Civic Intelligence

The North Texas Music Foundation Inc

EIN 75-2229946 • 501(c)3 • Richardson, TX

Profile

The north texas music foundation believes that radio belongs to the american people, and should serve those people, giving alternative and independent diversified programming. The goal of the foundation is to put a radio station on the air that is run by the people of metropolitan dallas, and that will continue to be the property of the people for many years to come.

1933 ForestwoodRichardson, TX 75081

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-113169%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-95%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $254,631 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$0

Down $254,631 (-100%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$225

Down $4,257 (-95%) from 2019

Expenses

Up

$254,856

Up $154,371 (+154%) from 2019

Net Income

Down

-$254,631

Down $158,628 (-165%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$600K$400K$200K$0Assets 2010: $468,946Liabilities 2010: $02010Assets 2011: $385,443Liabilities 2011: $02011Assets 2012: $387,009Liabilities 2012: $02012Assets 2013: $390,584Liabilities 2013: $02013Assets 2014: $391,985Liabilities 2014: $02014Assets 2015: $346,976Liabilities 2015: $02015Assets 2016: $348,537Liabilities 2016: $02016Assets 2017: $349,858Liabilities 2017: $350Net Assets 2017: $349,5082017Assets 2018: $350,634Net Assets 2018: $350,6342018Assets 2019: $254,631Liabilities 2019: $0Net Assets 2019: $254,6312019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$400K$200K$0-$200K-$400KRevenue 2010: $6,583Expenses 2010: $490Net Income 2010: $6,0932010Revenue 2011: $3,602Expenses 2011: $87,105Net Income 2011: -$83,5032011Revenue 2012: $2,919Expenses 2012: $1,353Net Income 2012: $1,5662012Revenue 2013: $4,828Expenses 2013: $1,253Net Income 2013: $3,5752013Revenue 2014: $2,151Expenses 2014: $750Net Income 2014: $1,4012014Revenue 2015: $2,047Expenses 2015: $47,056Net Income 2015: -$45,0092015Revenue 2016: $1,911Expenses 2016: $350Net Income 2016: $1,5612016Revenue 2017: $2,174Expenses 2017: $1,203Net Income 2017: $9712017Revenue 2018: $3,182Expenses 2018: $2,056Net Income 2018: $1,1262018Revenue 2019: $4,482Expenses 2019: $100,485Net Income 2019: -$96,0032019Revenue 2020: $225Expenses 2020: $254,856Net Income 2020: -$254,6312020

Highlighted filing

2020

Revenue$225
Expenses$254,856
Net Income-$254,631
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$225
Expenses
$254,856
Net income
-$254,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$2.55$2.55
2019Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$0.04$1.00$0.96
2018Detailed filing. Detailed filing data is available for this year.$3.51$3.51$0.03$0.02$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.02$0.01$0.01
2016Summary only. Only limited summary data is available for this year.$3.49$0.00$0.02$0.00$0.02
2015Summary only. Only limited summary data is available for this year.$3.47$0.00$0.02$0.47$0.45
2014Summary only. Only limited summary data is available for this year.$3.92$0.00$0.02$0.01$0.01
2013Summary only. Only limited summary data is available for this year.$3.91$0.00$0.05$0.01$0.04
2012Summary only. Only limited summary data is available for this year.$3.87$0.00$0.03$0.01$0.02
2011Summary only. Only limited summary data is available for this year.$3.85$0.00$0.04$0.87$0.84
2010Summary only. Only limited summary data is available for this year.$4.69$0.00$0.07$0.00$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 9, 2021
Return Version
2020v4.0
Gross Receipts
$225
Mission and Program Overview

Mission

The north texas music foundation believes that radio belongs to the american people, and should serve those people, giving alternative and independent diversified programming. The goal of the foundation is to put a radio station on the air that is run by the people of metropolitan dallas, and that will continue to be the property of the people for many years to come.

Program Services

DescriptionGrantsExpenses
THE NORTH TEXAS MUSIC FOUNDATION BELIEVES THAT RADIO BELONGS TO THE AMERICAN PEOPLE, AND SHOULD SERVE THOSE PEOPLE, GIVING ALTERNATIVE AND INDEPENDENT DIVERSIFIED PROGRAMMING.$0$250,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WALT HERRINGVice President-$0--
MARK MUNDYPresident-$0--
RITA WEBBSecretary-$0--
BARBARA NORRISTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The North Texas Music Foundation Inc
EIN
75-2229946
Phone
2148900666
Address
1933 FORESTWOOD, RICHARDSON, TX 75081

Signing Officer

Name
Mark Mundy
Title
President
Phone
2148900666
Signed
2021-03-09
Discuss with paid preparer
Yes

Preparer

Firm
Farmer Fuqua & Huff Pc
Address
2435 N CENTRAL EXPRESSWAY STE 700, RICHARDSON, TX 75080
Preparer
Elana Hughes
Phone
2144738000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest. Amount: 225.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: . Grantee name: knon. Grantee address: 11311 n central expy dallas, tx 75243. Date of gift: 02/03/20. Amount given: 250,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 1. Description: office. Amount: 3,955. Total to form 990-ez, line 16: 3,956.”

Raw XML Appendix176 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum02148900666
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAXAHACHIE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075165
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0254631
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IRS990EZ/GrossReceiptsAmt0225
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0254631
IRS990EZ/NetAssetsOrFundBalancesEOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0254631
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WALT HERRING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARK MUNDY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RITA WEBB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BARBARA NORRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd01
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt03956
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE NORTH TEXAS MUSIC FOUNDATION BELIEVES THAT RADIO BELONGS TO THE AMERICAN PEOPLE, AND SHOULD SERVE THOSE PEOPLE, GIVING ALTERNATIVE AND INDEPENDENT DIVERSIFIED PROGRAMMING. THE GOAL OF THE FOUNDATION IS TO PUT A RADIO STATION ON THE AIR THAT IS RUN BY THE PEOPLE OF METROPOLITAN DALLAS, AND THAT WILL CONTINUE TO BE THE PROPERTY OF THE PEOPLE FOR MANY YEARS TO COME.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE NORTH TEXAS MUSIC FOUNDATION BELIEVES THAT RADIO BELONGS TO THE AMERICAN PEOPLE, AND SHOULD SERVE THOSE PEOPLE, GIVING ALTERNATIVE AND INDEPENDENT DIVERSIFIED PROGRAMMING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0250000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0254856
IRS990EZ/TotalProgramServiceExpensesAmt0250000
IRS990EZ/TotalRevenueAmt0225
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0225
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04482
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02174
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01911
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011974
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04482
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03182
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IRS990ScheduleA/InvestmentIncomeCYPct01.00000
IRS990ScheduleA/InvestmentIncomePYPct00.23460
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY509Pct00.76540
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0225
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03182
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01911
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011974
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH TO WIND DOWN THE ORGANIZATIONS ACTIVITIES.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-12-29
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0458988296
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0495
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FIXED FEE TO TERMINATE THE ENTITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0MARK MUNDY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt07240 BAXTERSHIRE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0DALLAS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd075230
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 225.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: . GRANTEE NAME: KNON. GRANTEE ADDRESS: 11311 N CENTRAL EXPY DALLAS, TX 75243. DATE OF GIFT: 02/03/20. AMOUNT GIVEN: 250,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: BANK CHARGES. AMOUNT: 1. DESCRIPTION: OFFICE. AMOUNT: 3,955. TOTAL TO FORM 990-EZ, LINE 16: 3,956.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK MUNDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02148900666
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NORTH TEXAS MUSIC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0752229946
ReturnHeader/Filer/PhoneNum02148900666
ReturnHeader/Filer/USAddress/AddressLine1Txt01933 FORESTWOOD
ReturnHeader/Filer/USAddress/CityNm0RICHARDSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075081
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752599166
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FARMER FUQUA & HUFF PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02435 N CENTRAL EXPRESSWAY STE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHARDSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075080
ReturnHeader/PreparerPersonGrp/PhoneNum02144738000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELANA HUGHES
ReturnHeader/ReturnTs02021-05-24T11:16:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MUNDY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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