Civic Intelligence

Berkeley Piano Club

990 • Fiscal year 2017 • EIN 94-1351636

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 13, 2018

2724 Haste StreetBerkeley, CA 94704

(510) 845-8488

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.16x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

60th percentile

6.9%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

52%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,033,786

Up $66,678 (+6.9%) from 2016

Net Assets

Up

$1,014,493

Up $57,520 (+6.0%) from 2016

Liabilities

Up

$19,293

Up $9,158 (+90%) from 2016

Revenue

Up

$122,783

Up $41,825 (+52%) from 2016

Expenses

Up

$70,495

Up $7,257 (+11%) from 2016

Net Income

Up

$52,288

Up $34,568 (+195%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $869,515Liabilities 2011: $96,851Net Assets 2011: $772,6642011Assets 2012: $901,005Liabilities 2012: $78,882Net Assets 2012: $822,1232012Assets 2013: $905,057Liabilities 2013: $66,197Net Assets 2013: $838,8602013Assets 2014: $923,074Liabilities 2014: $52,259Net Assets 2014: $870,8152014Assets 2015: $986,592Liabilities 2015: $44,371Net Assets 2015: $942,2212015Assets 2016: $967,108Liabilities 2016: $10,135Net Assets 2016: $956,9732016Assets 2017: $1,033,786Liabilities 2017: $19,293Net Assets 2017: $1,014,4932017Assets 2018: $1,050,948Liabilities 2018: $12,847Net Assets 2018: $1,038,1012018Assets 2019: $1,079,284Liabilities 2019: $32,801Net Assets 2019: $1,046,4832019Assets 2020: $1,081,760Liabilities 2020: $26,727Net Assets 2020: $1,055,0332020Assets 2021: $1,099,289Liabilities 2021: $26,496Net Assets 2021: $1,072,7932021Assets 2022: $1,060,802Liabilities 2022: $37,121Net Assets 2022: $1,023,6812022Assets 2023: $1,124,727Liabilities 2023: $21,584Net Assets 2023: $1,103,1432023Assets 2024: $1,177,001Liabilities 2024: $36,449Net Assets 2024: $1,140,5522024

Highlighted filing

2017

Assets$1,033,786
Liabilities$19,293
Net Assets$1,014,493

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2011: $47,6112011Revenue 2012: $88,017Expenses 2012: $48,288Net Income 2012: $39,7292012Revenue 2013: $82,108Expenses 2013: $58,571Net Income 2013: $23,5372013Revenue 2014: $83,383Expenses 2014: $51,429Net Income 2014: $31,9542014Revenue 2015: $136,188Expenses 2015: $65,348Net Income 2015: $70,8402015Revenue 2016: $80,958Expenses 2016: $63,238Net Income 2016: $17,7202016Revenue 2017: $122,783Expenses 2017: $70,495Net Income 2017: $52,2882017Revenue 2018: $87,798Expenses 2018: $65,816Net Income 2018: $21,9822018Revenue 2019: $85,900Expenses 2019: $74,657Net Income 2019: $11,2432019Revenue 2020: $74,679Expenses 2020: $62,388Net Income 2020: $12,2912020Revenue 2021: $54,255Expenses 2021: $71,212Net Income 2021: -$16,9572021Revenue 2022: $76,949Expenses 2022: $76,251Net Income 2022: $6982022Revenue 2023: $153,578Expenses 2023: $86,109Net Income 2023: $67,4692023Revenue 2024: $106,389Expenses 2024: $93,888Net Income 2024: $12,5012024

Highlighted filing

2017

Revenue$122,783
Expenses$70,495
Net Income$52,288
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$137,956
Mission and Program Overview

Mission

To promote the enjoyment and study of great music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$613,680$613,134▼ $546
Cash and Non-Interest-Bearing Accounts-$184,496-
Investments in Publicly Traded Securities-$147,307-
Savings and Temporary Cash Investments$353,323$88,339▼ $264,984
Accounts Receivable$105$510▲ $405
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$967,108$1,033,786▲ $66,678
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$10,135$19,293▲ $9,158
Total Liabilities$10,135$19,293▲ $9,158
Net Assets / Fund Balance
Unrestricted Net Assets$757,091$789,560▲ $32,469
Permanently Rstr Net Assets$129,423$129,423→ $0
Temporarily Rstr Net Assets$70,459$95,510▲ $25,051
Total Net Assets Fund Balance$956,973$1,014,493▲ $57,520
Total Liabilities and Net Assets / Fund Balance$967,108$1,033,786▲ $66,678

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$520,515$189,848$710,363
Other Land Buildings$87,121$62,693$149,814
Buildings-$15,000$15,000
Land$5,000-$5,000
Equipment$498$231$729

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$199,882$33,548▲ $7,987$4,994$224,923
2015$167,853$32,829▲ $9,400$1,200$199,882
2014$167,853---$167,853
2013$144,457$12,463▲ $17,834-$167,853
2012$149,779$1,732▲ $2,866$2,879$144,457
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$57,537
Program Service Revenue
$24,032
Investment Income
$7,987
Other Revenue
$33,227
All Other Contributions
$42,102
Change in Net Assets
$52,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,950
Salaries, Compensation, and Employee Benefits$6,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$17,077--$17,077
Fees for Services Other$7,170--$7,170
All Other Expenses$4,760$891-$5,651
Fees for Services Accounting$371$5,185-$5,556
Other Salaries and Wages$5,447--$5,447
Occupancy-$4,673-$4,673
Insurance-$4,292-$4,292
Other Expenses$2,554--$2,554
Payroll Taxes$557--$557
Other Employee Benefits$541--$541
Total Functional Expenses$55,454$15,041$0$70,495
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Certain women in the local area who are musicians or interested in music are asked to join by current members. Two letters of recommendation are submitted to a committee which then invites these potential members to join the organization.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

A slate of candidates for vacancies on the board of directors and officers of the board is presented annually to the general membership at a meeting prior to the election. The board and officers of the board are elected annually by the general membership for two year terms. One-third of the board rotates off each year.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The board of directors is the main decision-making body of the organization. The board meets several times a year. Committees are formed to oversee particular areas. They report to the board regularly. The board presents resolutions affecting the membership as a whole to the general membership for a vote.

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax preparer and the treasurer go over the tax return in detail. It is then made available to officers and members of the organization. Current financial statements are presented at every board meeting

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Any person may make a written request for the organization's tax return and this document will be made available to them.

Filing and Contact Details

Filer

Filer Name
Berkeley Piano Club
EIN
94-1351636
Phone
5108458488
Address
2724 HASTE STREET, BERKELEY, CA 94704

Signing Officer

Name
Linda Mc Coy
Title
Treasurer
Signed
2018-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louise Milota
Formed
1922
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
138

Preparer

Firm
April Mc Mahon EA
Address
PO BOX 6527, Albany, CA 94706-0527
Preparer
April Mcmahon
Phone
5105282312
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: marliave fundto assist young musicians obtain quality instruments for their specialty.

Other Changes In Net Assets Or Fund Balances - Other Increases

Work in progress not deducted in current year = $5232

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To fund monetary awards given to young musicians who excel in their respectivemusical fields either through winning competitions or through demonstrated need.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt018690
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt024770
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.04$1.14$0.11$0.09$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.02$1.10$0.15$0.09$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.04$1.02$0.08$0.08$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.03$1.07$0.05$0.07$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.03$1.06$0.07$0.06$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.03$1.05$0.09$0.07$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$0.09$0.07$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.03$0.02$1.01$0.12$0.07$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.01$0.96$0.08$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.04$0.94$0.14$0.07$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.05$0.87$0.08$0.05$0.03
2013Summary only. Only limited summary data is available for this year.$0.91$0.07$0.84$0.08$0.06$0.02
2012Summary only. Only limited summary data is available for this year.$0.90$0.08$0.82$0.09$0.05$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.10$0.77$0.05