The Key to Change

“The executive director of the key to change was not compensated for his time and expertise in the operations of the organization. His donated time with a fair market value of 55,000 during the year has been excluded from income and expenses pursuant to internal revenue code on preparation of form 990.”

“Miscellaneous income 510 total 510”

“Expenses advertising & marketing 8,075 office supplies 100 board meeting expenses 573 insurance 1,998 instruments & supplies 6,976 miscellaneous 935 scholarships 5,885 studio outings & events 1,050 promotional hosting 517 service fees 1,165 taxes & licenses 113 website fees 234 continuing education 688 intern fees 3,802 instrument repair 523 membership & registration 442 accounting software 692 professional development 462 fundraising supplies 2,451 event accompanists 1,480 video production 538 non-investment depreciation 5,355 total 44,054”

“Prior period adjustment 448 book / tax depreciation difference 1,674”

“Instruments 13,550 38,478 less accumulated depreciation 484 5,981 logo 20,000 0 less accumulated amortization 667 0 total 32,399 32,497”

“To inspire underserved youth through world class music instruction and to support their development as self aware leaders.”