Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
2.45x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% 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
8th percentile
Faster asset growth than 8% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$805
Down $810 (-50%) from 2020
Net Assets
Down-$1,165
Down $810 (-228%) from 2020
Liabilities
Flat$1,970
Flat from 2020
Revenue And Expenses
Revenue
Up$695
Up $695 from 2020
Expenses
Up$1,505
Up $172 (+13%) from 2020
Net Income
Up-$810
Up $523 (+39%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Oct 20, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $695
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 2021 MAINLY DUE TO FOLLOWING COVID-19 PRECAUTIONS | $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
- 2022-10-20
- 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: 176. Description: website fees. Amount: 229. Total to form 990-ez, line 16: 405.”
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: . 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 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 | 1615 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 805 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 695 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -810 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1100 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 1615 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 805 |
| IRS990EZ/GrossReceiptsAmt | 0 | 695 |
| 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 | -355 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -1165 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -355 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -1165 |
| 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 | 405 |
| 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 2021 MAINLY DUE TO FOLLOWING COVID-19 PRECAUTIONS |
| 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 | 1505 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 695 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | NONE |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 695 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 4695 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 4695 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 695 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 4695 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 4695 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK FEES. AMOUNT: 176. DESCRIPTION: WEBSITE FEES. AMOUNT: 229. TOTAL TO FORM 990-EZ, LINE 16: 405. |
| 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: . 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 | 3 |
| 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 | 2022-10-20 |
| 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 | 2022-11-09T10:57:23-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JASON |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GIM |
| 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
- $805
- Liabilities
- $1,970
- Net assets
- -$1,165
- Revenue
- $695
- Expenses
- $1,505
- Net income
- -$810