430$2,334,445▲ $977,015

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,825$15,897$49,722
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anna KlimalaExecutive DiFT$114,768$114,768

Board Members and Trustees

NameTitle
Wasim J ShomarChairman & P
Stanley CohenChairman Eme
Alan S BernsteinBoard Member
Astrid ArrarasBoard Member
Ben EisenbergBoard Member
Carlton FordBoard Member
Carol BerkmanBoard Member
Carol ReichBoard Member
Daniel C Mazanec EsqBoard Member
David F KamonsBoard Member
David WilsonBoard Member
James JuddBoard Member
John CopelandBoard Member
Nicole HenryBoard Member
Jack FirestoneTreasurer &
Revenue and Support

Revenue Composition

Contributions and Grants
$2,703,591
Program Service Revenue
$11,415
Investment Income
$22,192
Other Revenue
$0
All Other Contributions
$2,703,591
Change in Net Assets
$921,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,737,198
Revenue Not Reported on Form 990
$82,583
Total Revenue per Audited Statements
$2,819,781
Total Revenue per Form 990
$2,737,198
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,006,439
Salaries, Compensation, and Employee Benefits$808,898
Total Fundraising Expense$102,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$458,300$89,111$44,250$591,661
Current Officers, Directors, Trustees, and Key Employees$90,581$17,612$8,746$116,939
Payroll Taxes$76,394$15,973$7,931$100,298
Office Expenses$45,795$2,297$33,566$81,658
All Other Expenses$53,644$9,373$3,846$66,863
Occupancy$42,493$4,063-$46,556
Other Expenses$36,458--$36,458
Travel$19,777$4,379$1,083$25,239
Fees for Services Other$14,645-$2,781$17,426
Insurance$12,364$3,091-$15,455
Fees for Services Accounting$10,935$2,733-$13,668
Information Technology$12,266$681$681$13,628
Conferences and Meetings$8,037$873-$8,910
Depreciation Depletion$5,618$625-$6,243
Total Functional Expenses$1,561,642$150,811$102,884$1,815,337

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,862,200
Expenses per Audited Statements$1,815,337
Total Expenses per Form 990$1,815,337
Expenses Not Reported on Form 990$46,863
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
Annual disclosure for covered persons
No
Audit committee
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
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 990 is reviewed by the director of operations, then by the executive director and reviewed and approved by the treasurer/finance chair. Once filed, a copy of the 990 is provided to the board of directors as per request.

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

The board of trustees follows the standard practices for approval of compensation as suggested by the national council of nonprofits. It includes, but is not limited to: - obtaining research and information to make a recommendation to the full board for the compensation of the director based on a review of comparability data (which may include written job offers for positions at similar organizations, salary and benefit compensation studies, telephone calls about similar positions at organizations, information obtained from the irs form 990 filings of similar organizations. - documentation description of compensations and benefits, letter of engagement after the person is hired.

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

The board of trustees follows the standard practices for approval of compensation as suggested by the national council of nonprofits. It includes, but is not limited to: - obtaining research and information to make a recommendation to the full board for the compensation of the director based on a review of comparability data (which may include written job offers for positions at similar organizations, salary and benefit compensation studies, telephone calls about similar positions at organizations, information obtained from the irs form 990 filings of similar organizations. - documentation description of compensations and benefits, letter of engagement after the person is hired.

Form 990, Page 6, Part VI, Line 19

AS REQUESTED

Filing and Contact Details

Filer

Filer Name
Miami Music Project Inc
EIN
26-4084871
Phone
7864225221
Address
2000 S DIXIE HIGHWAY SUITE 100B, MIAMI, FL 33133

Signing Officer

Name
Anna Klimala
Title
Executive Director
Phone
7864225221
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Klimala
Formed
2008
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
23
Volunteers
50

Preparer

Firm
Gutierrez Madariaga CPA Pa
Address
8025 NW 162ND ST, MIAMI LAKES, FL 33016
Preparer
John-paul Madariaga
Phone
3057781899
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Miami music project's mission is to serve children from miami's economically and geographically underserved communities. Children from miami's most at-risk demographics need safe environments to form meaningful friendships while learning important skills to become contributing citizens. Students have limited access to affordable afterschool activities and quality arts education. Miami's vulnerable populations and immigrant communities must overcome significant odds such as parents working multiple jobs, or not being able to afford tuition or purchase necessary materials to participate and access these life-changing opportunities. This is particularly prevalent in the communities of liberty city, little haiti, little havana, miami springs, and miami gardens where miami music project operates. Miami music project helps to reverse these trends. We serve students from at-risk demographics who don't receive the opportunities necessary to become exceptional students and college graduates. This year, our students were: - 60% female - 40% male - 50% black - 44% hispanic - 6% white/other - 87% students qualify for free/reduced lunch - 94% identify as a minority miami music project is dedicated to reaching at-risk communities with high-quality music education designed to increase positive youth development and kindle the skills necessary to become successful artists, students, citizens, and leaders. Miami music project's programs are all tuition-free and accept students regardless of musical background. Instruments, classes, and busing are provided completely free-of-charge. All children with interest are welcomed into the program. This year, we provided programming across five community chapters serving children and youth with two hours of intense musical instruction daily on five levels of advancement. Students learned high-quality orchestra repertoire showcased during multiple performances year-round, at major and historic performing arts venues throughout miami dade county including new world center, adrienne arsht center, and fiu wertheim performing arts center. Major successes from the season included: - miami music project's 10th anniversary celebration: a sold-out show at new world center, - opening of the miami gardens chapter - increasing the program's capacity by 20%, - 46 miami music project students attending the prestigious interlochen summer arts camp, - miami music box - an art basel exhibit bringing awareness to inequalities and the programs of miami music project at the raw pop-up in downtown miami, - miami music project students perform the national anthem at a primetime miami heat game, - major awards received from knight foundation and national endowment for the arts, and - all of miami music project's graduating seniors will attend college or university. Independent research has already shown how much miami music project's programming can transform a child's life. For students, our program provides more than just music education. We provide music as a vehicle for social transformation. Our students showed: - improvement across competence, confidence, character, connection and caring, - better psychological adjustment, experiencing a reduction in social anxiety and problems with peers, - improved executive functioning, specifically working memory, - significant enhancements in traits such as grit, goal-directed hope and empathy, and - improvements in youth skills, attitudes and behaviors over the course of the school year additionally, providing a free program as a resource for working and underserved families has proven to be impactful. 78% of parents reported that our program made it more affordable for their child to be in quality programs, 64% reported that their overall stress level was reduced knowing their child was out of trouble, and 70% reported that miami music project gave their child opportunities they are not able to get in school. Miami music project was able to accomplish all of this while remaining

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provision of asc no. 740. "accounting for uncertainty in income taxes" ("asc no. 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statement if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 6/30/2019, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statute limitations may go back to the year end 2016.

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IRS990/Desc0MIAMI MUSIC PROJECT'S MISSION IS TO SERVE CHILDREN FROM MIAMI'S ECONOMICALLY AND GEOGRAPHICALLY UNDERSERVED COMMUNITIES. CHILDREN FROM MIAMI'S MOST AT-RISK DEMOGRAPHICS NEED SAFE ENVIRONMENTS TO FORM MEANINGFUL FRIENDSHIPS WHILE LEARNING IMPORTANT SKILLS TO BECOME CONTRIBUTING CITIZENS. STUDENTS HAVE LIMITED ACCESS TO AFFORDABLE AFTERSCHOOL ACTIVITIES AND QUALITY ARTS EDUCATION. MIAMI'S VULNERABLE POPULATIONS AND IMMIGRANT COMMUNITIES MUST OVERCOME SIGNIFICANT ODDS SUCH AS PARENTS WORKING MULTIPLE JOBS, OR NOT BEING ABLE TO AFFORD TUITION OR PURCHASE NECESSARY MATERIALS TO PARTICIPATE AND ACCESS THESE LIFE-CHANGING OPPORTUNITIES. THIS IS PARTICULARLY PREVALENT IN THE COMMUNITIES OF LIBERTY CITY, LITTLE HAITI, LITTLE HAVANA, MIAMI SPRINGS, AND MIAMI GARDENS WHERE MIAMI MUSIC PROJECT OPERATES. MIAMI MUSIC PROJECT HELPS TO REVERSE THESE TRENDS. WE SERVE STUDENTS FROM AT-RISK DEMOGRAPHICS WHO DON'T RECEIVE THE OPPORTUNITIES NECESSARY TO BECOME EXCEPTIONAL STUDENTS AND COLLEGE GRADUATES. THIS YEAR, OUR STUDENTS WERE: - 60% FEMALE - 40% MALE - 50% BLACK - 44% HISPANIC - 6% WHITE/OTHER - 87% STUDENTS QUALIFY FOR FREE/REDUCED LUNCH - 94% IDENTIFY AS A MINORITY MIAMI MUSIC PROJECT IS DEDICATED TO REACHING AT-RISK COMMUNITIES WITH HIGH-QUALITY MUSIC EDUCATION DESIGNED TO INCREASE POSITIVE YOUTH DEVELOPMENT AND KINDLE THE SKILLS NECESSARY TO BECOME SUCCESSFUL ARTISTS, STUDENTS, CITIZENS, AND LEADERS. MIAMI MUSIC PROJECT'S PROGRAMS ARE ALL TUITION-FREE AND ACCEPT STUDENTS REGARDLESS OF MUSICAL BACKGROUND. INSTRUMENTS, CLASSES, AND BUSING ARE PROVIDED COMPLETELY FREE-OF-CHARGE. ALL CHILDREN WITH INTEREST ARE WELCOMED INTO THE PROGRAM. THIS YEAR, WE PROVIDED PROGRAMMING ACROSS FIVE COMMUNITY CHAPTERS SERVING CHILDREN AND YOUTH WITH TWO HOURS OF INTENSE MUSICAL INSTRUCTION DAILY ON FIVE LEVELS OF ADVANCEMENT. STUDENTS LEARNED HIGH-QUALITY ORCHESTRA REPERTOIRE SHOWCASED DURING MULTIPLE PERFORMANCES YEAR-ROUND, AT MAJOR AND HISTORIC PERFORMING ARTS VENUES THROUGHOUT MIAMI DADE COUNTY INCLUDING NEW WORLD CENTER, ADRIENNE ARSHT CENTER, AND FIU WERTHEIM PERFORMING ARTS CENTER. MAJOR SUCCESSES FROM THE SEASON INCLUDED: - MIAMI MUSIC PROJECT'S 10TH ANNIVERSARY CELEBRATION: A SOLD-OUT SHOW AT NEW WORLD CENTER, - OPENING OF THE MIAMI GARDENS CHAPTER - INCREASING THE PROGRAM'S CAPACITY BY 20%, - 46 MIAMI MUSIC PROJECT STUDENTS ATTENDING THE PRESTIGIOUS INTERLOCHEN SUMMER ARTS CAMP, - MIAMI MUSIC BOX - AN ART BASEL EXHIBIT BRINGING AWARENESS TO INEQUALITIES AND THE PROGRAMS OF MIAMI MUSIC PROJECT AT THE RAW POP-UP IN DOWNTOWN MIAMI, - MIAMI MUSIC PROJECT STUDENTS PERFORM THE NATIONAL ANTHEM AT A PRIMETIME MIAMI HEAT GAME, - MAJOR AWARDS RECEIVED FROM KNIGHT FOUNDATION AND NATIONAL ENDOWMENT FOR THE ARTS, AND - ALL OF MIAMI MUSIC PROJECT'S GRADUATING SENIORS WILL ATTEND COLLEGE OR UNIVERSITY. INDEPENDENT RESEARCH HAS ALREADY SHOWN HOW MUCH MIAMI MUSIC PROJECT'S PROGRAMMING CAN TRANSFORM A CHILD'S LIFE. FOR STUDENTS, OUR PROGRAM PROVIDES MORE THAN JUST MUSIC EDUCATION. WE PROVIDE MUSIC AS A VEHICLE FOR SOCIAL TRANSFORMATION. OUR STUDENTS SHOWED: - IMPROVEMENT ACROSS COMPETENCE, CONFIDENCE, CHARACTER, CONNECTION AND CARING, - BETTER PSYCHOLOGICAL ADJUSTMENT, EXPERIENCING A REDUCTION IN SOCIAL ANXIETY AND PROBLEMS WITH PEERS, - IMPROVED EXECUTIVE FUNCTIONING, SPECIFICALLY WORKING MEMORY, - SIGNIFICANT ENHANCEMENTS IN TRAITS SUCH AS GRIT, GOAL-DIRECTED HOPE AND EMPATHY, AND - IMPROVEMENTS IN YOUTH SKILLS, ATTITUDES AND BEHAVIORS OVER THE COURSE OF THE SCHOOL YEAR ADDITIONALLY, PROVIDING A FREE PROGRAM AS A RESOURCE FOR WORKING AND UNDERSERVED FAMILIES HAS PROVEN TO BE IMPACTFUL. 78% OF PARENTS REPORTED THAT OUR PROGRAM MADE IT MORE AFFORDABLE FOR THEIR CHILD TO BE IN QUALITY PROGRAMS, 64% REPORTED THAT THEIR OVERALL STRESS LEVEL WAS REDUCED KNOWING THEIR CHILD WAS OUT OF TROUBLE, AND 70% REPORTED THAT MIAMI MUSIC PROJECT GAVE THEIR CHILD OPPORTUNITIES THEY ARE NOT ABLE TO GET IN SCHOOL. MIAMI MUSIC PROJECT WAS ABLE TO ACCOMPLISH ALL OF THIS WHILE REMAINING
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IRS990/MissionDesc0MIAMI MUSIC PROJECT USES MUSIC AS A TOOL FOR SOCIAL TRANSFORMATION, EMPOWERING CHILDREN TO ACQUIRE VALUES AND ACHIEVE THEIR FULL POTENTIAL, POSITIVELY AFFECTING SOCIETY, THROUGH THE STUDY AND PERFORMANCE OF MUSIC.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISION OF ASC NO. 740. "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO. 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENT IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/2019, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUTE LIMITATIONS MAY GO BACK TO THE YEAR END 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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