Civic Intelligence

B Sharp Youth Music Program

990 • Fiscal year 2022 • EIN 81-3023136

Jul 01, 2021 to Jun 30, 2022 • Filed on Jul 27, 2022

500 Commerce Street Suite 700Fort Worth, TX 76102

(817) 509-3958

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $9,985 (-100%) from 2021

Net Assets

Down

$0

Down $9,985 (-100%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses

Revenue

Down

$114,094

Down $155,477 (-58%) from 2021

Expenses

Down

$124,079

Down $85,904 (-41%) from 2021

Net Income

Down

-$9,985

Down $69,573 (-117%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2017: $17,941Liabilities 2017: $6,192Net Assets 2017: $11,7492017Assets 2018: $12,535Liabilities 2018: $17,726Net Assets 2018: -$5,1912018Assets 2019: $30,379Liabilities 2019: $2,566Net Assets 2019: $27,8132019Assets 2020: $20,196Liabilities 2020: $69,799Net Assets 2020: -$49,6032020Assets 2021: $9,985Liabilities 2021: $0Net Assets 2021: $9,9852021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $530,324Expenses 2017: $518,575Net Income 2017: $11,7492017Revenue 2018: $512,139Expenses 2018: $529,079Net Income 2018: -$16,9402018Revenue 2019: $471,495Expenses 2019: $438,491Net Income 2019: $33,0042019Revenue 2020: $387,851Expenses 2020: $465,267Net Income 2020: -$77,4162020Revenue 2021: $269,571Expenses 2021: $209,983Net Income 2021: $59,5882021Revenue 2022: $114,094Expenses 2022: $124,079Net Income 2022: -$9,9852022

Highlighted filing

2022

Revenue$114,094
Expenses$124,079
Net Income-$9,985
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jul 27, 2022
Return Version
2021v4.2
Gross Receipts
$114,094
Mission and Program Overview

Mission

B sharp programs are designed to be unique to the community and culture of its participants, enabling children to feel a strong sense of self-worth, to succeed academically, and to understand their value within their community. The b sharp programs are typically operated through a partnership with the fort worth independent school district.

Harmonizing communities through music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$9,985$0▼ $9,985
Receivable From Disqualified Prsn$5,212$0▼ $5,212
Cash and Non-Interest-Bearing Accounts$4,773$0▼ $4,773
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$9,985$0▼ $9,985
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,985$0▼ $9,985
Total Liabilities and Net Assets / Fund Balance$9,985$0▼ $9,985
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer HayOfficerFT$88,417$88,417

Board Members and Trustees

NameTitle
John C GoffChairman/Director
Melody A JohnsonDirector
Marvin E BlumSecretary/Director
Jennifer L TerrellChief Accounting Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$113,793
Program Service Revenue
$0
Investment Income
$301
Other Revenue
$0
All Other Contributions
$113,793
Change in Net Assets
$-9,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$94,778
Other Expenses$29,301
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,417--$88,417
Insurance$13,044--$13,044
Office Expenses$4,834--$4,834
Payroll Taxes$3,708--$3,708
Other Employee Benefits$2,653--$2,653
All Other Expenses$1,321$90-$1,411
Information Technology$1,243--$1,243
Fees for Services Accounting-$1,050-$1,050
Travel-$719-$719
Other Expenses$140--$140
Total Functional Expenses$122,220$1,859$0$124,079
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$5,212$0▼ $5,212
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section C, Line 19

Financials and other data are provided to the public upon request.

Form 990, Part VI, Question 2

John C. Goff and Marvin E. Blum have an ongoing business relationship.

Form 990, Part VI, Question 11B

After the Form 990 is prepared, the Chief Accounting Officer and Executive Director completes a thorough review of the document against the Financial Statements and Organizational documents. The 990 is then submitted to the board for further review and approval prior to submission to the IRS.

Form 990, Part VI, Question 12C

B Sharps process of monitoring and enforcing the written conflict-of-interest policy, begins with a review of the disclosure forms submitted by covered persons and the compilation of a list of potentially conflicted entities and individuals. The compiled list of potential conflicted entities and individuals is then matched against proposed transactions to mitigate possible conflicts. The Chief Accounting Officer is responsible for maintaining the list and screening for possible conflicts of interest.

Form 990, Part VI, Question 15A

The Board of Directors is responsible for hiring, and establishing the compensation (salary and benefits) of the Executive Director by identifying compensation that is "reasonable and not excessive," but that also is attractive enough to retain the best possible talent to lead the organization.

Filing and Contact Details

Filer

Filer Name
B Sharp Youth Music Program
EIN
81-3023136
In Care Of
% JENNIFER TERRELL
Phone
8175093958
Address
500 Commerce Street Suite 700, Fort Worth, TX 76102

Signing Officer

Name
Jennifer Terrell
Title
officer
Phone
8175093958
Signed
2022-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Terrell
Formed
2016
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
0

Preparer

Firm
Hartman Wanzor LLP
Address
6050 Southwest Blvd Suite 150, Fort Worth, TX 76109
Preparer
Charles S Gregg SrManager
Phone
8175293930
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IRS990/Desc0Each student in B Sharp benefits from a rich music curriculum that creates a caring, cooperative, and fun community. Total enrollment for the school year was: 0 - B Sharp Program of Choice (Kinder-5th grade), 0 - B Sharp After School (2nd-5th grade), and 0 - B Sharp Youth Orchestra (Symphony & Philharmonic Orchestra). The program was shut down due to Covid, so that's why there was no enrollment. Students in the program also benefit from B Sharp Youth Music Program's academic support, creative outlets, parent engagement, and social/emotional focus. We offered over 10 different classes in the form of Music Theory, Choir, Orchestra, Wind Ensemble, Drum Circle, Bucket Band, Percussion Ensemble, Chamber Strings, B Sharp Singers, Leadership, String Ensemble, Social Skills, and Feelings from A to Z taught from our own curriculum which is based on the state standards when appropriate. Overall, our students outperformed their peers in all categories measured by the Fort Worth Independent School District (core passing rates in ELA, Math, Science, and Social Studies, College and Career Readiness, Behavior/Discipline, and Attendance). 90% of all B Sharp musicians are on track to achieve appropriate musical success based on our B Sharp Performance Levels.
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0B Sharp publicizes its racially nondiscriminatory statements on its website and all social media platforms where feasible, as well as on all its written documentation used during the registration period for prospective students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 3
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-06-30
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCIALS AND OTHER DATA ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1John C. Goff and Marvin E. Blum have an ongoing business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2After the Form 990 is prepared, the Chief Accounting Officer and Executive Director completes a thorough review of the document against the Financial Statements and Organizational documents. The 990 is then submitted to the board for further review and approval prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3B Sharps process of monitoring and enforcing the written conflict-of-interest policy, begins with a review of the disclosure forms submitted by covered persons and the compilation of a list of potentially conflicted entities and individuals. The compiled list of potential conflicted entities and individuals is then matched against proposed transactions to mitigate possible conflicts. The Chief Accounting Officer is responsible for maintaining the list and screening for possible conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors is responsible for hiring, and establishing the compensation (salary and benefits) of the Executive Director by identifying compensation that is "reasonable and not excessive," but that also is attractive enough to retain the best possible talent to lead the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Question 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Question 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Question 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Question 15a
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ReturnHeader/BuildTS02022-09-23 18:48:47Z

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