Civic Intelligence

Bravo Music and Arts Foundation

EIN 81-1118863 • 501(c)3 • San Diego, CA

Profile

SEE SCH. O

7844 Civita BlvdSan Diego, CA 92108

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • 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

4th percentile

-736%

Higher net margin than 4% 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

15th percentile

-74%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

5th percentile

-96%

Faster revenue growth than 5% of similar nonprofits.

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

Assets

Down

$7,686

Down $22,070 (-74%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$7,686

Down $22,070 (-74%) from 2019

Revenue

Down

$3,000

Down $76,150 (-96%) from 2019

Expenses

Down

$25,070

Down $25,698 (-51%) from 2019

Net Income

Down

-$22,070

Down $50,452 (-178%) from 2019

Trend Graphs

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2016: $2,414Liabilities 2016: $02016Assets 2017: $9,262Liabilities 2017: $0Net Assets 2017: $9,2622017Assets 2018: $1,374Liabilities 2018: $0Net Assets 2018: $1,3742018Assets 2019: $29,756Liabilities 2019: $0Net Assets 2019: $29,7562019Assets 2020: $7,686Liabilities 2020: $0Net Assets 2020: $7,6862020

Highlighted filing

2020

Assets$7,686
Liabilities$0
Net Assets$7,686

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $133,235Expenses 2016: $130,871Net Income 2016: $2,3642016Revenue 2017: $218,176Expenses 2017: $211,328Net Income 2017: $6,8482017Revenue 2018: $148,419Expenses 2018: $156,307Net Income 2018: -$7,8882018Revenue 2019: $79,150Expenses 2019: $50,768Net Income 2019: $28,3822019Revenue 2020: $3,000Expenses 2020: $25,070Net Income 2020: -$22,0702020

Highlighted filing

2020

Revenue$3,000
Expenses$25,070
Net Income-$22,070

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Apr 14, 2021
Return Version
2019v5.1
Gross Receipts
$3,000
Mission and Program Overview

Mission

SEE SCH. O

Program Services

DescriptionGrantsExpenses
SEE SCH. O$0$3,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NING SHIUPresidentPT$0--
FANGFANG LISecretary-$0--
KUN LIUTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Bravo Music and Arts Foundation
EIN
81-1118863
Phone
8583450159
Address
7844 CIVITA BLVD, SAN DIEGO, CA 92108

Signing Officer

Name
Ning Shiu
Title
President
Phone
8583450159
Signed
2021-04-14

Preparer

Firm
Global Wealth Consulting LLC
Address
7510 CLAIREMONT MESA BLVD 104, SAN DIEGO, CA 92111
Preparer
Daniel Lu
Phone
8586333381
Supplemental Narrative

Additional Explanations

Other

Primary Exempt Purpose (Part I, Line 1)(Part III, Line 1) The foundation mainly presents Bravo! International Music Academy, which is a two-week, tailor-made music education intensive for outstanding young strings and piano students from around the world. The academy features world-renowned Classical artists and professors to come to San Diego and give classes, conferences and performances to the local students. The Festival will also gather talented young artists around the world to San Diego to perform and share their experiences with local students. The foundation will try to offer scholarships to provide equal opportunities for the talented students to learn from the best artists; and provide high quality free concerts to local community.

Other

Copy of Form 990 was reviewed by all members of governing body before filing

Other

PROGRAM SERVICE DESCRIPTION (PART III, LINE 28) We offered scholarships to subsidize young musicians who has top talents and financial needs to enroll in our program, which they can learn from the world renowned artists and share cultural experiences with students from around the world. Additionally, we invited around 30 local and international professors and artists, to offer free seminars and open masterclasses to offer the highest level music educations to local young musicians and teachers. We offered 14 free concerts last summer, to provide the highest quality music performances to local communities, such as Museums, schools and public areas.

Form 990EZ, Part I, Line 16

FACULTY EXPENSE 16330.

Form 990EZ, Part I, Line 16

TRAVEL EXPENSE 6760.

Form 990EZ, Part I, Line 16

SUPPLIES 326.

Form 990EZ, Part I, Line 16

BANKING EXPENSE 590.

Form 990EZ, Part I, Line 16

PERMIT AND FEES 25.

Form 990EZ, Part I, Line 16

Computer and internet expense 0.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Primary Exempt Purpose (Part I, Line 1)(Part III, Line 1) The foundation mainly presents Bravo! International Music Academy, which is a two-week, tailor-made music education intensive for outstanding young strings and piano students from around the world. The academy features world-renowned Classical artists and professors to come to San Diego and give classes, conferences and performances to the local students. The Festival will also gather talented young artists around the world to San Diego to perform and share their experiences with local students. The foundation will try to offer scholarships to provide equal opportunities for the talented students to learn from the best artists; and provide high quality free concerts to local community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copy of Form 990 was reviewed by all members of governing body before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROGRAM SERVICE DESCRIPTION (PART III, LINE 28) We offered scholarships to subsidize young musicians who has top talents and financial needs to enroll in our program, which they can learn from the world renowned artists and share cultural experiences with students from around the world. Additionally, we invited around 30 local and international professors and artists, to offer free seminars and open masterclasses to offer the highest level music educations to local young musicians and teachers. We offered 14 free concerts last summer, to provide the highest quality music performances to local communities, such as Museums, schools and public areas.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodBeginDt02019-11-01
ReturnHeader/TaxPeriodEndDt02020-10-31
ReturnHeader/TaxYr02019

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