Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.22x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Down$1,615
Down $1,333 (-45%) from 2019
Net Assets
Down-$355
Down $1,333 (-136%) from 2019
Liabilities
Flat$1,970
Flat from 2019
Revenue And Expenses
Revenue
Down$0
Down $4,000 (-100%) from 2019
Expenses
Down$1,333
Down $18 (-1.3%) from 2019
Net Income
Down-$1,333
Down $3,982 (-150%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Oct 20, 2021
- Return Version
- 2020v4.1
- 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
| Description | Grants | Expenses |
|---|---|---|
| NONE DURING 2020 MAINLY DUE TO COVID-19 | $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
- 2021-10-20
- 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: 192. Description: registry of charitable trusts: rrf-1 filing fee. Amount: 25. Description: website fees . Amount: 217. Total to form 990-ez, line 16: 434.”
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: 1,970. End of year amount: 1,970.”
Raw XML Appendix136 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 | 2948 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1615 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1333 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 899 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 2948 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1615 |
| IRS990EZ/GrossReceiptsAmt | 0 | 0 |
| 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 | 978 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -355 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 978 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -355 |
| 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 | 434 |
| 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 DURING 2020 MAINLY DUE TO COVID-19 |
| 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 | 1970 |
| 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 | 1333 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | NONE |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 4000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 4000 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 4000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 4000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 4000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 4000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK FEES. AMOUNT: 192. DESCRIPTION: REGISTRY OF CHARITABLE TRUSTS: RRF-1 FILING FEE. AMOUNT: 25. DESCRIPTION: WEBSITE FEES . AMOUNT: 217. TOTAL TO FORM 990-EZ, LINE 16: 434. |
| 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: 1,970. 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| 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 | 2021-10-20 |
| 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/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 | 2021-10-21T11:44:49-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JASON |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GIM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,615
- Liabilities
- $1,970
- Net assets
- -$355
- Revenue
- $0
- Expenses
- $1,333
- Net income
- -$1,333