Civic Intelligence

Icomusic Foundation Corporation

EIN 93-1417759 • 501(c)3 • Muncie, IN

Pub. 78 Eligible

Profile

Corporation will endeavor to operate and offer programs to provide relief of the poor, the distressed, or the underprivileged; advance music education; lessen burdens of government; put musical instruments into children's hands; share instruments and musical experiences; allow underrepresented children access to music education; and inspire creativity and express through music. Participants are selected using objective and nondiscriminatory criteria set by schools, music associations, and similar charitable organizations.

3701 W Peachtree LnMuncie, IN 47304

icomf.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

86th percentile

39%

Higher net margin than 86% 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

95th percentile

209%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

88th percentile

71%

Faster revenue growth than 88% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$31,794

Up $21,504 (+209%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$31,794

Up $21,504 (+209%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin86th percentile

Revenue

Up

$51,800

Up $21,557 (+71%) from 2023

Expenses

Up

$31,644

Up $11,691 (+59%) from 2023

Net Income

Up

$20,156

Up $9,866 (+96%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

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

$40K$30K$20K$10K$0Assets 2023: $10,290Liabilities 2023: $0Net Assets 2023: $10,2902023Assets 2024: $31,794Liabilities 2024: $0Net Assets 2024: $31,7942024

Highlighted filing

2024

Assets$31,794
Liabilities$0
Net Assets$31,794
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$60K$40K$20K$0Revenue 2023: $30,243Expenses 2023: $19,953Net Income 2023: $10,2902023Revenue 2024: $51,800Expenses 2024: $31,644Net Income 2024: $20,1562024

Highlighted filing

2024

Revenue$51,800
Expenses$31,644
Net Income$20,156
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$31,794
Liabilities
$0
Net assets
$31,794
Revenue
$51,800
Expenses
$31,644
Net income
$20,156
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.8$0.00$31.8$51.8$31.6$20.2
2023Detailed filing. Detailed filing data is available for this year.$10.3$0.00$10.3$30.2$20.0$10.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.0
Gross Receipts
$51,800
Mission and Program Overview

Mission

Corporation will endeavor to operate and offer programs to provide relief of the poor, the distressed, or the underprivileged; advance music education; lessen burdens of government; put musical instruments into children's hands; share instruments and musical experiences; allow underrepresented children access to music education; and inspire creativity and express through music. Participants are selected using objective and nondiscriminatory criteria set by schools, music associations, and similar charitable organizations.

Program Services

DescriptionGrantsExpenses
Advance music education$0$9,895
Put musical instruments into children's hands$0$9,895
Allow underrepresented children access to music education$0$9,895
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy DrumDirector-$0--
Rick IzumiDirector-$0--
Filing and Contact Details

Filer

Filer Name
Icomusic Foundation Corporation
EIN
93-1417759
Phone
3177765814
Address
3701 W PEACHTREE LN, Muncie, IN 47304

Signing Officer

Name
Amy Drum
Title
director
Phone
3177765814
Signed
2025-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Church Church Hittle Antrim
Address
Two N Ninth St, Noblesville, IN 46060
Preparer
Jon Becker
Phone
3177765814
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^software;220|supplies;1984|subscription;129|insurance;704|leadership conference;75|meals;16|cleaning;145|bank fees;82^Total;3355^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^instruments;10566^Total;10566^”

Raw XML Appendix240 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/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
ReasonableCauseExplanation/ExplanationTxt0Form 8868, Application for Extension of Time To File an Exempt Organization Return filed to request a 6-month automatic extension of time to file.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Amy Drum
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0director
ReturnHeader/BusinessOfficerGrp/PhoneNum03177765814
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICOMUSIC FOUNDATION CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ICOM
ReturnHeader/Filer/EIN0931417759
ReturnHeader/Filer/PhoneNum03177765814
ReturnHeader/Filer/USAddress/AddressLine1Txt03701 W PEACHTREE LN
ReturnHeader/Filer/USAddress/CityNm0Muncie
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047304
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Two N Ninth St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Noblesville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046060
ReturnHeader/PreparerPersonGrp/PhoneNum03177765814
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jon Becker
ReturnHeader/ReturnTs02025-11-13T11:24:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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