Civic Intelligence

Peace Drums USA Inc.

990EZ • Fiscal year 2022 • EIN 81-3007724

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

2200 Arch Street 915Philadelphia, PA 19103

(610) 692-9912

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

37th percentile

-1.5%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

80th percentile

$3,750

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

33rd percentile

-8.5%

Faster asset growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

62nd percentile

25%

Faster revenue growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$13,867

Down $1,285 (-8.5%) from 2021

Net Assets

Down

$13,867

Down $1,285 (-8.5%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$87,191

Up $17,514 (+25%) from 2021

Expenses

Up

$88,476

Up $10,689 (+14%) from 2021

Net Income

Up

-$1,285

Up $6,825 (+84%) from 2021

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2018: $2,522Liabilities 2018: $0Net Assets 2018: $2,5222018Assets 2019: $11,696Liabilities 2019: $0Net Assets 2019: $11,6962019Assets 2020: $23,262Liabilities 2020: $0Net Assets 2020: $23,2622020Assets 2021: $15,152Net Assets 2021: $15,1522021Assets 2022: $13,867Liabilities 2022: $0Net Assets 2022: $13,8672022Assets 2024: $5,412Net Assets 2024: $5,4122024

Highlighted filing

2022

Assets$13,867
Liabilities$0
Net Assets$13,867

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2018: $69,882Expenses 2018: $71,439Net Income 2018: -$1,5572018Revenue 2019: $137,310Expenses 2019: $128,136Net Income 2019: $9,1742019Revenue 2020: $161,890Expenses 2020: $150,324Net Income 2020: $11,5662020Revenue 2021: $69,677Expenses 2021: $77,787Net Income 2021: -$8,1102021Revenue 2022: $87,191Expenses 2022: $88,476Net Income 2022: -$1,2852022Revenue 2024: $39,049Expenses 2024: $75,218Net Income 2024: -$36,1692024

Highlighted filing

2022

Revenue$87,191
Expenses$88,476
Net Income-$1,285
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$87,191
Mission and Program Overview

Mission

The organization raises money to fund musical band(s) of youth in the middle east who play the steel drums. The money goes to pay instructors, buy/repair equipment and travel. The band(s) are comprised of jewish, muslim and christian youth.

Program Services

DescriptionGrantsExpenses
THE 2022 YEAR SAW A COMPLETE RETURN TO WEEKLY STEEL DRUM REHEARSALS FOR KIDS FROM ISRAEL, THE HAIFA REGION, AND THE WEST BANK, IN AND AROUND BETHLEHEM. ALL TOGETHER ABOUT 150 STUDENTS WERE IMPACTED WEEKLY WITH REHEARSALS AND PERIODIC PERFORMANCES. TWO WORKSHOPS FOR THESE STUDENTS, ONE IN FEBRUARY AND ONE IN NOVEMBER. THE WORKSHOPS WERE THREE TO FOUR DAYS IN LENGTH FOR EACH GROUP OF STUDENTS. WE ARE AT A POINT NOW WHERE WE NEED TO IDENTIFY NEW TEACHERS TO HANDLE AN INCREASED DEMAND FOR OUR STEEL BANDS. WE ALSO HELD A TEN-DAY STEEL DRUM WORKSHOP IN VIENNA, AUSTRIA FOR REFUGEE STUDENTS THERE, MAINLY FROM THE UKRAINE. OUR TWO TEACHERS FROM ISRAEL JOINED US THERE AND WERE VERY WELL RECEIVED BY THE STUDENTS. THE LAST DAY OF THE WORKSHOP SAW A PERFORMANCE OF THE STUDENTS IN THE STEEL BANDS IN FRONT OF AN AUDIENCE OF 300.-$59,393
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HARVEY PRICEEx. DirectorPT$3,750-$3,750
JOAN SPARKSBoard Member-$0--
PETER ABRAMSSecretary-$0--
STEVEN WIGRIZERBoard Member-$0--
EDMUND S LYNCHTreasurer-$0--
JULIA STONEPresident-$0--
ERIC MATUSZAKBoard Member-$0--
SAWSAN CHACOURBoard Member-$0--
JESSICA TUFTEBoard Member-$0--
NAVEED BAQIRBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Peace Drums USA Inc
EIN
81-3007724
Phone
6106929912
Address
2200 ARCH STREET 915, PHILADELPHIA, PA 19103

Signing Officer

Name
Harvey Price
Title
Ex. Director
Phone
6106929912
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Diversified Tax LLC
Address
3705 CONCORD PIKE, WILMINGTON, DE 19803
Preparer
Edmund S Lynch CPA Mt
Phone
3027934971
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 4,637 office 532 information technology 1,676 travel 8,631 insurance 633 bank & merchant fees 2,096 musical equipment 13,480 total 31,685

Form 990-ez, Part III

The organization raises money to fund musical band(s) of youth in the middle east who play the steel drums. The money goes to pay instructors, buy/repair equipment and travel. The band(s) are comprised of jewish, muslim and christian youth.

Form 990-ez, Part III, Line 28

The 2022 year saw a complete return to weekly steel drum rehearsals for kids from israel, the haifa region, and the west bank, in and around bethlehem. All together about 150 students were impacted weekly with rehearsals and periodic performances. Two workshops for these students, one in february and one in november. The workshops were three to four days in length for each group of students. We are at a point now where we need to identify new teachers to handle an increased demand for our steel bands. We also held a ten-day steel drum workshop in vienna, austria for refugee students there, mainly from the ukraine. Our two teachers from israel joined us there and were very well received by the students. The last day of the workshop saw a performance of the students in the steel bands in front of an audience of 300.

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IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION RAISES MONEY TO FUND MUSICAL BAND(S) OF YOUTH IN THE MIDDLE EAST WHO PLAY THE STEEL DRUMS. THE MONEY GOES TO PAY INSTRUCTORS, BUY/REPAIR EQUIPMENT AND TRAVEL. THE BAND(S) ARE COMPRISED OF JEWISH, MUSLIM AND CHRISTIAN YOUTH.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 4,637 OFFICE 532 INFORMATION TECHNOLOGY 1,676 TRAVEL 8,631 INSURANCE 633 BANK & MERCHANT FEES 2,096 MUSICAL EQUIPMENT 13,480 TOTAL 31,685
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RAISES MONEY TO FUND MUSICAL BAND(S) OF YOUTH IN THE MIDDLE EAST WHO PLAY THE STEEL DRUMS. THE MONEY GOES TO PAY INSTRUCTORS, BUY/REPAIR EQUIPMENT AND TRAVEL. THE BAND(S) ARE COMPRISED OF JEWISH, MUSLIM AND CHRISTIAN YOUTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 2022 YEAR SAW A COMPLETE RETURN TO WEEKLY STEEL DRUM REHEARSALS FOR KIDS FROM ISRAEL, THE HAIFA REGION, AND THE WEST BANK, IN AND AROUND BETHLEHEM. ALL TOGETHER ABOUT 150 STUDENTS WERE IMPACTED WEEKLY WITH REHEARSALS AND PERIODIC PERFORMANCES. TWO WORKSHOPS FOR THESE STUDENTS, ONE IN FEBRUARY AND ONE IN NOVEMBER. THE WORKSHOPS WERE THREE TO FOUR DAYS IN LENGTH FOR EACH GROUP OF STUDENTS. WE ARE AT A POINT NOW WHERE WE NEED TO IDENTIFY NEW TEACHERS TO HANDLE AN INCREASED DEMAND FOR OUR STEEL BANDS. WE ALSO HELD A TEN-DAY STEEL DRUM WORKSHOP IN VIENNA, AUSTRIA FOR REFUGEE STUDENTS THERE, MAINLY FROM THE UKRAINE. OUR TWO TEACHERS FROM ISRAEL JOINED US THERE AND WERE VERY WELL RECEIVED BY THE STUDENTS. THE LAST DAY OF THE WORKSHOP SAW A PERFORMANCE OF THE STUDENTS IN THE STEEL BANDS IN FRONT OF AN AUDIENCE OF 300.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02023-11-15T07:22:12-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits