Civic Intelligence

Immersion Music Inc

990EZ • Fiscal year 2019 • EIN 31-1693795

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

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

97th percentile

1.92x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

4.75x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

5.7%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$15,693

Up $3,495 (+29%) from 2018

Net Assets

Up

-$14,436

Up $3,495 (+19%) from 2018

Liabilities

Flat

$30,129

Flat from 2018

Revenue

Up

$6,344

Up $343 (+5.7%) from 2018

Expenses

Down

$2,849

Down $10,056 (-78%) from 2018

Net Income

Up

$3,495

Up $10,399 (+151%) from 2018

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 2019: $15,693Liabilities 2019: $30,129Net Assets 2019: -$14,4362019Assets 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$15,693
Liabilities$30,129
Net Assets-$14,436

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 2019: $6,344Expenses 2019: $2,849Net Income 2019: $3,4952019Revenue 2020: $1Expenses 2020: $563Net Income 2020: -$5622020

Highlighted filing

2019

Revenue$6,344
Expenses$2,849
Net Income$3,495
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$6,344
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$2,849
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
2019-11-15
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: printing, postage, internet & other expenses. Amount: 2,849.

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/BooksInCareOfDetail/PhoneNum06176864898
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HAVERHILL
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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
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02849
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0MUSIC TECHNOLOGY FOR PUBLIC USE
IRS990EZ/ProgramServiceRevenueAmt06343
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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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00020
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TERESA MARRIN NAKRA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt030129
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PRINTING, POSTAGE, INTERNET & OTHER EXPENSES. AMOUNT: 2,849.
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/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERESA MARRIN NAKRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06176864898
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMMERSION MUSIC INC
ReturnHeader/Filer/BusinessNameControlTxt0IMME
ReturnHeader/Filer/EIN0311693795
ReturnHeader/Filer/PhoneNum06176864898
ReturnHeader/Filer/USAddress/AddressLine1Txt0392 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0HAVERHILL
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ReturnHeader/Filer/USAddress/ZIPCd001830
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.52.162
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:21:55
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/PreparationDt02019-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RIZZO AND RESTUCCIA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-20T09:42:14-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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