Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Spreadmusicnow Inc.
990EZ • Fiscal year 2020 • EIN 83-0713289
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
97th percentile
Higher top officer pay than 97% of similar nonprofits.
Top officer pay equals 40.1% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Balance Sheet
Assets
Down$25,858
Down $12,932 (-33%) from 2019
Net Assets
Down$25,858
Down $8,490 (-25%) from 2019
Liabilities
Down$0
Down $4,442 (-100%) from 2019
Revenue And Expenses
Revenue
Up$199,605
Up $73,104 (+58%) from 2019
Expenses
Up$208,095
Up $112,675 (+118%) from 2019
Net Income
Down-$8,490
Down $39,571 (-127%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Oct 28, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $199,605
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
| Description | Grants | Expenses |
|---|---|---|
| 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 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TOM BAGGOTT | Executive Director | FT | $80,000 | - | $80,000 |
| GREGORY S YOUNG | President | - | $0 | - | - |
| RICHARD J WENNING | Treasurer | - | $0 | - | - |
| MARVIN MCNEIL | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Spreadmusicnow Inc
- EIN
- 83-0713289
- Phone
- 2039389000
- Address
- PO BOX 1330, REDDING, CT 06875
Signing Officer
- Name
- Richard J Wenning
- Title
- Treasurer
- Phone
- 2039389000
- Signed
- 2021-10-28
- 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. Amount: 1. Description: dividend. Amount: 34. Total included on form 990-ez, line 4: 35.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising and marketing. Amount: 85,456. Description: dues, subscriptions and other fees. Amount: 770. Description: insurance. Amount: 3,379. Description: entertainment. Amount: 301. Description: office expense. Amount: 6,419. Description: payroll taxes. Amount: 6,323. Description: payroll processing fees. Amount: 1,723. Description: travel. Amount: 35. Description: charitable contributions. Amount: 9,000. Total to form 990-ez, line 16: 113,406.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: inventory. Beg. Of year amount: 7,900. End of year amount: 7,900. Description: money market funds. Beg. Of year amount: 19,781. End of year amount: 11,865.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: credit card payable. Beg. Of year amount: 4,442. End of year amount: 0.”
Raw XML Appendix159 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 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2039389000 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1330 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | REDDING |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06875 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 11109 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 6093 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 199570 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -8490 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 12049 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 38790 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 25858 |
| IRS990EZ/GrossReceiptsAmt | 0 | 199605 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 35 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 34348 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 25858 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 34348 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 25858 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 1292 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 80000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | GREGORY S YOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RICHARD J WENNING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MARVIN MCNEIL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TOM BAGGOTT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | EXECUTIVE DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 27681 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 19765 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 113406 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1348 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 80000 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CT |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 4442 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| 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 | 208095 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 199605 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.SPREADMUSICNOW.ORG |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 199525 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 125782 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 325307 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 35 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 160 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 195 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 603 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 325307 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 199525 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 125782 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 325307 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 325502 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 1. DESCRIPTION: DIVIDEND. AMOUNT: 34. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 35. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING AND MARKETING. AMOUNT: 85,456. DESCRIPTION: DUES, SUBSCRIPTIONS AND OTHER FEES. AMOUNT: 770. DESCRIPTION: INSURANCE. AMOUNT: 3,379. DESCRIPTION: ENTERTAINMENT. AMOUNT: 301. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 6,419. DESCRIPTION: PAYROLL TAXES. AMOUNT: 6,323. DESCRIPTION: PAYROLL PROCESSING FEES. AMOUNT: 1,723. DESCRIPTION: TRAVEL. AMOUNT: 35. DESCRIPTION: CHARITABLE CONTRIBUTIONS. AMOUNT: 9,000. TOTAL TO FORM 990-EZ, LINE 16: 113,406. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 7,900. END OF YEAR AMOUNT: 7,900. DESCRIPTION: MONEY MARKET FUNDS. BEG. OF YEAR AMOUNT: 19,781. END OF YEAR AMOUNT: 11,865. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 4,442. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| 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 | RICHARD J WENNING |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2039389000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-10-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SPREADMUSICNOW INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SPRE |
| ReturnHeader/Filer/EIN | 0 | 830713289 |
| ReturnHeader/Filer/PhoneNum | 0 | 2039389000 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1330 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | REDDING |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 06875 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 061415579 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAPOSSELA COHEN LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 368 CENTER STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SOUTHPORT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 06890 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2032547000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-10-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOSEPH V BARRANCA CPA |
| ReturnHeader/ReturnTs | 0 | 2021-11-15T16:02:04-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | RICHARD |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WENNING |
| 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
- $25,858
- Liabilities
- $0
- Net assets
- $25,858
- Revenue
- $199,605
- Expenses
- $208,095
- Net income
- -$8,490