Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Institute of Performing Arts International
EIN 99-5148050 • 501(c)3 • Hattiesburg, MS
Profile
IPAI Bavaria believes in identifying and nurturing young artists, meeting them where they are, and taking them to the next step of their career. We want to inspire creativity and help artists remember why they chose music. Our faculty are united in our belief that there is room for every artistic voice, especially those who find non-traditional career paths and that a full, balanced, and joyful life encompasses much more than just performing. We want to empower young artists to discover their passions (artistically and beyond) and give them the tools, network, skills, and encouragement to bring their passions to fruition. Numbers are intentionally limited so that our faculty can get to know each young artist individually and create a comprehensive experience that meets their personal goals. We use the audition and the potential candidates application responses to see if both IPAI Bavaria and the artist are a good match.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
38th percentile
Higher net margin than 38% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 10.7% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$0
No earlier filing loaded for comparison.
Liabilities
$4,788
No earlier filing loaded for comparison.
Net Assets
-$4,788
No earlier filing loaded for comparison.
Revenue
$129,015
No earlier filing loaded for comparison.
Expenses
$133,803
No earlier filing loaded for comparison.
Net Income
-$4,788
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $4,788
- Net assets
- -$4,788
- Revenue
- $129,015
- Expenses
- $133,803
- Net income
- -$4,788
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2024 to Jul 31, 2025
- Signed
- Dec 16, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $129,015
Mission and Program Overview
Mission
IPAI Bavaria believes in identifying and nurturing young artists, meeting them where they are, and taking them to the next step of their career. We want to inspire creativity and help artists remember why they chose music. Our faculty are united in our belief that there is room for every artistic voice, especially those who find non-traditional career paths and that a full, balanced, and joyful life encompasses much more than just performing. We want to empower young artists to discover their passions (artistically and beyond) and give them the tools, network, skills, and encouragement to bring their passions to fruition. Numbers are intentionally limited so that our faculty can get to know each young artist individually and create a comprehensive experience that meets their personal goals. We use the audition and the potential candidates application responses to see if both IPAI Bavaria and the artist are a good match.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| To provide high quality instruction for young artists. This includes Faculty travel and accommodations, plus their fee. It also includes guest artists that gave masterclass/workshops for the festival. | - | $40,544 |
| Provide housing and select meals for all young artists. | - | $31,914 |
| Travel and ticket costs for excursions to live a Opera performance and a musical theater workshop. | - | $4,217 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Anica Binder | Artistic Producer | PT | $13,815 | - | $13,815 |
| Michael Bunchman | CEO | PT | $13,750 | - | $13,750 |
Filing and Contact Details
Filer
- Filer Name
- Institute of Performing Arts International
- EIN
- 99-5148050
- Phone
- 9179405760
- Address
- 56 CINNAMON FERN LN, HATTIESBURG, MS 39402-8195
Signing Officer
- Name
- Michael Bunchman
- Title
- CEO
- Phone
- 9179405760
- Signed
- 2025-12-16
Supplemental Narrative
Additional Explanations
Part I, Line 16
“Additional fees include: Piano rental - $1,858 Graphic designer - $500 Additional music supplies (i.e. music stands, printing off music, posters, etc.) - $236 Faculty lunches - $980 Welcome dinner meal - $854 Travle stipends for Faculty - $11,200 Audtion costs (paying for accompanists, faculty travel reimbursements) - $2,120 Festival trip to Hamburg for a workshop and performance - 3,206 Insurance - $187 Legal fees for setting up the non-profit - $1,586 Festival trip to an Opera perfomance - Opera tickets and travel - $1.011 Euro dollar exchange rate - $7,3337 Personal loan for startup costs - $6,087 Petty Cash - $1,181”
Raw XML Appendix119 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 | 0 | Additional fees include: Piano rental - $1,858 Graphic designer - $500 Additional music supplies (i.e. music stands, printing off music, posters, etc.) - $236 Faculty lunches - $980 Welcome dinner meal - $854 Travle stipends for Faculty - $11,200 Audtion costs (paying for accompanists, faculty travel reimbursements) - $2,120 Festival trip to Hamburg for a workshop and performance - 3,206 Insurance - $187 Legal fees for setting up the non-profit - $1,586 Festival trip to an Opera perfomance - Opera tickets and travel - $1.011 Euro dollar exchange rate - $7,3337 Personal loan for startup costs - $6,087 Petty Cash - $1,181 |
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