Civic Intelligence

Musical Rounds Inc.

990EZ • Fiscal year 2018 • EIN 82-4660636

Feb 15, 2018 to Dec 31, 2018 • Filed on Oct 29, 2019

Organization ProfileNONE
25849 Flemming PlStevenson Ranch, CA 91381

(310) 820-3040

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$0

No earlier filing loaded for comparison.

Net Assets

-$1,671

No earlier filing loaded for comparison.

Liabilities

$1,671

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$1,671

No earlier filing loaded for comparison.

Net Income

-$1,671

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0K$2.0K$0-$2.0KAssets 2018: $0Liabilities 2018: $1,671Net Assets 2018: -$1,6712018Assets 2019: $2,948Liabilities 2019: $1,970Net Assets 2019: $9782019Assets 2020: $1,615Liabilities 2020: $1,970Net Assets 2020: -$3552020Assets 2021: $805Liabilities 2021: $1,970Net Assets 2021: -$1,1652021Assets 2022: $294Liabilities 2022: $980Net Assets 2022: -$6862022Assets 2023: $0Liabilities 2023: $686Net Assets 2023: -$6862023Assets 2024: $0Liabilities 2024: $686Net Assets 2024: -$6862024

Highlighted filing

2018

Assets$0
Liabilities$1,671
Net Assets-$1,671
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0K$2.0K$0-$2.0KRevenue 2018: $0Expenses 2018: $1,671Net Income 2018: -$1,6712018Revenue 2019: $4,000Expenses 2019: $1,351Net Income 2019: $2,6492019Revenue 2020: $0Expenses 2020: $1,333Net Income 2020: -$1,3332020Revenue 2021: $695Expenses 2021: $1,505Net Income 2021: -$8102021Revenue 2022: $2,000Expenses 2022: $1,521Net Income 2022: $4792022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2018

Revenue$0
Expenses$1,671
Net Income-$1,671
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Feb 15, 2018 to Dec 31, 2018
Signed
Oct 29, 2019
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

The organization provides music to patients who are in care facilities or hospitals. Furthermore, the organization serves as a platform to provide young people the opportunity to be creative and direct this creativeness toward elderly people who enjoy the sounds of instrumental music and its inherent curative properties.

Program Services

DescriptionGrantsExpenses
NONE - FIRST YEAR OF OPERATIONS$0$0
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RACHEL A GIMPresidentPT$0--
JASON S GIMTreasurer-$0--
HYUN SUN GIMSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Musical Rounds Inc
EIN
82-4660636
Phone
3108203040
Address
25849 FLEMMING PL, STEVENSON RANCH, CA 91381

Signing Officer

Name
Jason S Gim
Title
Treasurer
Phone
3104151300
Signed
2019-10-29
Discuss with paid preparer
Yes

Preparer

Firm
Sedacca Accountancy Corporation
Address
11661 SAN VICENTE BLVD SUITE 609, LOS ANGELES, CA 90049
Preparer
Jeffrey Sedacca
Phone
3108203040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

“Description: depreciation/amortization. Amount: 1,671.”

Form 990-ez, Part I, Line 12, Salaries, Other Compensation

“The president of the organization dedicates 7 hours per week providing services to the organization but did not receive compensation attributable to services rendered.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: organizational costs . Beg. Of year amount: 0. End of year amount: 1,671. Description: accumulated organizational costs . Beg. Of year amount: 0. End of year amount: -1,671.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to officer . Beg. Of year amount: 0. End of year amount: 1,671.”

Raw XML Appendix132 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JASON S GIM
IRS990EZ/BooksInCareOfDetail/PhoneNum03104151300
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt025849 FLEMMING PL
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STEVENSON RANCH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091381
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-1671
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GrossReceiptsAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-1671
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-1671
IRS990EZ/OccupancyRentUtltsAndMaintAmt01671
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt07.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RACHEL A GIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JASON S GIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2HYUN SUN GIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION PROVIDES MUSIC TO PATIENTS WHO ARE IN CARE FACILITIES OR HOSPITALS. FURTHERMORE, THE ORGANIZATION SERVES AS A PLATFORM TO PROVIDE YOUNG PEOPLE THE OPPORTUNITY TO BE CREATIVE AND DIRECT THIS CREATIVENESS TOWARD ELDERLY PEOPLE WHO ENJOY THE SOUNDS OF INSTRUMENTAL MUSIC AND ITS INHERENT CURATIVE PROPERTIES.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NONE - FIRST YEAR OF OPERATIONS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01671
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt01671
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NONE
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS IS THE INITIAL YEAR THE ORGANIZATION IS FILING A TAX RETURN AS IT WAS FORMED ON FEBRUARY 15, 2018 AND AS SUCH IS A SHORT YEAR TAX RETURN FILING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/TotalSupportAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 1,671.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF THE ORGANIZATION DEDICATES 7 HOURS PER WEEK PROVIDING SERVICES TO THE ORGANIZATION BUT DID NOT RECEIVE COMPENSATION ATTRIBUTABLE TO SERVICES RENDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ORGANIZATIONAL COSTS . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,671. DESCRIPTION: ACCUMULATED ORGANIZATIONAL COSTS . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: -1,671.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO OFFICER . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,671.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 12, SALARIES, OTHER COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON S GIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03104151300
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSICAL ROUNDS INC
ReturnHeader/Filer/BusinessNameControlTxt0MUSI
ReturnHeader/Filer/EIN0824660636
ReturnHeader/Filer/PhoneNum03108203040
ReturnHeader/Filer/USAddress/AddressLine1Txt025849 FLEMMING PL
ReturnHeader/Filer/USAddress/CityNm0STEVENSON RANCH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091381
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId045F106336375C9050DE585950CAF215CBC9A4899
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId045F106336375C9050DE585950CAF215CBC9A4899
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.183.109.150
ReturnHeader/FilingSecurityInformation/IPDt02019-10-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:07:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954744428
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEDACCA ACCOUNTANCY CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011661 SAN VICENTE BLVD SUITE 609
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090049
ReturnHeader/PreparerPersonGrp/PhoneNum03108203040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY SEDACCA
ReturnHeader/ReturnTs02019-10-29T16:58:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-02-15
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
$0
Liabilities
$1,671
Net assets
-$1,671
Revenue
$0
Expenses
$1,671
Net income
-$1,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0$686$686$0$0$0
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0$686$686$0$0$0
2022Detailed filing. Detailed filing data is available for this year.$294$980$686$2,000$1,521$479
2021Detailed filing. Detailed filing data is available for this year.$805$1,970$1,165$695$1,505$810
2020Detailed filing. Detailed filing data is available for this year.$1,615$1,970$355$0$1,333$1,333
2019Detailed filing. Detailed filing data is available for this year.$2,948$1,970$978$4,000$1,351$2,649
2018Detailed filing. Detailed filing data is available for this year.$0$1,671$1,671$0$1,671$1,671