Musack Inc
- Assets
- $58.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nantucket, MA
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 46-1174360
Organization Overview
Musack Inc is located in Nantucket, MA. The organization was established in 2013. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musack 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 12/2022, Musack Inc generated $34.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
TO SUPPORT INSTRUCTION OF MUSIC TO CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donick M Cary President & Director | 2 | $0 | |
Alexander Stancioff Treasurer & Director | 2 | $0 | |
Margaret Miller Ruley Clerk & Director | 2 | $0 | |
Doug Gladstone Director | 2 | $0 | |
Alison King Director | 2 | $0 | |
Robert Soltys Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,297 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$21,139 |
| Other Revenue | $0 |
| Total Revenue | $34,848 |
| 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 | $15,382 |
| Occupancy, rent, utilities, and maintenance | $5,270 |
| Printing, publications, postage, and shipping | $1,925 |
| Other expenses | $8,836 |
| Total expenses | $59,614 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,713 |
| Other assets | $0 |
| Total assets | $58,256 |
| Total liabilities | $213 |
| Net assets or fund balances | $58,043 |