Civic Intelligence

Upbeat Academy Foundation

990EZ • Fiscal year 2018 • EIN 46-1269947

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

621 Celeste StreetNew Orleans, LA 70130

(504) 722-8762

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

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

Top Officer Pay

87th percentile

$30,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 49.3% of source-year revenue.

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

Asset Growth

84th percentile

49%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

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

Assets

Up

$30,316

Up $9,926 (+49%) from 2017

Net Assets

Up

$30,316

Up $9,926 (+49%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$60,839

Up $11,172 (+22%) from 2017

Expenses

Up

$50,913

Up $9,756 (+24%) from 2017

Net Income

Up

$9,926

Up $1,416 (+17%) from 2017

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2017: $20,390Net Assets 2017: $20,3902017Assets 2018: $30,316Net Assets 2018: $30,3162018Assets 2019: $59,514Net Assets 2019: $59,5142019Assets 2020: $14,558Liabilities 2020: $7,212Net Assets 2020: $7,3462020Assets 2021: $22,901Net Assets 2021: $22,9012021Assets 2022: $13,962Net Assets 2022: $13,9622022Assets 2023: $28,019Net Assets 2023: $28,0192023Assets 2024: $500Liabilities 2024: $70Net Assets 2024: $4302024

Highlighted filing

2018

Assets$30,316
Liabilities-
Net Assets$30,316

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2017: $49,667Expenses 2017: $41,157Net Income 2017: $8,5102017Revenue 2018: $60,839Expenses 2018: $50,913Net Income 2018: $9,9262018Revenue 2019: $93,737Expenses 2019: $64,539Net Income 2019: $29,1982019Revenue 2020: $42,633Expenses 2020: $96,799Net Income 2020: -$54,1662020Revenue 2021: $94,954Expenses 2021: $79,399Net Income 2021: $15,5552021Revenue 2022: $71,985Expenses 2022: $80,924Net Income 2022: -$8,9392022Revenue 2023: $77,123Expenses 2023: $63,066Net Income 2023: $14,0572023Revenue 2024: $51,985Expenses 2024: $79,574Net Income 2024: -$27,5892024

Highlighted filing

2018

Revenue$60,839
Expenses$50,913
Net Income$9,926
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$64,829
Mission and Program Overview

Mission

The Upbeat Academy mission is to provide underprivileged, at-risk with an opportunity to learn how to produce and perform electronic dance music and hip-hop. The organization also seeks to introduce its students to the business side of the music industry, offering real-life experience, case studies, and opportunities to meet their favorite musicians.

Program Services

DescriptionGrantsExpenses
Since 2012, Upbeat Academy Foundation has provided free music production programming to over one hundred underserved middle and high school students from over ten different schools in the greater New Orleans area. One hundred percent of students who have successfully completed Upbeat Academy's program have also attained all necessary credits for high school graduation. To date, five Upbeat Academy graduates have gone on to pursue music production degrees at the collegiate level, with two of these graduates returning to Upbeat as paid instructors. Students will be performing for the third time at this year's BUKU Music + Arts Project in New Orleans. Upbeat Academy has recently expanded our efforts to provide music enrichment for incarcerated youth in Orleans Parish Prison's Juvenile Detention Center and beginning in the Summer of 2018, Upbeat will partner with Covenant House, a shelter for runaway youth, to provide weekly music production workshops at their New Orleans facility. For inquiries or more information about our program please contact: [email protected].$46,271-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew ZarbaDirectorFT$30,000-$30,000
Reeves PriceVice PresidentPT$0--
Dante DipasqualePresidentPT$0--
Andrew ClementsSecretaryPT$0--
Peter m Prevot JrTreasurerPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Buiku Fundraiser$18,138$18,138$850$17,288
Fundraisers$5,049$5,049$3,140$1,909
Total Events$23,187$23,187$3,990$19,197
Filing and Contact Details

Filer

Filer Name
Upbeat Academy Foundation
EIN
46-1269947
Phone
5047228762
Address
621 Celeste Street, New Orleans, LA 70130

Signing Officer

Name
Peter M Prevot Jr
Title
Treasurer
Signed
2019-05-13
Supplemental Narrative

Additional Explanations

Other Expenses.1012

Insurance $439

Other Expenses.1

Instructors $6476

Other Expenses.2

Studio Supplies $4246

Other Expenses.3

Equipment Rental $2136

Other Expenses.5

Program Meetings $599

Other Expenses.6

Board Meeting $321

Other Expenses.7

Subscriptions and References $44

Other Expenses.8

Parking $5

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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings