Civic Intelligence

World Music Foundation

990EZ • Fiscal year 2020 • EIN 46-1109174

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 15, 2022

6325 N Sheridan Rd Suite 1602Chicago, IL 60660

(773) 850-0087

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

48th percentile

3.6%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

79th percentile

$5,800

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

8th percentile

-52%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-38%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$21,940

Down $23,600 (-52%) from 2019

Net Assets

Down

$21,940

Down $23,600 (-52%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$37,624

Down $23,236 (-38%) from 2019

Expenses

Down

$36,274

Down $23,177 (-39%) from 2019

Net Income

Down

$1,350

Down $59 (-4.2%) from 2019

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $2,226Liabilities 2015: $02015Assets 2016: $2,840Liabilities 2016: $0Net Assets 2016: $2,8402016Assets 2017: $27,338Liabilities 2017: $0Net Assets 2017: $27,3382017Assets 2018: $44,131Liabilities 2018: $0Net Assets 2018: $44,1312018Assets 2019: $45,540Liabilities 2019: $0Net Assets 2019: $45,5402019Assets 2020: $21,940Liabilities 2020: $0Net Assets 2020: $21,9402020Assets 2021: $7,426Liabilities 2021: $0Net Assets 2021: $7,4262021Assets 2022: $4,894Liabilities 2022: $0Net Assets 2022: $4,8942022Assets 2023: $18,515Liabilities 2023: $0Net Assets 2023: $18,5152023Assets 2024: $68,894Liabilities 2024: $0Net Assets 2024: $68,8942024

Highlighted filing

2020

Assets$21,940
Liabilities$0
Net Assets$21,940

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $21,178Expenses 2014: $21,178Net Income 2014: $02014Revenue 2015: $22,572Expenses 2015: $20,346Net Income 2015: $2,2262015Revenue 2016: $46,706Expenses 2016: $46,092Net Income 2016: $6142016Revenue 2017: $71,019Expenses 2017: $46,521Net Income 2017: $24,4982017Revenue 2018: $64,013Expenses 2018: $47,220Net Income 2018: $16,7932018Revenue 2019: $60,860Expenses 2019: $59,451Net Income 2019: $1,4092019Revenue 2020: $37,624Expenses 2020: $36,274Net Income 2020: $1,3502020Revenue 2021: $23,371Expenses 2021: $37,885Net Income 2021: -$14,5142021Revenue 2022: $17,704Expenses 2022: $20,236Net Income 2022: -$2,5322022Revenue 2023: $79,569Expenses 2023: $65,948Net Income 2023: $13,6212023Revenue 2024: $124,270Expenses 2024: $78,694Net Income 2024: $45,5762024

Highlighted filing

2020

Revenue$37,624
Expenses$36,274
Net Income$1,350
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2022
Return Version
2020v4.0
Gross Receipts
$37,624
Mission and Program Overview

Mission

To provide distinct, global, music performance and education.

Program Services

DescriptionGrantsExpenses
Online Music Classes: Our teaching locations were closed from March through December due to the pandemic, so classes were taught entirely online. Hundreds of volunteer hours valued at $9,863 enabled us to transition to fully online classes.$0$12,021
Ethnic Arts Fieldwork & Technical Assistance: We helped 22 ethnic and traditional artists throughout Illinois apply for grants and other support due to COVID. We also shared information with 34 other artists throughout the state. $9,006 worth of volunteer hours made this possible.$0$7,775
Cultural Performances: Our performances this year were entirely virtual due to COVID. Audience size is unknown since we provided artists for festival live streams, estimated 1000+. Volunteer hours totaled $8,898 for these productions.$0$6,010
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John GardnerExecutive DirectorPT$5,800-$5,800
Erika SitzbergerDirector (Chair)-$0--
Christi MulfordDirector-$0--
Vijay RakeshDirector (Treasurer)-$0--
Alex FarroDirectorPT$0--
Eritrea HaileDirector-$0--
Filing and Contact Details

Filer

Filer Name
World Music Foundation
EIN
46-1109174
Phone
7738500087
Address
6325 N Sheridan Rd Suite 1602, Chicago, IL 60660

Signing Officer

Name
John Gardner
Title
Executive Director
Phone
3122591866
Signed
2022-02-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Website: 369; Marketing 179; Office Equipment & SuppliesL 2864; Travel & Touring, including flights, car rentals, hotels, meals, tolls: 2017; bank fees: 514; insurance: 165; podcast expenses 506

Form 990-EZ, Part I, Line 20

For the first year ever in our existance we had a negagive change in net assets at the year's end. This was due to COVID's impact to our performances, programming, and on the fiscal strength of our sponsors; we experienced a withdrawal of $24,950 in contracts & restricted support earmarked for in-person programming.

Raw XML Appendix190 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Ethnic Arts Fieldwork & Technical Assistance: We helped 22 ethnic and traditional artists throughout Illinois apply for grants and other support due to COVID. We also shared information with 34 other artists throughout the state. $9,006 worth of volunteer hours made this possible.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Cultural Performances: Our performances this year were entirely virtual due to COVID. Audience size is unknown since we provided artists for festival live streams, estimated 1000+. Volunteer hours totaled $8,898 for these productions.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Website: 369; Marketing 179; Office Equipment & SuppliesL 2864; Travel & Touring, including flights, car rentals, hotels, meals, tolls: 2017; bank fees: 514; insurance: 165; podcast expenses 506
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1For the first year ever in our existance we had a negagive change in net assets at the year's end. This was due to COVID's impact to our performances, programming, and on the fiscal strength of our sponsors; we experienced a withdrawal of $24,950 in contracts & restricted support earmarked for in-person programming.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
ReasonableCauseExplanation/ExplanationTxt0We physically mailed our return on time, but now realize we should have filed electronically.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-15
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ReturnHeader/Filer/EIN0461109174
ReturnHeader/Filer/PhoneNum07738500087
ReturnHeader/Filer/USAddress/AddressLine1Txt06325 N Sheridan Rd Suite 1602
ReturnHeader/Filer/USAddress/CityNm0Chicago
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ReturnHeader/Filer/USAddress/ZIPCd060660
ReturnHeader/ReturnTs02022-02-15T13:21:24-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings