Civic Intelligence

Mt. Vernon Music Boosters Ltd.

EIN 30-0186338 • 501(c)3 • Fortville, IN

Pub. 78 Eligible

Profile

Provide a means to promote the appreciation of music for the students and adults of the mt. Vernon school district, foster a continuing mutual musical interest, participate in activities that are of service to the musical community, contribute to the activities and development of the music department of mt. Vernon community schools and raise funds to provide enrichment for the school's population and facilities.

8112 N 200 WFortville, IN 46040

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

14th percentile

-50%

Higher net margin than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-29%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-56%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$115,485

Down $7,774 (-6.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$115,485

Down $7,774 (-6.3%) from 2023

Revenue

Up

$217,316

Up $75,348 (+53%) from 2023

Expenses

Up

$225,090

Up $68,355 (+44%) from 2023

Net Income

Up

-$7,774

Up $6,993 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $28,438Net Assets 2010: $28,4382010Assets 2011: $46,086Liabilities 2011: $18,810Net Assets 2011: $27,2762011Assets 2012: $47,674Net Assets 2012: $47,6742012Assets 2013: $41,573Net Assets 2013: $41,5732013Assets 2014: $34,246Net Assets 2014: $34,2462014Assets 2015: $22,485Net Assets 2015: $22,4852015Assets 2016: $14,615Net Assets 2016: $14,6152016Assets 2017: $21,522Liabilities 2017: $0Net Assets 2017: $21,5222017Assets 2019: $81,833Liabilities 2019: $0Net Assets 2019: $81,8332019Assets 2020: $115,895Liabilities 2020: $0Net Assets 2020: $115,8952020Assets 2021: $82,032Liabilities 2021: $0Net Assets 2021: $82,0322021Assets 2022: $138,027Liabilities 2022: $0Net Assets 2022: $138,0272022Assets 2023: $123,259Liabilities 2023: $0Net Assets 2023: $123,2592023Assets 2024: $115,485Liabilities 2024: $0Net Assets 2024: $115,4852024

Highlighted filing

2024

Assets$115,485
Liabilities$0
Net Assets$115,485

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $69,680Expenses 2010: $74,665Net Income 2010: -$4,9852010Revenue 2011: $66,046Expenses 2011: $67,208Net Income 2011: -$1,1622011Revenue 2012: $128,170Expenses 2012: $107,773Net Income 2012: $20,3972012Revenue 2013: $69,147Expenses 2013: $75,248Net Income 2013: -$6,1012013Revenue 2014: $72,866Expenses 2014: $80,193Net Income 2014: -$7,3272014Revenue 2015: $69,803Expenses 2015: $81,565Net Income 2015: -$11,7622015Revenue 2016: $125,073Expenses 2016: $132,943Net Income 2016: -$7,8702016Revenue 2017: $159,638Expenses 2017: $152,731Net Income 2017: $6,9072017Revenue 2019: $175,791Expenses 2019: $121,052Net Income 2019: $54,7392019Revenue 2020: $151,836Expenses 2020: $117,774Net Income 2020: $34,0622020Revenue 2021: $67,258Expenses 2021: $101,121Net Income 2021: -$33,8632021Revenue 2022: $160,192Expenses 2022: $103,364Net Income 2022: $56,8282022Revenue 2023: $141,968Expenses 2023: $156,735Net Income 2023: -$14,7672023Revenue 2024: $217,316Expenses 2024: $225,090Net Income 2024: -$7,7742024

Highlighted filing

2024

Revenue$217,316
Expenses$225,090
Net Income-$7,774

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$2.17$2.25$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$1.42$1.57$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$1.60$1.03$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.00$0.82$0.67$1.01$0.34
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$1.52$1.18$0.34
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.76$1.21$0.55
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$1.60$1.53$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.15$1.25$1.33$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.22$0.70$0.82$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.34$0.73$0.80$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.42$0.69$0.75$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.48$1.28$1.08$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.19$0.27$0.66$0.67$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.28$0.70$0.75$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Aug 21, 2024
Return Version
2023v5.0
Gross Receipts
$217,316
Mission and Program Overview

Mission

Provide a means to promote the appreciation of music for the students and adults of the mt. Vernon school district, foster a continuing mutual musical interest, participate in activities that are of service to the musical community, contribute to the activities and development of the music department of mt. Vernon community schools and raise funds to provide enrichment for the school's population and facilities.

Support for High School Music Department for Mt Vernon High School, Fortville, IN

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,566$76,801▼ $23,765
Cash and Non-Interest-Bearing Accounts$27,346$31,318▲ $3,972
Accounts Receivable$-4,996$-4,596▲ $400
Total Assets$123,259$115,485▼ $7,774
Other Assets Total$343$11,962▲ $11,619
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$123,259$115,485▼ $7,774
Total Net Assets Fund Balance$123,259$115,485▼ $7,774
Total Liabilities and Net Assets / Fund Balance$123,259$115,485▼ $7,774
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brandy WagnerPresident
Tracy ParisVice President
Amber FoxSecretary
Shanon KeithlyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,767
Program Service Revenue
$161,549
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-7,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$17,120--$17,120
All Other Expenses$-1,710--$-1,710
Total Functional Expenses$225,090$0$0$225,090
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
profitableso$18,887$18,887$14,017$4,870
mattressale$10,525$10,525-$10,525
Total Events$29,412$29,412$14,017$15,395
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
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI Line 1A-Explanation of Delegated Broad

Authority to Committee Explanation: Executive Committee is Delegated Authority for Decisions of the Organization.

Form 990, Part VI Line 6-Explanation of Delegated Broad

Authority to Committee Executive Committee is Delegated Authority for Decisions of the Organization.

Form 990, Part VI Line 7A-How Members or Shareholders Elect

Governing Body Members Vote Annually ON A Slate of Officers. Also, Treasurer of Board Reviews form 990 prior to filing.

Form 990, Part VI Line 7B-Decisions of Governing Body

Approval by Members or Shareholders Significant and Strategic Decisions Including the Budget Provided to the Membership to Vote at Meetings.

Form 990, Part VI Line 11A & 11B - Form 990 Review Process

Treasurer of non profit board reviews form 990 prior to submission and all members of the governing body have access to the tax return for review.

Form 990, Part VI Line 12C - Conflict of Interest monitoring

Potential Conflicts of Interest Are Discussed During Board Meetings

Filing and Contact Details

Filer

Filer Name
Mt Vernon Music Boosters LTD
EIN
30-0186338
Address
8112 N 200 W, FORTVILLE, IN 46040

Signing Officer

Name
Tracy Paris
Title
President
Phone
3175071035
Signed
2024-08-21
Discuss with paid preparer
No

Organization Details

Principal Officer
Tracy Paris
Formed
2003
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Federal Direct Tax Services
Address
11905 Pendleton Pike, INDIANAPOLIS, IN 46236
Preparer
John W Rogers EA
Phone
3177238873
Supplemental Narrative

Additional Explanations

Form 990, Part 1 line 1-Organization Mission or significance

Promote the applreciation of music for the students/adults of the Mt Vernon School District, Foster a continuing Mutual interest, participate, develop and contribute and raise funds for the enrichment of the school's prpgra, amd evemts.

Form 990, Part III, line 1-Organization Mission

Promote the Appreciation of Music for students and adults of Mt Vernon School District, Continue Interest, Participate Activities and Serve the Music Community and raise funds for the Music Department of the School, activities and Students.

Form 990, Part III, line 4A

Operating Expenses include general bank operations, staff, clinician, supplies, dues, camp food and awards. These expenses facilitate this high school band to fucntion, give performances, and improve students musical talents.

Form 990, Part III, line 4B

Performance Expenses include equipment, transportation, food uniforms, instrument rental & repair, and fees. These expenses allow for the high school band to host and attend band performances providing attendee and student enrichment.

Form 990, Part III, line 4C

Event expenses include banquet, guard event, and snow whirl. The live events allow for public enjoyment as well as placing the student band members into public event settings showcasing their tallents and helping them improve.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Promote the applreciation of music for the students/adults of the Mt Vernon School District, Foster a continuing Mutual interest, participate, develop and contribute and raise funds for the enrichment of the school's prpgra, amd evemts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Promote the Appreciation of Music for students and adults of Mt Vernon School District, Continue Interest, Participate Activities and Serve the Music Community and raise funds for the Music Department of the School, activities and Students.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Authority to Committee Explanation: Executive Committee is Delegated Authority for Decisions of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Authority to Committee Executive Committee is Delegated Authority for Decisions of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing Body Members Vote Annually ON A Slate of Officers. Also, Treasurer of Board Reviews form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Approval by Members or Shareholders Significant and Strategic Decisions Including the Budget Provided to the Membership to Vote at Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Operating Expenses include general bank operations, staff, clinician, supplies, dues, camp food and awards. These expenses facilitate this high school band to fucntion, give performances, and improve students musical talents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Performance Expenses include equipment, transportation, food uniforms, instrument rental & repair, and fees. These expenses allow for the high school band to host and attend band performances providing attendee and student enrichment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Event expenses include banquet, guard event, and snow whirl. The live events allow for public enjoyment as well as placing the student band members into public event settings showcasing their tallents and helping them improve.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Treasurer of non profit board reviews form 990 prior to submission and all members of the governing body have access to the tax return for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Potential Conflicts of Interest Are Discussed During Board Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part 1 line 1-Organization Mission or significance
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, line 1-Organization Mission
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI Line 1A-Explanation of Delegated Broad
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI Line 6-Explanation of Delegated Broad
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI Line 7A-How Members or Shareholders Elect
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI Line 7B-Decisions of Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part III, line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part III, line 4b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part III, line 4c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI Line 11A & 11B - Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI Line 12C - Conflict of Interest monitoring
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Tracy Paris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03175071035
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mt Vernon Music Boosters LTD
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Tracy Paris
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John W Rogers EA
ReturnHeader/ReturnTs02024-09-13T16:43:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-05-01
ReturnHeader/TaxPeriodEndDt02024-04-30
ReturnHeader/TaxYr02023

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