Civic Intelligence

Texas Music Project Inc.

990EZ • Fiscal year 2016 • EIN 55-0817516

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

1009 Woodbriar DriveGrapevine, TX 76051

(817) 329-2039

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

6th percentile

-63%

Faster asset growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-37%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,805

Down $9,958 (-63%) from 2015

Net Assets

Down

$5,805

Down $9,958 (-63%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$57,439

Down $33,484 (-37%) from 2015

Expenses

Down

$67,397

Down $18,648 (-22%) from 2015

Net Income

Down

-$9,958

Down $14,836 (-304%) from 2015

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $9,348Liabilities 2010: $8Net Assets 2010: $9,3402010Assets 2014: $10,885Liabilities 2014: $0Net Assets 2014: $10,8852014Assets 2015: $15,763Net Assets 2015: $15,7632015Assets 2016: $5,805Net Assets 2016: $5,8052016Assets 2017: $46,934Net Assets 2017: $46,9342017Assets 2018: $52,067Net Assets 2018: $52,0672018Assets 2019: $68,476Liabilities 2019: $0Net Assets 2019: $68,4762019Assets 2020: $43,544Liabilities 2020: $0Net Assets 2020: $43,5442020Assets 2021: $77,888Net Assets 2021: $77,8882021Assets 2022: $60,411Net Assets 2022: $60,4112022Assets 2023: $60,717Liabilities 2023: $25,499Net Assets 2023: $35,2182023Assets 2024: $83,416Liabilities 2024: $21,163Net Assets 2024: $62,2532024

Highlighted filing

2016

Assets$5,805
Liabilities-
Net Assets$5,805

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $16,815Expenses 2010: $13,127Net Income 2010: $3,6882010Revenue 2014: $84,317Expenses 2014: $95,019Net Income 2014: -$10,7022014Revenue 2015: $90,923Expenses 2015: $86,045Net Income 2015: $4,8782015Revenue 2016: $57,439Expenses 2016: $67,397Net Income 2016: -$9,9582016Revenue 2017: $95,155Expenses 2017: $54,026Net Income 2017: $41,1292017Revenue 2018: $100,250Expenses 2018: $95,117Net Income 2018: $5,1332018Revenue 2019: $119,650Expenses 2019: $103,241Net Income 2019: $16,4092019Revenue 2020: $67,950Expenses 2020: $92,882Net Income 2020: -$24,9322020Revenue 2021: $108,168Expenses 2021: $73,824Net Income 2021: $34,3442021Revenue 2022: $81,683Expenses 2022: $99,160Net Income 2022: -$17,4772022Revenue 2023: $92,683Expenses 2023: $117,876Net Income 2023: -$25,1932023Revenue 2024: $130,003Expenses 2024: $102,968Net Income 2024: $27,0352024

Highlighted filing

2016

Revenue$57,439
Expenses$67,397
Net Income-$9,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$57,439
Mission and Program Overview

Mission

We created TMP to help address the lack of funding for the arts in general and specifically music education in our schools and communities. We believe music has the transformative power to connect, inspire and heal. For this reason we create educational, instructional, and informational programs for underprivileged groups. We inspire people to follow their dreams through music.

Program Services

DescriptionGrantsExpenses
We developed our "Classroom to Stage" initiative to develop and produce community events to engage students and give them a platform to learn. This is achieved through live performances and mentoring with lessons and instruments. Most of these youth would not have the means to have these unique learning opportunities and mentoring programs.$40,782-
Tips, Tricks and Licks Program - this is an online teaching resource with Pros offering lessons and advice to students, teachers and the community.$5,362-
Music Therapy - Snowball Express / Texas Children's Hospital - this is a program where instructions are given and instruments are donated.$1,384-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Paul BatisteBoard Member-$0--
Dave TapleyChairman-$0--
Michael ClayExecutive DirectorPT$0--
Michael HatleyScrty/Mrk Director-$0--
Filing and Contact Details

Filer

Filer Name
The Texas Music Project
EIN
55-0817516
Phone
8173292039
Address
1009 Woodbriar Drive, Grapevine, TX 76051

Signing Officer

Name
Michael Clay
Title
Executive Director
Signed
2017-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Pine and Company CPAs PLLC
Address
768 BANDIT TRL, KELLER, TX 76248
Preparer
Michael Pine CPA
Phone
8175813223
Supplemental Narrative

Additional Explanations

Other Expenses.1005

Travel $1693

Other Expenses.1010

Amortization $1173

Other Expenses.1012

Insurance $1172

Other Expenses.1

Love Field Stage $21065

Other Expenses.2

Townview High School $15160

Other Expenses.3

Fundraising/Marketing $7848

Other Expenses.4

Tips, Tricks & Licks $5362

Other Expenses.5

La Rondalla $3807

Other Expenses.6

Telephone/Internet $1545

Other Expenses.7

Supplies $1388

Other Expenses.8

Texas Childrens Hospital $1384

Other Expenses.9

Texas State Fair $750

Other Expenses.10

Snowball Program $400

Other Expenses.11

Meals & Entertainment $392

Other Expenses.13

Contract Labor $225

Other Expenses.14

Bank Service Charge $51

Other Expenses.15

Admin $32

Other Assets.1012

Intangible Assets - Beginning $1173 Intangible Assets - Ending $0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Townview High School $15160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fundraising/Marketing $7848
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Tips, Tricks & Licks $5362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7La Rondalla $3807
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Telephone/Internet $1545
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Supplies $1388
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Texas Childrens Hospital $1384
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Texas State Fair $750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Snowball Program $400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Meals & Entertainment $392
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Contract Labor $225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Bank Service Charge $51
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Intangible Assets - Beginning $1173 Intangible Assets - Ending $0
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Clay
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Texas Music Project
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ReturnHeader/Filer/EIN0550817516
ReturnHeader/Filer/PhoneNum08173292039
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ReturnHeader/Filer/USAddress/CityNm0Grapevine
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076051
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0768 BANDIT TRL
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076248
ReturnHeader/PreparerPersonGrp/PhoneNum08175813223
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Pine CPA
ReturnHeader/ReturnTs02017-11-13T14:51:45-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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