Civic Intelligence

Musicalminds Nc Inc

990EZ • Fiscal year 2017 • EIN 37-1699222

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 19, 2017

Organization Profilewww.MusicalMindsNC.org
PO Box 2088Huntersville, NC 28070-2088

(315) 350-4578

Siviq Scores

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

Liabilities / Assets

87th percentile

0.38x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

73rd percentile

17%

Higher net margin than 73% 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

13th percentile

-34%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

174%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$68,709

Down $35,688 (-34%) from 2016

Net Assets

Up

$42,587

Up $32,083 (+305%) from 2016

Liabilities

Down

$26,122

Down $67,771 (-72%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin73rd percentile

Revenue

Up

$192,360

Up $122,032 (+174%) from 2016

Expenses

Up

$160,277

Up $100,108 (+166%) from 2016

Net Income

Up

$32,083

Up $21,924 (+216%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$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

2017

Assets$68,709
Liabilities$26,122
Net Assets$42,587
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$192,360
Expenses$160,277
Net Income$32,083
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 19, 2017
Return Version
2016v3.0
Gross Receipts
$193,429
Mission and Program Overview

Mission

Music education enriching children

Program Services

DescriptionGrantsExpenses
MMNC served 60 pre-k and 51 grade school children 4 days a week during the school year We stenghen lives of children thru violin classical music and character building lessons$190,748$160,277
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russ SmithBoard Chair-$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
2017-12-19
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 9,571Musical program expenses 19,531Musical program contributed goods 9,604Liability insurance 1,794Admin fees supplies 2,005Marketing 944Telephone expense 210”

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

“Description AmountIn kind services received 3,375In kind services expensed (3,375)”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearDeferred revenue 93,000 25,000Accrued expenses 893 1,122”

Raw XML Appendix149 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
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt096627
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IRS990EZ/LandAndBuildingsGrp/EOYAmt036986
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt010504
IRS990EZ/NetAssetsOrFundBalancesEOYAmt042587
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt043659
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Music education enriching children
IRS990EZ/PrintingPublicationsPostageAmt0217
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0190748
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0160277
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt014689
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt01069
IRS990EZ/SpecialEventsNetIncomeLossAmt01612
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt093893
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt026122
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0160277
IRS990EZ/TotalProgramServiceExpensesAmt0160277
IRS990EZ/TotalRevenueAmt0192360
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.MusicalMindsNC.org
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0190748
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt068560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt032753
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt014180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0332068
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0332068
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0190748
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt032753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt014180
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt025827
IRS990ScheduleA/Total509Grp/TotalAmt0332068
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt068560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt032753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt014180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt025827
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0332068
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 9,571Musical program expenses 19,531Musical program contributed goods 9,604Liability insurance 1,794Admin fees supplies 2,005Marketing 944Telephone expense 210
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountIn kind services received 3,375In kind services expensed (3,375)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearDeferred revenue 93,000 25,000Accrued expenses 893 1,122
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/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Kevin Poole
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03153504578
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MusicalMinds NC Inc
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
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/FederalOriginalSubmissionId06907492017355gwzcy3g
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-12-21
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.73.23.182
ReturnHeader/FilingSecurityInformation/IPDt02017-12-21
ReturnHeader/FilingSecurityInformation/IPTm014:29:39
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/PreparationDt02017-12-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marlene Huneycutt
ReturnHeader/ReturnTs02017-12-21T10:46:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,709
Liabilities
$26,122
Net assets
$42,587
Revenue
$192,360
Expenses
$160,277
Net income
$32,083
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