Civic Intelligence

Mchenry County Music Center

990 • Fiscal year 2013 • EIN 36-3166311

Jun 01, 2012 to May 31, 2013 • Filed on Jan 15, 2014

401 Country Club Road60014
Siviq Scores

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

Liabilities / Assets

88th percentile

0.46x

Higher debt load relative to assets than 88% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

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

Source year 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$63,835

No earlier filing loaded for comparison.

Net Assets

$34,345

No earlier filing loaded for comparison.

Liabilities

$29,490

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$277,962

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $63,835Liabilities 2013: $29,490Net Assets 2013: $34,3452013Assets 2014: $52,090Liabilities 2014: $30,755Net Assets 2014: $21,3352014Assets 2015: $51,229Liabilities 2015: $24,316Net Assets 2015: $26,9132015Assets 2016: $50,516Liabilities 2016: $40,784Net Assets 2016: $9,7322016Assets 2017: $87,568Liabilities 2017: $29,250Net Assets 2017: $58,3182017Assets 2018: $142,425Liabilities 2018: $0Net Assets 2018: $142,4252018Assets 2019: $59,326Liabilities 2019: $0Net Assets 2019: $59,3262019

Highlighted filing

2013

Assets$63,835
Liabilities$29,490
Net Assets$34,345

Operations Trend

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

$400K$200K$0-$200KExpenses 2013: $277,9622013Revenue 2014: $276,669Expenses 2014: $289,679Net Income 2014: -$13,0102014Revenue 2015: $289,264Expenses 2015: $291,840Net Income 2015: -$2,5762015Revenue 2016: $274,265Expenses 2016: $291,446Net Income 2016: -$17,1812016Revenue 2017: $290,091Expenses 2017: $254,011Net Income 2017: $36,0802017Revenue 2018: $362,124Expenses 2018: $278,017Net Income 2018: $84,1072018Revenue 2019: $251,727Expenses 2019: $334,826Net Income 2019: -$83,0992019

Highlighted filing

2013

Revenue-
Expenses$277,962
Net Income-
Jump To
Filing Snapshot
Filing Period
Jun 1, 2012 to May 31, 2013
Signed
Jan 15, 2014
Return Version
2012v2.2
Gross Receipts
$298,698
Mission and Program Overview

Mission

The McHenry County Music Center offers exceptional music education performance opportunities to youth and adults regardless of their financial status and to enrich improve the cultural life of our communities. Our vision is to become the regions premier community center for youth and adult musical enrichment, enjoyment and excellence.

Major Activities

Activity 2
The Organization encourages every member to achieve their personal best to benefit all involved. To accomplish this goal, the Organization provides music scholarships to individuals in need and based on ability.
Activity 3
The Organization promotes moral character by providing opportunities for students to support and raise awareness for other organizations. This helps the Organization acccomplish its goal to improve the quality of life for those who participate or reside in the communities served. Program participants worked together in the community to raise 4,998 which was donated to social services organizations in the community.
Filing and Contact Details

Filer

EIN
36-3166311
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IRS990ScheduleG/EventsInformation/NameOfEvent20Bike ride
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0Music scholarships to individuals
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0The Organization management awards music scholarships to individuals in need and based on ability in accordance with the Organization scholarship recordkeeping and non-discriminatory policy.
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IRS990ScheduleO/GeneralExplanation/Explanation0Form 990 Part VI Section B Line 11b The Organization Board Members receive an electronic copy of form 990 to review prior to filing. Additionally, the independent CPA hired to prepare form 990 is available to meet witht he board to conduct the 990 review.
IRS990ScheduleO/GeneralExplanation/Explanation1Form 990 Part VI Section B Line 12c The Organization Conflict-of-Interest Policy includes a disclosure form. Each board member completes or updates the form annually and the forms are reviewed by the full board.
IRS990ScheduleO/GeneralExplanation/Explanation2Form 990 Part VI Section B Line 15 The Board of Directors performs annual employment review and evaluates compensation reasonableness based on performance and comparative data.
IRS990ScheduleO/GeneralExplanation/Explanation3Form 990 Part VI Section C Line 19 The Organization provides upon request all documents subject to public disclosure.
IRS990ScheduleO/GeneralExplanation/Explanation4Form 990 Part IX Line 11g Professional fees paid for music instruction
IRS990ScheduleO/GeneralExplanation/Explanation5Form 990 Part XI Section 8 The Organization has recorded a prior period adjustment to correct the balance sheet at June 1, 2012, resulting in a net decrease to net assets of 71,120, for the following Allowable accumulated depreciation on fixed assets thru May 31, 2012 69,929 decrease to net assets write off old deposit, 620 decrease adjustment to correct fixed asset balances, 571 decrease.
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IRS990/TheBooksAreInCareOf/AddressUS/City0Crystal Lake
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IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode060014

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