Civic Intelligence

Music Mends Minds Inc.

990EZ • Fiscal year 2019 • EIN 47-1493332

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 15, 2020

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

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$50,963

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 31.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

8.6%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$111,040

Up $20,920 (+23%) from 2018

Net Assets

Up

$109,646

Up $23,464 (+27%) from 2018

Liabilities

Down

$1,394

Down $2,544 (-65%) from 2018

Revenue

Up

$160,788

Up $12,693 (+8.6%) from 2018

Expenses

Up

$137,324

Up $15,032 (+12%) from 2018

Net Income

Down

$23,464

Down $2,339 (-9.1%) from 2018

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

2019

Assets$111,040
Liabilities$1,394
Net Assets$109,646

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

2019

Revenue$160,788
Expenses$137,324
Net Income$23,464
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 15, 2020
Return Version
2018v3.1
Gross Receipts
$160,788
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
IN THE US, MUSIC MENDS MINDS, INC. (MMM) HAVE 18 ACTIVE BANDS WITH OTHERS IN FORMATION. THAT NUMBER IS EXPECTED TO GREATLY INCREASE AS MMM HAS HAD SUCCESS IN ITS ALLIANCE WITH SEVERAL ROTARY INTERNATIONAL LOCAL CLUBS AND ORGANIZATIONS, TO INCLUDE THE INTERNATIONAL FELLOWSHIP OF ROTARIAN MUSICIANS, COINS FOR ALZHEIMER'S RESEARCH TRUST, AND THE ALZHEIMER'S/DEMENTIA ROTARIAN ACTION GROUP. THROUGH THE MMM PROGRAM, COMMUNITIES HAVE BEEN ABLE TO COLLECTIVELY ENJOY THE POWER OF MUSIC, CHANGING BRAIN CHEMISTRY AND LIFTING THE SPIRITS OF ALL THOSE AFFECTED BY COGNITIVE DECLINE, SUCH AS PATIENTS, CARETAKERS, AND FAMILIES. THESE MUSICAL COMMUNITIES HAVE GROWN ACROSS THE US, PLANTING SEEDS IN CANADA, WASHINGTON, CONNECTICUT, LA VETERAN AFFAIRS, ETC. THROUGH MMM'S EDUCATIONAL COMPONENT, "THE 5TH DEMENTIA" HAS BEEN INVITED TO PERFORM AND EDUCATE THE LOS ANGELES REGION ABOUT THE POWER OF MUSIC ON THE BRAIN THROUGH VARIOUS EVENTS: CALIFORNIA STATEWIDE CONFERENCE ON AGING, GALA LUNCHEON FOR THE ALZHEIMER'S ASSOCIATION, LOS ANGELES COUNTY 54TH OLDER AMERICANS RECOGNITION DAY, AND THE USC UN INTERNATIONAL DAY FOR OLDER PERSONS, AND SO FORTH. ADDITIONALLY, MMM'S INTERGENERATIONAL ASPECT HAS ALLOWED ITSELF TO BE PARTNERED WITH CAL STATE LA FILM SCHOOL IN ORDER TO CREATE A MINI DOCUMENTARY ABOUT OUR MISSION. FURTHERMORE, MMM HAS ALSO BEEN BLESSED WITH EXPANSIVE GLOBAL MEDIA COVERAGE TO INCLUDE SPECTRUM 1 NEWS, CNN HEROES, BBC WORLD SERVICE AND RADIO 5, CBS, NBC AND PBS.$0$89,088
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL PORT ROSENSTEINCo-Founder, Director, PresFT$50,963-$50,963
CHARLES PERLITERDirector, TreasurerPT$0--
MADELINE LEMELDirector, Secretary-$0--
ROSS GOLDBERGBoard Chair (Start Nov 2018)-$0--
DON GETTINGERDirector (Start May 2019)-$0--
MICHAEL DEANDirector (Start May 2019)-$0--
MARILYN WEINSTEINDirector (Start May 2019)-$0--
CC PULITZERDirector (Served July-Dec 2018)-$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
2020-04-15
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: 1,892. Description: bank and credit card fees. Amount: 2,351. Description: supplies. Amount: 1,132. Description: internet. Amount: 1,115. Description: advertising and promotion. Amount: 5,475. Description: insurance. Amount: 4,338. Description: payroll taxes. Amount: 5,464. Description: fees. Amount: 50. Description: travel. Amount: 967. Description: auto. Amount: 2,158. Description: conferences and meetings. Amount: 1,585. Description: instruments, music, and rehearsals. Amount: 1,240. Description: payroll processing. Amount: 1,285. Total to form 990-ez, line 16: 29,052.

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

Description: credit card payable. Beg. Of year amount: 3,938. End of year amount: 1,394.

PART III- ORGANIZATION'S PRIMARY 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 create a community between the musicians and singers, as well as their families, friends, and caregivers, all of whom thrive on the socialization and music making. Mmm provides this 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. Additionally, our mission also includes an intergenerational component, which brings students to make music with our seniors. This fosters a valuable relationship of mutual empowerment, engagement and enjoyment. Mmm also aims to educate our community and public about the latest scientific findings regarding the benefits of music and brain through several platforms including online and in print resources. Mmm has 18 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. This project has a strong need in society today as 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. Furthermore, it is estimated that 5.8 million people of all ages suffer from alzheimer's. With this number projected to increase by 2050, alongside an aging population (alz.org), the alzheimer's association estimates a societal cost of $1.1 trillion associated with treating alzheimer's and other dementias in the u.s. Alone. Similarly, parkinson's disease afflicts one million americans, costing nearly $52 billion each year. Mmm has observed that participation in mmm's musical programs can improve outcomes of traditional treatment regimens, 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.

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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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN THE US, MUSIC MENDS MINDS, INC. (MMM) HAVE 18 ACTIVE BANDS WITH OTHERS IN FORMATION. THAT NUMBER IS EXPECTED TO GREATLY INCREASE AS MMM HAS HAD SUCCESS IN ITS ALLIANCE WITH SEVERAL ROTARY INTERNATIONAL LOCAL CLUBS AND ORGANIZATIONS, TO INCLUDE THE INTERNATIONAL FELLOWSHIP OF ROTARIAN MUSICIANS, COINS FOR ALZHEIMER'S RESEARCH TRUST, AND THE ALZHEIMER'S/DEMENTIA ROTARIAN ACTION GROUP. THROUGH THE MMM PROGRAM, COMMUNITIES HAVE BEEN ABLE TO COLLECTIVELY ENJOY THE POWER OF MUSIC, CHANGING BRAIN CHEMISTRY AND LIFTING THE SPIRITS OF ALL THOSE AFFECTED BY COGNITIVE DECLINE, SUCH AS PATIENTS, CARETAKERS, AND FAMILIES. THESE MUSICAL COMMUNITIES HAVE GROWN ACROSS THE US, PLANTING SEEDS IN CANADA, WASHINGTON, CONNECTICUT, LA VETERAN AFFAIRS, ETC. THROUGH MMM'S EDUCATIONAL COMPONENT, "THE 5TH DEMENTIA" HAS BEEN INVITED TO PERFORM AND EDUCATE THE LOS ANGELES REGION ABOUT THE POWER OF MUSIC ON THE BRAIN THROUGH VARIOUS EVENTS: CALIFORNIA STATEWIDE CONFERENCE ON AGING, GALA LUNCHEON FOR THE ALZHEIMER'S ASSOCIATION, LOS ANGELES COUNTY 54TH OLDER AMERICANS RECOGNITION DAY, AND THE USC UN INTERNATIONAL DAY FOR OLDER PERSONS, AND SO FORTH. ADDITIONALLY, MMM'S INTERGENERATIONAL ASPECT HAS ALLOWED ITSELF TO BE PARTNERED WITH CAL STATE LA FILM SCHOOL IN ORDER TO CREATE A MINI DOCUMENTARY ABOUT OUR MISSION. FURTHERMORE, MMM HAS ALSO BEEN BLESSED WITH EXPANSIVE GLOBAL MEDIA COVERAGE TO INCLUDE SPECTRUM 1 NEWS, CNN HEROES, BBC WORLD SERVICE AND RADIO 5, CBS, NBC AND PBS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CONCERTS. AMOUNT: 1,892. DESCRIPTION: BANK AND CREDIT CARD FEES. AMOUNT: 2,351. DESCRIPTION: SUPPLIES. AMOUNT: 1,132. DESCRIPTION: INTERNET. AMOUNT: 1,115. DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 5,475. DESCRIPTION: INSURANCE. AMOUNT: 4,338. DESCRIPTION: PAYROLL TAXES. AMOUNT: 5,464. DESCRIPTION: FEES. AMOUNT: 50. DESCRIPTION: TRAVEL. AMOUNT: 967. DESCRIPTION: AUTO. AMOUNT: 2,158. DESCRIPTION: CONFERENCES AND MEETINGS. AMOUNT: 1,585. DESCRIPTION: INSTRUMENTS, MUSIC, AND REHEARSALS. AMOUNT: 1,240. DESCRIPTION: PAYROLL PROCESSING. AMOUNT: 1,285. TOTAL TO FORM 990-EZ, LINE 16: 29,052.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 3,938. END OF YEAR AMOUNT: 1,394.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MUSIC 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 CREATE A COMMUNITY BETWEEN THE MUSICIANS AND SINGERS, AS WELL AS THEIR FAMILIES, FRIENDS, AND CAREGIVERS, ALL OF WHOM THRIVE ON THE SOCIALIZATION AND MUSIC MAKING. MMM PROVIDES THIS 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. ADDITIONALLY, OUR MISSION ALSO INCLUDES AN INTERGENERATIONAL COMPONENT, WHICH BRINGS STUDENTS TO MAKE MUSIC WITH OUR SENIORS. THIS FOSTERS A VALUABLE RELATIONSHIP OF MUTUAL EMPOWERMENT, ENGAGEMENT AND ENJOYMENT. MMM ALSO AIMS TO EDUCATE OUR COMMUNITY AND PUBLIC ABOUT THE LATEST SCIENTIFIC FINDINGS REGARDING THE BENEFITS OF MUSIC AND BRAIN THROUGH SEVERAL PLATFORMS INCLUDING ONLINE AND IN PRINT RESOURCES. MMM HAS 18 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. THIS PROJECT HAS A STRONG NEED IN SOCIETY TODAY AS 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. FURTHERMORE, IT IS ESTIMATED THAT 5.8 MILLION PEOPLE OF ALL AGES SUFFER FROM ALZHEIMER'S. WITH THIS NUMBER PROJECTED TO INCREASE BY 2050, ALONGSIDE AN AGING POPULATION (ALZ.ORG), THE ALZHEIMER'S ASSOCIATION ESTIMATES A SOCIETAL COST OF $1.1 TRILLION ASSOCIATED WITH TREATING ALZHEIMER'S AND OTHER DEMENTIAS IN THE U.S. ALONE. SIMILARLY, PARKINSON'S DISEASE AFFLICTS ONE MILLION AMERICANS, COSTING NEARLY $52 BILLION EACH YEAR. MMM HAS OBSERVED THAT PARTICIPATION IN MMM'S MUSICAL PROGRAMS CAN IMPROVE OUTCOMES OF TRADITIONAL TREATMENT REGIMENS, 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART III- ORGANIZATION'S PRIMARY EXEMPT PURPOSE
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ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL PORT ROSENSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-FOUNDER, PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08183260500
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSIC MENDS MINDS INC
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0471493332
ReturnHeader/Filer/PhoneNum08183260500
ReturnHeader/Filer/USAddress/AddressLine1Txt02355 WESTWOOD BLVD NO 514
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090064
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F0D1D7F3213C11ECE9BDE5D4E232E99CC46FDEA6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.241.196.243
ReturnHeader/FilingSecurityInformation/IPDt02020-04-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm019:00:40
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL BERRY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 5045
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CULVER CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090230
ReturnHeader/PreparerPersonGrp/PhoneNum03107454027
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL BERRY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-04-15T19:01:46-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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