Civic Intelligence

Music for Minds Inc

EIN 81-5273498 • 501(c)3 • North Easton, MA

Profile

To encourage demand for and understanding of classical music through performance, workshops, festivals and masterclasses

136 Allen RoadNorth Easton, MA 02356

n/A

Siviq Scores

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

Liabilities / Assets

87th percentile

0.38x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

103.60x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

1st percentile

-10740%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

99th percentile

4073%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

87th percentile

58%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$67,927

Down $26,851 (-28%) from 2021

Liabilities

Flat

$25,900

Flat from 2021

Net Assets

Down

$42,027

Down $26,851 (-39%) from 2021

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$250

Down $82,200 (-100%) from 2021

Expenses

Up

$27,101

Up $13,490 (+99%) from 2021

Net Income

Down

-$26,851

Down $95,690 (-139%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$100K$50K$0Assets 2017: $6,758Liabilities 2017: $0Net Assets 2017: $6,7582017Assets 2018: $345Liabilities 2018: $0Net Assets 2018: $3452018Assets 2019: $724Liabilities 2019: $0Net Assets 2019: $7242019Assets 2020: $39Liabilities 2020: $0Net Assets 2020: $392020Assets 2021: $94,778Liabilities 2021: $25,900Net Assets 2021: $68,8782021Assets 2022: $67,927Liabilities 2022: $25,900Net Assets 2022: $42,0272022

Highlighted filing

2022

Assets$67,927
Liabilities$25,900
Net Assets$42,027
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$100K$50K$0-$50KRevenue 2017: $17,297Expenses 2017: $10,539Net Income 2017: $6,7582017Revenue 2018: $26,760Expenses 2018: $33,172Net Income 2018: -$6,4122018Revenue 2019: $28,384Expenses 2019: $27,943Net Income 2019: $4412019Revenue 2020: $100Expenses 2020: $785Net Income 2020: -$6852020Revenue 2021: $82,450Expenses 2021: $13,611Net Income 2021: $68,8392021Revenue 2022: $250Expenses 2022: $27,101Net Income 2022: -$26,8512022

Highlighted filing

2022

Revenue$250
Expenses$27,101
Net Income-$26,851
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$67,927
Liabilities
$25,900
Net assets
$42,027
Revenue
$250
Expenses
$27,101
Net income
-$26,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$67.9$25.9$42.0$0.25$27.1$26.9
2021Detailed filing. Detailed filing data is available for this year.$94.8$25.9$68.9$82.5$13.6$68.8
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.10$0.79$0.69
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$28.4$27.9$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$26.8$33.2$6.41
2017Detailed filing. Detailed filing data is available for this year.$6.76$0.00$6.76$17.3$10.5$6.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 7, 2023
Return Version
2022v5.0
Gross Receipts
$250
Mission and Program Overview

Mission

Music for minds, inc. Was established as a non-profit organization to encourage demand for and understanding of classical music through performance, workshops and masterclasses

To encourage demand for and understanding of classical music through performance, workshops, festivals and masterclasses

Program Services

DescriptionGrantsExpenses
ORGANIZING AND RUNNING A CLASSICAL MUSIC FESTIVAL$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ASIYA KOREPANOVAPresidentPT$0--
DMITRY KOSHKINTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Music for Minds Inc
EIN
81-5273498
Phone
7862019169
Address
136 ALLEN ROAD, NORTH EASTON, MA 02356

Signing Officer

Name
Asiya Korepanova
Title
President
Phone
7862019169
Signed
2023-06-07
Discuss with paid preparer
Yes

Preparer

Firm
Amichetti & Company
Address
ONE EDGEWATER DRIVE SUITE 109, NORWOOD, MA 02062
Preparer
Anthony J Amichetti CPA
Phone
7812559669
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“BANK FEES 359.”

Form 990EZ, Part I, Line 16

“Depreciation 18330.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSES 2937.”

Form 990EZ, Part I, Line 16

“Reimburseable expenses 739.”

Form 990EZ, Part II, Line 26

“Loan from member of board of directors 25900. 25900.”

Raw XML Appendix156 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DMITRY KOSHKIN
IRS990EZ/BooksInCareOfDetail/PhoneNum07862019169
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0136 ALLEN ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0N EASTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002356
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08845
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0324
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0250
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-26851
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04736
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt094778
IRS990EZ/Form990TotalAssetsGrp/EOYAmt067927
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0250
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt085933
IRS990EZ/LandAndBuildingsGrp/EOYAmt067603
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt068878
IRS990EZ/NetAssetsOrFundBalancesEOYAmt042027
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt068878
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt042027
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt014.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ASIYA KOREPANOVA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DMITRY KOSHKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt022365
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENCOURAGE DEMAND FOR AND UNDERSTANDING OF CLASSICAL MUSIC THROUGH PERFORMANCE, WORKSHOPS, FESTIVALS AND MASTERCLASSES
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ORGANIZING AND RUNNING A CLASSICAL MUSIC FESTIVAL
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt025900
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt025900
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt027101
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0250
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt082450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt026760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0126310
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0126310
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt082450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt026760
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016750
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0126310
IRS990ScheduleA/TotalSupportAmt0126310
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK FEES 359.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation 18330.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE EXPENSES 2937.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REIMBURSEABLE EXPENSES 739.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOAN FROM MEMBER OF BOARD OF DIRECTORS 25900. 25900.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ASIYA KOREPANOVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07862019169
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSIC FOR MINDS INC
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0815273498
ReturnHeader/Filer/PhoneNum07862019169
ReturnHeader/Filer/USAddress/AddressLine1Txt0136 ALLEN ROAD
ReturnHeader/Filer/USAddress/CityNm0NORTH EASTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002356
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043245567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AMICHETTI & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE EDGEWATER DRIVE SUITE 109
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002062
ReturnHeader/PreparerPersonGrp/PhoneNum07812559669
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY J AMICHETTI CPA
ReturnHeader/ReturnTs02023-11-07T06:44:49-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ASIYA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KOREPANOVA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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