Civic Intelligence

Music Mends Minds Inc.

990EZ • Fiscal year 2016 • EIN 47-1493332

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 09, 2017

2355 Westwood Blvd No 514Los Angeles, CA 90064

(818) 326-0500

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$1,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

91st percentile

105%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

90%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

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

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $28,447Liabilities 2015: $7832015Assets 2016: $58,391Liabilities 2016: $515Net Assets 2016: $57,8762016Assets 2017: $64,140Liabilities 2017: $3,761Net Assets 2017: $60,3792017Assets 2018: $90,120Liabilities 2018: $3,938Net Assets 2018: $86,1822018Assets 2019: $111,040Liabilities 2019: $1,394Net Assets 2019: $109,6462019Assets 2020: $237,992Liabilities 2020: $17,008Net Assets 2020: $220,9842020Assets 2021: $335,459Liabilities 2021: $17,025Net Assets 2021: $318,4342021Assets 2022: $287,924Liabilities 2022: $4,156Net Assets 2022: $283,7682022Assets 2023: $242,339Liabilities 2023: $1,987Net Assets 2023: $240,3522023Assets 2024: $225,438Liabilities 2024: $661Net Assets 2024: $224,7772024

Highlighted filing

2016

Assets$58,391
Liabilities$515
Net Assets$57,876

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $44,700Expenses 2015: $17,036Net Income 2015: $27,6642015Revenue 2016: $85,046Expenses 2016: $54,834Net Income 2016: $30,2122016Revenue 2017: $99,594Expenses 2017: $96,895Net Income 2017: $2,6992017Revenue 2018: $148,095Expenses 2018: $122,292Net Income 2018: $25,8032018Revenue 2019: $160,788Expenses 2019: $137,324Net Income 2019: $23,4642019Revenue 2020: $264,600Expenses 2020: $153,262Net Income 2020: $111,3382020Revenue 2021: $274,654Expenses 2021: $177,204Net Income 2021: $97,4502021Revenue 2022: $171,868Expenses 2022: $206,534Net Income 2022: -$34,6662022Revenue 2023: $264,124Expenses 2023: $307,540Net Income 2023: -$43,4162023Revenue 2024: $278,012Expenses 2024: $293,587Net Income 2024: -$15,5752024

Highlighted filing

2016

Revenue$85,046
Expenses$54,834
Net Income$30,212
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$85,046
Mission and Program Overview

Mission

See Sch O

Program Services

DescriptionGrantsExpenses
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol Port RosensteinFounder, Director, PresidentFT$1,000-$1,000
Filing and Contact Details

Filer

Filer Name
Music Mends Minds Inc
EIN
47-1493332
Phone
8183260500
Address
2355 Westwood Blvd No 514, Los Angeles, CA 90064

Signing Officer

Name
Carol Port Rosenstein
Title
Founder, President
Phone
8183260500
Signed
2017-02-09
Discuss with paid preparer
Yes

Preparer

Firm
Michael Berry CPA
Address
PO Box 5045, Culver City, CA 90230
Preparer
Michael Berry
Phone
3107454027
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

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.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Other. Beg. of Year Amount: 0. End of Year Amount: 196.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: credit card payable. Beg. of Year Amount: 783. End of Year Amount: 515.

Part III- Organization'S Primary Exempt Purpose

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.

Part IV- Officers and Directors

Subsequent to year end, three individuals have joined the board, one of which is the secretary and another the treasurer.

Raw XML Appendix134 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/ExplanationTxt0Description: 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: credit card payable. Beg. of Year Amount: 783. End of Year Amount: 515.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Music 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/ExplanationTxt4SUBSEQUENT TO YEAR END, THREE INDIVIDUALS HAVE JOINED THE BOARD, ONE OF WHICH IS THE SECRETARY AND ANOTHER THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III- Organization's Primary Exempt Purpose
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part IV- Officers and Directors
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Port Rosenstein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder, President
ReturnHeader/BusinessOfficerGrp/PhoneNum08183260500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
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ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0471493332
ReturnHeader/Filer/PhoneNum08183260500
ReturnHeader/Filer/USAddress/AddressLine1Txt02355 Westwood Blvd No 514
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael Berry CPA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090230
ReturnHeader/PreparerPersonGrp/PhoneNum03107454027
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Berry
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-09T10:52:54-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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