Civic Intelligence

Upbeat Academy Foundation

990EZ • Fiscal year 2020 • EIN 46-1269947

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 03, 2021

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

88th percentile

0.50x

Higher debt load relative to assets than 88% of similar nonprofits.

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

Liabilities / Revenue

82nd percentile

0.17x

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

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

Net Margin

7th percentile

-127%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$49,846

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 116.9% of source-year revenue.

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

Asset Growth

4th percentile

-76%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

20th percentile

-55%

Faster revenue growth than 20% of similar nonprofits.

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

Assets

Down

$14,558

Down $44,956 (-76%) from 2019

Net Assets

Down

$7,346

Down $52,168 (-88%) from 2019

Liabilities

$7,212

No earlier filing loaded for comparison.

Revenue

Down

$42,633

Down $51,104 (-55%) from 2019

Expenses

Up

$96,799

Up $32,260 (+50%) from 2019

Net Income

Down

-$54,166

Down $83,364 (-286%) from 2019

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

2020

Assets$14,558
Liabilities$7,212
Net Assets$7,346

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

2020

Revenue$42,633
Expenses$96,799
Net Income-$54,166
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 3, 2021
Return Version
2020v4.0
Gross Receipts
$42,633
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].$65,134-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew ZarbaDirectorFT$49,846-$49,846
Reeves PriceVice PresidentPT$0--
Dante DipasqualePresidentPT$0--
Andrew ClementsSecretaryPT$0--
Peter m Prevot JrTreasurerPT$0--
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
2021-03-03
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: NAACP LEGAL DEFENSE EDUCATION | Donee's Address: 40 RECTOR STREET 5H FLOOR NEW YORK NY 10006 | Cash Amount Given: $5362

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: LOUISIANA CENTER FOR CHILDRENS RIGHTS | Donee's Address: 1100-B MILTON ST NEW ORLEANS LA 70122 | Cash Amount Given: $5362

Other Expenses.1001

Advertising and Promotion $1076

Other Expenses.1005

Travel $368

Other Expenses.1009

Depreciation $2280

Other Expenses.1012

Insurance $2319

Other Expenses.2

Studio Supplies $561

Other Expenses.3

Subscriptions $472

Other Expenses.4

Bank Fees $78

Other Expenses.5

Business Registration $20

Other Expenses.6

Parking $9

Other Assets.1

Van - Beginning $5700 Van - Ending $3420

Total Liabilities.1

PPP - Beginning $0 PPP - Ending $7212

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: NAACP LEGAL DEFENSE EDUCATION | Donee's Address: 40 RECTOR STREET 5H FLOOR NEW YORK NY 10006 | Cash Amount Given: $5362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: LOUISIANA CENTER FOR CHILDRENS RIGHTS | Donee's Address: 1100-B MILTON ST NEW ORLEANS LA 70122 | Cash Amount Given: $5362
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Peter M Prevot Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-03
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ReturnHeader/Filer/EIN0461269947
ReturnHeader/Filer/PhoneNum05047228762
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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