Civic Intelligence

Spreadmusicnow Inc

EIN 83-0713289 • 501(c)3 • Redding, CT

Profile

Spreadmusicnow funds high-quality music education in and out of the classroom that puts underserved students on a path to college, career, and life success.

5 N Main StreetRedding, CT 06896

www.spreadmusicnow.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

91st percentile

77%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$240,004

Up $104,742 (+77%) from 2023

Liabilities

Up

$10,068

Up $10,068 from 2023

Net Assets

Up

$229,936

Up $94,674 (+70%) from 2023

Revenue

Up

$137,266

Up $27,114 (+25%) from 2023

Expenses

Up

$42,592

Up $26,996 (+173%) from 2023

Net Income

Up

$94,674

Up $118 (+0.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2019: $38,790Liabilities 2019: $4,442Net Assets 2019: $34,3482019Assets 2020: $25,858Liabilities 2020: $0Net Assets 2020: $25,8582020Assets 2021: $14,619Liabilities 2021: $0Net Assets 2021: $14,6192021Assets 2022: $40,706Liabilities 2022: $0Net Assets 2022: $40,7062022Assets 2023: $135,262Liabilities 2023: $0Net Assets 2023: $135,2622023Assets 2024: $240,004Liabilities 2024: $10,068Net Assets 2024: $229,9362024

Highlighted filing

2024

Assets$240,004
Liabilities$10,068
Net Assets$229,936

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $126,501Expenses 2019: $95,420Net Income 2019: $31,0812019Revenue 2020: $199,605Expenses 2020: $208,095Net Income 2020: -$8,4902020Revenue 2021: $23,546Expenses 2021: $34,785Net Income 2021: -$11,2392021Revenue 2022: $92,621Expenses 2022: $66,534Net Income 2022: $26,0872022Revenue 2023: $110,152Expenses 2023: $15,596Net Income 2023: $94,5562023Revenue 2024: $137,266Expenses 2024: $42,592Net Income 2024: $94,6742024

Highlighted filing

2024

Revenue$137,266
Expenses$42,592
Net Income$94,674

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$137,266
Mission and Program Overview

Mission

Spreadmusicnow funds high-quality music education in and out of the classroom that puts underserved students on a path to college, career, and life success.

Program Services

DescriptionGrantsExpenses
WE SUPPORT INDEPENDENT, COMMUNITY-BASED INITIATIVES THAT PROVIDE ENGAGING AND INNOVATIVE MUSIC INSTRUCTION OUTSIDE OF THE CLASSROOM. THROUGH THIS BROAD-BASED APPROACH, WE PROVIDE OUR DONORS WITH THE CONFIDENCE THAT THEIR GENEROSITY OFFERS THE HIGHEST QUALITY MUSIC EDUCATION TO THE GREATEST NUMBER OF UNDERSERVED YOUTH.$0$24,346
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GREGORY S YOUNGPresident-$0--
RICHARD J WENNINGTreasurer-$0--
MARVIN MCNEILBoard Member-$0--
ROBERT MARSBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Spreadmusicnow Inc
EIN
83-0713289
Phone
3036017454
Address
5 N MAIN STREET, REDDING, CT 06896

Signing Officer

Name
Richard J Wenning
Title
Treasurer
Phone
3036017454
Signed
2025-11-04
Discuss with paid preparer
Yes

Preparer

Firm
Capossela Cohen LLC
Address
368 CENTER STREET, SOUTHPORT, CT 06890
Preparer
Joseph V Barranca CPA
Phone
2032547000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 4. Description: dividend income. Amount: 7,169. Total included on form 990-ez, line 4: 7,173.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 2,716.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: interest expense. Amount: 101. Description: charitable contributions. Amount: 8,011. Description: insurance. Amount: 1,126. Description: bank and credit card fees. Amount: 27. Description: travel & lodging. Amount: 1,355. Description: the granite program expenses. Amount: 24,346. Total to form 990-ez, line 16: 34,966.

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

Description: investments at fair value. Beg. Of year amount: 0. End of year amount: 2,755. Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 35,565.

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

Description: credit card liability. Beg. Of year amount: 0. End of year amount: 10,068.

Raw XML Appendix166 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
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IRS990EZ/OtherExpensesTotalAmt034966
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IRS990EZ/PrimaryExemptPurposeTxt0SPREADMUSICNOW FUNDS HIGH-QUALITY MUSIC EDUCATION IN AND OUT OF THE CLASSROOM THAT PUTS UNDERSERVED STUDENTS ON A PATH TO COLLEGE, CAREER, AND LIFE SUCCESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WE SUPPORT INDEPENDENT, COMMUNITY-BASED INITIATIVES THAT PROVIDE ENGAGING AND INNOVATIVE MUSIC INSTRUCTION OUTSIDE OF THE CLASSROOM. THROUGH THIS BROAD-BASED APPROACH, WE PROVIDE OUR DONORS WITH THE CONFIDENCE THAT THEIR GENEROSITY OFFERS THE HIGHEST QUALITY MUSIC EDUCATION TO THE GREATEST NUMBER OF UNDERSERVED YOUTH.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/WebsiteAddressTxt0WWW.SPREADMUSICNOW.ORG
IRS990ScheduleA/FactsAndCircumstancesTestTxt0SPREADMUSICNOW MEETS THE 10% FACTS AND CIRCUMSTANCES TEST BECAUSE IT RECEIVES MORE THAN 10% OF ITS PUBLIC SUPPORT AND DEMONSTRATES A COMMITMENT TO CONTINUOUS PUBLIC ENGAGEMENT THROUGH A BONA FIDE SOLICITATION PROGRAM AND PUBLIC-BENEFIT SERVICES. OUR GOVERNING BOARD REPRESENTS BROAD PUBLIC INTERESTS, AND OUR ACTIVITIES ARE OPEN TO AND BENEFIT THE GENERAL PUBLIC. FOR THESE REASONS, THE ORGANIZATION IS IN THE NATURE OF A PUBLICLY SUPPORTED ORGANIZATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 4. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 7,169. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 7,173.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION. AMOUNT: 2,716.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INTEREST EXPENSE. AMOUNT: 101. DESCRIPTION: CHARITABLE CONTRIBUTIONS. AMOUNT: 8,011. DESCRIPTION: INSURANCE. AMOUNT: 1,126. DESCRIPTION: BANK AND CREDIT CARD FEES. AMOUNT: 27. DESCRIPTION: TRAVEL & LODGING. AMOUNT: 1,355. DESCRIPTION: THE GRANITE PROGRAM EXPENSES. AMOUNT: 24,346. TOTAL TO FORM 990-EZ, LINE 16: 34,966.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: INVESTMENTS AT FAIR VALUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,755. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 35,565.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: CREDIT CARD LIABILITY. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,068.
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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/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/EIN0830713289
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