Civic Intelligence

Young Musical Scholars Foundation Inc

EIN 54-1824117 • 501(c)3 • Silver Spring, MD

Profile

The Young Musical Scholars Foundation intends to promote musical, cultural and arts activities and interests; to contribute to and promote charitable and educational purposes; to support and to encourage young talent with financial needs in the fields of music, arts, performing arts and international cultural exchange activities.

2335 Holly Spring DriveSilver Spring, MD 20905

tymsfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

62nd percentile

5.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-68%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$4,705

Up $223 (+5.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Up

$4,705

Up $223 (+5.0%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin71st percentile

Revenue

Down

$1,330

Down $2,765 (-68%) from 2019

Expenses

Down

$1,107

Down $4,021 (-78%) from 2019

Net Income

Up

$223

Up $1,256 (+122%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0K$6.0K$4.0K$2.0K$0Assets 2011: $7,684Liabilities 2011: $02011Assets 2012: $0Liabilities 2012: $02012Assets 2013: $6,554Liabilities 2013: $02013Assets 2014: $6,249Liabilities 2014: $02014Assets 2015: $6,145Liabilities 2015: $02015Assets 2016: $5,815Liabilities 2016: $02016Assets 2017: $5,671Liabilities 2017: $02017Assets 2018: $5,515Liabilities 2018: $02018Assets 2019: $4,482Liabilities 2019: $0Net Assets 2019: $4,4822019Assets 2020: $4,705Liabilities 2020: $0Net Assets 2020: $4,7052020

Highlighted filing

2020

Assets$4,705
Liabilities$0
Net Assets$4,705
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0K$4.0K$2.0K$0-$2.0KRevenue 2011: $0Expenses 2011: $348Net Income 2011: -$3482011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $42Net Income 2013: -$422013Revenue 2014: $0Expenses 2014: $305Net Income 2014: -$3052014Revenue 2015: $0Expenses 2015: $105Net Income 2015: -$1052015Revenue 2016: $0Expenses 2016: $230Net Income 2016: -$2302016Revenue 2017: $0Expenses 2017: $143Net Income 2017: -$1432017Revenue 2018: $0Expenses 2018: $156Net Income 2018: -$1562018Revenue 2019: $4,095Expenses 2019: $5,128Net Income 2019: -$1,0332019Revenue 2020: $1,330Expenses 2020: $1,107Net Income 2020: $2232020

Highlighted filing

2020

Revenue$1,330
Expenses$1,107
Net Income$223
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,705
Liabilities
$0
Net assets
$4,705
Revenue
$1,330
Expenses
$1,107
Net income
$223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$4,705$0$4,705$1,330$1,107$223
2019Detailed filing. Detailed filing data is available for this year.$4,482$0$4,482$4,095$5,128$1,033
2018Summary only. Only limited summary data is available for this year.$5,515$0$0$156$156
2017Summary only. Only limited summary data is available for this year.$5,671$0$0$143$143
2016Summary only. Only limited summary data is available for this year.$5,815$0$0$230$230
2015Summary only. Only limited summary data is available for this year.$6,145$0$0$105$105
2014Summary only. Only limited summary data is available for this year.$6,249$0$0$305$305
2013Summary only. Only limited summary data is available for this year.$6,554$0$0$42$42
2012Summary only. Only limited summary data is available for this year.$0$0$0$0$0
2011Summary only. Only limited summary data is available for this year.$7,684$0$0$348$348
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,330
Mission and Program Overview

Mission

The Young Musical Scholars Foundation intends to promote musical, cultural and arts activities and interests; to contribute to and promote charitable and educational purposes; to support and to encourage young talent with financial needs in the fields of music, arts, performing arts and international cultural exchange activities.

Program Services

DescriptionGrantsExpenses
The Young Musical Scholars Foundation intends to promote musical, cultural and arts activities and interests; to contribute to and promote charitable and educational purposes; to support and to encourage young talent with financial needs in the fields of music, arts, performing arts and international cultural exchange activities.$0$1,065
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHUNG F TAYLORPresident, Board Chair-$0--
MARIE CARRBoard Member-$0--
VICKY MEIBoard Member-$0--
RICHARD HSIAOBoard Member-$0--
MINNIE FUBoard Member-$0--
BURNETT THOMPSONBoard Member-$0--
ISABEL ETKINBoard Member-$0--
SCOTT KEENTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Young Musical Scholars Foundation Inc
EIN
54-1824117
Phone
3013880170
Address
2335 Holly Spring Drive, Silver Spring, MD 20905

Signing Officer

Name
Scott S Keen
Title
Treasurer
Phone
3019173040
Signed
2021-11-15
Supplemental Narrative

Additional Explanations

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

“Description: Office Supply & Expense. Amount: 82. Description: Licenses & Registration. Amount: 25. Description: Scholarships. Amount: 1,000. Total to Form 990-EZ, line 16: 1,107.”

Raw XML Appendix150 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Silver Spring
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT, BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Young Musical Scholars Foundation intends to promote musical, cultural and arts activities and interests; to contribute to and promote charitable and educational purposes; to support and to encourage young talent with financial needs in the fields of music, arts, performing arts and international cultural exchange activities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01065
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MD
IRS990EZ/SubjectToProxyTaxInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05095
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Office Supply & Expense. Amount: 82. Description: Licenses & Registration. Amount: 25. Description: Scholarships. Amount: 1,000. Total to Form 990-EZ, line 16: 1,107.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott S Keen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03019173040
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Young Musical Scholars Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0YOUN
ReturnHeader/Filer/EIN0541824117
ReturnHeader/Filer/PhoneNum03013880170
ReturnHeader/Filer/USAddress/AddressLine1Txt02335 Holly Spring Drive
ReturnHeader/Filer/USAddress/CityNm0Silver Spring
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020905
ReturnHeader/ReturnTs02021-11-15T08:52:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Scott
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Keen
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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