Civic Intelligence

Visible Music College

990 • Fiscal year 2019 • EIN 62-1861520

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 20, 2020

Organization ProfileVISIBLE.EDU

View Organization Page

200 Madison AvenueMemphis, TN 38103

(901) 462-4137

Siviq Scores

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

Liabilities / Assets

79th percentile

0.63x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

1.68x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

40th percentile

0.8%

Higher net margin than 40% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$124,822

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

45th percentile

2.4%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

88th percentile

42%

Faster revenue growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$10,833,809

Up $253,249 (+2.4%) from 2018

Net Assets

Up

$4,026,155

Up $30,403 (+0.8%) from 2018

Liabilities

Up

$6,807,654

Up $222,846 (+3.4%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin40th percentile

Revenue

Up

$4,047,590

Up $1,206,462 (+42%) from 2018

Expenses

Up

$4,017,187

Up $423,585 (+12%) from 2018

Net Income

Up

$30,403

Up $782,877 (+104%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$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

2019

Assets$10,833,809
Liabilities$6,807,654
Net Assets$4,026,155
Open 2019 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$4,047,590
Expenses$4,017,187
Net Income$30,403
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 20, 2020
Return Version
2018v3.2
Gross Receipts
$4,047,590
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$9,771,705$9,489,449▼ $282,256
Pledges and Grants Receivable$394,549$653,310▲ $258,761
Accounts Receivable$276,803$543,282▲ $266,479
Cash and Non-Interest-Bearing Accounts$41,781$62,569▲ $20,788
Inventories for Sale or Use$50,234$50,414▲ $180
Total Assets$10,580,560$10,833,809▲ $253,249
Other Assets Total$45,488$34,785▼ $10,703
Liabilities
Unsecured Notes Loans Payable$6,344,649$6,555,190▲ $210,541
Accounts Payable and Accrued Expenses$115,147$135,700▲ $20,553
Deferred Revenue$125,012$116,764▼ $8,248
Total Liabilities$6,584,808$6,807,654▲ $222,846
Net Assets / Fund Balance
Unrestricted Net Assets$3,942,676$4,026,155▲ $83,479
Temporarily Rstr Net Assets$53,076--
Total Net Assets Fund Balance$3,995,752$4,026,155▲ $30,403
Total Liabilities and Net Assets / Fund Balance$10,580,560$10,833,809▲ $253,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,995,544$2,080,789$10,076,333
Equipment$1,149,176$310,923$1,460,099
Land$344,729-$344,729
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ken SteortsPresidentFT$121,621$3,201$124,822

Board Members and Trustees

NameTitle
Sarah HaizlipChair
Eliot MorrisVice Chair
Alison FranklinTrustee
Carey MooreTrustee
Charles LawingTrustee
Clay MccormackTrustee
Dave PrinceTrustee
Dr Steve MarodaTrustee
Jimmy VetetoTrustee
John DudasTrustee
Lee GibsonTrustee
Michael CrossTrustee
Mike OverlinTrustee
Paula BeasleyTrustee
Sheila WhalumSecretary
Kristian GluckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$744,910
Program Service Revenue
$3,150,758
Investment Income
$0
Other Revenue
$151,922
All Other Contributions
$744,910
Change in Net Assets
$30,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,047,590
Revenue Not Reported on Form 990
$53,076
Total Revenue per Audited Statements
$4,100,666
Total Revenue per Form 990
$4,047,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,334,359
Other Expenses$1,682,828
Total Fundraising Expense$477,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,265,002$667,603$401,754$2,334,359
Occupancy$405,538--$405,538
Depreciation Depletion$348,450--$348,450
Interest$286,788--$286,788
Information Technology$98,111$43,511-$141,622
Office Expenses-$124,781-$124,781
Advertising$25,285-$75,557$100,842
Travel$97,797--$97,797
Insurance-$66,443-$66,443
Fees for Services Other$37,090--$37,090
Other Expenses$25,987$13,468-$13,468
Total Functional Expenses$2,624,070$915,806$477,311$4,017,187

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,017,187
Total Expenses per Audited Statements$4,017,187
Total Expenses per Form 990$4,017,187
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
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 chair of the board of trustees and finance committee review the 990 before filing”

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

“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 19

“The organization makes it financial statements available through guidestar”

Filing and Contact Details

Filer

Filer Name
Visible School Inc
EIN
62-1861520
Phone
9014624137
Address
200 MADISON AVENUE, MEMPHIS, TN 38103
Doing Business As
Visible Music College

Signing Officer

Name
Ken Steorts
Title
President
Phone
9014624137
Signed
2020-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Steorts
Formed
2000
Legal Domicile
Tn
Voting Board Members
17
Independent Board Members
16
Employees
79

Preparer

Firm
R Michael Labounty & Associates
Address
2750 BUFORD HWY STE 247, ATLANTA, GA 30324
Preparer
Lisa H Dial
Phone
4046366272
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The institution is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The institution qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). Income from certain activities not directly related to the institution's tax-exempt purpose is subject to taxation as unrelated business income. The institution believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The institution's income tax returns are subject to examination by the appropriate regulatory authorities, and as of june 30, 2019, the institution's federal tax returns remain open to examination for the last three (3) years.”

Schedule D, Page 4, Part XI, Line 2D

“Released restrictions 53,076”

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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04047590
IRS990/GrossRentsGrp/RealAmt052450
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt043511
IRS990/InformationTechnologyGrp/ProgramServicesAmt098111
IRS990/InformationTechnologyGrp/TotalAmt0141622
IRS990/InsuranceGrp/ManagementAndGeneralAmt066443
IRS990/InsuranceGrp/TotalAmt066443
IRS990/InterestGrp/ProgramServicesAmt0286788
IRS990/InterestGrp/TotalAmt0286788
IRS990/InventoriesForSaleOrUseGrp/BOYAmt050234
IRS990/InventoriesForSaleOrUseGrp/EOYAmt050414
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02391712
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09771705
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09489449
IRS990/LandBldgEquipCostOrOtherBssAmt011881161
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03995752
IRS990/NetAssetsOrFundBalancesEOYAmt04026155
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt052450
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt052450
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0405538
IRS990/OccupancyGrp/TotalAmt0405538
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0124781
IRS990/OfficeExpensesGrp/TotalAmt0124781
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt045488
IRS990/OtherAssetsTotalGrp/EOYAmt034785
IRS990/OtherExpensesGrp/Desc0ADMISSIONS EXPENSE
IRS990/OtherExpensesGrp/Desc1ACCREDITATION FEES
IRS990/OtherExpensesGrp/Desc2TAX EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013468
IRS990/OtherExpensesGrp/ProgramServicesAmt034022
IRS990/OtherExpensesGrp/ProgramServicesAmt125987
IRS990/OtherExpensesGrp/TotalAmt034022
IRS990/OtherExpensesGrp/TotalAmt125987
IRS990/OtherExpensesGrp/TotalAmt213468
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt099472
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt099472
IRS990/OtherRevenueTotalAmt099472
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0401754
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0667603
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01265002
IRS990/OtherSalariesAndWagesGrp/TotalAmt02334359
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0394549
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0653310
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KEN STEORTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1DORMITORY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02566092
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1584666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02566092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1584666
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0548491
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01722061
IRS990/PYOtherRevenueAmt066542
IRS990/PYProgramServiceRevenueAmt02226095
IRS990/PYRevenuesLessExpensesAmt0-752474
IRS990/PYSalariesCompEmpBnftPaidAmt01871541
IRS990/PYTotalExpensesAmt03593602
IRS990/PYTotalRevenueAmt02841128
IRS990/ReconcilationRevenueExpnssAmt030403
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt052450
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03150758
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt07995544
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02080789
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010076333
IRS990ScheduleD/EquipmentGrp/BookValueAmt01149176
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0310923
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01460099
IRS990ScheduleD/ExpensesSubtotalAmt04017187
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0344729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0344729
IRS990ScheduleD/OtherRevenueAmt053076
IRS990ScheduleD/RevenueNotReportedAmt053076
IRS990ScheduleD/RevenueSubtotalAmt04047590
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INSTITUTION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE INSTITUTION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE INSTITUTION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE INSTITUTION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE REGULATORY AUTHORITIES, AND AS OF JUNE 30, 2019, THE INSTITUTION'S FEDERAL TAX RETURNS REMAIN OPEN TO EXAMINATION FOR THE LAST THREE (3) YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RELEASED RESTRICTIONS 53,076
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09489449
IRS990ScheduleD/TotalExpensesPerForm990Amt04017187
IRS990ScheduleD/TotalRevenuePerForm990Amt04047590
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04100666
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04017187
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 SCHOOLS 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 CHAIR OF THE BOARD OF TRUSTEES AND FINANCE COMMITTEE REVIEW THE 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VISIBLE 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 ORGANIZATION MAKES IT FINANCIAL STATEMENTS AVAILABLE THROUGH GUIDESTAR
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 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt053076
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010580560
IRS990/TotalAssetsEOYAmt010833809
IRS990/TotalAssetsGrp/BOYAmt010580560
IRS990/TotalAssetsGrp/EOYAmt010833809
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0744910
IRS990/TotalEmployeeCnt079
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0477311
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0915806
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02624070
IRS990/TotalFunctionalExpensesGrp/TotalAmt04017187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06584808
IRS990/TotalLiabilitiesEOYAmt06807654
IRS990/TotalLiabilitiesGrp/BOYAmt06584808
IRS990/TotalLiabilitiesGrp/EOYAmt06807654
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03995752
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04026155

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,833,809
Liabilities
$6,807,654
Net assets
$4,026,155
Revenue
$4,047,590
Expenses
$4,017,187
Net income
$30,403
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