Music & Memory Inc
- Assets
- $137.0k
- Revenue
- $530.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Mineola, NY
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-2098431
Organization Overview
Music & Memory Inc is located in Mineola, NY. The organization was established in 2011. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Music & Memory Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music & Memory 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 12/2021, Music & Memory Inc generated $530.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $421.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC & MEMORY BRINGS PERSONALIZED MUSIC INTO THE LIVES OF ELDERLY OR INFORM THROUGH DIGITAL TECHNOLOGY, VASTLY IMPROVING QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC & MEMORY'S PERSONALIZED MUSIC PROGRAM HAS BEEN FIELD-TESTED IN THOUSANDS OF CARE SETTINGS THROUGHOUT THE U.S. AND AROUND THE WORLD. AS A MUSIC & MEMORY CERTIFIED CARE ORGANIZATION, WE INTRODUCE MUSIC & MEMORY TO THOSE IN NEED, AND THEIR FAMILIES AS WELL, TO DEVELOP PERSONALIZED PLAYLISTS FOR EACH INDIVIDUAL PARTICIPANT WHILE MANAGING EQUIPMENT SECURITY AND HYGIENE AND USE ASSESSMENT TOOLS TO IMPROVE YOUR PROGRAM TO CREATE QUALITY INITIATIVES BASED ON PERSONALIZED MUSIC. MEMBERS OF OUR MUSIC & MEMORY CARE COMMUNITY HAVE ACCESS TO ALL THE LATEST TRAINING PROGRAMS, RESEARCH, SUPPORT CALLS, MARKETING MATERIALS AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Wyatt Treasurer | OfficerTrustee | 30 | $0 |
Cathleen Cote Secretary | OfficerTrustee | 2 | $0 |
Anthony Yang-Lewis Chair | OfficerTrustee | 10 | $0 |
Peter Hirsch Director | Trustee | 1 | $0 |
Concetta Tomaino Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,647 |
| Total Program Service Revenue | $289,945 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $530,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $170,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $422 |
| Payroll taxes | $14,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,220 |
| Advertising and promotion | $933 |
| Office expenses | $19,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $6,074 |
| All other expenses | $14,483 |
| Total functional expenses | $421,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,024 |
| Accounts payable and accrued expenses | $31,252 |
| Grants payable | $0 |
| Deferred revenue | $214,860 |
| 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 | $31,134 |
| Total liabilities | $277,246 |
| Net assets without donor restrictions | -$140,222 |
| 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 | $137,024 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music & Memory Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Aronow Foundation South Kingstown, RI PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Care Design New York Llc Albany, NY | $58,406,708 | $119,726,125 |
Achieve Behavioral Health Airmont, NY | $24,875,232 | $34,586,608 |
Chai Lifeline Inc New York, NY | $26,757,379 | $32,449,986 |
Ronald Mcdonald House Of New York Inc New York, NY | $139,787,663 | $13,785,950 |
Parents Information Group For Exceptional Children Inc Syracuse, NY | $9,814,349 | $10,936,135 |
Make-A-Wish Foundation Of Metro New York And Western New York New York, NY | $22,644,379 | $8,717,890 |
The Hospital Cottages For Children Southborough, MA | $6,634,641 | $8,685,651 |
Ronald Mcdonald House Charities Of The Philadelphia Region Philadelphia, PA | $48,421,260 | $10,371,163 |
Make-A-Wish Foundation Of Greater Pennsylvania And West Virginia Inc Pittsburgh, PA | $11,942,873 | $9,531,813 |
Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc Boston, MA | $19,449,971 | $5,852,582 |
Make A Wish Foundation Of New Jersey Monroe Township, NJ | $22,604,837 | $7,704,119 |
Ronald Mcdonald House Charities New York Metro Inc New Hyde Park, NY | $27,231,643 | $8,955,220 |