Civic Intelligence

Musicalminds Nc Inc

EIN 37-1699222 • 501(c)3 • Huntersville, NC

Profile

Music education enriching children

PO Box 2088Huntersville, NC 28070-2088

www.musicalmindsnc.org

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 2018

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

59th percentile

2.6%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-34%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$70,521

Up $1,812 (+2.6%) from 2017

Liabilities

Down

$0

Down $26,122 (-100%) from 2017

Net Assets

Up

$70,521

Up $27,934 (+66%) from 2017

Operations
Liabilities / Revenue61st percentileNet Margin76th percentile

Revenue

Down

$126,079

Down $66,281 (-34%) from 2017

Expenses

Down

$98,145

Down $62,132 (-39%) from 2017

Net Income

Down

$27,934

Down $4,149 (-13%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$150K$100K$50K$0Assets 2016: $104,397Liabilities 2016: $93,893Net Assets 2016: $10,5042016Assets 2017: $68,709Liabilities 2017: $26,122Net Assets 2017: $42,5872017Assets 2018: $70,521Liabilities 2018: $0Net Assets 2018: $70,5212018

Highlighted filing

2018

Assets$70,521
Liabilities$0
Net Assets$70,521
Open 2018 Filing

Operations Trend

Revenue Growth23rd percentile

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

$200K$150K$100K$50K$0Revenue 2016: $70,328Expenses 2016: $60,169Net Income 2016: $10,1592016Revenue 2017: $192,360Expenses 2017: $160,277Net Income 2017: $32,0832017Revenue 2018: $126,079Expenses 2018: $98,145Net Income 2018: $27,9342018

Highlighted filing

2018

Revenue$126,079
Expenses$98,145
Net Income$27,934
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$70,521
Liabilities
$0
Net assets
$70,521
Revenue
$126,079
Expenses
$98,145
Net income
$27,934
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.26$0.98$0.28
2017Detailed filing. Detailed filing data is available for this year.$0.69$0.26$0.43$1.92$1.60$0.32
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.94$0.11$0.70$0.60$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 3, 2018
Return Version
2017v2.2
Gross Receipts
$127,402
Mission and Program Overview

Mission

Music education enriching children

Program Services

DescriptionGrantsExpenses
MMNC served 30 grade school children 4 days a week during the school year We strenghen lives of children thru violin classical music and character building lessons$74,975$104,240
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan CrowleyBoard ChairPT$0--
Kevin PooleTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
MusicalMinds NC Inc
EIN
37-1699222
Address
PO Box 2088, Huntersville, NC 28070-2088

Signing Officer

Name
Kevin Poole
Title
Treasurer
Phone
3153504578
Signed
2018-10-03
Discuss with paid preparer
No

Preparer

Firm
Huneycutt & Associates CPAs PLLC
Address
200 S Old Statesville Road, Huntersville, NC 28078
Preparer
Marlene Huneycutt
Phone
7045842232
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDepreciation from 4562 17,026Musical program expenses 5,383Musical program contributed goods 1,490Liability insurance 2,348Admin fees supplies 806Telephone 135”

Other changes in net assets or fund balances Part I line 20

“Description AmountIn kind services received 4,772In kind services expensed (4,772)”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearDeferred revenue 25,000 0Accrued expenses 1,122 0”

Raw XML Appendix146 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/USAddress/CityNm0Huntersville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028070
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IRS990EZ/ExcessOrDeficitForYearAmt027934
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/LandAndBuildingsGrp/BOYAmt036986
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt042587
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Board Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt027188
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Music education enriching children
IRS990EZ/PrintingPublicationsPostageAmt0401
IRS990EZ/ProgramServiceRevenueAmt02520
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MMNC served 30 grade school children 4 days a week during the school year We strenghen lives of children thru violin classical music and character building lessons
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt074975
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0104240
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt041025
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt01323
IRS990EZ/SpecialEventsNetIncomeLossAmt05279
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt026122
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt098145
IRS990EZ/TotalProgramServiceExpensesAmt0104240
IRS990EZ/TotalRevenueAmt0126079
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.MusicalMindsNC.org
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0118280
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0190748
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt068560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032753
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0424521
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/PublicSupportTotal509Amt0424521
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0118280
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0190748
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0118280
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt014180
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0424521
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 17,026Musical program expenses 5,383Musical program contributed goods 1,490Liability insurance 2,348Admin fees supplies 806Telephone 135
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountIn kind services received 4,772In kind services expensed (4,772)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearDeferred revenue 25,000 0Accrued expenses 1,122 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03153504578
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-03
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ReturnHeader/Filer/EIN0371699222
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2088
ReturnHeader/Filer/USAddress/CityNm0Huntersville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0280702088
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0136.57.0.136
ReturnHeader/FilingSecurityInformation/IPDt02018-10-08
ReturnHeader/FilingSecurityInformation/IPTm008:49:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263667590
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Huneycutt & Associates CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 S Old Statesville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Huntersville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028078
ReturnHeader/PreparerPersonGrp/PhoneNum07045842232
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marlene Huneycutt
ReturnHeader/ReturnTs02018-10-08T08:48:39-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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