Civic Intelligence

Austin Music Foundation Inc.

990 • Fiscal year 2014 • EIN 81-0561953

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

1333 Shore District DriveAustin, TX 78741

(512) 542-0077

Siviq Scores

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

Liabilities / Assets

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

87th percentile

$34,525

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

96th percentile

307%

Faster asset growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

69%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$147,580

Up $111,276 (+307%) from 2013

Net Assets

Up

$146,775

Up $110,471 (+304%) from 2013

Liabilities

$805

No earlier filing loaded for comparison.

Revenue

Up

$300,703

Up $122,530 (+69%) from 2013

Expenses

Up

$190,232

Up $17,856 (+10%) from 2013

Net Income

Up

$110,471

Up $104,674 (+1806%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $7,664Liabilities 2010: $15,000Net Assets 2010: -$7,3362010Assets 2011: $13,855Liabilities 2011: $1,533Net Assets 2011: $12,3222011Assets 2012: $30,650Liabilities 2012: $143Net Assets 2012: $30,5072012Assets 2013: $36,304Net Assets 2013: $36,3042013Assets 2014: $147,580Liabilities 2014: $805Net Assets 2014: $146,7752014Assets 2015: $113,913Liabilities 2015: $2,416Net Assets 2015: $111,4972015Assets 2016: $139,326Liabilities 2016: $3,935Net Assets 2016: $135,3912016Assets 2017: $149,173Liabilities 2017: $4,886Net Assets 2017: $144,2872017Assets 2018: $115,348Liabilities 2018: $6,986Net Assets 2018: $108,3622018Assets 2019: $256,398Liabilities 2019: $8,981Net Assets 2019: $247,4172019Assets 2020: $155,027Liabilities 2020: $48,716Net Assets 2020: $106,3112020Assets 2021: $182,605Liabilities 2021: $9,357Net Assets 2021: $173,2482021Assets 2022: $73,413Liabilities 2022: $24,769Net Assets 2022: $48,6442022Assets 2023: $54,133Net Assets 2023: $54,1332023

Highlighted filing

2014

Assets$147,580
Liabilities$805
Net Assets$146,775

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $86,986Expenses 2010: $106,728Net Income 2010: -$19,7422010Revenue 2011: $111,986Expenses 2011: $92,328Net Income 2011: $19,6582011Revenue 2012: $122,387Expenses 2012: $104,202Net Income 2012: $18,1852012Revenue 2013: $178,173Expenses 2013: $172,376Net Income 2013: $5,7972013Revenue 2014: $300,703Expenses 2014: $190,232Net Income 2014: $110,4712014Revenue 2015: $153,695Expenses 2015: $188,973Net Income 2015: -$35,2782015Revenue 2016: $301,374Expenses 2016: $277,480Net Income 2016: $23,8942016Revenue 2017: $229,789Expenses 2017: $220,893Net Income 2017: $8,8962017Revenue 2018: $225,674Expenses 2018: $261,599Net Income 2018: -$35,9252018Revenue 2019: $445,025Expenses 2019: $305,970Net Income 2019: $139,0552019Revenue 2020: $201,860Expenses 2020: $342,966Net Income 2020: -$141,1062020Revenue 2021: $399,715Expenses 2021: $332,778Net Income 2021: $66,9372021Revenue 2022: $190,706Expenses 2022: $315,310Net Income 2022: -$124,6042022Revenue 2023: $197,838Expenses 2023: $192,349Net Income 2023: $5,4892023

Highlighted filing

2014

Revenue$300,703
Expenses$190,232
Net Income$110,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$300,703
Mission and Program Overview

Mission

Austin Music Foundation's mission is to strengthen and connect the local music industry and community with innovative programs that empower music professionals and music businesses within Austin's creative economy by offering innovative career-development and music-business education programs for musicians.

Austin Music Foundation fuels Austin's creative economy by offering innovative career-development and music-business education programs for musicians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,749$91,650▲ $87,901
Cash and Non-Interest-Bearing Accounts$32,555$55,930▲ $23,375
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$36,304$147,580▲ $111,276
Other Assets Total-$0-
Liabilities
Other Liabilities-$805-
Total Liabilities$0$805▲ $805
Net Assets / Fund Balance
Unrestricted Net Assets$36,304$146,775▲ $110,471
Total Net Assets Fund Balance$36,304$146,775▲ $110,471
Total Liabilities and Net Assets / Fund Balance$36,304$147,580▲ $111,276

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$90,153$1,528$91,681
Other Land Buildings$1,497$18,266$19,763
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kellie GoldsteinExec DirectorFT$34,525$34,525

Board Members and Trustees

NameTitle
Brad SteinPresident
Andrea VillarealDirector
Bruce HughesDirector
Elaine GarzaDirector
James TaylorDirector
Scott GarberDirector
Sharilyn MayhughDirector
Sigsbee Ben JumperDirector
Stuart SullivanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$300,703
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$218,665
Change in Net Assets
$110,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,787
Other Expenses$60,617
Grants and Similar Amounts Paid$26,828
Total Fundraising Expense$11,791
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,959--$60,959
Current Officers, Directors, Trustees, and Key Employees$17,262$10,357$6,905$34,524
Grants to Domestic Orgs$26,828--$26,828
Occupancy$10,165$1,340$907$12,412
Payroll Taxes$5,984$792$528$7,304
Office Expenses$5,387$710$481$6,578
Advertising$5,723--$5,723
Depreciation Depletion$3,553$469$316$4,338
Insurance$1,300$1,580-$2,880
Fees for Services Accounting-$2,525-$2,525
Other Expenses$17,361$1,745$2,605$1,745
All Other Expenses$178$1,029-$1,207
Information Technology$554$73$49$676
Travel$410--$410
Fees for Services Other$300--$300
Total Functional Expenses$155,964$22,477$11,791$190,232
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Black FretAustin, TX501(c)(3)Donation$26,828
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll taxes payable$805
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is circulated to all Directors prior to filing the return.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation for all employees is reviewed and approved by the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon written request, these documents will be made available for public inspection.

Filing and Contact Details

Filer

Filer Name
Austin Music Foundation
EIN
81-0561953
Phone
5125420077
Address
1333 Shore District Drive, Austin, TX 78741

Signing Officer

Name
Brad Stein
Title
President
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Dunagan Jack LLP
Address
3724 Jefferson Street Suite 307, Austin, TX 78731
Preparer
Bob Dunagan
Phone
5124208997
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IRS990/Desc0Creative Media Center - A physical space where artists and industry professionals come for mentor sessions, to work on 6 computer workstations, and attend webinars and networking events free of charge.Educational programs - Free business education seminars and panel discussions dedicated to teaching artists and music industry professionals how to advance their careers in the music business.
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IRS990/OtherExpensesGrp/TotalAmt12605
IRS990/OtherExpensesGrp/TotalAmt21857
IRS990/OtherExpensesGrp/TotalAmt31745
IRS990/OtherLiabilitiesGrp/EOYAmt0805
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt060959
IRS990/OtherSalariesAndWagesGrp/TotalAmt060959
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0528
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0792
IRS990/PayrollTaxesGrp/ProgramServicesAmt05984
IRS990/PayrollTaxesGrp/TotalAmt07304
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0178173
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt058982
IRS990/PYRevenuesLessExpensesAmt05797
IRS990/PYSalariesCompEmpBnftPaidAmt0113394
IRS990/PYTotalExpensesAmt0172376
IRS990/PYTotalRevenueAmt0178173
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0110471
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt011416
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt08540
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt01286
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt036242
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0300703
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0178173
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0119443
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0111986
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt074353
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0784658
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013437
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt06700
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt06700
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.76610
IRS990ScheduleA/PublicSupportPY509Pct00.91220
IRS990ScheduleA/PublicSupportTotal509Amt0616553
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0145000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt011416
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt08540
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt022000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01286
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0188242
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0145000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt07000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0152000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0300703
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0178173
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0126143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111986
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt087790
IRS990ScheduleA/Total509Grp/TotalAmt0804795
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0300703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0178173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0126143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0111986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt087790
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0804795
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/LeaseholdImprovementsGrp/BookValueAmt090153
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01528
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt091681
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01497
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018266
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll taxes payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt091650
IRS990ScheduleD/TotalLiabilityAmt0805
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt026828
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Donation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Black Fret
IRS990ScheduleI/RecipientTable/RecipientEIN0460576111
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 29628
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Austin
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078755
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is circulated to all Directors prior to filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation for all employees is reviewed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon written request, these documents will be made available for public inspection.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.54$1.98$1.92$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.73$0.25$0.49$1.91$3.15$1.25
2021Detailed filing. Detailed filing data is available for this year.$1.83$0.09$1.73$4.00$3.33$0.67
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.49$1.06$2.02$3.43$1.41
2019Detailed filing. Detailed filing data is available for this year.$2.56$0.09$2.47$4.45$3.06$1.39
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.07$1.08$2.26$2.62$0.36
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.05$1.44$2.30$2.21$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.39$0.04$1.35$3.01$2.77$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.11$1.54$1.89$0.35
2014Detailed filing. Detailed filing data is available for this year.$1.48$0.01$1.47$3.01$1.90$1.10
2013Detailed filing. Detailed filing data is available for this year.$0.36$0.36$1.78$1.72$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$1.22$1.04$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.02$0.12$1.12$0.92$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.15$0.07$0.87$1.07$0.20