Civic Intelligence

Music for Minds Inc.

990EZ • Fiscal year 2018 • EIN 81-5273498

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 17, 2019

Organization ProfileWWW.MUSICFORMINDS.ORG
6101 SW 183rd WaySouthwest Ranches, FL 33331

(786) 201-9169

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-95%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$345

Down $6,413 (-95%) from 2017

Net Assets

Down

$345

Down $6,413 (-95%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin14th percentile

Revenue

Up

$26,760

Up $9,463 (+55%) from 2017

Expenses

Up

$33,172

Up $22,633 (+215%) from 2017

Net Income

Down

-$6,412

Down $13,170 (-195%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$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

2018

Assets$345
Liabilities$0
Net Assets$345
Open 2018 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$26,760
Expenses$33,172
Net Income-$6,412
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 17, 2019
Return Version
2018v3.1
Gross Receipts
$26,760
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

Program Services

DescriptionGrantsExpenses
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-$16,957
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ASIYA KOREPANOVAPresidentPT$0--
MATTHEW E TAYLORDirector-$0--
ABRAM KREEGERDirector-$0--
DMITRY KOSHKINDirector-$0--
JOANA GONZALEZDirector-$0--
Filing and Contact Details

Filer

Filer Name
Music for Minds Inc
EIN
81-5273498
Phone
7862019169
Address
6101 SW 183RD WAY, SOUTHWEST RANCHES, FL 33331

Signing Officer

Name
Asiya Korepanova
Title
President
Phone
7862019169
Signed
2019-06-17
Discuss with paid preparer
Yes

Preparer

Firm
Betro and Company Pc
Address
30 MECHANIC STREET, FOXBORO, MA 02035-1368
Preparer
Gary E Blumenthal
Phone
5086983600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Miscelleaneous income 63 total 63”

Form 990-ez, Part I, Line 16

“Expenses advertising and promotion 525 paypal fees 230 bank charges and fees 164 office supplies and expense 49 printing and copying 10 travel 3,354 parking and tolls 3 total 4,335”

Form 990-ez, Part III

“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”

Raw XML Appendix145 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/AddressLine1Txt06101 SW 183RD WAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SOUTHWEST RANCHES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033331
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt06757
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0345
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt016755
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6412
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt013860
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt06757
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0345
IRS990EZ/GrossReceiptsAmt026760
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt06757
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0345
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt06757
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0345
IRS990EZ/OccupancyRentUtltsAndMaintAmt014977
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt012.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt34.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ASIYA KOREPANOVA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MATTHEW E TAYLOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ABRAM KREEGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DMITRY KOSHKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOANA GONZALEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt04335
IRS990EZ/OtherRevenueTotalAmt063
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MUSIC FOR MINDS, INC. WAS ESTABLISHED AS A NON-PROFIT ORGANIZATION TO ENCOURAGE DEMAND FOR AND UNDERSTANDING OF CLASSICAL MUSIC THROUGH PERFORMANCE, WORKSHOPS AND MASTERCLASSES
IRS990EZ/ProgramServiceRevenueAmt09942
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MUSIC FOR MINDS, INC. WAS ESTABLISHED AS A NON-PROFIT ORGANIZATION TO ENCOURAGE DEMAND FOR AND UNDERSTANDING OF CLASSICAL MUSIC THROUGH PERFORMANCE, WORKSHOPS AND MASTERCLASSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt016957
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt033172
IRS990EZ/TotalProgramServiceExpensesAmt016957
IRS990EZ/TotalRevenueAmt026760
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MUSICFORMINDS.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt022830
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt016755
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06075
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt022830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09942
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt021164
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021164
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02279
IRS990ScheduleA/PublicSupportTotal509Amt043994
IRS990ScheduleA/SubstantialContributorsTotAmt020551
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt026697
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt017297
IRS990ScheduleA/Total509Grp/TotalAmt043994
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06075
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022830
IRS990ScheduleA/TotalSupportAmt022830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt026697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt017297
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt043994
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLEANEOUS INCOME 63 TOTAL 63
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 525 PAYPAL FEES 230 BANK CHARGES AND FEES 164 OFFICE SUPPLIES AND EXPENSE 49 PRINTING AND COPYING 10 TRAVEL 3,354 PARKING AND TOLLS 3 TOTAL 4,335
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MUSIC FOR MINDS, INC. WAS ESTABLISHED AS A NON-PROFIT ORGANIZATION TO ENCOURAGE DEMAND FOR AND UNDERSTANDING OF CLASSICAL MUSIC THROUGH PERFORMANCE, WORKSHOPS AND MASTERCLASSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ASIYA KOREPANOVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07862019169
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSIC FOR MINDS INC
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0815273498
ReturnHeader/Filer/PhoneNum07862019169
ReturnHeader/Filer/USAddress/AddressLine1Txt06101 SW 183RD WAY
ReturnHeader/Filer/USAddress/CityNm0SOUTHWEST RANCHES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033331
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0192D0B4F6B525073129E938BA24A8CD5C5851BCA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId093D65CE856CF20B884279CB3617D72635F37F43C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.56.9
ReturnHeader/FilingSecurityInformation/IPDt02019-07-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:01:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043215398
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BETRO AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 MECHANIC STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOXBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0020351368
ReturnHeader/PreparerPersonGrp/PhoneNum05086983600
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY E BLUMENTHAL
ReturnHeader/ReturnTs02019-07-24T13:01:58-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$345
Liabilities
$0
Net assets
$345
Revenue
$26,760
Expenses
$33,172
Net income
-$6,412
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