Civic Intelligence

Eliot Fisk Guitar Academy Inc

EIN 86-1718726 • 501(c)3 • Newton, MA

Profile

Cross-disciplinary music education

77 Beaconwood Rd Ste 12Newton, MA 02461

efgamusic.org

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

12th percentile

-64%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

19th percentile

-54%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

18th percentile

-52%

Faster revenue growth than 18% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$51,614

Down $60,213 (-54%) from 2023

Liabilities

Down

$778

Down $4,102 (-84%) from 2023

Net Assets

Down

$50,836

Down $56,111 (-52%) from 2023

Operations
Liabilities / Revenue70th percentileNet Margin12th percentile

Revenue

Down

$72,171

Down $77,534 (-52%) from 2023

Expenses

Up

$118,282

Up $3,864 (+3.4%) from 2023

Net Income

Down

-$46,111

Down $81,398 (-231%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

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

$150K$100K$50K$0Assets 2021: $73,867Liabilities 2021: $0Net Assets 2021: $73,8672021Assets 2022: $78,063Liabilities 2022: $6,403Net Assets 2022: $71,6602022Assets 2023: $111,827Liabilities 2023: $4,880Net Assets 2023: $106,9472023Assets 2024: $51,614Liabilities 2024: $778Net Assets 2024: $50,8362024

Highlighted filing

2024

Assets$51,614
Liabilities$778
Net Assets$50,836
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $107,461Expenses 2021: $33,594Net Income 2021: $73,8672021Revenue 2022: $55,570Expenses 2022: $57,777Net Income 2022: -$2,2072022Revenue 2023: $149,705Expenses 2023: $114,418Net Income 2023: $35,2872023Revenue 2024: $72,171Expenses 2024: $118,282Net Income 2024: -$46,1112024

Highlighted filing

2024

Revenue$72,171
Expenses$118,282
Net Income-$46,111
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,614
Liabilities
$778
Net assets
$50,836
Revenue
$72,171
Expenses
$118,282
Net income
-$46,111
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$0.72$1.18$0.46
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.05$1.07$1.50$1.14$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.06$0.72$0.56$0.58$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$1.07$0.34$0.74
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 21, 2025
Return Version
2024v5.0
Gross Receipts
$72,171
Mission and Program Overview

Mission

Cross-disciplinary music education

Program Services

DescriptionGrantsExpenses
MUSIC FESTIVALS AND EDUCATION-$118,282
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN DOLANVice President And Director-$0--
ELIOT FISKPresident And DirectorPT$0--
DAVID MALVINNISecretarytreasurer And DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Eliot Fisk Guitar Academy Inc
EIN
86-1718726
In Care Of
% ELIOT FISK
Phone
6172300175
Address
77 BEACONWOOD RD STE 12, NEWTON, MA 02461

Signing Officer

Name
Eliot Fisk
Title
President and Director
Phone
6172300175
Signed
2025-03-21
Discuss with paid preparer
Yes

Preparer

Firm
Rick Bornstein CPA
Address
52 Edwin Place, Asheville, NC 28801
Preparer
Rick Bornstein CPA
Phone
5056997843
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountADVERTISING AND MARKETING 801PROGRAM EXPENSES 34,516GENERAL AND ADMINISTRATIVE 4,407COMMUNITY SUPPORT 19,000”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearCREDIT CARD PAYABLE 5,658 778”

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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DAVID MALVINNI
IRS990EZ/BooksInCareOfDetail/PhoneNum06172300175
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt077 BEACONWOOD RD Ste 12
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEWTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002461
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0102605
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt051614
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt072171
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-46111
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt059558
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0102605
IRS990EZ/Form990TotalAssetsGrp/EOYAmt051614
IRS990EZ/GrossReceiptsAmt072171
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt096947
IRS990EZ/NetAssetsOrFundBalancesEOYAmt050836
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt096947
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt050836
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt120.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KEVIN DOLAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ELIOT FISK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVID MALVINNI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDENT AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARYTREASURER AND DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt058724
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PrimaryExemptPurposeTxt0CROSS-DISCIPLINARY MUSIC EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MUSIC FESTIVALS AND EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0118282
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05658
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0778
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0118282
IRS990EZ/TotalProgramServiceExpensesAmt0118282
IRS990EZ/TotalRevenueAmt072171
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0EFGAMUSIC.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt072171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0149705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt053056
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt041163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0316095
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80270
IRS990ScheduleA/PublicSupportPY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0253739
IRS990ScheduleA/SubstantialContributorsTotAmt062356
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt072171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0149705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt053056
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt041163
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0316095
IRS990ScheduleA/TotalSupportAmt0316095
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountADVERTISING AND MARKETING 801PROGRAM EXPENSES 34,516GENERAL AND ADMINISTRATIVE 4,407COMMUNITY SUPPORT 19,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearCREDIT CARD PAYABLE 5,658 778
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIOT FISK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06172300175
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELIOT FISK GUITAR ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0ELIO
ReturnHeader/Filer/EIN0861718726
ReturnHeader/Filer/InCareOfNm0% ELIOT FISK
ReturnHeader/Filer/PhoneNum06172300175
ReturnHeader/Filer/USAddress/AddressLine1Txt077 BEACONWOOD RD STE 12
ReturnHeader/Filer/USAddress/CityNm0NEWTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002461
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0884265459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rick Bornstein CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt052 Edwin Place
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Asheville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028801
ReturnHeader/PreparerPersonGrp/PhoneNum05056997843
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICK BORNSTEIN CPA
ReturnHeader/ReturnTs02025-03-21T16:35:44-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.