Civic Intelligence

Music Mends Minds Inc.

990EZ • Fiscal year 2018 • EIN 47-1493332

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 18, 2019

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

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$48,075

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 32.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

82nd percentile

41%

Faster asset growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$90,120

Up $25,980 (+41%) from 2017

Net Assets

Up

$86,182

Up $25,803 (+43%) from 2017

Liabilities

Up

$3,938

Up $177 (+4.7%) from 2017

Revenue

Up

$148,095

Up $48,501 (+49%) from 2017

Expenses

Up

$122,292

Up $25,397 (+26%) from 2017

Net Income

Up

$25,803

Up $23,104 (+856%) from 2017

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

2018

Assets$90,120
Liabilities$3,938
Net Assets$86,182

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

2018

Revenue$148,095
Expenses$122,292
Net Income$25,803
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 18, 2019
Return Version
2017v2.3
Gross Receipts
$148,095
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
MMM HAVE 17 ACTIVE BANDS. THAT NUMBER IS EXPECTED TO EXPONENTIALLY INCREASE AS MMM HAS FORMED AN ALLIANCE WITH SEVERAL ROTARY INTERNATIONAL ORGANIZATIONS TO INCLUDE THE INTERNATIONAL FELLOWSHIP OF ROTARIAN MUSICIANS, COINS FOR ALZHEIMER'S RESEARCH TRUST, AND THE ALZHEIMER'S/DEMENTIA ROTARIAN ACTION GROUP. MMM HAS ALSO BEEN BLESSED WITH EXPANSIVE GLOBAL MEDIA COVERAGE TO INCLUDE CNN HEROES, BBC WORLD SERVICE AND RADIO 5, CBS, NBC AND PBS.$0$85,556
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL PORT ROSENSTEINCo-Founder, Director, Pres.FT$48,075-$48,075
CHARLES PERLITERDirector, TreasurerPT$0--
MADELINE LEMELDirector, Secretary-$0--
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
Co-founder, President
Phone
8183260500
Signed
2019-03-18
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 8 - Other Revenue

Description: interest. Amount: 1.

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

Description: concerts. Amount: 782. Description: bank and credit card fees. Amount: 1,189. Description: supplies. Amount: 1,175. Description: internet. Amount: 640. Description: advertising and promotion. Amount: 2,576. Description: insurance. Amount: 3,421. Description: payroll taxes. Amount: 4,090. Description: fees. Amount: 20. Description: rehearsals & meetings. Amount: 236. Description: travel. Amount: 1,896. Description: auto. Amount: 541. Description: conferences and meetings. Amount: 3,020. Description: instruments and music. Amount: 334. Description: payroll processing. Amount: 870. Total to form 990-ez, line 16: 20,790.

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

Description: credit card payable. Beg. Of year amount: 3,761. End of year amount: 3,938.

PART III- ORGANIZATION'S PRIMARY EXEMPT PURPOSE

Exempt purpose . Music mends minds, inc. (mmm) is a 501(c) (3) organization, founded in 2014, that fosters the development of musical support groups/bands of patients with alzheimer's, dementia, parkinson's, as well as traumatic brain injury, stroke, and ptsd. The goal is to provide the community of patients and their caretakers/families with a cost-effective strategy to increase mental/emotional stimulation, promote empowerment, reduce stress and isolation, and improve overall quality of life through the power of music. Research shows that music storage remains intact in spite of the disease process, rehabilitating and bringing joy to our entire community, as we wait for a cure. Every 3 seconds, someone in the world develops dementia. It is estimated that 5.7 million people of all ages suffer from alzheimer's. 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 alzheimer's and other dementias in the u.s. Alone. Similarly, parkinson's disease afflicts one million americans, costing nearly $25 billion each year. Mmm has observed that participation in mmm's musical programs can improve outcomes of traditional treatment regimes, forestall seniors from entering isolated nursing homes, cut possible healthcare costs for expensive treatment and bring joy back into the lives of our community of struggling patients. 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 17 active bands and more in formation. We are partnered with several rotary international clubs across the nation that have formed and parented mmm bands. With this blueprint in place, we plan to move forward promoting our project to rotary international clubs both nationally and globally.

Raw XML Appendix146 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: INTEREST. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CONCERTS. AMOUNT: 782. DESCRIPTION: BANK AND CREDIT CARD FEES. AMOUNT: 1,189. DESCRIPTION: SUPPLIES. AMOUNT: 1,175. DESCRIPTION: INTERNET. AMOUNT: 640. DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 2,576. DESCRIPTION: INSURANCE. AMOUNT: 3,421. DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,090. DESCRIPTION: FEES. AMOUNT: 20. DESCRIPTION: REHEARSALS & MEETINGS. AMOUNT: 236. DESCRIPTION: TRAVEL. AMOUNT: 1,896. DESCRIPTION: AUTO. AMOUNT: 541. DESCRIPTION: CONFERENCES AND MEETINGS. AMOUNT: 3,020. DESCRIPTION: INSTRUMENTS AND MUSIC. AMOUNT: 334. DESCRIPTION: PAYROLL PROCESSING. AMOUNT: 870. TOTAL TO FORM 990-EZ, LINE 16: 20,790.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 3,761. END OF YEAR AMOUNT: 3,938.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXEMPT PURPOSE . MUSIC MENDS MINDS, INC. (MMM) IS A 501(C) (3) ORGANIZATION, FOUNDED IN 2014, THAT FOSTERS THE DEVELOPMENT OF MUSICAL SUPPORT GROUPS/BANDS OF PATIENTS WITH ALZHEIMER'S, DEMENTIA, PARKINSON'S, AS WELL AS TRAUMATIC BRAIN INJURY, STROKE, AND PTSD. THE GOAL IS TO PROVIDE THE COMMUNITY OF PATIENTS AND THEIR CARETAKERS/FAMILIES WITH A COST-EFFECTIVE STRATEGY TO INCREASE MENTAL/EMOTIONAL STIMULATION, PROMOTE EMPOWERMENT, REDUCE STRESS AND ISOLATION, AND IMPROVE OVERALL QUALITY OF LIFE THROUGH THE POWER OF MUSIC. RESEARCH SHOWS THAT MUSIC STORAGE REMAINS INTACT IN SPITE OF THE DISEASE PROCESS, REHABILITATING AND BRINGING JOY TO OUR ENTIRE COMMUNITY, AS WE WAIT FOR A CURE. EVERY 3 SECONDS, SOMEONE IN THE WORLD DEVELOPS DEMENTIA. IT IS ESTIMATED THAT 5.7 MILLION PEOPLE OF ALL AGES SUFFER FROM ALZHEIMER'S. 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 ALZHEIMER'S AND OTHER DEMENTIAS IN THE U.S. ALONE. SIMILARLY, PARKINSON'S DISEASE AFFLICTS ONE MILLION AMERICANS, COSTING NEARLY $25 BILLION EACH YEAR. MMM HAS OBSERVED THAT PARTICIPATION IN MMM'S MUSICAL PROGRAMS CAN IMPROVE OUTCOMES OF TRADITIONAL TREATMENT REGIMES, FORESTALL SENIORS FROM ENTERING ISOLATED NURSING HOMES, CUT POSSIBLE HEALTHCARE COSTS FOR EXPENSIVE TREATMENT AND BRING JOY BACK INTO THE LIVES OF OUR COMMUNITY OF STRUGGLING PATIENTS. 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 17 ACTIVE BANDS AND MORE IN FORMATION. WE ARE PARTNERED WITH SEVERAL ROTARY INTERNATIONAL CLUBS ACROSS THE NATION THAT HAVE FORMED AND PARENTED MMM BANDS. WITH THIS BLUEPRINT IN PLACE, WE PLAN TO MOVE FORWARD PROMOTING OUR PROJECT TO ROTARY INTERNATIONAL CLUBS BOTH NATIONALLY AND GLOBALLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART III- ORGANIZATION'S PRIMARY EXEMPT PURPOSE
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