Civic Intelligence

Music Stand

990EZ • Fiscal year 2020 • EIN 46-4137592

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

PO Box 170984Arlington, TX 76003

(682) 777-4797

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

82nd percentile

36%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

82nd percentile

60%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

47th percentile

-17%

Faster revenue growth than 47% of similar nonprofits.

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

Assets

Up

$6,175

Up $2,305 (+60%) from 2019

Net Assets

$6,175

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$6,370

Down $1,317 (-17%) from 2019

Expenses

Down

$4,065

Down $238 (-5.5%) from 2019

Net Income

Down

$2,305

Down $1,079 (-32%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0K$6.0K$4.0K$2.0K$0Assets 2017: $547Liabilities 2017: $02017Assets 2018: $486Liabilities 2018: $02018Assets 2019: $3,870Liabilities 2019: $02019Assets 2020: $6,175Liabilities 2020: $0Net Assets 2020: $6,1752020Assets 2021: $6,601Liabilities 2021: $0Net Assets 2021: $6,6012021Assets 2022: $5,291Liabilities 2022: $0Net Assets 2022: $5,2912022Assets 2023: $720Liabilities 2023: $0Net Assets 2023: $7202023Assets 2024: $2,206Liabilities 2024: $0Net Assets 2024: $2,2062024

Highlighted filing

2020

Assets$6,175
Liabilities$0
Net Assets$6,175

Operations Trend

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

$20K$10K$0-$10KRevenue 2017: $640Expenses 2017: $1,012Net Income 2017: -$3722017Revenue 2018: $3,103Expenses 2018: $3,147Net Income 2018: -$442018Revenue 2019: $7,687Expenses 2019: $4,303Net Income 2019: $3,3842019Revenue 2020: $6,370Expenses 2020: $4,065Net Income 2020: $2,3052020Revenue 2021: $8,636Expenses 2021: $8,210Net Income 2021: $4262021Revenue 2022: $5,825Expenses 2022: $7,135Net Income 2022: -$1,3102022Revenue 2023: $1,907Expenses 2023: $6,478Net Income 2023: -$4,5712023Revenue 2024: $16,183Expenses 2024: $14,697Net Income 2024: $1,4862024

Highlighted filing

2020

Revenue$6,370
Expenses$4,065
Net Income$2,305
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.0
Gross Receipts
$6,819
Mission and Program Overview

Mission

Music series/education; artist development/support

Program Services

DescriptionGrantsExpenses
The Music Stand provided emergency funding assistance to nine professional musicians devastated by industry shutdown due to the COVID-19 pandemic and two battling cancer.$3,500$3,500
No concert series program expenses due to COVID-19 mandatory closures & gathering limits$0$0
No creative music education program expenses due to COVID-19 mandatory closures & gathering limits$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arlington J Jones IIFounder/PresidentPT$0--
Hope N JonesFounder/Vice PresidentPT$0--
Stan SewellBoard Member-$0--
Debbie RepkaBoard Member-$0--
Telea StaffordBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Music Stand
EIN
46-4137592
Phone
6827774797
Address
PO BOX 170984, ARLINGTON, TX 76003

Signing Officer

Name
Hope Jones
Title
Co-Founder/VP
Phone
6827774797
Signed
2021-05-12
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

The Music Stand Musicians Emergency Fund distributed aid to seven individuals for COVID-19 assistance and two battling cancer.

Form 990-EZ, Part I, Line 16

Description;Amount^Annual Insurance Premium;447|Bank Fees;16|Paypal Merchant Fees;14|Office Supplies;3^Total;480^

Form 990-EZ, Part III, Line (28-31)

Due to the overwhelming impact to the music industry related to the COVID-19 pandemic, we focused our effects on helping professional musicians through our Musicians Emergency Fund. The arts industry is among the most affected by COVID-19 due to mandatory gathering limits, cancellations and closures. In spring 2020, we started an assistance application process for professional musicians affected by COVID-19. By the end of 2020, our Musicians Emergency Fund distributed aid to seven individuals for COVID-19 assistance and two battling cancer. In all, we gave $3,500 to help these professional musicians and their families. The aid given in 2020 is the largest amount we have given in our program history. All of our 2020 concert series, professional musicians personal development, and music education programs were postponed due to the COVID-19 restrictions and mandates. We made the decision in the best interest of the health and safety of our patrons, participants, supporters, volunteers, and community partners. We are doing our best to help curb the spread. Our plan is to research alternative programming options (virtual, digital) to continue our mission until it has been deemed safe to return to in-person programming. We will continue our fundraising efforts to support professional musicians during the COVID-19 pandemic and seek sustaining funds to keep the organization running and ready for business when the pandemic is no longer a considered a public threat.

Raw XML Appendix204 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Music Stand Musicians Emergency Fund distributed aid to seven individuals for COVID-19 assistance and two battling cancer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Annual Insurance Premium;447|Bank Fees;16|Paypal Merchant Fees;14|Office Supplies;3^Total;480^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Due to the overwhelming impact to the music industry related to the COVID-19 pandemic, we focused our effects on helping professional musicians through our Musicians Emergency Fund. The arts industry is among the most affected by COVID-19 due to mandatory gathering limits, cancellations and closures. In spring 2020, we started an assistance application process for professional musicians affected by COVID-19. By the end of 2020, our Musicians Emergency Fund distributed aid to seven individuals for COVID-19 assistance and two battling cancer. In all, we gave $3,500 to help these professional musicians and their families. The aid given in 2020 is the largest amount we have given in our program history. All of our 2020 concert series, professional musicians personal development, and music education programs were postponed due to the COVID-19 restrictions and mandates. We made the decision in the best interest of the health and safety of our patrons, participants, supporters, volunteers, and community partners. We are doing our best to help curb the spread. Our plan is to research alternative programming options (virtual, digital) to continue our mission until it has been deemed safe to return to in-person programming. We will continue our fundraising efforts to support professional musicians during the COVID-19 pandemic and seek sustaining funds to keep the organization running and ready for business when the pandemic is no longer a considered a public threat.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part III, Line (28-31)
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Hope Jones
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Co-Founder/VP
ReturnHeader/BusinessOfficerGrp/PhoneNum06827774797
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
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ReturnHeader/Filer/EIN0464137592
ReturnHeader/Filer/PhoneNum06827774797
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 170984
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076003
ReturnHeader/ReturnTs02021-05-13T19:54:12-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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