Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.67x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
95th percentile
Higher net margin than 95% 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
Score unavailable
A valid growth rate could not be computed from the available filing history.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Up$2,948
Up $2,948 from 2018
Net Assets
Up$978
Up $2,649 (+159%) from 2018
Liabilities
Up$1,970
Up $299 (+18%) from 2018
Revenue And Expenses
Revenue
Up$4,000
Up $4,000 from 2018
Expenses
Down$1,351
Down $320 (-19%) from 2018
Net Income
Up$2,649
Up $4,320 (+259%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Oct 28, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $4,000
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
| Description | Grants | Expenses |
|---|---|---|
| NONE DUE TO INFANCY OF ORGANIZATION. WILL COMMENCE IN FUTURE YEAR. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RACHEL A GIM | President | PT | $0 | - | - |
| JASON S GIM | Treasurer | - | $0 | - | - |
| HYUN SUN GIM | Secretary | - | $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
- 2020-10-28
- 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 16 - Other Expenses
“Description: bank fees. Amount: 31. Description: franchise tax board - filing fee. Amount: 10. Total to form 990-ez, line 16: 41.”
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: 1,671. End of year amount: 1,671. Description: accumulated organizational costs. Beg. Of year amount: -1,671. End of year amount: -1,671.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: due to officer. Beg. Of year amount: 1,671. End of year amount: 1,970.”
Raw XML Appendix137 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 | JASON S GIM |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3104151300 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 25849 FLEMMING PL |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | STEVENSON RANCH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 91381 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2948 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 4000 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2649 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1310 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 2948 |
| IRS990EZ/GrossReceiptsAmt | 0 | 4000 |
| 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 | -1671 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 978 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -1671 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 978 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 7.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RACHEL A GIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JASON S GIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | HYUN SUN GIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 41 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | NONE DUE TO INFANCY OF ORGANIZATION. WILL COMMENCE IN FUTURE YEAR. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| 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 | 1671 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1970 |
| 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 | 1351 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 4000 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | NONE |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 4000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 4000 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 4000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 4000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 4000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 4000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK FEES. AMOUNT: 31. DESCRIPTION: FRANCHISE TAX BOARD - FILING FEE. AMOUNT: 10. TOTAL TO FORM 990-EZ, LINE 16: 41. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE 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/ExplanationTxt | 2 | DESCRIPTION: ORGANIZATIONAL COSTS. BEG. OF YEAR AMOUNT: 1,671. END OF YEAR AMOUNT: 1,671. DESCRIPTION: ACCUMULATED ORGANIZATIONAL COSTS. BEG. OF YEAR AMOUNT: -1,671. END OF YEAR AMOUNT: -1,671. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: DUE TO OFFICER. BEG. OF YEAR AMOUNT: 1,671. END OF YEAR AMOUNT: 1,970. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 12, SALARIES, OTHER COMPENSATION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| 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/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JASON S GIM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3104151300 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-10-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MUSICAL ROUNDS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MUSI |
| ReturnHeader/Filer/EIN | 0 | 824660636 |
| ReturnHeader/Filer/PhoneNum | 0 | 3108203040 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 25849 FLEMMING PL |
| ReturnHeader/Filer/USAddress/CityNm | 0 | STEVENSON RANCH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 91381 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 45F106336375C9050DE585950CAF215CBC9A4899 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 5223743D58CB8A77F188072D2EF519D81E029AF6 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 64.183.109.150 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-10-28 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | PD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 18:16:47 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 954744428 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SEDACCA ACCOUNTANCY CORPORATION |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 11661 SAN VICENTE BLVD SUITE 609 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LOS ANGELES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 90049 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3108203040 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEFFREY SEDACCA |
| ReturnHeader/ReturnTs | 0 | 2020-11-06T10:28:59-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $2,948
- Liabilities
- $1,970
- Net assets
- $978
- Revenue
- $4,000
- Expenses
- $1,351
- Net income
- $2,649