Civic Intelligence

Grace Notes Music Foundation Inc.

990EZ • Fiscal year 2023 • EIN 27-1548189

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 25, 2024

Organization ProfileWWW.GRACENOTESMUSICFOUNDATION.ORG
500 Commerce Way West Suite 9Jupiter, FL 33458-8844

(561) 747-6878

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

72nd percentile

18%

Faster asset growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-6.8%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$201,933

Up $31,399 (+18%) from 2022

Net Assets

Up

$201,933

Up $31,399 (+18%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin81st percentile

Revenue

Down

$107,909

Down $7,922 (-6.8%) from 2022

Expenses

Up

$75,976

Up $14,524 (+24%) from 2022

Net Income

Down

$31,933

Down $22,446 (-41%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$300K$200K$100K$0Assets 2020: $45,530Net Assets 2020: $45,5302020Assets 2021: $116,154Net Assets 2021: $116,1542021Assets 2022: $170,534Net Assets 2022: $170,5342022Assets 2023: $201,933Net Assets 2023: $201,9332023

Highlighted filing

2023

Assets$201,933
Liabilities-
Net Assets$201,933
Open 2023 Filing

Operations Trend

Revenue Growth36th percentile

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

$150K$100K$50K$0Revenue 2020: $82,110Expenses 2020: $40,679Net Income 2020: $41,4312020Revenue 2021: $114,639Expenses 2021: $44,015Net Income 2021: $70,6242021Revenue 2022: $115,831Expenses 2022: $61,452Net Income 2022: $54,3792022Revenue 2023: $107,909Expenses 2023: $75,976Net Income 2023: $31,9332023

Highlighted filing

2023

Revenue$107,909
Expenses$75,976
Net Income$31,933
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 25, 2024
Return Version
2023v5.0
Gross Receipts
$107,909
Mission and Program Overview

Mission

The grace notes music foundation funds music scholarships and community outreach programs for children in need.

Program Services

DescriptionGrantsExpenses
TO PROVIDE MUSIC SCHOLARSHIPS AND COMMUNITY OUTREACH PROGRAMS TO CHILDREN IN NEED.-$63,993
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SANDRA BARANPrincipal Of-$0--
MATTHEW BARANDirector-$0--
ALICE CULBREATHDirector-$0--
ANI BATTIFARANODirector-$0--
LISA MOSSDirector-$0--
ANDREA WOLGINDirector-$0--
SHEILA HARTNETTDirector-$0--
Filing and Contact Details

Filer

Filer Name
Grace Notes Music Foundation Inc
EIN
27-1548189
Phone
5617476878
Address
500 COMMERCE WAY WEST SUITE 9, JUPITER, FL 33458-8844

Signing Officer

Name
Sandra Baran
Title
Principal Officer
Phone
5617476878
Signed
2024-07-25
Discuss with paid preparer
Yes

Preparer

Firm
Wisneski Sears & Sleeper Pa
Address
810 SATURN ST STE 30, JUPITER, FL 33477
Preparer
Lesley a Sears CPA
Phone
5617472772
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses insurance/background checks 1,603 scholarships 31,944 outreach 21,148 administrative expenses 4,668 fundraising expenses 6,113 total 65,476”

Form 990-ez, Part I, Line 20

“Prior period adjustment -534”

Form 990-ez, Part III

“The grace notes music foundation funds music scholarships and community outreach programs for children in need.”

Raw XML Appendix162 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MATTHEW BARAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ALICE CULBREATH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANI BATTIFARANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LISA MOSS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ANDREA WOLGIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SHEILA HARTNETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRINCIPAL OF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-534
IRS990EZ/OtherExpensesTotalAmt065476
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE GRACE NOTES MUSIC FOUNDATION FUNDS MUSIC SCHOLARSHIPS AND COMMUNITY OUTREACH PROGRAMS FOR CHILDREN IN NEED.
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IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt093326
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt046465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt076416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt061892
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011489
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0289588
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03139
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE/BACKGROUND CHECKS 1,603 SCHOLARSHIPS 31,944 OUTREACH 21,148 ADMINISTRATIVE EXPENSES 4,668 FUNDRAISING EXPENSES 6,113 TOTAL 65,476
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR PERIOD ADJUSTMENT -534
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GRACE NOTES MUSIC FOUNDATION FUNDS MUSIC SCHOLARSHIPS AND COMMUNITY OUTREACH PROGRAMS FOR CHILDREN IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDRA BARAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05617476878
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ReturnHeader/Filer/PhoneNum05617476878
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ReturnHeader/PreparerPersonGrp/PhoneNum05617472772
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LESLEY A SEARS CPA
ReturnHeader/ReturnTs02024-08-06T14:56:44-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$201,933
Liabilities
-
Net assets
$201,933
Revenue
$107,909
Expenses
$75,976
Net income
$31,933
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.02$2.02$1.08$0.76$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.71$1.71$1.16$0.61$0.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$1.16$1.15$0.44$0.71
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.46$0.82$0.41$0.41