Civic Intelligence

Visible Music College

EIN 62-1861520 • 501(c)3 • Memphis, TN

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Profile

Visible music college will train and equip artists, technicians, and business professionals for service in the christian music industry or in service to a church.

200 Madison AvenueMemphis, TN 38103

www.visible.edu

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

94th percentile

4.05x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

19th percentile

-10%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

29th percentile

-1.2%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$9,368,122

Down $237,762 (-2.5%) from 2024

Liabilities

Down

$9,337,035

Down $421,340 (-4.3%) from 2024

Net Assets

Up

$31,087

Up $183,578 (+120%) from 2024

Operations
Liabilities / Revenue94th percentileNet Margin19th percentile

Revenue

Down

$2,304,094

Down $1,851,737 (-45%) from 2024

Expenses

Down

$2,544,670

Down $3,026,259 (-54%) from 2024

Net Income

Up

-$240,576

Up $1,174,522 (+83%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $1,818,831Liabilities 2010: $436,058Net Assets 2010: $1,382,7732010Assets 2011: $2,933,933Liabilities 2011: $754,423Net Assets 2011: $2,179,5102011Assets 2012: $4,710,493Liabilities 2012: $2,664,920Net Assets 2012: $2,045,5732012Assets 2013: $5,476,051Liabilities 2013: $2,782,413Net Assets 2013: $2,693,6382013Assets 2014: $6,279,941Liabilities 2014: $3,584,884Net Assets 2014: $2,695,0572014Assets 2015: $7,206,513Liabilities 2015: $4,336,663Net Assets 2015: $2,869,8502015Assets 2016: $9,508,841Liabilities 2016: $5,071,112Net Assets 2016: $4,437,7292016Assets 2017: $10,808,630Liabilities 2017: $6,060,404Net Assets 2017: $4,748,2262017Assets 2018: $10,580,560Liabilities 2018: $6,584,808Net Assets 2018: $3,995,7522018Assets 2019: $10,833,809Liabilities 2019: $6,807,654Net Assets 2019: $4,026,1552019Assets 2020: $10,764,035Liabilities 2020: $7,194,311Net Assets 2020: $3,569,7242020Assets 2021: $10,671,207Liabilities 2021: $7,594,284Net Assets 2021: $3,076,9232021Assets 2022: $10,569,871Liabilities 2022: $8,102,686Net Assets 2022: $2,467,1852022Assets 2023: $9,599,198Liabilities 2023: $8,340,089Net Assets 2023: $1,259,1092023Assets 2024: $9,605,884Liabilities 2024: $9,758,375Net Assets 2024: -$152,4912024Assets 2025: $9,368,122Liabilities 2025: $9,337,035Net Assets 2025: $31,0872025

Highlighted filing

2025

Assets$9,368,122
Liabilities$9,337,035
Net Assets$31,087
Open 2025 Filing

Operations Trend

Revenue Growth9th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,556,0222010Revenue 2011: $3,000,644Expenses 2011: $2,203,907Net Income 2011: $796,7372011Revenue 2012: $3,863,711Expenses 2012: $3,997,648Net Income 2012: -$133,9372012Revenue 2013: $4,133,765Expenses 2013: $3,485,700Net Income 2013: $648,0652013Revenue 2014: $3,370,728Expenses 2014: $3,369,309Net Income 2014: $1,4192014Revenue 2015: $3,990,275Expenses 2015: $3,815,482Net Income 2015: $174,7932015Revenue 2016: $5,527,240Expenses 2016: $3,959,361Net Income 2016: $1,567,8792016Revenue 2017: $4,062,989Expenses 2017: $3,752,492Net Income 2017: $310,4972017Revenue 2018: $2,841,128Expenses 2018: $3,593,602Net Income 2018: -$752,4742018Revenue 2019: $4,047,590Expenses 2019: $4,017,187Net Income 2019: $30,4032019Revenue 2020: $3,800,869Expenses 2020: $4,257,300Net Income 2020: -$456,4312020Revenue 2021: $4,938,373Expenses 2021: $5,748,839Net Income 2021: -$810,4662021Revenue 2022: $5,534,233Expenses 2022: $6,078,138Net Income 2022: -$543,9052022Revenue 2023: $4,711,667Expenses 2023: $5,929,262Net Income 2023: -$1,217,5952023Revenue 2024: $4,155,831Expenses 2024: $5,570,929Net Income 2024: -$1,415,0982024Revenue 2025: $2,304,094Expenses 2025: $2,544,670Net Income 2025: -$240,5762025

Highlighted filing

2025

Revenue$2,304,094
Expenses$2,544,670
Net Income-$240,576
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,368,122
Liabilities
$9,337,035
Net assets
$31,087
Revenue
$2,304,094
Expenses
$2,544,670
Net income
-$240,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.37$9.34$0.03$2.30$2.54$0.24
2024Detailed filing. Detailed filing data is available for this year.$9.61$9.76$0.15$4.16$5.57$1.42
2023Detailed filing. Detailed filing data is available for this year.$9.60$8.34$1.26$4.71$5.93$1.22
2022Detailed filing. Detailed filing data is available for this year.$10.6$8.10$2.47$5.53$6.08$0.54
2021Detailed filing. Detailed filing data is available for this year.$10.7$7.59$3.08$4.94$5.75$0.81
2020Detailed filing. Detailed filing data is available for this year.$10.8$7.19$3.57$3.80$4.26$0.46
2019Detailed filing. Detailed filing data is available for this year.$10.8$6.81$4.03$4.05$4.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$10.6$6.58$4.00$2.84$3.59$0.75
2017Summary only. Only limited summary data is available for this year.$10.8$6.06$4.75$4.06$3.75$0.31
2016Summary only. Only limited summary data is available for this year.$9.51$5.07$4.44$5.53$3.96$1.57
2015Summary only. Only limited summary data is available for this year.$7.21$4.34$2.87$3.99$3.82$0.17
2014Summary only. Only limited summary data is available for this year.$6.28$3.58$2.70$3.37$3.37$0.00
2013Summary only. Only limited summary data is available for this year.$5.48$2.78$2.69$4.13$3.49$0.65
2012Summary only. Only limited summary data is available for this year.$4.71$2.66$2.05$3.86$4.00$0.13
2011Summary only. Only limited summary data is available for this year.$2.93$0.75$2.18$3.00$2.20$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.44$1.38$2.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 12, 2025
Return Version
2024v5.0
Gross Receipts
$2,304,094
Mission and Program Overview

Mission

Visible music college will train and equip artists, technicians, and business professionals for service in the christian music industry or in service to a church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,399,731$8,159,731▼ $240,000
Cash and Non-Interest-Bearing Accounts$570,759$537,099▼ $33,660
Accounts Receivable$368,057$385,576▲ $17,519
Pledges and Grants Receivable$204,200$225,614▲ $21,414
Inventories for Sale or Use$38,545$34,988▼ $3,557
Prepaid Expenses and Deferred Charges$13,104$13,104→ $0
Total Assets$9,605,884$9,368,122▼ $237,762
Other Assets Total$11,488$12,010▲ $522
Liabilities
Unsecured Notes Loans Payable$7,790,724$7,811,981▲ $21,257
Accounts Payable and Accrued Expenses$1,543,497$1,525,054▼ $18,443
Other Liabilities$424,154--
Total Liabilities$9,758,375$9,337,035▼ $421,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-152,491$31,087▲ $183,578
Total Net Assets Fund Balance$-152,491$31,087▲ $183,578
Total Liabilities and Net Assets / Fund Balance$9,605,884$9,368,122▼ $237,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,127,768$3,026,214$10,153,982
Equipment$687,234$866,498$1,553,732
Land$344,729-$344,729
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Ken SteortsPresidentFT$126,400$126,400

Board Members and Trustees

NameTitle
Paula BeasleyChair
Cameron HarveyDirector
John DudasDirector
Lee GibsonDirector
Michael CooperDirector
Sheila WhalumDirector
Steve McintyreDirector
Tina TiltonDirector
Will NorrisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$464,668
Program Service Revenue
$1,835,986
Investment Income
$3,440
Other Revenue
$0
All Other Contributions
$464,668
Change in Net Assets
$-240,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,304,094
Total Revenue per Audited Statements
$2,304,094
Total Revenue per Form 990
$2,304,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,319,075
Salaries, Compensation, and Employee Benefits$1,225,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$876,979$151,014-$1,027,993
Depreciation Depletion-$240,000-$240,000
Occupancy$57,631$177,311-$234,942
Fees for Services Other$183,382--$183,382
Interest-$166,436-$166,436
Current Officers, Directors, Trustees, and Key Employees$126,400--$126,400
Insurance-$105,204-$105,204
Advertising-$72,474-$72,474
Information Technology$59,077--$59,077
Fees for Services Legal-$49,722-$49,722
Other Employee Benefits$31,675$7,919-$39,594
Payroll Taxes$25,286$6,322-$31,608
Other Expenses$10,869$12,253-$23,122
All Other Expenses$3,066$13,995-$17,061
Travel$7,806--$7,806
Office Expenses-$3,330-$3,330
Total Functional Expenses$1,499,390$1,045,280$0$2,544,670

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,544,670
Total Expenses per Audited Statements$2,544,670
Total Expenses per Form 990$2,544,670
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The institution's process is for the board of trustees and finance committee to review and approve the form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Enforcement of conflicts policy visible music college aims to be clear of any hint of improper handling of business. Any staff member who wishes to disclose an illegal activity may do so to the president of the college without repercussion related to their job. If the illegal activity involves the president, he or she may approach the chair of the board of trustees in writing without fear of dismissal. Separate from the standard grievance policy, a person who considers themselves to have proof of an illegal activity at the college may approach the president or board chair with this informaiton directly.”

Form 990, Page 6, Part VI, Line 15A

“The president of the institution approves the salaries and compensation of each department head. Each department head approves the salaries and compensation of their subordinates. The president's salary is reviewed by the board of trustees and/or their finance committee.”

Form 990, Page 6, Part VI, Line 19

“The institution makes its financial statements available throught guidestar or upon request from the public.”

Filing and Contact Details

Filer

Filer Name
Visible Music College
EIN
62-1861520
Phone
9014624137
Address
200 MADISON AVENUE, MEMPHIS, TN 38103

Signing Officer

Name
Ken Steorts
Title
President
Phone
9013813939
Signed
2025-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Steorts
Formed
2000
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
69

Preparer

Firm
Newsom and Associates Pa
Address
12740 ATLANTIC BLVD STE 7, JACKSONVILLE, FL 32225
Preparer
C Scott Newsom
Phone
9043200572
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Gain on debt forgiveness 424,154”

Raw XML AppendixShowing 400 of 402 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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IRS990/MissionDesc0VISIBLE MUSIC COLLEGE WILL TRAIN AND EQUIP ARTISTS, TECHNICIANS, AND BUSINESS PROFESSIONALS FOR SERVICE IN THE CHRISTIAN MUSIC INDUSTRY OR IN SERVICE TO A CHURCH.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-152491
IRS990/NetAssetsOrFundBalancesEOYAmt031087
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-152491
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt031087
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0177311
IRS990/OccupancyGrp/ProgramServicesAmt057631
IRS990/OccupancyGrp/TotalAmt0234942
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03330
IRS990/OfficeExpensesGrp/TotalAmt03330
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011488
IRS990/OtherAssetsTotalGrp/EOYAmt012010
IRS990/OtherChangesInNetAssetsAmt0424154
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07919
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031675
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039594
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2ACCREDITATION
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03476
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt135824
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212253
IRS990/OtherExpensesGrp/ProgramServicesAmt091315
IRS990/OtherExpensesGrp/ProgramServicesAmt125904
IRS990/OtherExpensesGrp/ProgramServicesAmt210869
IRS990/OtherExpensesGrp/TotalAmt094791
IRS990/OtherExpensesGrp/TotalAmt135824
IRS990/OtherExpensesGrp/TotalAmt225904
IRS990/OtherExpensesGrp/TotalAmt323122
IRS990/OtherLiabilitiesGrp/BOYAmt0424154
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0151014
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0876979
IRS990/OtherSalariesAndWagesGrp/TotalAmt01027993
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06322
IRS990/PayrollTaxesGrp/ProgramServicesAmt025286
IRS990/PayrollTaxesGrp/TotalAmt031608
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0204200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0225614
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013104
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013104
IRS990/PrincipalOfficerNm0KEN STEORTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SCHOLARSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01924269
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1157699
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2-245982
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01924269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1157699
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2-245982
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0755154
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03696176
IRS990/PYProgramServiceRevenueAmt03400677
IRS990/PYRevenuesLessExpensesAmt0-1415098
IRS990/PYSalariesCompEmpBnftPaidAmt01874753
IRS990/PYTotalExpensesAmt05570929
IRS990/PYTotalRevenueAmt04155831
IRS990/ReconcilationRevenueExpnssAmt0-240576
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07127768
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03026214
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010153982
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0687234
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0866498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01553732
IRS990ScheduleD/ExpensesSubtotalAmt02544670
IRS990ScheduleD/LandGrp/BookValueAmt0344729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0344729
IRS990ScheduleD/RevenueSubtotalAmt02304094
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08159731
IRS990ScheduleD/TotalExpensesPerForm990Amt02544670
IRS990ScheduleD/TotalRevenuePerForm990Amt02304094
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02304094
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02544670
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE INFORMATION IS PUBLISHED IN THE SCHOOL'S CATALOG THAT IS GIVEN TO ALL PROSPECTIVE STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTION PARTICIPATES IN THE STUDENT FINANCIAL AID PROGRAMS OF TITLE IV ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTION'S PROCESS IS FOR THE BOARD OF TRUSTEES AND FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY VISIBLE MUSIC COLLEGE AIMS TO BE CLEAR OF ANY HINT OF IMPROPER HANDLING OF BUSINESS. ANY STAFF MEMBER WHO WISHES TO DISCLOSE AN ILLEGAL ACTIVITY MAY DO SO TO THE PRESIDENT OF THE COLLEGE WITHOUT REPERCUSSION RELATED TO THEIR JOB. IF THE ILLEGAL ACTIVITY INVOLVES THE PRESIDENT, HE OR SHE MAY APPROACH THE CHAIR OF THE BOARD OF TRUSTEES IN WRITING WITHOUT FEAR OF DISMISSAL. SEPARATE FROM THE STANDARD GRIEVANCE POLICY, A PERSON WHO CONSIDERS THEMSELVES TO HAVE PROOF OF AN ILLEGAL ACTIVITY AT THE COLLEGE MAY APPROACH THE PRESIDENT OR BOARD CHAIR WITH THIS INFORMAITON DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT OF THE INSTITUTION APPROVES THE SALARIES AND COMPENSATION OF EACH DEPARTMENT HEAD. EACH DEPARTMENT HEAD APPROVES THE SALARIES AND COMPENSATION OF THEIR SUBORDINATES. THE PRESIDENT'S SALARY IS REVIEWED BY THE BOARD OF TRUSTEES AND/OR THEIR FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INSTITUTION MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGHT GUIDESTAR OR UPON REQUEST FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GAIN ON DEBT FORGIVENESS 424,154
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09605884
IRS990/TotalAssetsEOYAmt09368122
IRS990/TotalAssetsGrp/BOYAmt09605884
IRS990/TotalAssetsGrp/EOYAmt09368122
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0464668
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01045280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01499390
IRS990/TotalFunctionalExpensesGrp/TotalAmt02544670
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09758375
IRS990/TotalLiabilitiesEOYAmt09337035
IRS990/TotalLiabilitiesGrp/BOYAmt09758375
IRS990/TotalLiabilitiesGrp/EOYAmt09337035
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-152491
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt031087
IRS990/TotalProgramServiceExpensesAmt01499390
IRS990/TotalProgramServiceRevenueAmt01835986
IRS990/TotalReportableCompFromOrgAmt0126400
IRS990/TotalRevenueGrp/ExclusionAmt03440
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01835986
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02304094
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09605884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09368122
IRS990/TravelGrp/ProgramServicesAmt07806
IRS990/TravelGrp/TotalAmt07806
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt07790724
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt07811981
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 MADISON AVENUE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038103
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.VISIBLE.EDU
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN STEORTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09013813939
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISIBLE MUSIC COLLEGE
ReturnHeader/Filer/BusinessNameControlTxt0VISI
ReturnHeader/Filer/EIN0621861520
ReturnHeader/Filer/PhoneNum09014624137
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 MADISON AVENUE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038103
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812979526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEWSOM AND ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012740 ATLANTIC BLVD STE 7
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032225
ReturnHeader/PreparerPersonGrp/PhoneNum09043200572
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C SCOTT NEWSOM
ReturnHeader/ReturnTs02026-02-12T14:54:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01

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