Civic Intelligence

Upbeat Academy Foundation

990EZ • Fiscal year 2022 • EIN 46-1269947

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 22, 2023

Organization Profilewww.upbeatacademy.org
715 Girod St 100New Orleans, LA 70130

(225) 571-7617

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 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

89th percentile

$33,990

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 47.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-39%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-24%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$13,962

Down $8,939 (-39%) from 2021

Net Assets

Down

$13,962

Down $8,939 (-39%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin24th percentile

Revenue

Down

$71,985

Down $22,969 (-24%) from 2021

Expenses

Up

$80,924

Up $1,525 (+1.9%) from 2021

Net Income

Down

-$8,939

Down $24,494 (-157%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

2022

Assets$13,962
Liabilities-
Net Assets$13,962
Open 2022 Filing

Operations Trend

Revenue Growth21st percentile

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

2022

Revenue$71,985
Expenses$80,924
Net Income-$8,939
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 22, 2023
Return Version
2022v5.0
Gross Receipts
$71,985
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].-$56,155
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles CorpeningExecutive DirectorPT$33,990-$33,990
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
2255717617
Address
715 Girod St 100, New Orleans, LA 70130

Signing Officer

Name
Peter M Prevot Jr
Title
Treasurer
Signed
2023-08-22
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Payroll Tax Credits $9288”

Other Expenses.1009

“Depreciation $821”

Other Expenses.1012

“Insurance $4162”

Other Expenses.1

“Instructors $14220”

Other Expenses.3

“Business Registration $10”

Other Assets.1

“Van - Beginning $2052 Van - Ending $1231”

Other Assets.2

“- Beginning $0 - Ending $500”

Raw XML Appendix169 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/PrintingPublicationsPostageAmt0444
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Payroll Tax Credits $9288
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $4162
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,962
Liabilities
-
Net assets
$13,962
Revenue
$71,985
Expenses
$80,924
Net income
-$8,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.07$0.43$52.0$79.6$27.6
2023Detailed filing. Detailed filing data is available for this year.$28.0$28.0$77.1$63.1$14.1
2022Detailed filing. Detailed filing data is available for this year.$14.0$14.0$72.0$80.9$8.94
2021Detailed filing. Detailed filing data is available for this year.$22.9$22.9$95.0$79.4$15.6
2020Detailed filing. Detailed filing data is available for this year.$14.6$7.21$7.35$42.6$96.8$54.2
2019Detailed filing. Detailed filing data is available for this year.$59.5$59.5$93.7$64.5$29.2
2018Detailed filing. Detailed filing data is available for this year.$30.3$30.3$60.8$50.9$9.93
2017Detailed filing. Detailed filing data is available for this year.$20.4$20.4$49.7$41.2$8.51
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits