Civic Intelligence

The Music Academy Nfp

990 • Fiscal year 2016 • EIN 45-2281679

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 18, 2016

Organization ProfileWWW.MUSICACADEMYINROCKFORD.COM
226 S Second StreetRockford, IL 61104

(815) 986-0037

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

78th percentile

0.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

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

Net Margin

35th percentile

-2.5%

Higher net margin than 35% of similar nonprofits.

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

Top Officer Pay

96th percentile

$72,921

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

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

Asset Growth

29th percentile

-10%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

-1.1%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$153,979

Down $17,215 (-10%) from 2015

Net Assets

Down

$123,960

Down $11,253 (-8.3%) from 2015

Liabilities

Down

$30,019

Down $5,962 (-17%) from 2015

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin35th percentile

Revenue

Down

$457,975

Down $4,939 (-1.1%) from 2015

Expenses

Up

$469,228

Up $5,450 (+1.2%) from 2015

Net Income

Down

-$11,253

Down $10,389 (-1202%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$300K$200K$100K$0Assets 2011: $481Liabilities 2011: $02011Assets 2012: $180,846Liabilities 2012: $36,943Net Assets 2012: $143,9032012Assets 2013: $171,150Liabilities 2013: $36,690Net Assets 2013: $134,4602013Assets 2014: $166,777Liabilities 2014: $30,700Net Assets 2014: $136,0772014Assets 2015: $171,194Liabilities 2015: $35,981Net Assets 2015: $135,2132015Assets 2016: $153,979Liabilities 2016: $30,019Net Assets 2016: $123,9602016Assets 2017: $154,651Liabilities 2017: $29,126Net Assets 2017: $125,5252017Assets 2018: $167,163Liabilities 2018: $39,471Net Assets 2018: $127,6922018Assets 2019: $161,208Liabilities 2019: $35,971Net Assets 2019: $125,2372019Assets 2020: $224,522Liabilities 2020: $49,042Net Assets 2020: $175,4802020Assets 2021: $254,853Liabilities 2021: $36,985Net Assets 2021: $217,8682021Assets 2022: $194,439Liabilities 2022: $46,978Net Assets 2022: $147,4612022Assets 2023: $164,251Liabilities 2023: $36,893Net Assets 2023: $127,3582023Assets 2024: $136,968Liabilities 2024: $49,484Net Assets 2024: $87,4842024Assets 2025: $290,310Liabilities 2025: $56,576Net Assets 2025: $233,7342025

Highlighted filing

2016

Assets$153,979
Liabilities$30,019
Net Assets$123,960
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $1,100Expenses 2011: $618Net Income 2011: $4822011Revenue 2012: $633,821Expenses 2012: $490,400Net Income 2012: $143,4212012Expenses 2013: $525,8342013Revenue 2014: $496,687Expenses 2014: $495,070Net Income 2014: $1,6172014Revenue 2015: $462,914Expenses 2015: $463,778Net Income 2015: -$8642015Revenue 2016: $457,975Expenses 2016: $469,228Net Income 2016: -$11,2532016Revenue 2017: $478,486Expenses 2017: $482,421Net Income 2017: -$3,9352017Revenue 2018: $487,813Expenses 2018: $485,646Net Income 2018: $2,1672018Revenue 2019: $470,749Expenses 2019: $473,204Net Income 2019: -$2,4552019Revenue 2020: $520,139Expenses 2020: $469,896Net Income 2020: $50,2432020Revenue 2021: $491,080Expenses 2021: $448,692Net Income 2021: $42,3882021Revenue 2022: $441,422Expenses 2022: $511,829Net Income 2022: -$70,4072022Revenue 2023: $493,603Expenses 2023: $513,706Net Income 2023: -$20,1032023Revenue 2024: $487,383Expenses 2024: $527,257Net Income 2024: -$39,8742024Revenue 2025: $703,254Expenses 2025: $557,004Net Income 2025: $146,2502025

Highlighted filing

2016

Revenue$457,975
Expenses$469,228
Net Income-$11,253
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 18, 2016
Return Version
2015v2.1
Gross Receipts
$461,004
Mission and Program Overview

Mission

The academy's mission is to inspire in students a life-long love of music and the arts. Students are life-long leaners and range in age from prenatal to those in their 70s and 80s.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$103,145$93,557▼ $9,588
Cash and Non-Interest-Bearing Accounts$46,662$32,029▼ $14,633
Accounts Receivable$21,261$28,381▲ $7,120
Prepaid Expenses and Deferred Charges$126$12▼ $114
Total Assets$171,194$153,979▼ $17,215
Liabilities
Deferred Revenue$33,615$28,732▼ $4,883
Mortgage Notes Payable Secured by Investment Property$1,623$1,121▼ $502
Accounts Payable and Accrued Expenses$743$166▼ $577
Total Liabilities$35,981$30,019▼ $5,962
Net Assets / Fund Balance
Unrestricted Net Assets$135,213$123,960▼ $11,253
Total Net Assets Fund Balance$135,213$123,960▼ $11,253
Total Liabilities and Net Assets / Fund Balance$171,194$153,979▼ $17,215

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$83,324$37,375$120,699
Other Land Buildings$10,233$6,426$16,659
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martha FrantzExecutive DiFT$61,561$11,360$72,921
Candace GliddenDirectorPT$22,265-$22,265

Board Members and Trustees

NameTitle
Janice WestlundChair
Phil BlairVice Chair/t
Elliott KallstromDirector
Jocelyn HareDirector
Jonathan RozmanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$30,616
Program Service Revenue
$425,380
Investment Income
$-3,029
Other Revenue
$5,008
All Other Contributions
$30,616
Change in Net Assets
$-11,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$457,975
Revenue Not Reported on Form 990
$75,663
Total Revenue per Audited Statements
$533,638
Total Revenue per Form 990
$457,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$380,614
Other Expenses$88,614
Total Fundraising Expense$16,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,772$9,194$6,881$290,847
Current Officers, Directors, Trustees, and Key Employees$33,243$24,624$3,694$61,561
Payroll Taxes$14,201$8,403$5,602$28,206
Occupancy$21,982$1,962-$23,944
Office Expenses$10,913$1,318$366$12,597
Depreciation Depletion$8,749$972-$9,721
Fees for Services Accounting-$7,659-$7,659
Insurance$6,473$719-$7,192
Other Expenses$2,698$762-$3,460
All Other Expenses-$2,315-$2,315
Interest-$194-$194
Advertising$193--$193
Total Functional Expenses$387,647$65,038$16,543$469,228

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$544,891
Expenses per Audited Statements$469,228
Total Expenses per Form 990$469,228
Expenses Not Reported on Form 990$75,663
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the executive director and the business manager prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflicts of interest policy and audited financial statements are available upone request.”

Filing and Contact Details

Filer

Filer Name
The Music Academy Nfp
EIN
45-2281679
Phone
8159860037
Address
226 S SECOND STREET, ROCKFORD, IL 61104

Signing Officer

Name
Martha Frantz
Title
Executive Director
Phone
8159860037
Signed
2016-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha Frantz
Formed
2011
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
5
Employees
26
Volunteers
50

Preparer

Firm
Beggin Tipp Lamm LLC
Address
524 W STEPHENSON ST STE 200, FREEPORT, IL 61032
Preparer
Lucas a Beggin
Phone
8152359610
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IRS990/RevenueAmt0425380
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 9,894
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt034577
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt046045
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt056054
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0178558
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0345850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0430388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0431284
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0448547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0461815
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0451077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02223111
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01451
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01737
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04186
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09894
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99620
IRS990ScheduleA/PublicSupportPY509Pct00.99530
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0465861
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0494592
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0517869
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0629635
IRS990ScheduleA/Total509Grp/TotalAmt02568961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0461004
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0496043
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0519606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0633821
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02578855
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt075663
IRS990ScheduleD/DonatedServicesUseFcltsAmt075663
IRS990ScheduleD/EquipmentGrp/BookValueAmt083324
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037375
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0120699
IRS990ScheduleD/ExpensesNotReportedAmt075663
IRS990ScheduleD/ExpensesSubtotalAmt0469228
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010233
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06426
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016659
IRS990ScheduleD/RevenueNotReportedAmt075663
IRS990ScheduleD/RevenueSubtotalAmt0457975
IRS990ScheduleD/TotalBookValueLandBuildingsAmt093557
IRS990ScheduleD/TotalExpensesPerForm990Amt0469228
IRS990ScheduleD/TotalRevenuePerForm990Amt0457975
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0533638
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0544891
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BUSINESS MANAGER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPONE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0171194
IRS990/TotalAssetsEOYAmt0153979
IRS990/TotalAssetsGrp/BOYAmt0171194
IRS990/TotalAssetsGrp/EOYAmt0153979
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IRS990/TotalContributionsAmt030616
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016543
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065038
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0387647
IRS990/TotalFunctionalExpensesGrp/TotalAmt0469228
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt030019
IRS990/TotalLiabilitiesGrp/BOYAmt035981
IRS990/TotalLiabilitiesGrp/EOYAmt030019
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0123960
IRS990/TotalOtherCompensationAmt011360
IRS990/TotalProgramServiceExpensesAmt0387647
IRS990/TotalProgramServiceRevenueAmt0425380
IRS990/TotalReportableCompFromOrgAmt083826
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0427359
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0457975
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171194
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0153979
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0135213
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0123960
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0226 S SECOND STREET
IRS990/USAddress/CityNm0ROCKFORD
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061104
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MUSICACADEMYINROCKFORD.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARTHA FRANTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08159860037
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MUSIC ACADEMY NFP
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0452281679
ReturnHeader/Filer/PhoneNum08159860037
ReturnHeader/Filer/USAddress/AddressLine1Txt0226 S SECOND STREET
ReturnHeader/Filer/USAddress/CityNm0ROCKFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273238017
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEGGIN TIPP LAMM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0524 W STEPHENSON ST STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FREEPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$153,979
Liabilities
$30,019
Net assets
$123,960
Revenue
$457,975
Expenses
$469,228
Net income
-$11,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.90$0.57$2.34$7.03$5.57$1.46
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.49$0.87$4.87$5.27$0.40
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.37$1.27$4.94$5.14$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.47$1.47$4.41$5.12$0.70
2021Detailed filing. Detailed filing data is available for this year.$2.55$0.37$2.18$4.91$4.49$0.42
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.49$1.75$5.20$4.70$0.50
2019Detailed filing. Detailed filing data is available for this year.$1.61$0.36$1.25$4.71$4.73$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.39$1.28$4.88$4.86$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.29$1.26$4.78$4.82$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.30$1.24$4.58$4.69$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.71$0.36$1.35$4.63$4.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.67$0.31$1.36$4.97$4.95$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.37$1.34$5.26
2012Summary only. Only limited summary data is available for this year.$1.81$0.37$1.44$6.34$4.90$1.43
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.01$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits