Civic Intelligence

Musicalminds Nc Inc

990EZ • Fiscal year 2016 • EIN 37-1699222

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 14, 2017

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

(704) 664-0596

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.90x

Higher debt load relative to assets than 93% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

1.34x

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

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

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$104,397

No earlier filing loaded for comparison.

Net Assets

$10,504

No earlier filing loaded for comparison.

Liabilities

$93,893

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin70th percentile

Revenue

$70,328

No earlier filing loaded for comparison.

Expenses

$60,169

No earlier filing loaded for comparison.

Net Income

$10,159

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2016

Assets$104,397
Liabilities$93,893
Net Assets$10,504
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue$70,328
Expenses$60,169
Net Income$10,159
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$75,825
Mission and Program Overview

Mission

Music education enriching children

Program Services

DescriptionGrantsExpenses
MMNC served 37 grade school children 2 hours a day 4 days a week during the school year We build lives of needy youth thru violin classical music and character building lessons$17,250$54,326
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russ SmithBoard ChairPT$0--
Kevin PooleTreasurerPT$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
2017-02-14
Discuss with paid preparer
No

Preparer

Firm
Huneycutt and 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 1,555Musical program expenses 2,130Musical program contributed goods 10,504Liability insurance 1,050Admin fees supplies 691Marketing 472Conference expense 651Other expense 303”

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

“Description AmountIn kind services received 34,772In kind services expensed (43,897)”

Description of other assets Part II line 24

“Category Beginning of Year End of YearPrepaid expenses 523 0”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearDeferred revenue 0 93,000Accrued expenses 0 893Payroll taxes payable 2,016 0”

Raw XML Appendix142 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/PhoneNum07046640596
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Huntersville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028070
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt09116
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt096627
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IRS990EZ/ContributionsGiftsGrantsEtcAmt068560
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IRS990EZ/ExcessOrDeficitForYearAmt010159
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt031599
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09470
IRS990EZ/NetAssetsOrFundBalancesEOYAmt010504
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09470
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt010504
IRS990EZ/OccupancyRentUtltsAndMaintAmt0876
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Russ Smith
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Board Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0523
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0-9125
IRS990EZ/OtherExpensesTotalAmt017356
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Music education enriching children
IRS990EZ/PrintingPublicationsPostageAmt0246
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MMNC served 37 grade school children 2 hours a day 4 days a week during the school year We build lives of needy youth thru violin classical music and character building lessons
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt017250
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt054326
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt010092
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt05497
IRS990EZ/SpecialEventsNetIncomeLossAmt01768
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02016
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt093893
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt060169
IRS990EZ/TotalProgramServiceExpensesAmt054326
IRS990EZ/TotalRevenueAmt070328
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.MusicalMindsNC.org
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt068560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt032753
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt014180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt025827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0141320
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0141320
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt068560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt032753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt014180
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt025827
IRS990ScheduleA/Total509Grp/TotalAmt0141320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt068560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt032753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt014180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt025827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0141320
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 1,555Musical program expenses 2,130Musical program contributed goods 10,504Liability insurance 1,050Admin fees supplies 691Marketing 472Conference expense 651Other expense 303
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountIn kind services received 34,772In kind services expensed (43,897)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearPrepaid expenses 523 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearDeferred revenue 0 93,000Accrued expenses 0 893Payroll taxes payable 2,016 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 other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Kevin Poole
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03153504578
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-14
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
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263667590
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Huneycutt and 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/PreparationDt02017-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marlene Huneycutt
ReturnHeader/ReturnTs02017-02-14T11:57:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$104,397
Liabilities
$93,893
Net assets
$10,504
Revenue
$70,328
Expenses
$60,169
Net income
$10,159
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