Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Polyphony Music Resources Inc.
EIN 87-1148913 • 501(c)3 • Dallas, TX
Pub. 78 Eligible990-N Coverage
Profile
Polyphony aims to nurture church musicians in their ministry and in their well-being so they thrive wherever God calls them. Polyphony is a community of church musicians who love choral and instrumental music and the hymns of the church. We welcome all church musicians who aspire to excellence in worship and the arts. Polyphony exists to nurture church musicians in order to sustain a life-long vocation. We think the art and craft of church music is best learned and practiced in community and so Polyphony will be an antidote to vocational isolation.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.05x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
63rd percentile
Higher net margin than 63% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 29.0% of source-year revenue.
Asset Growth
82nd percentile
Faster asset growth than 82% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Up$54,977
Up $5,997 (+12%) from 2023
Liabilities
Up$2,574
Up $1,620 (+170%) from 2023
Net Assets
Up$52,403
Up $4,377 (+9.1%) from 2023
Revenue
Down$82,897
Down $6,303 (-7.1%) from 2023
Expenses
Up$75,073
Up $2,060 (+2.8%) from 2023
Net Income
Down$7,824
Down $8,363 (-52%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $54,977
- Liabilities
- $2,574
- Net assets
- $52,403
- Revenue
- $82,897
- Expenses
- $75,073
- Net income
- $7,824
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $55.0 | $2.57 | $52.4 | $82.9 | $75.1 | $7.82 |
| 2023Detailed filing. Detailed filing data is available for this year. | $49.0 | $0.95 | $48.0 | $89.2 | $73.0 | $16.2 |
| 2022Detailed filing. Detailed filing data is available for this year. | $31.8 | $0.00 | $31.8 | $59.3 | $39.1 | $20.2 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 22, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $82,897
Mission and Program Overview
Mission
Polyphony aims to nurture church musicians in their ministry and in their well-being so they thrive wherever God calls them. Polyphony is a community of church musicians who love choral and instrumental music and the hymns of the church. We welcome all church musicians who aspire to excellence in worship and the arts. Polyphony exists to nurture church musicians in order to sustain a life-long vocation. We think the art and craft of church music is best learned and practiced in community and so Polyphony will be an antidote to vocational isolation.
Polyphony aims to nurture church musicians in their ministry and in their well-being so they thrive wherever God calls them.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Polyphony aims to nurture church musicians in their ministry and in their well-being so they thrive wherever God calls them. | - | $75,073 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Doug Haney | Executive Director | FT | $24,000 | - | $24,000 |
| Mary Ann Hill | Board Chair | - | $0 | - | - |
| Kyle Damron | Board Member | - | $0 | - | - |
| Maria Monteiro | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Polyphony Music Resources Inc
- EIN
- 87-1148913
- Phone
- 2142052766
- Address
- 1717 Main Street 4600, Dallas, TX 75201
Signing Officer
- Name
- Doug Haney
- Title
- Executive Director
- Signed
- 2025-07-22
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Foard and Company PA
- Address
- 1347 Harding Place, Charlotte, NC 28204
- Preparer
- Terry W Lancaster
- Phone
- 7043721515
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $414”
Other Expenses.1005
“Travel $804”
Other Expenses.1007
“Conferences, Conventions, and Meetings $19427”
Other Expenses.1
“Administrative assistant $6384”
Other Expenses.2
“Communication $4404”
Other Expenses.3
“Member Outreach $2990”
Other Expenses.4
“Donor Development $2742”
Other Expenses.5
“Projects and Research $2358”
Other Expenses.6
“Software $1358”
Other Expenses.7
“Strategic Planning $1000”
Other Expenses.8
“Bank Fees $918”
Other Expenses.9
“Grant Writing $612”
Other Expenses.10
“Phone $232”
Other Expenses.11
“Book allowance $181”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $954 Accounts Payable and Accrued Expenses - Ending $2574”
Raw XML Appendix191 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Phone $232 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Book allowance $181 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7043721515 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Terry W Lancaster |
| ReturnHeader/ReturnTs | 0 | 2025-07-22T04:31:45-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
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