The Music-Heals Foundation
- Assets
- $54.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 12/2005
- Data as of
- 12/2020
- EIN
- 20-1770654
Organization Overview
The Music-Heals Foundation is located in Newport Beach, CA. The organization was established in 2005. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music-Heals Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Music-Heals Foundation generated $19.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $7.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (28.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
STROKE AND NEUROLOGICAL EDUCATION AND SUPPORT
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $970 |
| Total Program Service Revenue | $18,750 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,721 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,239 |
| Total expenses | $7,239 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,113 |
| Other assets | $0 |
| Total assets | $54,918 |
| Total liabilities | $441 |
| Net assets or fund balances | $54,477 |