Music Beats Hearts
- Assets
- $4.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerset, NJ
- Founding
- 11/2014
- Data as of
- 12/2018
- EIN
- 47-2234861
Organization Overview
Music Beats Hearts is located in Somerset, NJ. The organization was established in 2014. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Beats Hearts 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 12/2018, Music Beats Hearts generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (57.0%) each year. All expenses for the organization totaled $2.8k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (61.4%) per year over the past 3 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
2018
Describe the Organization's Program Activity:
Part 3
MBH HAS AN EXTENSIVE BACKGROUND IN THE MUSIC INDUSTRY AND WORKS WITH HOSPITALS AND PATIENTS TO CREATE PREPROGRAMMED PLAYLISTS ON MUSIC DEVICES. THESE DEVICES ARE FILLED WITH UPLIFTING SONGS, COMPILED BY MUSIC EXECUTIVES AND THE MUSICIANS THEMSELVES, AND ARE DISTRIBUTED TO HOSPITALIZED PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Stern Director, Co-Founder | 1 | $0 | |
Elie Maroun Director, Co-Founder | 1 | $0 | |
Trevor Cookler Chief Operating Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,526 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,526 |
| 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 | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $77 |
| Other expenses | $1,178 |
| Total expenses | $2,755 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,252 |
| Other assets | $0 |
| Total assets | $4,252 |
| Total liabilities | $1,500 |
| Net assets or fund balances | $2,752 |
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