Civic Intelligence

Visible Music College

990 • Fiscal year 2023 • EIN 62-1861520

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

Organization ProfileWWW.VISIBLE.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

91st percentile

0.87x

Higher debt load relative to assets than 91% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.77x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$147,861

Higher top officer pay than 59% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

11th percentile

-9.2%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-15%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$9,599,198

Down $970,673 (-9.2%) from 2022

Net Assets

Down

$1,259,109

Down $1,208,076 (-49%) from 2022

Liabilities

Up

$8,340,089

Up $237,403 (+2.9%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin12th percentile

Revenue

Down

$4,711,667

Down $822,566 (-15%) from 2022

Expenses

Down

$5,929,262

Down $148,876 (-2.4%) from 2022

Net Income

Down

-$1,217,595

Down $673,690 (-124%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2023

Assets$9,599,198
Liabilities$8,340,089
Net Assets$1,259,109
Open 2023 Filing

Operations Trend

Revenue Growth21st 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

2023

Revenue$4,711,667
Expenses$5,929,262
Net Income-$1,217,595
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$4,711,667
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$8,787,594$8,637,374▼ $150,220
Cash and Non-Interest-Bearing Accounts$733,985$428,016▼ $305,969
Accounts Receivable$517,706$281,991▼ $235,715
Pledges and Grants Receivable$200,000$200,000→ $0
Inventories for Sale or Use$34,988$33,417▼ $1,571
Prepaid Expenses and Deferred Charges$22,800$7,500▼ $15,300
Total Assets$10,569,871$9,599,198▼ $970,673
Other Assets Total$272,798$10,900▼ $261,898
Liabilities
Unsecured Notes Loans Payable$7,548,252$7,665,783▲ $117,531
Accounts Payable and Accrued Expenses$363,359$674,306▲ $310,947
Deferred Revenue$191,075--
Total Liabilities$8,102,686$8,340,089▲ $237,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,467,185$1,259,109▼ $1,208,076
Total Net Assets Fund Balance$2,467,185$1,259,109▼ $1,208,076
Total Liabilities and Net Assets / Fund Balance$10,569,871$9,599,198▼ $970,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,365,858$2,788,124$10,153,982
Equipment$926,787$624,588$1,551,375
Land$344,729-$344,729
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ken SteortsPresidentFT$147,861$147,861

Board Members and Trustees

NameTitle
Paula BeasleyChair
Cameron HarveyDirector
Clay MccormackDirector
Eliot MorrisDirector
John DudasDirector
Lee GibsonDirector
Michael CooperDirector
Steve McintyreDirector
Will NorrisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,196,116
Program Service Revenue
$3,515,551
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,196,116
Change in Net Assets
$-1,217,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,711,667
Total Revenue per Audited Statements
$4,711,667
Total Revenue per Form 990
$4,711,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,827,027
Salaries, Compensation, and Employee Benefits$2,102,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,404,384$304,475-$1,708,859
Fees for Services Other$1,289,696--$1,289,696
Interest-$659,390-$659,390
Advertising$3,389$400,294-$403,683
Occupancy$124,626$218,324-$342,950
Depreciation Depletion-$247,590-$247,590
Current Officers, Directors, Trustees, and Key Employees$147,861--$147,861
Payroll Taxes$100,860$25,215-$126,075
Other Employee Benefits$95,552$23,888-$119,440
Insurance-$85,983-$85,983
All Other Expenses$13,839$64,657-$78,496
Fees for Services Legal-$75,488-$75,488
Information Technology$65,684--$65,684
Other Expenses$57,335$-17,900-$57,335
Travel$18,576--$18,576
Fees for Services Accounting-$15,850-$15,850
Office Expenses-$7,286-$7,286
Total Functional Expenses$3,465,286$2,463,976$0$5,929,262

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,929,262
Total Expenses per Audited Statements$5,929,262
Total Expenses per Form 990$5,929,262
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
2024-04-15
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
98

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 1,289,696 0 0”

Raw XML Appendix396 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/OtherExpensesGrp/TotalAmt0209136
IRS990/OtherExpensesGrp/TotalAmt1144300
IRS990/OtherExpensesGrp/TotalAmt2125584
IRS990/OtherExpensesGrp/TotalAmt357335
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200000
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03515551
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IRS990/PYContributionsGrantsAmt0645161
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IRS990/PYOtherExpensesAmt03801363
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IRS990/PYRevenuesLessExpensesAmt0-543905
IRS990/PYSalariesCompEmpBnftPaidAmt02276775
IRS990/PYTotalExpensesAmt06078138
IRS990/PYTotalRevenueAmt05534233
IRS990/ReconcilationRevenueExpnssAmt0-1217595
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03515551
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02788124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010153982
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0926787
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0624588
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01551375
IRS990ScheduleD/ExpensesSubtotalAmt05929262
IRS990ScheduleD/LandGrp/BookValueAmt0344729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0344729
IRS990ScheduleD/RevenueSubtotalAmt04711667
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08637374
IRS990ScheduleD/TotalExpensesPerForm990Amt05929262
IRS990ScheduleD/TotalRevenuePerForm990Amt04711667
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04711667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05929262
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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 1,289,696 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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010569871
IRS990/TotalAssetsEOYAmt09599198
IRS990/TotalAssetsGrp/BOYAmt010569871
IRS990/TotalAssetsGrp/EOYAmt09599198
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01196116
IRS990/TotalEmployeeCnt098
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02463976
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03465286
IRS990/TotalFunctionalExpensesGrp/TotalAmt05929262
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08102686
IRS990/TotalLiabilitiesEOYAmt08340089
IRS990/TotalLiabilitiesGrp/BOYAmt08102686
IRS990/TotalLiabilitiesGrp/EOYAmt08340089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02467185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01259109
IRS990/TotalProgramServiceExpensesAmt03465286
IRS990/TotalProgramServiceRevenueAmt03515551
IRS990/TotalReportableCompFromOrgAmt0147861
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03515551
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04711667
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010569871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09599198
IRS990/TravelGrp/ProgramServicesAmt018576
IRS990/TravelGrp/TotalAmt018576
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt07548252
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt07665783
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN STEORTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09013813939
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-15
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/PreparationDt02024-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C SCOTT NEWSOM
ReturnHeader/ReturnTs02024-05-01T09:16:13-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEORTS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,599,198
Liabilities
$8,340,089
Net assets
$1,259,109
Revenue
$4,711,667
Expenses
$5,929,262
Net income
-$1,217,595
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