Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
14th percentile
Higher top officer pay than 14% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
Assets
Down$10,671,207
Down $92,828 (-0.9%) from 2020
Net Assets
Down$3,076,923
Down $492,801 (-14%) from 2020
Liabilities
Up$7,594,284
Up $399,973 (+5.6%) from 2020
Revenue
Up$4,938,373
Up $1,137,504 (+30%) from 2020
Expenses
Up$5,748,839
Up $1,491,539 (+35%) from 2020
Net Income
Down-$810,466
Down $354,035 (-78%) from 2020
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $9,180,856 | $8,867,544 | ▼ $313,312 |
| Cash and Non-Interest-Bearing Accounts | $472,581 | $658,202 | ▲ $185,621 |
| Accounts Receivable | $956,067 | $513,698 | ▼ $442,369 |
| Pledges and Grants Receivable | $126,238 | $200,000 | ▲ $73,762 |
| Prepaid Expenses and Deferred Charges | $54,404 | $43,096 | ▼ $11,308 |
| Inventories for Sale or Use | $35,478 | $39,988 | ▲ $4,510 |
| Total Assets | $11,072,279 | $10,671,207 | ▼ $401,072 |
| Other Assets Total | $246,655 | $348,679 | ▲ $102,024 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $6,912,794 | $6,984,763 | ▲ $71,969 |
| Deferred Revenue | $125,955 | $352,209 | ▲ $226,254 |
| Accounts Payable and Accrued Expenses | $146,141 | $257,312 | ▲ $111,171 |
| Total Liabilities | $7,184,890 | $7,594,284 | ▲ $409,394 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,887,389 | $3,049,140 | ▼ $838,249 |
| Net Assets With Donor Restrictions | - | $27,783 | - |
| Total Net Assets Fund Balance | $3,887,389 | $3,076,923 | ▼ $810,466 |
| Total Liabilities and Net Assets / Fund Balance | $11,072,279 | $10,671,207 | ▼ $401,072 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $7,446,926 | $2,530,034 | $9,976,960 |
| Equipment | $1,075,889 | $402,678 | $1,478,567 |
| Land | $344,729 | - | $344,729 |
| Name | Title |
|---|---|
| Sarah Haizlip | Chair |
| Ken Steorts | President |
| Eliot Morris | Vice Chair |
| Alison Franklin | Director |
| Charles Lawing | Director |
| Clay Mccormack | Director |
| Dave Prince | Director |
| Dr Steve Maroda | Director |
| John Dudas | Director |
| Lee Gibson | Director |
| Michael Cross | Director |
| Mike Overlin | Director |
| Paula Beasley | Director |
| Susan Patterson | Director |
| Sheila Whalum | Secretary |
| Kristian Gluck | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $3,442,713 |
| Salaries, Compensation, and Employee Benefits | $2,306,126 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,576,021 | $365,916 | - | $1,941,937 |
| Fees for Services Other | $1,498,228 | - | - | $1,498,228 |
| Interest | - | $389,128 | - | $389,128 |
| Occupancy | $179,434 | $197,932 | - | $377,366 |
| Advertising | $7,412 | $368,825 | - | $376,237 |
| Other Employee Benefits | $196,097 | $49,024 | - | $245,121 |
| Depreciation Depletion | - | $239,098 | - | $239,098 |
| Payroll Taxes | $95,254 | $23,814 | - | $119,068 |
| Information Technology | $109,807 | - | - | $109,807 |
| Insurance | - | $91,318 | - | $91,318 |
| Other Expenses | $14,443 | $11,311 | - | $25,754 |
| All Other Expenses | $4,221 | $20,649 | - | $24,870 |
| Fees for Services Accounting | - | $17,602 | - | $17,602 |
| Office Expenses | - | $10,448 | - | $10,448 |
| Travel | $10,205 | - | - | $10,205 |
| Total Functional Expenses | $3,934,504 | $1,814,335 | $0 | $5,748,839 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The institution's process is for the board of trustees and finance committee to review and approve the form 990 prior to filing.”
“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.”
“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.”
“The institution makes its financial statements available throught guidestar or upon request from the public.”
“Contract expense 1,498,228 0 0”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 146141 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 257312 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 956067 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 513698 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 368825 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 7412 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 376237 |
| IRS990/AllOtherContributionsAmt | 0 | 1392656 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 20649 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 4221 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 24870 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | BEN RAWLEY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9013813939 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 200 MADISON AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MEMPHIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38103 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 472581 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 658202 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1392656 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 3442713 |
| IRS990/CYOtherRevenueAmt | 0 | 224400 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 3321317 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -810466 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2306126 |
| IRS990/CYTotalExpensesAmt | 0 | 5748839 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4938373 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 125955 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 352209 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 239098 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 239098 |
| IRS990/Desc | 0 | SEVERAL ACADEMIC PROGRAMS ARE OFFERED AT VISIBLE MUSIC COLLEGE: MODERN MUSIC, MUSIC BUSINESS, MUSIC PRODUCTION, CREATIVE LEADERSHIP, ACTING, DANCE, FULL STACK WEB DEVELOPMENT. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 27783 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 94 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 3934504 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 17602 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 17602 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 1498228 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1498228 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 60.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | PAULA BEASLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MICHAEL CROSS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JOHN DUDAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ALISON FRANKLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | LEE GIBSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KRISTIAN GLUCK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | SARAH HAIZLIP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | CHARLES LAWING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DR STEVE MARODA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | ELIOT MORRIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | CLAY MCCORMACK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | MIKE OVERLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | SUSAN PATTERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | DAVE PRINCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | SHEILA WHALUM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | KEN STEORTS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2000 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 4938373 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 109807 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 109807 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 91318 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 91318 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 389128 |
| IRS990/InterestGrp/TotalAmt | 0 | 389128 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 35478 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 39988 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 11 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2932712 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 9180856 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 8867544 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 11800256 |
| IRS990/LegalDomicileStateCd | 0 | TN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3887389 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3076923 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3887389 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3049140 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 197932 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 179434 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 377366 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 10448 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 10448 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 246655 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 348679 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 49024 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 196097 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 245121 |
| IRS990/OtherExpensesGrp/Desc | 0 | EDUCATIONAL MATERIALS |
| IRS990/OtherExpensesGrp/Desc | 1 | ACCREDITATION |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 29270 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 11311 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 195653 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 47729 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 14443 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 195653 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 47729 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 29270 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 25754 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | PRODUCTION INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 224400 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 224400 |
| IRS990/OtherRevenueTotalAmt | 0 | 224400 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 365916 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1576021 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1941937 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 23814 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 95254 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 119068 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 126238 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 200000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 54404 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 43096 |
| IRS990/PrincipalOfficerNm | 0 | KEN STEORTS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM TUITION AND FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3321317 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3321317 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 381933 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 1677632 |
| IRS990/PYOtherRevenueAmt | 0 | 140983 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3376212 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -138766 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2360262 |
| IRS990/PYTotalExpensesAmt | 0 | 4037894 |
| IRS990/PYTotalRevenueAmt | 0 | 3899128 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -810466 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 3321317 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 7446926 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2530034 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 9976960 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1075889 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 402678 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1478567 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 344729 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 344729 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 8867544 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE INFORMATION IS PUBLISHED IN THE SCHOOL'S CATALOG THAT IS GIVEN TO ALL PROSPECTIVE STUDENTS. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE INSTITUTION PARTICIPATES IN THE STUDENT FINANCIAL AID PROGRAMS OF TITLE IV ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE INSTITUTION'S PROCESS IS FOR THE BOARD OF TRUSTEES AND FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE INSTITUTION MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGHT GUIDESTAR OR UPON REQUEST FROM THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CONTRACT EXPENSE 1,498,228 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 11G |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 11072279 |
| IRS990/TotalAssetsEOYAmt | 0 | 10671207 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 11072279 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 10671207 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 1392656 |
| IRS990/TotalEmployeeCnt | 0 | 94 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 1814335 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 3934504 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 5748839 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 7184890 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 7594284 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 7184890 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 7594284 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 3887389 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 3076923 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 3934504 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 3321317 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 224400 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3321317 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 4938373 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 11072279 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 10671207 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 10205 |
| IRS990/TravelGrp/TotalAmt | 0 | 10205 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 6912794 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 6984763 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 200 MADISON AVENUE |
| IRS990/USAddress/CityNm | 0 | MEMPHIS |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.