Civic Intelligence

Volta Music Foundation Inc.

990EZ • Fiscal year 2020 • EIN 83-2167948

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 23, 2021

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

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

79th percentile

$6,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

429%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

384%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$47,654

Up $38,641 (+429%) from 2019

Net Assets

Up

$47,654

Up $38,641 (+429%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin91st percentile

Revenue

Up

$67,374

Up $53,451 (+384%) from 2019

Expenses

Up

$28,733

Up $25,061 (+682%) from 2019

Net Income

Up

$38,641

Up $28,390 (+277%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

2020

Assets$47,654
Liabilities$0
Net Assets$47,654
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

2020

Revenue$67,374
Expenses$28,733
Net Income$38,641
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 23, 2021
Return Version
2020v4.1
Gross Receipts
$67,374
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
After-School Music Education Programs (SEPTEMBER THROUGH DECEMBER 2020)$0$0
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YALYEN SAVIGNONExecutive & Artistic DirectorPT$6,000-$6,000
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
Executive & Artistic Director
Phone
3059107230
Signed
2021-04-23
Discuss with paid preparer
Yes

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

“DONATION-NAT KING COLE GENERATION HOPE; MUSIC EVENT; NAT KING COLE GENERATION HOPE: 4710 NW 2nd Ave Suite 204, BOCA RATON, FL, 33431; NONE, 1250.”

Form 990EZ, Part I, Line 16

“Advertising & promotion expenses 551.”

Form 990EZ, Part I, Line 16

“INSURANCE EXPENSES 268.”

Form 990EZ, Part I, Line 16

“Miscellaneous expenses 998.”

Form 990EZ, Part I, Line 16

“Music supples & materials 1747.”

Form 990EZ, Part I, Line 16

“STATE FILING FEES 62.”

Form 990EZ, Part I, Line 16

“TRAVEL EXPENSES 601.”

Form 990EZ, Part I, Line 16

“Website, domain expenses 500.”

Form 990EZ, Part II, Line 26

“LOAN FROM MEMBERS 0.”

Raw XML Appendix163 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/PersonNm0YALYEN SAVIGNON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RENE H MALES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2EMILY S DANSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE & ARTISTIC DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt04727
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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/PrintingPublicationsPostageAmt0726
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0After-School Music Education Programs (SEPTEMBER THROUGH DECEMBER 2020)
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt028733
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt067374
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.voltamusicfoundation.org/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt067374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt013923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt085987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt067374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt013923
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04690
IRS990ScheduleA/Total509Grp/TotalAmt085987
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt085987
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATION-NAT KING COLE GENERATION HOPE; MUSIC EVENT; NAT KING COLE GENERATION HOPE: 4710 NW 2nd Ave Suite 204, BOCA RATON, FL, 33431; NONE, 1250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADVERTISING & PROMOTION EXPENSES 551.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INSURANCE EXPENSES 268.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISCELLANEOUS EXPENSES 998.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MUSIC SUPPLES & MATERIALS 1747.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STATE FILING FEES 62.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRAVEL EXPENSES 601.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WEBSITE, DOMAIN EXPENSES 500.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 26
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ReturnHeader/Filer/EIN0832167948
ReturnHeader/Filer/PhoneNum03059107230
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PhoneNum03053191071
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEXIS FROMETA
ReturnHeader/ReturnTs02021-10-14T08:46:33-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YALYEN
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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.

Open filing
Assets
$47,654
Liabilities
$0
Net assets
$47,654
Revenue
$67,374
Expenses
$28,733
Net income
$38,641
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