Civic Intelligence

Elemental Strings Inc

990 • Fiscal year 2017 • EIN 27-3274582

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 07, 2017

1831 STANFORD ST Room 111Santa Monica, CA 90404

(424) 272-1559

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$90,299

Up $1,066 (+1.2%) from 2016

Net Assets

Up

$73,045

Up $2,371 (+3.4%) from 2016

Liabilities

Down

$17,254

Down $1,305 (-7.0%) from 2016

Revenue And Expenses

Revenue

Up

$343,128

Up $81,504 (+31%) from 2016

Expenses

Up

$340,757

Up $86,697 (+34%) from 2016

Net Income

Down

$2,371

Down $5,193 (-69%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $80,701Liabilities 2014: $12,030Net Assets 2014: $68,6712014Assets 2015: $75,751Liabilities 2015: $13,425Net Assets 2015: $62,3262015Assets 2016: $89,233Liabilities 2016: $18,559Net Assets 2016: $70,6742016Assets 2017: $90,299Liabilities 2017: $17,254Net Assets 2017: $73,0452017Assets 2018: $266,521Liabilities 2018: $174,111Net Assets 2018: $92,4102018Assets 2021: $317,550Liabilities 2021: $115,795Net Assets 2021: $201,7552021Assets 2022: $386,200Liabilities 2022: $156,574Net Assets 2022: $229,6262022Assets 2023: $581,269Liabilities 2023: $213,698Net Assets 2023: $367,5712023Assets 2024: $633,382Liabilities 2024: $292,984Net Assets 2024: $340,3982024Assets 2025: $1,135,847Liabilities 2025: $968,669Net Assets 2025: $167,1782025

Highlighted filing

2017

Assets$90,299
Liabilities$17,254
Net Assets$73,045

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $168,541Expenses 2014: $133,249Net Income 2014: $35,2922014Revenue 2015: $177,854Expenses 2015: $184,199Net Income 2015: -$6,3452015Revenue 2016: $261,624Expenses 2016: $254,060Net Income 2016: $7,5642016Revenue 2017: $343,128Expenses 2017: $340,757Net Income 2017: $2,3712017Revenue 2018: $452,363Expenses 2018: $433,165Net Income 2018: $19,1982018Revenue 2021: $475,489Expenses 2021: $502,148Net Income 2021: -$26,6592021Revenue 2022: $702,190Expenses 2022: $674,821Net Income 2022: $27,3692022Revenue 2023: $1,160,495Expenses 2023: $1,020,755Net Income 2023: $139,7402023Revenue 2024: $1,060,340Expenses 2024: $1,093,074Net Income 2024: -$32,7342024Revenue 2025: $1,212,017Expenses 2025: $1,272,848Net Income 2025: -$60,8312025

Highlighted filing

2017

Revenue$343,128
Expenses$340,757
Net Income$2,371
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$343,128
Mission and Program Overview

Mission

To inspire, train, and nuture young musicians on the westside of los angeles through collaborative ensemble and educational programs

To provide music education to students in los angeles county. Elemental strings provided 7 programs, served 279 students who performed in five concerts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,852$89,002▲ $56,150
Rtn Earn Endowment Incm Other Fnds$70,674$73,045▲ $2,371
Savings and Temporary Cash Investments$40,262--
Prepaid Expenses and Deferred Charges$6,650--
Accounts Receivable$9,025$1,000▼ $8,025
Land, Buildings, and Equipment, Net$444$297▼ $147
Total Assets$89,233$90,299▲ $1,066
Liabilities
Deferred Revenue$18,559$17,254▼ $1,305
Total Liabilities$18,559$17,254▼ $1,305
Net Assets / Fund Balance
Total Net Assets Fund Balance$70,674$73,045▲ $2,371
Total Liabilities and Net Assets / Fund Balance$89,233$90,299▲ $1,066

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$297$439$736
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcia CapparelaPresident
Brian DriscollVice President
Charles SternDirector
Cindee HallinanDirector
Grace PhillipsDirector
Ingrid HutmanDirector
Janie DocterDirector
Jeff KimDirector
Jeffrey OlsenDirector
Kirsten BerschDirector
Buzz GravelleSecretary
Tim TortoraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$133,179
Program Service Revenue
$166,690
Investment Income
$0
Other Revenue
$43,259
All Other Contributions
$111,129
Change in Net Assets
$2,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,205
Salaries, Compensation, and Employee Benefits$65,552
Total Fundraising Expense$14,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$203,431$5,590$4,263$213,284
Other Salaries and Wages-$55,999-$55,999
Office Expenses$6,751$4,469$9,899$21,119
Occupancy$14,446$6,600-$21,046
Payroll Taxes-$9,553-$9,553
Information Technology-$6,429-$6,429
Fees for Services Accounting-$2,780-$2,780
Insurance$971$1,076-$2,047
Other Expenses$2,600$1,294-$1,294
All Other Expenses-$200-$200
Depreciation Depletion-$147-$147
Total Functional Expenses$232,458$94,137$14,162$340,757
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,259
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Practice a Thon$12,848$12,848-$12,848
Fundraising Parties$5,111$5,111-$5,111
Total Events$43,259$43,259-$43,259
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Section 15, Line 15 AB

The governing board acts as the compensation committee for the approval of compensation paid to the executive director and the program directors and all expense reimbursements made for program and administrative cost. Total compensation paid to the executive director for the 2016 fiscal year was 49,999. The total compensation paid to the program directors for the 2016 fiscal year was 31,500. It is the boards responsibility to determine that compensation paid is commensurate with the job requirements and the skill level of the individual performing the task. The members of the board have sufficient and extensive experience in the general work environment to make the determination of the adequacy of the individuals skills and the fairness and competitiveness of the compensation paid.

Form 990, Part VI, Line 19

The organizations governing documents have been submitted to the california attorney generals office and are open for public inspection pursuant to the requirements of the attorney general of the state of california. The governing documents, conflict of interest policy and financial statements are open for public inspection upon request.

Form 990, Part VI, Line 11B

The organization uses an independent accounting firm to prepare the annual form 990. Form 990 is provided to the organizations executive director and treasurer and is reviewed for any obvious errors and omissions.

Filing and Contact Details

Filer

Filer Name
Elemental Strings Inc
EIN
27-3274582
Phone
4242721559
Address
1831 STANFORD ST Room 111, SANTA MONICA, CA 90404

Signing Officer

Name
Josephine Moerschel
Title
Executive Director
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcia Capparela
Formed
2010
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
8

Preparer

Firm
Robert D Heinrich CPA Inc
Address
140 S LAKE AVE STE 300, PASADENA, CA 91101
Preparer
Robert D Heinrich
Phone
6265849501
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 75,792, Grants and allocations 0, Revenue 30,640 THE BERGMANN PROJECTPROVIDED 67 LOW INCOME STUDENTS WITH WEEKLY PRIVATE OR SEMI-PRIVATE INSTRUCTION THROUGHOUT THE ENTIRE YEAR. THESE LESSONS FOCUSED ON BUILDING AND STRENGTHENING TECHNIQUE AND MUSICIANSHIP FOR LOW INCOME STUDENTS IN THE COMMUNITY. GIVING THEM THE TOOLS TO SUCCEED IN THEIR SCHOOL MUSIC PROGRAMS.

Form 990, Part III, Line 4D

Program Service Expenses 16,731, Grants and allocations 0, Revenue 7,110 ELEMENTAL GUITAR IS AN ENSEMBLE PROGRAM FOR CLASSICAL GUITARIST IN GRADES 3 THROUGH 6. BEGINNING AND INTERMEDIATE GUITAR STUDENTS RECEIVED HIGH QUALITY TRAINING THAT FOCUSED ON BUILDING TECHNIQUE AND KNOWLEDGE OF MUSIC THEORY IN A GROUP ENSEMBLE SETTING. STUDENTS RECEIVED 2 HOURS OF INSTRUCTION WEEKLY WITH 3 FORMAL PERFORMANCES THROUGHOUT THE SEASON. 20 STUDENTS ENROLLED IN THIS PROGRAM.

Form 990, Part III, Line 4D

Program Service Expenses 25,871, Grants and allocations 0, Revenue 22,842 ACADEMY STRINGS IS A MIDDLE SCHOOL YOUTH ORCHESTRA PROGRAM THAT FOCUSES ON CONTINUING THE ORGANIZATIONS THOROUGH ENSEMBLE TRAINING FOR 6TH THROUGH 8TH GRADE STUDENTS. STUDENTS RECEIVED 2 HOURS OF INSTRUCTION WEEKLY WITH 3 FORMAL PERFORMANCES THROUGHOUT THE SEASON. 33 STUDENTS ENROLLED IN THIS PROGRAM.

Form 990, Part III, Line 4D

Program Service Expenses 16,741, Grants and allocations 0, Revenue 10,517 ELEMENTAL CHOIR IS A BEGINNING CHORAL PROGRAM FOR ELEMETARY STUDENTS, GRADES 3 THROUGH 5. 19 STUDENTS PARTICIPATED IN THIS PROGRAM.

Form 990, Part IX, Line 11G

Total other fees for service - column a 213,284 column b other fees for service consist of teaching artists 164,529., program directors fee 31500., program assistant fee 1,402., program manager 6000. Column c - other fees for service cosist of graphic design 5,000., contract admin services - 590. Column d - other fees for service consist of grant writing 4263.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE PRELUDE PROGRAM IS A BEGINNING STRING PROGRAM FOR STUDENTS WITH NO PREVIOUS PLAYING EXPERIENCE. THIS PROGRAM PROVIDES HIGH QUALITY WEEKLY INSTRUCTION FOR BEGINNING STRING STUDENTS. 23 STUDENTS PARTICIPATED IN THIS PROGRAM. STUDENTS RECEIVE TWO HOURS OF MUSICAL INSTRUCTION EACH WEEK.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ELEMENTAL BAND PROVIDES 3RD, 4TH AND 5TH GRADE WOODWIND, BRASS AND PERCUSSION STUDENTS WITH THEIR FIRST LARGE ENSEMBLE EXPERIENCES. A COMBINATION OF LARGE AND SMALL GROUP INSTRUCTION PROVIDED 39 STUDENTS WITH THE FUNDAMENTALS OF BOTH THEIR INSTRUMENTS AND ENSEMBLE PLAYING SKILLS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5CHARLES STERN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6GRACE PHILLIPS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
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