Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.41x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
54th percentile
Higher net margin than 54% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Balance Sheet
Assets
Up$7,881
Up $3,485 (+79%) from 2020
Net Assets
Up$4,659
Up $6,454 (+360%) from 2020
Liabilities
Down$3,222
Down $2,969 (-48%) from 2020
Revenue And Expenses
Revenue
Up$58,134
Up $21,842 (+60%) from 2020
Expenses
Up$51,680
Up $13,320 (+35%) from 2020
Net Income
Up$6,454
Up $8,522 (+412%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 8, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $96,088
Mission and Program Overview
Mission
Fundraising for charities.
To provide a unique platform for the music community to unite for a cause. We raise funds and awareness for non-profits or a community cause in need in the arease of Arts and Humanities, to foster health, education, and solidarity in the music community.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Provides DJ, musicians, and artists to raise funds for a community and supports existing charites in need. | $0 | $46,570 |
| Provide a platform to sell products related to music and positivity wear. Proceeds go to the communities in need. | $0 | $37,954 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Monica Martines | President | PT | $0 | - | - |
| Alexander Mejia | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Beats 4 Hope Inc
- EIN
- 81-5361261
- Phone
- 3109271454
- Address
- 43575 Mission Blvd 204, Fremont, CA 94539
Signing Officer
- Name
- Monica J Martines
- Title
- CFO
- Phone
- 3109271454
- Signed
- 2022-11-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Poole Foster & Dul an Accountancy Corp
- Address
- 12241 Newport Ave Ste 100, North Tustin, CA 92705
- Preparer
- Cynthia M Foster
- Phone
- 7145581921
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 7 - Sales of Inventory
“Income: Gross Receipts: 62,216. Returns and Allowances: 0. Less Cost of Goods Sold: 37,954. Gross Profit: 24,262. Cost of Goods Sold: Inventory at Beginning of Year: 0. Merchandise Purchased: 35,236. Cost of Labor: 0. Materials and Supplies: 0. Other Costs: 2,718. Inventory at End of Year: 0. Cost of Goods Sold: 37,954.”
Form 990-EZ, Part I, Line 7B - Other Costs
“Description: Merchant fees. Amount: 2,718.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Memberships & subscriptions. Amount: 1,078. Description: Office supplies. Amount: 40. Description: Taxes and fees. Amount: 65. Description: Miscellaneous. Amount: 157. Description: Supplies and materials. Amount: 305. Description: Services for program purpose. Amount: 46,570. Total to Form 990-EZ, line 16: 48,215.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Credit card payable. Beg. of Year Amount: 0. End of Year Amount: 1,510. Description: Sales tax payable. Beg. of Year Amount: 0. End of Year Amount: 1,712. Description: Accrued expenses. Beg. of Year Amount: 6,191. End of Year Amount: 0.”
Raw XML Appendix155 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/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | The Organization |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3109271454 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 43575 Mission Blvd 204 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Fremont |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 94539 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 4396 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 7881 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 33872 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 37954 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 6454 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3290 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 4396 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 7881 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 24262 |
| IRS990EZ/GrossReceiptsAmt | 0 | 96088 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 62216 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -1795 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 4659 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -1795 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 4659 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 28.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 21.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Monica Martines |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Alexander Mejia |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 48215 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To provide a unique platform for the music community to unite for a cause. We raise funds and awareness for non-profits or a community cause in need in the arease of Arts and Humanities, to foster health, education, and solidarity in the music community. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 175 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Provides DJ, musicians, and artists to raise funds for a community and supports existing charites in need. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Provide a platform to sell products related to music and positivity wear. Proceeds go to the communities in need. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 46570 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 37954 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 6191 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3222 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 51680 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 84524 |
| IRS990EZ/TotalRevenueAmt | 0 | 58134 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | beats4hope.com |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 33872 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 36292 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5100 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43975 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 57903 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 177142 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 62216 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 62216 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 239358 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 96088 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 36292 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5100 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43975 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 57903 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 239358 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 96088 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 36292 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 5100 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 43975 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 57903 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 239358 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Income: Gross Receipts: 62,216. Returns and Allowances: 0. Less Cost of Goods Sold: 37,954. Gross Profit: 24,262. Cost of Goods Sold: Inventory at Beginning of Year: 0. Merchandise Purchased: 35,236. Cost of Labor: 0. Materials and Supplies: 0. Other Costs: 2,718. Inventory at End of Year: 0. Cost of Goods Sold: 37,954. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Merchant fees. Amount: 2,718. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: Memberships & subscriptions. Amount: 1,078. Description: Office supplies. Amount: 40. Description: Taxes and fees. Amount: 65. Description: Miscellaneous. Amount: 157. Description: Supplies and materials. Amount: 305. Description: Services for program purpose. Amount: 46,570. Total to Form 990-EZ, line 16: 48,215. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: Credit card payable. Beg. of Year Amount: 0. End of Year Amount: 1,510. Description: Sales tax payable. Beg. of Year Amount: 0. End of Year Amount: 1,712. Description: Accrued expenses. Beg. of Year Amount: 6,191. End of Year Amount: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 7 - Sales of Inventory |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 7b - Other Costs |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Monica J Martines |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CFO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3109271454 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Beats 4 Hope Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BEAT |
| ReturnHeader/Filer/EIN | 0 | 815361261 |
| ReturnHeader/Filer/PhoneNum | 0 | 3109271454 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 43575 Mission Blvd 204 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Fremont |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94539 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 952793752 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Poole Foster & Dul an Accountancy Corp |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 12241 Newport Ave Ste 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | North Tustin |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 92705 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7145581921 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Cynthia M Foster |
| ReturnHeader/ReturnTs | 0 | 2022-11-10T17:25:57-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Monica |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Martines |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $7,881
- Liabilities
- $3,222
- Net assets
- $4,659
- Revenue
- $58,134
- Expenses
- $51,680
- Net income
- $6,454