Civic Intelligence

Breathing Music Studios Inc.

990EZ • Fiscal year 2023 • EIN 93-4592355

Nov 28, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

139 Payson Avenue Apt 3DNew York, NY 10034

(231) 620-7964

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Assets

$5,610

No earlier filing loaded for comparison.

Net Assets

$5,610

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$10,000

No earlier filing loaded for comparison.

Expenses

$4,390

No earlier filing loaded for comparison.

Net Income

$5,610

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2023: $5,610Net Assets 2023: $5,6102023Assets 2024: $18,650Net Assets 2024: $18,6502024

Highlighted filing

2023

Assets$5,610
Liabilities-
Net Assets$5,610

Operations Trend

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

$20K$15K$10K$5.0K$0Revenue 2023: $10,000Expenses 2023: $4,390Net Income 2023: $5,6102023Revenue 2024: $16,000Expenses 2024: $2,960Net Income 2024: $13,0402024

Highlighted filing

2023

Revenue$10,000
Expenses$4,390
Net Income$5,610
Jump To
Filing Snapshot
Filing Period
Nov 28, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$10,000
Mission and Program Overview

Mission

In this pivotal moment in musical history, where the demand for streaming music is at an all-time high, musicians find themselves navigating new opportunities and challenges. With the surge in accessible music from streaming platforms, there's a parallel rise in the demand for recorded music. Recognizing this shift, "breathing music studio" is on a mission to uplift and educate the musicians of new york. We understand the distinct challenges that today's musicians face, especially in an industry that is constantly evolving, and where financial constraints can impede creative pursuits. In response to these challenges, our commitment is clear: we aim to make a positive impact on the musical community of ny; we provide musicians with a professional studio experience at an affordable cost, equipped with state-of-the-art facilities. Our commitment at "breathing music studio" goes beyond providing access to top-notch tools and spaces. We understand that the musical journey is dynamic, ever-c

Program Services

DescriptionGrantsExpenses
IN THIS PIVOTAL MOMENT IN MUSICAL HISTORY, WHERE THE DEMAND FOR STREAMING MUSIC IS AT AN ALL-TIME HIGH, MUSICIANS FIND THEMSELVES NAVIGATING NEW OPPORTUNITIES AND CHALLENGES. WITH THE SURGE IN ACCESSIBLE MUSIC FROM STREAMING PLATFORMS, THERE'S A PARALLEL RISE IN THE DEMAND FOR RECORDED MUSIC. RECOGNIZING THIS SHIFT, "BREATHING MUSIC STUDIO" IS ON A MISSION TO UPLIFT AND EDUCATE THE MUSICIANS OF NEW YORK. WE UNDERSTAND THE DISTINCT CHALLENGES THAT TODAY'S MUSICIANS FACE, ESPECIALLY IN AN INDUSTRY THAT IS CONSTANTLY EVOLVING, AND WHERE FINANCIAL CONSTRAINTS CAN IMPEDE CREATIVE PURSUITS. IN RESPONSE TO THESE CHALLENGES, OUR COMMITMENT IS CLEAR: WE AIM TO MAKE A POSITIVE IMPACT ON THE MUSICAL COMMUNITY OF NY; WE PROVIDE MUSICIANS WITH A PROFESSIONAL STUDIO EXPERIENCE AT AN AFFORDABLE COST, EQUIPPED WITH STATE-OF-THE-ART FACILITIES. OUR COMMITMENT AT "BREATHING MUSIC STUDIO" GOES BEYOND PROVIDING ACCESS TO TOP-NOTCH TOOLS AND SPACES. WE UNDERSTAND THAT THE MUSICAL JOURNEY IS DYNAMIC, EVER-CHANGING, AND CAN BE QUITE STRESSFUL. TO ADDRESS THIS, WE OFFER COMPREHENSIVE GUIDANCE AND TAILOR-MADE MENTORSHIP PROGRAMS THAT CATER TO THE SPECIFIC NEEDS OF ARTISTS IN THE NEW YORK MUSIC SCENE. WE EMPHASIZE THE IMPORTANCE OF MINDFULNESS WHEN MAKING MUSIC AND TAKING A DEEP BREATH AMIDST THE CHALLENGES, HENCE THE NAME "BREATHING MUSIC STUDIO". WE HOPE TO HELP MUSICIANS NOT ONLY STAY INFORMED AND ADAPT TO INDUSTRY CHANGES BUT ALSO TO PROMOTE A HEALTHY LIFESTYLE, AND MENTAL HEALTH FOR ALL MUSICIANS BY PROVIDING A FRIENDLY ENVIRONMENT AND A HOME-LIKE SPACE FOR THE ARTISTS. AT "BREATHING MUSIC STUDIO," WE STAND READY TO SUPPORT LOCAL MUSICIANS AT EVERY STAGE OF THEIR MUSICAL JOURNEY, BOTH PHYSICALLY AND MENTALLY.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
EDWARD LIMPresidentPT$0--
SONIA BIZECFOPT$0--
YURIM LEETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Breathing Music Studios Inc
EIN
93-4592355
Phone
2316207964
Address
139 PAYSON AVENUE APT 3D, NEW YORK, NY 10034

Signing Officer

Name
Edward Lim
Title
President
Phone
2316207964
Signed
2024-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Lk Cpas LLC
Address
38 W 32ND ST STE 1100, NEW YORK, NY 10001-3879
Preparer
William Young Kim
Phone
2125949034
Supplemental Narrative

Additional Explanations

Form 990-ez, Part III

In this pivotal moment in musical history, where the demand for streaming music is at an all-time high, musicians find themselves navigating new opportunities and challenges. With the surge in accessible music from streaming platforms, there's a parallel rise in the demand for recorded music. Recognizing this shift, "breathing music studio" is on a mission to uplift and educate the musicians of new york. We understand the distinct challenges that today's musicians face, especially in an industry that is constantly evolving, and where financial constraints can impede creative pursuits. In response to these challenges, our commitment is clear: we aim to make a positive impact on the musical community of ny; we provide musicians with a professional studio experience at an affordable cost, equipped with state-of-the-art facilities. Our commitment at "breathing music studio" goes beyond providing access to top-notch tools and spaces. We understand that the musical journey is dynamic, ever-changing, and can be quite stressful. To address this, we offer comprehensive guidance and tailor-made mentorship programs that cater to the specific needs of artists in the new york music scene. We emphasize the importance of mindfulness when making music and taking a deep breath amidst the challenges, hence the name "breathing music studio". We hope to help musicians not only stay informed and adapt to industry changes but also to promote a healthy lifestyle, and mental health for all musicians by providing a friendly environment and a home-like space for the artists. At "breathing music studio," we stand ready to support local musicians at every stage of their musical journey, both physically and mentally.

Form 990-ez, Part III, Line 28

In this pivotal moment in musical history, where the demand for streaming music is at an all-time high, musicians find themselves navigating new opportunities and challenges. With the surge in accessible music from streaming platforms, there's a parallel rise in the demand for recorded music. Recognizing this shift, "breathing music studio" is on a mission to uplift and educate the musicians of new york. We understand the distinct challenges that today's musicians face, especially in an industry that is constantly evolving, and where financial constraints can impede creative pursuits. In response to these challenges, our commitment is clear: we aim to make a positive impact on the musical community of ny; we provide musicians with a professional studio experience at an affordable cost, equipped with state-of-the-art facilities. Our commitment at "breathing music studio" goes beyond providing access to top-notch tools and spaces. We understand that the musical journey is dynamic, ever-changing, and can be quite stressful. To address this, we offer comprehensive guidance and tailor-made mentorship programs that cater to the specific needs of artists in the new york music scene. We emphasize the importance of mindfulness when making music and taking a deep breath amidst the challenges, hence the name "breathing music studio". We hope to help musicians not only stay informed and adapt to industry changes but also to promote a healthy lifestyle, and mental health for all musicians by providing a friendly environment and a home-like space for the artists. At "breathing music studio," we stand ready to support local musicians at every stage of their musical journey, both physically and mentally.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN THIS PIVOTAL MOMENT IN MUSICAL HISTORY, WHERE THE DEMAND FOR STREAMING MUSIC IS AT AN ALL-TIME HIGH, MUSICIANS FIND THEMSELVES NAVIGATING NEW OPPORTUNITIES AND CHALLENGES. WITH THE SURGE IN ACCESSIBLE MUSIC FROM STREAMING PLATFORMS, THERE'S A PARALLEL RISE IN THE DEMAND FOR RECORDED MUSIC. RECOGNIZING THIS SHIFT, "BREATHING MUSIC STUDIO" IS ON A MISSION TO UPLIFT AND EDUCATE THE MUSICIANS OF NEW YORK. WE UNDERSTAND THE DISTINCT CHALLENGES THAT TODAY'S MUSICIANS FACE, ESPECIALLY IN AN INDUSTRY THAT IS CONSTANTLY EVOLVING, AND WHERE FINANCIAL CONSTRAINTS CAN IMPEDE CREATIVE PURSUITS. IN RESPONSE TO THESE CHALLENGES, OUR COMMITMENT IS CLEAR: WE AIM TO MAKE A POSITIVE IMPACT ON THE MUSICAL COMMUNITY OF NY; WE PROVIDE MUSICIANS WITH A PROFESSIONAL STUDIO EXPERIENCE AT AN AFFORDABLE COST, EQUIPPED WITH STATE-OF-THE-ART FACILITIES. OUR COMMITMENT AT "BREATHING MUSIC STUDIO" GOES BEYOND PROVIDING ACCESS TO TOP-NOTCH TOOLS AND SPACES. WE UNDERSTAND THAT THE MUSICAL JOURNEY IS DYNAMIC, EVER-CHANGING, AND CAN BE QUITE STRESSFUL. TO ADDRESS THIS, WE OFFER COMPREHENSIVE GUIDANCE AND TAILOR-MADE MENTORSHIP PROGRAMS THAT CATER TO THE SPECIFIC NEEDS OF ARTISTS IN THE NEW YORK MUSIC SCENE. WE EMPHASIZE THE IMPORTANCE OF MINDFULNESS WHEN MAKING MUSIC AND TAKING A DEEP BREATH AMIDST THE CHALLENGES, HENCE THE NAME "BREATHING MUSIC STUDIO". WE HOPE TO HELP MUSICIANS NOT ONLY STAY INFORMED AND ADAPT TO INDUSTRY CHANGES BUT ALSO TO PROMOTE A HEALTHY LIFESTYLE, AND MENTAL HEALTH FOR ALL MUSICIANS BY PROVIDING A FRIENDLY ENVIRONMENT AND A HOME-LIKE SPACE FOR THE ARTISTS. AT "BREATHING MUSIC STUDIO," WE STAND READY TO SUPPORT LOCAL MUSICIANS AT EVERY STAGE OF THEIR MUSICAL JOURNEY, BOTH PHYSICALLY AND MENTALLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III
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