Civic Intelligence

Volta Music Foundation Inc.

990EZ • Fiscal year 2018 • EIN 83-2167948

Oct 04, 2018 to Dec 31, 2018 • Filed on Jun 20, 2019

Organization Profilewww.voltamusicfoundation.org
2318 S Cypress Bend Dr 125Pompano Beach, FL 33069

(305) 910-7230

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

31.20x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.27x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

$41

No earlier filing loaded for comparison.

Net Assets

-$1,238

No earlier filing loaded for comparison.

Liabilities

$1,279

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin13th percentile

Revenue

$4,690

No earlier filing loaded for comparison.

Expenses

$5,928

No earlier filing loaded for comparison.

Net Income

-$1,238

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2018: $41Liabilities 2018: $1,279Net Assets 2018: -$1,2382018Assets 2019: $9,013Liabilities 2019: $0Net Assets 2019: $9,0132019Assets 2020: $47,654Liabilities 2020: $0Net Assets 2020: $47,6542020Assets 2021: $44,955Net Assets 2021: $44,9552021Assets 2023: $44,330Liabilities 2023: $6,409Net Assets 2023: $37,9212023Assets 2024: $196,988Liabilities 2024: $63,445Net Assets 2024: $133,5432024Assets 2025: $318,108Liabilities 2025: $7,064Net Assets 2025: $311,0442025

Highlighted filing

2018

Assets$41
Liabilities$1,279
Net Assets-$1,238
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $4,690Expenses 2018: $5,928Net Income 2018: -$1,2382018Revenue 2019: $13,923Expenses 2019: $3,672Net Income 2019: $10,2512019Revenue 2020: $67,374Expenses 2020: $28,733Net Income 2020: $38,6412020Revenue 2021: $110,711Expenses 2021: $113,410Net Income 2021: -$2,6992021Revenue 2023: $178,745Expenses 2023: $234,232Net Income 2023: -$55,4872023Revenue 2024: $521,678Expenses 2024: $426,056Net Income 2024: $95,6222024Revenue 2025: $774,754Expenses 2025: $597,253Net Income 2025: $177,5012025

Highlighted filing

2018

Revenue$4,690
Expenses$5,928
Net Income-$1,238
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 4, 2018 to Dec 31, 2018
Signed
Jun 20, 2019
Return Version
2018v3.1
Gross Receipts
$4,690
Mission and Program Overview

Mission

Volta music foundations mission is to provide students in underserved communities the opportunity to advance their musical careers through a variety of educational programs and talent development opportunities.

The organization seeks to enrich the development of classical music education in Latin American countries by donating needed supplies and by providing training on maintenance and repair of instruments.

Program Services

DescriptionGrantsExpenses
Havana Classical Music Festival: The Festival lasted a week, included free masterclasses in Violin, Viola, Cello, Double bass and piano to students between the ages of 12 and 18. A guest luthier gave a workshop on bow maintenance for string players and repair musical instruments at no charge.$4,690$4,712
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YALYEN SAVIGNONPresident/Executive DirectorPT$0--
RENE H MALESTreasurer-$0--
EMILY S DANSONSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Volta Music Foundation Inc
EIN
83-2167948
Phone
3059107230
Address
2318 S CYPRESS BEND DR 125, POMPANO BEACH, FL 33069

Signing Officer

Name
Yalyen Savignon
Title
Director
Phone
3059107230
Signed
2019-06-20

Preparer

Firm
Alexis Frometa Pa
Address
3191 CORAL WAY STE 404A, MIAMI, FL 33145
Preparer
Alexis Frometa
Phone
3053191071
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

“Havana Classical Music Festival; MUSIC EVENT; students between the ages of 12 and 18: , HAVANA, CUBA, , ; , 4712.”

Form 990EZ, Part I, Line 16

“Website, domain expenses 841.”

Form 990EZ, Part II, Line 26

“Loan from members 0. 1279.”

Raw XML Appendix147 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/PersonNm1RENE H MALES
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0841
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The organization seeks to enrich the development of classical music education in Latin American countries by donating needed supplies and by providing training on maintenance and repair of instruments.
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt04690
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Havana Classical Music Festival; MUSIC EVENT; students between the ages of 12 and 18: , HAVANA, CUBA, , ; , 4712.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LOAN FROM MEMBERS 0. 1279.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VOLTA MUSIC FOUNDATION INC
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ReturnHeader/Filer/EIN0832167948
ReturnHeader/Filer/PhoneNum03059107230
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ReturnHeader/FilingSecurityInformation/IPTm007:29:22
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03191 CORAL WAY STE 404A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
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ReturnHeader/PreparerPersonGrp/PhoneNum03053191071
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEXIS FROMETA
ReturnHeader/ReturnTs02019-06-20T07:29:25-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-04
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41
Liabilities
$1,279
Net assets
-$1,238
Revenue
$4,690
Expenses
$5,928
Net income
-$1,238
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.18$0.07$3.11$7.75$5.97$1.78
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.63$1.34$5.22$4.26$0.96
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.06$0.38$1.79$2.34$0.55
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.45$1.11$1.13$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.67$0.29$0.39
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.14$0.04$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.05$0.06$0.01