Civic Intelligence

Random Access Music Incorporation

990EZ • Fiscal year 2020 • EIN 27-0295025

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 29, 2020

132 Westervelt AvenueStaten Island, NY 10301

(718) 568-4552

Siviq Scores

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

Liabilities / Assets

87th percentile

0.65x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • NTEE A68 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.20x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • NTEE A68 • <$500k nonprofits • Source year 2020

Net Margin

53rd percentile

7.6%

Higher net margin than 53% of similar nonprofits.

2020 filings • NTEE A68 • <$500k nonprofits • Source year 2020

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2020 filings • NTEE A68 • <$500k nonprofits • Source year 2020

Asset Growth

67th percentile

32%

Faster asset growth than 67% of similar nonprofits.

2020 filings • NTEE A68 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

-44%

Faster revenue growth than 34% of similar nonprofits.

2020 filings • NTEE A68 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,743

Up $908 (+32%) from 2019

Net Assets

Up

$1,312

Up $908 (+225%) from 2019

Liabilities

Flat

$2,431

Flat from 2019

Revenue

Down

$11,964

Down $9,579 (-44%) from 2019

Expenses

Down

$11,056

Down $8,202 (-43%) from 2019

Net Income

Down

$908

Down $1,377 (-60%) from 2019

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0-$10KAssets 2017: $2,375Net Assets 2017: $2,3752017Assets 2018: $540Liabilities 2018: $2,421Net Assets 2018: -$1,8812018Assets 2019: $2,835Liabilities 2019: $2,431Net Assets 2019: $4042019Assets 2020: $3,743Liabilities 2020: $2,431Net Assets 2020: $1,3122020Assets 2021: $6,881Net Assets 2021: $6,8812021Assets 2022: $21,943Net Assets 2022: $21,9432022Assets 2023: $23,206Net Assets 2023: $23,2062023Assets 2024: $15,506Net Assets 2024: $15,5062024Assets 2025: $27,275Liabilities 2025: $550Net Assets 2025: $26,7252025

Highlighted filing

2020

Assets$3,743
Liabilities$2,431
Net Assets$1,312

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2017: $16,241Expenses 2017: $17,567Net Income 2017: -$1,3262017Revenue 2018: $19,386Expenses 2018: $23,642Net Income 2018: -$4,2562018Revenue 2019: $21,543Expenses 2019: $19,258Net Income 2019: $2,2852019Revenue 2020: $11,964Expenses 2020: $11,056Net Income 2020: $9082020Revenue 2021: $15,163Expenses 2021: $12,025Net Income 2021: $3,1382021Revenue 2022: $41,933Expenses 2022: $28,819Net Income 2022: $13,1142022Revenue 2023: $45,410Expenses 2023: $44,147Net Income 2023: $1,2632023Revenue 2024: $45,764Expenses 2024: $52,194Net Income 2024: -$6,4302024Revenue 2025: $54,398Expenses 2025: $43,179Net Income 2025: $11,2192025

Highlighted filing

2020

Revenue$11,964
Expenses$11,056
Net Income$908
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 29, 2020
Return Version
2019v5.1
Gross Receipts
$11,964
Mission and Program Overview

Mission

Promote and produce live chamber music by American composers at venues in Queens and NYC; foster collaboration between composers and performers; nurture connections among audiences, composers and musicians; expand the audience for new music through the annual Queens New Music Festival.

Program Services

DescriptionGrantsExpenses
For this season, Random Access Music (RAM) planned to honor the centenary$0$5,759
The Seventh Queens New Music Festival was planned to$0$4,948
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
B ALLEN SCHULZChairman, Director-$0--
DAVID FETHEROLFPresident-$0--
JENNIE HIRSCHFELDTreasurer, Secretary-$0--
DANIEL OLSONDirector-$0--
KATE DILLINGHAMArtistic & Exec Director-$0--
MAKI HATAEDirector-$0--
RICHARD ALLENDirector-$0--
JOHN BAKERDirector-$0--
SETH BOUSTEADDirector-$0--
CHARLES HAGAMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Random Access Music Ltd
EIN
27-0295025
Phone
7185684552
Address
132 WESTERVELT AVENUE, STATEN ISLAND, NY 10301

Signing Officer

Name
David D Fetherolf
Title
President
Phone
7185684552
Signed
2020-09-29
Discuss with paid preparer
Yes

Preparer

Firm
Olson Tax and Financial Planning
Address
106-19 Metropolitan Ave, FOREST HILLS, NY 11375
Preparer
Daniel D Olson
Phone
7185518244
Supplemental Narrative

Additional Explanations

Pt III, Line 31

The Seventh Queens New Music Festival was planned to feature living women composers with several world premiers. Festival was to take place during the Long Island City Arts Open to maximize audience impact and included five concerts featuring local musicians and composers. This program has been postponed to a later date. In past festivals, attendence was 100-200

Pt III, Line 31

For this season, Random Access Music (RAM) planned to honor the centenary of women's suffrage featuring women composers from the last 100 years. The season was shortened by COVID-19 shutdowns, but RAM still presented two public concerts, one each in Queens and Manhattan, and one concert fundraiser. Total audience was 100

Pt III, Line 31

MISSION STATEMENT: Promote and produce live chamber music by American composers at venues in Queens and NYC; foster collaboration between composers and performers; nurture connections among audiences, composers and musicians; expand the audience for new music through the annual Queens New Music Festival.

Form 990EZ, Part I, Line 8

IN KIND ACCOUNTING 350.

Form 990EZ, Part I, Line 8

In kind performance fees 1200.

Form 990EZ, Part I, Line 16

Advertising, general 393.

Form 990EZ, Part I, Line 16

Advertising, internet, web 312.

Form 990EZ, Part I, Line 16

BANKING 51.

Form 990EZ, Part I, Line 16

Dues and subscriptions 175.

Form 990EZ, Part I, Line 16

EQUIPMENT RENTAL 945.

Form 990EZ, Part I, Line 16

INSURANCE 201.

Form 990EZ, Part I, Line 16

OFFICE SUPPLIES 178.

Form 990EZ, Part I, Line 16

OFFICE TECHNOLOGY 449.

Form 990EZ, Part I, Line 16

REFUND 20.

Form 990EZ, Part I, Line 16

ROYALTIES/BMI/ASCAP 241.

Form 990EZ, Part II, Line 26

Loan from director 2431. 2431.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Seventh Queens New Music Festival was planned to feature living women composers with several world premiers. Festival was to take place during the Long Island City Arts Open to maximize audience impact and included five concerts featuring local musicians and composers. This program has been postponed to a later date. In past festivals, attendence was 100-200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1For this season, Random Access Music (RAM) planned to honor the centenary of women's suffrage featuring women composers from the last 100 years. The season was shortened by COVID-19 shutdowns, but RAM still presented two public concerts, one each in Queens and Manhattan, and one concert fundraiser. Total audience was 100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISSION STATEMENT: Promote and produce live chamber music by American composers at venues in Queens and NYC; foster collaboration between composers and performers; nurture connections among audiences, composers and musicians; expand the audience for new music through the annual Queens New Music Festival.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN KIND ACCOUNTING 350.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN KIND PERFORMANCE FEES 1200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADVERTISING, GENERAL 393.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADVERTISING, INTERNET, WEB 312.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANKING 51.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DUES AND SUBSCRIPTIONS 175.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EQUIPMENT RENTAL 945.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INSURANCE 201.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11OFFICE SUPPLIES 178.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12OFFICE TECHNOLOGY 449.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13REFUND 20.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14ROYALTIES/BMI/ASCAP 241.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LOAN FROM DIRECTOR 2431. 2431.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID D FETHEROLF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07185684552
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RANDOM ACCESS MUSIC LTD
ReturnHeader/Filer/BusinessNameControlTxt0RAND
ReturnHeader/Filer/EIN0270295025
ReturnHeader/Filer/PhoneNum07185684552
ReturnHeader/Filer/USAddress/AddressLine1Txt0132 WESTERVELT AVENUE
ReturnHeader/Filer/USAddress/CityNm0STATEN ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010301
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSON TAX AND FINANCIAL PLANNING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106-19 Metropolitan Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOREST HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011375
ReturnHeader/PreparerPersonGrp/PhoneNum07185518244
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL D OLSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-06T07:58:39-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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