Music Teachers National Association Inc
- Assets
- $688.6k
- Revenue
- $497.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Richardson, TX
- Founding
- 03/1999
- Data as of
- 09/2023
- EIN
- 23-7381338
Organization Overview
Music Teachers National Association Inc is located in Richardson, TX. The organization was established in 1999. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 09/2023, Music Teachers National Association Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Music Teachers National Association Inc 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 09/2023, Music Teachers National Association Inc generated $497.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $471.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE VALUE OF MUSIC STUDY, MUSIC MAKING IN SOCIETY & SUPPORTING MUSIC TEACHERS.
Describe the Organization's Program Activity:
PUBLICATIONS AND PROGRAMS FOR STUDENTS AND TEACHERS; EXPENSES TO SUPPORT STUDENT PROGRAMS FOR OVER 16,000 STUDENTS AND PROGRAMS FOR 1,750 MUSIC TEACHER MEMBERS OF TEXAS MUSIC TEACHERS ASSOCIATION.
STUDENT AFFILIATE PROGRAMS THAT PROVIDE STUDENTS A WIDE MUSICAL EXPERIENCE - 16,500 STUDENTS FROM ALL PARTS OF TEXAS PARTICIPATED. PROGRAMS INCLUDE MUSIC THEORY, WORLD OF MUSIC, PERFORMANCE CONTESTS, ENSEMBLES, COMPOSITION, AND PUBLICATION CONTESTS.
SUPPORT AND CONTRIBUTIONS TO MUSIC TEACHERS NATIONAL ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Fountain President | OfficerTrustee | 30 | $0 |
Scott Donald President-Elect | OfficerTrustee | 10 | $0 |
Julie Arras VP Business Activities | OfficerTrustee | 10 | $0 |
Jonathan Gary VP Business Activities-Elect | OfficerTrustee | 10 | $0 |
Carol Crisp VP Student Activities | OfficerTrustee | 10 | $0 |
Roy Wylie Past President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $465,460 |
| Investment income | $6,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,102 |
| Pension plan accruals and contributions | $4,423 |
| Other employee benefits | $3,264 |
| Payroll taxes | $8,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,625 |
| Fees for services: Accounting | $14,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,623 |
| Fees for services: Other | $2,498 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,206 |
| Travel | $60,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228 |
| Insurance | $2,611 |
| All other expenses | $34,635 |
| Total functional expenses | $470,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,809 |
| Savings and temporary cash investments | $332,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,500 |
| Net Land, buildings, and equipment | $1,339 |
| Investments—publicly traded securities | $257,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $688,632 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,193 |
| Total liabilities | $1,193 |
| Net assets without donor restrictions | $687,439 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $688,632 |