Music Resource Center-Cincinnati
- Assets
- $465.5k
- Revenue
- $362.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Cincinnati, OH
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 33-1163381
Organization Overview
Music Resource Center-Cincinnati is located in Cincinnati, OH. The organization was established in 2007. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Music Resource Center-Cincinnati employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Resource Center-Cincinnati 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 Resource Center-Cincinnati generated $362.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $306.6k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
MRC CINCINNATI IS A MULTI-FACETED TEEN CENTER THAT USES RECORDING AND PERFORMING ARTS, AS WELL AS LIFE SKILLS, TO CREATE A SENSE OF EMPOWERMENT AND ACCOMPLISHMENT IN THE URBAN COMMUNITY. OUR MISSION IS TO EDUCATE AND INSPIRE YOUNG PEOPLE THROUGH MUSIC AND EQUIP THEM WITH LIFE SKILLS FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AN AFTER SCHOOL TEEN CENTER AND MUSIC RECORDING STUDIO FOR TEENS IN GRADES 7 THROUGH 12 TO LEARN COMPUTER MUSIC PRODUCTION, RECORDING AND TAKE MUSIC LESSONS. MRC OPERATES A 7,900 SQ. FT. FACILITY AND OFFERS MEMBERS ACCESS TO MULTI-TRACK RECORDING STUDIOS, PROJECT STUDIOS, REHEARSAL SPACES, PERFORMANCE OPPORTUNITIES, AND MENTORING. THE MRC STUDIO IS OPEN MONDAY - THURSDAY FROM 2PM TO 7PM AND INCLUDES SUMMER HOURS.
MRC PARTNERS WITH LOCAL ORGANIZATIONS AND SCHOOLS TO PROVIDE DIGITAL RECORDING INSTRUCTION. TEENS WORK COLLABORATIVELY IN GROUPS AND LEARN TO MAKE A BEAT, WRITE A SONG AND RECORD ORIGINAL MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Maniaci Secretary | OfficerTrustee | 1 | $0 |
Robert Wilson President | OfficerTrustee | 1 | $0 |
Bryan Berghauer Treasurer | OfficerTrustee | 1 | $0 |
Alexandra Anoff Vice President | OfficerTrustee | 1 | $0 |
John Curley Director | Trustee | 1 | $0 |
Robert Rhoad Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $422 |
| Fundraising events | $8,237 |
| Related organizations | $0 |
| Government grants | $47,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,703 |
| Total Program Service Revenue | $5,920 |
| 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 | -$600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,533 |
| 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 | $179,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $17,475 |
| Advertising and promotion | $0 |
| Office expenses | $560 |
| Information technology | $15,441 |
| Royalties | $0 |
| Occupancy | $36,017 |
| Travel | $618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,605 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,046 |
| Insurance | $9,454 |
| All other expenses | $299 |
| Total functional expenses | $306,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,352 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $307,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $465,482 |
| 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 | $137,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,218 |
| Net assets without donor restrictions | $0 |
| 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 | $328,264 |
| Total liabilities and net assets/fund balances | $465,482 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Music Resource Center-Cincinnati has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
1386 General Electric Credit Union Cincinnati, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
Musicopia Inc Philadelphia, PA | $886,541 | $1,214,458 |