Civic Intelligence

Immersion Music Inc

990EZ • Fiscal year 2017 • EIN 31-1693795

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 26, 2017

Refreshing map…

392 Main StreetHaverhill, MA 01830

(617) 686-4898

Siviq Scores

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

Liabilities / Assets

96th percentile

1.58x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

30.10x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

2nd percentile

-573%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

Up

$19,102

Up $632 (+3.4%) from 2011

Net Assets

Up

-$11,027

Up $632 (+5.4%) from 2011

Liabilities

Flat

$30,129

Flat from 2011

Revenue

Down

$1,001

Down $6,616 (-87%) from 2011

Expenses

Up

$6,736

Up $2,124 (+46%) from 2011

Net Income

Down

-$5,735

Down $8,740 (-291%) from 2011

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20KAssets 2011: $18,470Liabilities 2011: $30,129Net Assets 2011: -$11,6592011Assets 2017: $19,102Liabilities 2017: $30,129Net Assets 2017: -$11,0272017Assets 2018: $12,198Liabilities 2018: $30,129Net Assets 2018: -$17,9312018Assets 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$19,102
Liabilities$30,129
Net Assets-$11,027

Operations Trend

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

$15K$10K$5.0K$0-$5.0K-$10KRevenue 2011: $7,617Expenses 2011: $4,612Net Income 2011: $3,0052011Revenue 2017: $1,001Expenses 2017: $6,736Net Income 2017: -$5,7352017Revenue 2018: $6,001Expenses 2018: $12,905Net Income 2018: -$6,9042018Revenue 2020: $1Expenses 2020: $563Net Income 2020: -$5622020

Highlighted filing

2017

Revenue$1,001
Expenses$6,736
Net Income-$5,735
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$1,001
Mission and Program Overview

Mission

Music technology for public use

Program Services

DescriptionGrantsExpenses
TRAVELING KIOSK KNOWN AS THE "UBS VIRTUAL MAESTRO" ALLOWS INDIVIDUALS TO CONDUCT A COMPUTER GENERATED ORCHESTRA THROUGH USE OF AN ELECTROCIC BATON.$0$5,744
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERESA MARRIN NAKRAPresident-$0--
JAHANGIR D NAKRATreasurer-$0--
YURI IVANOVSecretary-$0--
STEVE FRANKDirector-$0--
PHILLIP GREENDirector-$0--
GIANLUCA DELUCADirector-$0--
Filing and Contact Details

Filer

Filer Name
Immersion Music Inc
EIN
31-1693795
Phone
6176864898
Address
392 MAIN STREET, HAVERHILL, MA 01830

Signing Officer

Name
Teresa Marrin Nakra
Title
President
Phone
6176864898
Signed
2017-09-26
Discuss with paid preparer
Yes

Preparer

Firm
Rizzo & Restuccia Pc
Address
100 CORPORATE PLACE STE 500, PEABODY, MA 01960
Preparer
Rizzo and Restuccia
Phone
9785357400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 1.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: project expenses. Amount: 5,744. Description: printing, postage, internet & other expenses. Amount: 942. Description: miscellaneous. Amount: 50. Total to form 990-ez, line 16: 6,736.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: loan from president. Beg. Of year amount: 30,129. End of year amount: 30,129.

Raw XML Appendix193 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3STEVE FRANK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PHILLIP GREEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5GIANLUCA DELUCA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0MUSIC TECHNOLOGY FOR PUBLIC USE
IRS990EZ/ProgramServiceRevenueAmt01000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TRAVELING KIOSK KNOWN AS THE "UBS VIRTUAL MAESTRO" ALLOWS INDIVIDUALS TO CONDUCT A COMPUTER GENERATED ORCHESTRA THROUGH USE OF AN ELECTROCIC BATON.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt030129
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TERESA MARRIN NAKRA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PROJECT EXPENSES. AMOUNT: 5,744. DESCRIPTION: PRINTING, POSTAGE, INTERNET & OTHER EXPENSES. AMOUNT: 942. DESCRIPTION: MISCELLANEOUS. AMOUNT: 50. TOTAL TO FORM 990-EZ, LINE 16: 6,736.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: LOAN FROM PRESIDENT. BEG. OF YEAR AMOUNT: 30,129. END OF YEAR AMOUNT: 30,129.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum06176864898
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMMERSION MUSIC INC
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ReturnHeader/Filer/EIN0311693795
ReturnHeader/Filer/PhoneNum06176864898
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ReturnHeader/FilingSecurityInformation/IPTm010:06:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043332809
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RIZZO & RESTUCCIA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 CORPORATE PLACE STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEABODY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001960
ReturnHeader/PreparerPersonGrp/PhoneNum09785357400
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RIZZO AND RESTUCCIA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-10-16T11:45:07-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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