Civic Intelligence

The Foundation for Music-Based Learning Inc.

990PF • Fiscal year 2023 • EIN 56-1853136

Sep 01, 2022 to Aug 31, 2023 • Filed on Mar 04, 2024

Organization Profile
507 Arlington StreetGreensboro, NC 27406

(336) 292-9516

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.00x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Source year 2023

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2023 filings • $500k-$1M nonprofits • Source year 2023

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

433%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$794,234

Up $119,787 (+18%) from 2022

Net Assets

Up

$794,234

Up $119,787 (+18%) from 2022

Liabilities

Flat

$1

Flat from 2022

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin68th percentile

Revenue

Up

$49,460

Up $40,188 (+433%) from 2022

Expenses

Up

$42,173

Up $40,544 (+2489%) from 2022

Net Income

Down

$7,287

Down $356 (-4.7%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,335,376Liabilities 2011: $2432011Assets 2012: $1,322,492Liabilities 2012: $2432012Assets 2013: $1,316,305Liabilities 2013: $243Net Assets 2013: $1,316,0622013Assets 2014: $1,613,932Liabilities 2014: $1Net Assets 2014: $1,613,9322014Assets 2015: $1,155,676Liabilities 2015: $1Net Assets 2015: $1,155,6762015Assets 2017: $1,029,877Liabilities 2017: $0Net Assets 2017: $1,029,8772017Assets 2018: $516,340Liabilities 2018: $1Net Assets 2018: $516,3392018Assets 2019: $517,735Liabilities 2019: $1Net Assets 2019: $517,7352019Assets 2020: $645,792Liabilities 2020: $1Net Assets 2020: $645,7922020Assets 2021: $666,804Liabilities 2021: $1Net Assets 2021: $666,8042021Assets 2022: $674,447Liabilities 2022: $1Net Assets 2022: $674,4472022Assets 2023: $794,234Liabilities 2023: $1Net Assets 2023: $794,2342023Assets 2024: $839,525Liabilities 2024: $0Net Assets 2024: $839,5252024

Highlighted filing

2023

Assets$794,234
Liabilities$1
Net Assets$794,234
Open 2023 Filing

Operations Trend

Revenue Growth97th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $263,849Expenses 2011: $41,138Net Income 2011: $222,7112011Revenue 2012: $34,136Expenses 2012: $47,020Net Income 2012: -$12,8842012Revenue 2013: $46,112Expenses 2013: $52,299Net Income 2013: -$6,1872013Revenue 2014: $435,938Expenses 2014: $261,383Net Income 2014: $174,5552014Revenue 2015: $26,401Expenses 2015: $484,657Net Income 2015: -$458,2562015Revenue 2017: $269,882Expenses 2017: $316,945Net Income 2017: -$47,0632017Revenue 2018: $10,175Expenses 2018: $523,713Net Income 2018: -$513,5382018Revenue 2019: $7,327Expenses 2019: $5,931Net Income 2019: $1,3962019Revenue 2020: $8,398Expenses 2020: $5,099Net Income 2020: $3,2992020Revenue 2021: $23,683Expenses 2021: $2,671Net Income 2021: $21,0122021Revenue 2022: $9,272Expenses 2022: $1,629Net Income 2022: $7,6432022Revenue 2023: $49,460Expenses 2023: $42,173Net Income 2023: $7,2872023Revenue 2024: $23,137Expenses 2024: $47,413Net Income 2024: -$24,2762024

Highlighted filing

2023

Revenue$49,460
Expenses$42,173
Net Income$7,287
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Mar 4, 2024
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lorna L HeygeDirectorPT$0--
Jeff SpickardDirectorPT$0--
Linda RobinsonDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Foundation for Music Based Learning
EIN
56-1853136
Phone
3362929516
Address
507 Arlington Street, Greensboro, NC 27406

Signing Officer

Name
Lorna L Heyge
Title
Director
Signed
2024-03-04
Discuss with paid preparer
Yes

Preparer

Firm
Krause Financial Group LLP
Address
195 Main St Ste 101, Woodbridge, NJ 07095
Preparer
George J Krause EA
Phone
7326365881
Raw XML Appendix250 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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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Woodbridge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007095
ReturnHeader/PreparerPersonGrp/PhoneNum07326365881
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0George J Krause EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-03-04T15:34:42-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Lorna L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Heyge
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$794,234
Liabilities
$1
Net assets
$794,234
Revenue
$49,460
Expenses
$42,173
Net income
$7,287
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.02$0.05$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.05$0.04$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.01$0.00$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.02$0.00$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.01$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.01$0.52$0.51
2017Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.27$0.32$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.03$0.48$0.46
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.44$0.26$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.05$0.05$0.01
2012Summary only. Only limited summary data is available for this year.$1.32$0.00$0.03$0.05$0.01
2011Summary only. Only limited summary data is available for this year.$1.34$0.00$0.26$0.04$0.22