Civic Intelligence

Musicbreeds Inc

990EZ • Fiscal year 2021 • EIN 47-2155467

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 19, 2022

Organization Profilemusicbreeds.org
106 W 32nd StNew York, NY 10001

(917) 921-7719

Siviq Scores

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

Liabilities / Assets

98th percentile

23.06x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • NTEE A68 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.90x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • NTEE A68 • <$500k nonprofits • Source year 2021

Net Margin

8th percentile

-82%

Higher net margin than 8% of similar nonprofits.

2021 filings • NTEE A68 • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$11,830

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2021 filings • NTEE A68 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

$3,617

No earlier filing loaded for comparison.

Net Assets

-$79,790

No earlier filing loaded for comparison.

Liabilities

$83,407

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin8th percentile

Revenue

$92,412

No earlier filing loaded for comparison.

Expenses

$168,589

No earlier filing loaded for comparison.

Net Income

-$76,177

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0-$100KAssets 2021: $3,617Liabilities 2021: $83,407Net Assets 2021: -$79,7902021Assets 2024: $179,947Liabilities 2024: $205,674Net Assets 2024: -$25,7272024

Highlighted filing

2021

Assets$3,617
Liabilities$83,407
Net Assets-$79,790
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2021: $92,412Expenses 2021: $168,589Net Income 2021: -$76,1772021Revenue 2024: $405,188Expenses 2024: $377,618Net Income 2024: $27,5702024

Highlighted filing

2021

Revenue$92,412
Expenses$168,589
Net Income-$76,177
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 19, 2022
Return Version
2021v4.0
Gross Receipts
$93,412
Mission and Program Overview

Mission

Provide Music Education to kids 6th to 12th grade.

Program Services

DescriptionGrantsExpenses
Partnered with our first three schools this year. One in the Queens and two in Long Island.$55,000$85,000
Broke Ground on Long Island Musicbreeds Studio - expected to be complete by the end of the spring 2022$10,000$44,558
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William RobalinoChief Financial Officer-$11,830-$11,830
Isaiah GriggExecutive Director & FounderPT$0--
Herve TesslerTrustee-$0--
Wendi HuestisTrustee-$0--
Lindsay NieTrustee-$0--
Lauren Saint JamesTrustee-$0--
Candace KenyattaTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Musicbreeds Inc
EIN
47-2155467
Phone
9179217719
Address
106 W 32nd St, New York, NY 10001

Signing Officer

Name
Will Robalino
Title
CFO
Phone
3472760082
Signed
2022-03-19
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 1

“NA”

Form 990-EZ, Part I, Line 16

“Primarily Software and Bank fees”

Form 990-EZ, Part I, Line 20

“Changes primarily due to the build out of Music Studio”

Form 990-EZ, Part II, Line 22

“NA”

Form 990-EZ, Part II, Line 24

“No Other Assets”

Form 990-EZ, Part II, Line 26

“Note payable, taxes due and lease payments due.”

Raw XML Appendix201 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Isaiah Grigg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1William Robalino
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Herve Tessler
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Wendi Huestis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Lindsay Nie
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Lauren Saint James
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Candace Kenyatta
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director & Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chief Financial Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Trustee
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt022830
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Provide Music Education to kids 6th to 12th grade.
IRS990EZ/PrintingPublicationsPostageAmt014270
IRS990EZ/ProgramServiceRevenueAmt055000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Partnered with our first three schools this year. One in the Queens and two in Long Island.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Broke Ground on Long Island Musicbreeds Studio - expected to be complete by the end of the spring 2022
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt055000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt110000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt085000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt144558
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0168589
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IRS990EZ/TotalRevenueAmt092412
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt037712
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010256
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt047968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt055000
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt059633
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Isaiah Grigg
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Executive Director & Founder
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt059633
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Primarily Software and Bank fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Changes primarily due to the build out of Music Studio
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No Other Assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Note payable, taxes due and lease payments due.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 22
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Will Robalino
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum03472760082
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSICBREEDS INC
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0472155467
ReturnHeader/Filer/PhoneNum09179217719
ReturnHeader/Filer/USAddress/AddressLine1Txt0106 W 32nd St
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/ReturnTs02022-05-16T06:27:29-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,617
Liabilities
$83,407
Net assets
-$79,790
Revenue
$92,412
Expenses
$168,589
Net income
-$76,177
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$2.06$0.26$4.05$3.78$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.04$0.83$0.80$0.92$1.69$0.76