Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
990EZ • Fiscal year 2016 • EIN 47-1493332
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 1.2% of source-year revenue.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Assets
Up$58,391
Up $29,944 (+105%) from 2015
Net Assets
$57,876
No earlier filing loaded for comparison.
Liabilities
Down$515
Down $268 (-34%) from 2015
Revenue
Up$85,046
Up $40,346 (+90%) from 2015
Expenses
Up$54,834
Up $37,798 (+222%) from 2015
Net Income
Up$30,212
Up $2,548 (+9.2%) from 2015
See Sch O
| Description | Grants | Expenses |
|---|---|---|
| MMM has seven bands either active or in formation. That number is expected to exponentially increase as just recently (subsequent to June 30, 2016 year-end) MMM formed an alliance with Rotary International and plan on moving together both nationally and globally. | $0 | $38,535 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Carol Port Rosenstein | Founder, Director, President | FT | $1,000 | - | $1,000 |
“Description: Concerts. Amount: 2,676. Description: Bank and credit card fees. Amount: 1,404. Description: Supplies. Amount: 1,033. Description: Internet. Amount: 585. Description: Advertising and Promotion. Amount: 1,930. Description: Insurance. Amount: 1,907. Description: Payroll taxes. Amount: 1,427. Description: fees. Amount: 25. Description: Rehearsals & meetings. Amount: 3,175. Description: Travel. Amount: 2,079. Description: Auto. Amount: 554. Total to Form 990-EZ, line 16: 16,795.”
“Description: Other. Beg. of Year Amount: 0. End of Year Amount: 196.”
“Description: credit card payable. Beg. of Year Amount: 783. End of Year Amount: 515.”
“Music Mends Minds, Inc. (MMM) is a 501(c)(3) organization that fosters the development of therapeutic bands of music students, and elder musicians with early cognitive decline as well as Veterans suffering from PTSD. The goal is to provide these seniors, their caretakers/families, and Veterans with a cost-effective strategy to increase mental/emotional stimulation and empowerment, reduce stress, decrease isolation, discover new meaning to their role in society, and improve overall quality of life. Created in 2014, MMM targets the rapidly growing population afflicted with the neurodegenerative diseases that include Alzheimer's, Parkinson's, traumatic brain injury, stroke, and other dementias. The project has expanded to include patients of PTSD as well. It is estimated that 5.4 million people of all ages suffer from Alzheimer's alone, with 1 in 9 among 65 or older having the disease. With this number projected to triple by 2050 alongside an aging population (alz.org), the RAND Corporation estimates a societal cost of $159 Billion associated with treating these diseases in the US alone. Similarly, Parkinson's disease afflicts as many as one million Americans, costing nearly $25 billion each year. Every 66 seconds, someone in the United States develops dementia. It is MMM's observation, that participating in MMM's programs can improve outcomes of traditional treatment regimes, forestall seniors from entering isolated nursing homes, and cut possible healthcare costs for expensive treatment. With an increasing market and crucial need to find solutions to the issue of neurodegeneration with aging, the demand for MMM's novel methods and service is expected to increase. MMM has seven bands either active or in formation. We are now partnered with the Vashon Island Rotary Club in Washington State. With this blueprint in place, we plan to move forward promoting our project to Rotary International Clubs both nationally and globally.”
“Subsequent to year end, three individuals have joined the board, one of which is the secretary and another the treasurer.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | The Organization |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8183260500 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2355 Westwood Blvd No 514 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Los Angeles |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 90064 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 28447 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 58195 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 85046 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 30212 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 11031 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 28447 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 58391 |
| IRS990EZ/GrossReceiptsAmt | 0 | 85046 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 27664 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 57876 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 27664 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 57876 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 4250 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 55.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 1000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Carol Port Rosenstein |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Founder, Director, President |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 196 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16795 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | See Sch O |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 4310 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MMM has seven bands either active or in formation. That number is expected to exponentially increase as just recently (subsequent to June 30, 2016 year-end) MMM formed an alliance with Rotary International and plan on moving together both nationally and globally. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 38535 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 18448 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 783 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 515 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 54834 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 38535 |
| IRS990EZ/TotalRevenueAmt | 0 | 85046 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | http://www.musicmendsminds.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | The organization's initital year ending June 30, 2015 was a short year. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Sch A, Part II |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 85046 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 44700 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 129746 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 25126 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 104620 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 85046 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 44700 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 129746 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 129746 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: Concerts. Amount: 2,676. Description: Bank and credit card fees. Amount: 1,404. Description: Supplies. Amount: 1,033. Description: Internet. Amount: 585. Description: Advertising and Promotion. Amount: 1,930. Description: Insurance. Amount: 1,907. Description: Payroll taxes. Amount: 1,427. Description: fees. Amount: 25. Description: Rehearsals & meetings. Amount: 3,175. Description: Travel. Amount: 2,079. Description: Auto. Amount: 554. Total to Form 990-EZ, line 16: 16,795. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Other. Beg. of Year Amount: 0. End of Year Amount: 196. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: credit card payable. Beg. of Year Amount: 783. End of Year Amount: 515. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Music Mends Minds, Inc. (MMM) is a 501(c)(3) organization that fosters the development of therapeutic bands of music students, and elder musicians with early cognitive decline as well as Veterans suffering from PTSD. The goal is to provide these seniors, their caretakers/families, and Veterans with a cost-effective strategy to increase mental/emotional stimulation and empowerment, reduce stress, decrease isolation, discover new meaning to their role in society, and improve overall quality of life. Created in 2014, MMM targets the rapidly growing population afflicted with the neurodegenerative diseases that include Alzheimer's, Parkinson's, traumatic brain injury, stroke, and other dementias. The project has expanded to include patients of PTSD as well. It is estimated that 5.4 million people of all ages suffer from Alzheimer's alone, with 1 in 9 among 65 or older having the disease. With this number projected to triple by 2050 alongside an aging population (alz.org), the RAND Corporation estimates a societal cost of $159 Billion associated with treating these diseases in the US alone. Similarly, Parkinson's disease afflicts as many as one million Americans, costing nearly $25 billion each year. Every 66 seconds, someone in the United States develops dementia. It is MMM's observation, that participating in MMM's programs can improve outcomes of traditional treatment regimes, forestall seniors from entering isolated nursing homes, and cut possible healthcare costs for expensive treatment. With an increasing market and crucial need to find solutions to the issue of neurodegeneration with aging, the demand for MMM's novel methods and service is expected to increase. MMM has seven bands either active or in formation. We are now partnered with the Vashon Island Rotary Club in Washington State. With this blueprint in place, we plan to move forward promoting our project to Rotary International Clubs both nationally and globally. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | SUBSEQUENT TO YEAR END, THREE INDIVIDUALS HAVE JOINED THE BOARD, ONE OF WHICH IS THE SECRETARY AND ANOTHER THE TREASURER. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part II, Line 24 - Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part III- Organization's Primary Exempt Purpose |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part IV- Officers and Directors |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Carol Port Rosenstein |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Founder, President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8183260500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-02-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Music Mends Minds Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MUSI |
| ReturnHeader/Filer/EIN | 0 | 471493332 |
| ReturnHeader/Filer/PhoneNum | 0 | 8183260500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2355 Westwood Blvd No 514 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Los Angeles |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 90064 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Michael Berry CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 5045 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Culver City |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 90230 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3107454027 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michael Berry |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2017-02-09T10:52:54-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-06-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
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Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.