Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Indiana Music Educators Association
EIN 51-0137865 • 501(c)3 • Indianapolis, IN
Profile
To promote music education - The mission is training, continuing education materials and training, continuing education materials and seminars.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.18x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
64th percentile
Faster asset growth than 64% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Balance Sheet
Assets
Up$161,990
Up $9,159 (+6.0%) from 2022
Liabilities
Down$28,566
Down $49,513 (-63%) from 2022
Net Assets
Up$133,424
Up $58,672 (+78%) from 2022
Revenue
Down$127,011
Down $20,447 (-14%) from 2022
Expenses
Down$68,339
Down $140,723 (-67%) from 2022
Net Income
Up$58,672
Up $120,276 (+195%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $161,990
- Liabilities
- $28,566
- Net assets
- $133,424
- Revenue
- $127,011
- Expenses
- $68,339
- Net income
- $58,672
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Nov 1, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $127,011
Mission and Program Overview
Mission
Promote music education- the organization's mission is to promote music education in indiana by providing training, continuing education materials and seminars.
To promote music education - The mission is training, continuing education materials and training, continuing education materials and seminars.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| To promote music education - The mission istraining, continuing education materials andtraining, continuing education materials and seminars | $0 | $59,138 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| See Attachment I | See Attachment I | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Indiana Music Educators Association
- EIN
- 51-0137865
- Phone
- 3175368344
- Address
- 6510 Telecom Dr, Indianapolis, IN 46278
Signing Officer
- Name
- Layne Velayo
- Title
- Executive Director
- Phone
- 3175368344
- Signed
- 2024-11-01
- Discuss with paid preparer
- Yes
Preparer
- Firm
- WagnerCPAGroup
- Address
- 8335 BROOKS FARM LN, INDIANAPOLIS, IN 46237
- Preparer
- Deb Wagner CPA
- Phone
- 3177487496
Supplemental Narrative
Additional Explanations
Pt VI, Line 3
“INDIANA MUSIC EDUCATORS ASSOCIATION, INC. AND INDIANA MUSIC FOUNDATION, INC. ARE INDIANA NONPROFIT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(6) AND 501(C)(3) OF THE INTERNAL REVENUE CODE, RESPECTIVELY, AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION RECOGNIZED NO INTEREST OR PENALTIES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES FOR EITHER OF THE YEARS ENDED JUNE 30, 2020 AND 2019. IF THE SITUATION AROSE IN WHICH THE ORGANIZATION WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE ORGANIZATION BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2020 AND 2019. Schedule D (Form 990) 20”
Pt VI, Line 3
“Executive Director and staffing are provided through a management company.”
Pt VI, Line 15A
“The Executive Director and staffing is provided through a management and compensation is included in the management fee. The portion of the management fees of the Executive Director and staffing are separately reviewed and approved by the Executive Committee.”
Pt VI, Line 19
“Form 990 and other documents are availalbe upon request.”
Pt VI, Line 11B
“Form 990 is reviewed by the Executive Committee and then reviewed and approved by the entire board prior to filing.”
Form 990EZ, Part I, Line 8
“Other Fees 1613.”
Form 990EZ, Part I, Line 16
“NAfME Dues 46580.”
Form 990EZ, Part I, Line 16
“Musician Stepends 1338.”
Form 990EZ, Part I, Line 16
“Bank/Credit Card Fees 10142.”
Form 990EZ, Part I, Line 16
“Meals 1079.”
Form 990EZ, Part I, Line 16
“Lobbying 9200.”
Form 990EZ, Part II, Line 24
“Accounts Receivable 0. 0.”
Form 990EZ, Part II, Line 24
“Undeposited Funds 250. 848.”
Raw XML Appendix174 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/ExplanationTxt | 0 | INDIANA MUSIC EDUCATORS ASSOCIATION, INC. AND INDIANA MUSIC FOUNDATION, INC. ARE INDIANA NONPROFIT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(6) AND 501(C)(3) OF THE INTERNAL REVENUE CODE, RESPECTIVELY, AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION RECOGNIZED NO INTEREST OR PENALTIES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES FOR EITHER OF THE YEARS ENDED JUNE 30, 2020 AND 2019. IF THE SITUATION AROSE IN WHICH THE ORGANIZATION WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE ORGANIZATION BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2020 AND 2019. Schedule D (Form 990) 20 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Executive Director and staffing are provided through a management company. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Executive Director and staffing is provided through a management and compensation is included in the management fee. The portion of the management fees of the Executive Director and staffing are separately reviewed and approved by the Executive Committee. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Form 990 and other documents are availalbe upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Form 990 is reviewed by the Executive Committee and then reviewed and approved by the entire board prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Other Fees 1613. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NAfME Dues 46580. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Musician Stepends 1338. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Bank/Credit Card Fees 10142. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Meals 1079. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Lobbying 9200. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Accounts Receivable 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Undeposited Funds 250. 848. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990EZ, Part I, Line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990EZ, Part I, Line 16 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990EZ, Part II, Line 24 |
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| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Layne Velayo |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | Indianapolis |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8335 BROOKS FARM LN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | INDIANAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46237 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3177487496 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Deb Wagner CPA |
| ReturnHeader/ReturnTs | 0 | 2024-11-08T08:34:06-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
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