Civic Intelligence

Visible Music College

990 • Fiscal year 2021 • EIN 62-1861520

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 25, 2022

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

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

1.54x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

9th percentile

-16%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

20th percentile

-0.9%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

30%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

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

Historical Trend

Balance Sheet Trend

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

2021

Assets$10,671,207
Liabilities$7,594,284
Net Assets$3,076,923

Operations Trend

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

2021

Revenue$4,938,373
Expenses$5,748,839
Net Income-$810,466
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 25, 2022
Return Version
2020v4.0
Gross Receipts
$4,938,373
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$9,180,856$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 Categories

AssetBook ValueDepreciationBasis
Buildings$7,446,926$2,530,034$9,976,960
Equipment$1,075,889$402,678$1,478,567
Land$344,729-$344,729
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah HaizlipChair
Ken SteortsPresident
Eliot MorrisVice Chair
Alison FranklinDirector
Charles LawingDirector
Clay MccormackDirector
Dave PrinceDirector
Dr Steve MarodaDirector
John DudasDirector
Lee GibsonDirector
Michael CrossDirector
Mike OverlinDirector
Paula BeasleyDirector
Susan PattersonDirector
Sheila WhalumSecretary
Kristian GluckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,392,656
Program Service Revenue
$3,321,317
Investment Income
$0
Other Revenue
$224,400
All Other Contributions
$1,392,656
Change in Net Assets
$-810,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
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
2022-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Steorts
Formed
2000
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
94

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 IX, Line 11G

Contract expense 1,498,228 0 0

Raw XML AppendixShowing 400 of 436 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0146141
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0257312
IRS990/AccountsReceivableGrp/BOYAmt0956067
IRS990/AccountsReceivableGrp/EOYAmt0513698
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0VISIBLE 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/ManagementAndGeneralAmt0368825
IRS990/AdvertisingGrp/ProgramServicesAmt07412
IRS990/AdvertisingGrp/TotalAmt0376237
IRS990/AllOtherContributionsAmt01392656
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt020649
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04221
IRS990/AllOtherExpensesGrp/TotalAmt024870
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0BEN RAWLEY
IRS990/BooksInCareOfDetail/PhoneNum09013813939
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 MADISON AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038103
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0472581
IRS990/CashNonInterestBearingGrp/EOYAmt0658202
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01392656
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03442713
IRS990/CYOtherRevenueAmt0224400
IRS990/CYProgramServiceRevenueAmt03321317
IRS990/CYRevenuesLessExpensesAmt0-810466
IRS990/CYSalariesCompEmpBnftPaidAmt02306126
IRS990/CYTotalExpensesAmt05748839
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04938373
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0125955
IRS990/DeferredRevenueGrp/EOYAmt0352209
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0239098
IRS990/DepreciationDepletionGrp/TotalAmt0239098
IRS990/Desc0SEVERAL ACADEMIC PROGRAMS ARE OFFERED AT VISIBLE MUSIC COLLEGE: MODERN MUSIC, MUSIC BUSINESS, MUSIC PRODUCTION, CREATIVE LEADERSHIP, ACTING, DANCE, FULL STACK WEB DEVELOPMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt027783
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt094
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt03934504
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017602
IRS990/FeesForServicesAccountingGrp/TotalAmt017602
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01498228
IRS990/FeesForServicesOtherGrp/TotalAmt01498228
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0PAULA BEASLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL CROSS
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN DUDAS
IRS990/Form990PartVIISectionAGrp/PersonNm3ALISON FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm4LEE GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm5KRISTIAN GLUCK
IRS990/Form990PartVIISectionAGrp/PersonNm6SARAH HAIZLIP
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES LAWING
IRS990/Form990PartVIISectionAGrp/PersonNm8DR STEVE MARODA
IRS990/Form990PartVIISectionAGrp/PersonNm9ELIOT MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm10CLAY MCCORMACK
IRS990/Form990PartVIISectionAGrp/PersonNm11MIKE OVERLIN
IRS990/Form990PartVIISectionAGrp/PersonNm12SUSAN PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVE PRINCE
IRS990/Form990PartVIISectionAGrp/PersonNm14SHEILA WHALUM
IRS990/Form990PartVIISectionAGrp/PersonNm15KEN STEORTS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04938373
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0109807
IRS990/InformationTechnologyGrp/TotalAmt0109807
IRS990/InsuranceGrp/ManagementAndGeneralAmt091318
IRS990/InsuranceGrp/TotalAmt091318
IRS990/InterestGrp/ManagementAndGeneralAmt0389128
IRS990/InterestGrp/TotalAmt0389128
IRS990/InventoriesForSaleOrUseGrp/BOYAmt035478
IRS990/InventoriesForSaleOrUseGrp/EOYAmt039988
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02932712
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09180856
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08867544
IRS990/LandBldgEquipCostOrOtherBssAmt011800256
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/NetAssetsOrFundBalancesBOYAmt03887389
IRS990/NetAssetsOrFundBalancesEOYAmt03076923
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03887389
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03049140
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0197932
IRS990/OccupancyGrp/ProgramServicesAmt0179434
IRS990/OccupancyGrp/TotalAmt0377366
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010448
IRS990/OfficeExpensesGrp/TotalAmt010448
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0246655
IRS990/OtherAssetsTotalGrp/EOYAmt0348679
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049024
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0196097
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0245121
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1ACCREDITATION
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029270
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111311
IRS990/OtherExpensesGrp/ProgramServicesAmt0195653
IRS990/OtherExpensesGrp/ProgramServicesAmt147729
IRS990/OtherExpensesGrp/ProgramServicesAmt214443
IRS990/OtherExpensesGrp/TotalAmt0195653
IRS990/OtherExpensesGrp/TotalAmt147729
IRS990/OtherExpensesGrp/TotalAmt229270
IRS990/OtherExpensesGrp/TotalAmt325754
IRS990/OtherRevenueMiscGrp/Desc0PRODUCTION INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0224400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0224400
IRS990/OtherRevenueTotalAmt0224400
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0365916
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01576021
IRS990/OtherSalariesAndWagesGrp/TotalAmt01941937
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023814
IRS990/PayrollTaxesGrp/ProgramServicesAmt095254
IRS990/PayrollTaxesGrp/TotalAmt0119068
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0126238
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054404
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043096
IRS990/PrincipalOfficerNm0KEN STEORTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03321317
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03321317
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0381933
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01677632
IRS990/PYOtherRevenueAmt0140983
IRS990/PYProgramServiceRevenueAmt03376212
IRS990/PYRevenuesLessExpensesAmt0-138766
IRS990/PYSalariesCompEmpBnftPaidAmt02360262
IRS990/PYTotalExpensesAmt04037894
IRS990/PYTotalRevenueAmt03899128
IRS990/ReconcilationRevenueExpnssAmt0-810466
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03321317
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/BookValueAmt07446926
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02530034
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09976960
IRS990ScheduleD/EquipmentGrp/BookValueAmt01075889
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0402678
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01478567
IRS990ScheduleD/LandGrp/BookValueAmt0344729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0344729
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08867544
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/ExplanationTxt4CONTRACT EXPENSE 1,498,228 0 0
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 IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011072279
IRS990/TotalAssetsEOYAmt010671207
IRS990/TotalAssetsGrp/BOYAmt011072279
IRS990/TotalAssetsGrp/EOYAmt010671207
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01392656
IRS990/TotalEmployeeCnt094
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01814335
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03934504
IRS990/TotalFunctionalExpensesGrp/TotalAmt05748839
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07184890
IRS990/TotalLiabilitiesEOYAmt07594284
IRS990/TotalLiabilitiesGrp/BOYAmt07184890
IRS990/TotalLiabilitiesGrp/EOYAmt07594284
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03887389
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03076923
IRS990/TotalProgramServiceExpensesAmt03934504
IRS990/TotalProgramServiceRevenueAmt03321317
IRS990/TotalRevenueGrp/ExclusionAmt0224400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03321317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04938373
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011072279
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010671207
IRS990/TravelGrp/ProgramServicesAmt010205
IRS990/TravelGrp/TotalAmt010205
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt06912794
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt06984763
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 MADISON AVENUE
IRS990/USAddress/CityNm0MEMPHIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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