Musicalliance Inc
- Assets
- $361.7k
- Revenue
- $504.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Mentor, OH
- Founding
- 01/2006
- Data as of
- 06/2022
- EIN
- 74-3124918
Organization Overview
Musicalliance Inc is located in Mentor, OH. The organization was established in 2006. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Musicalliance Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musicalliance 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 06/2022, Musicalliance Inc generated $504.4k 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 (4.1%) each year. All expenses for the organization totaled $427.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY EDUCATIONAL BAND PROGRAMS FOR PRIVATE/ PAROCHIAL SCHOOL AND HOMESCHOOL STUDENTS IN NORTHEAST OHIO AND TO KEEPING THE COST OF LEARNING TO PLAY A BAND INSTRUMENT AFFORDABLE FOR THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICALLIANCE TEACHERS PROVIDED BAND INSTRUMENT INSTRUCTION TO 830 STUDENTS FROM 25 SCHOOLS. IN ADDITION, MUSICALLIANCE HELD A SUMMER BAND PROGRAM IN JUNE OF 2022. THIS PROGRAM HAD 32 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Blechman Exec Dir/tea | Officer | 40 | $52,077 |
Franklin Adams Admin/teache | Officer | 40 | $61,139 |
William Banas President | OfficerTrustee | 0.25 | $0 |
Kari Schick Director | Trustee | 0.25 | $0 |
Richard Monreal Director | Trustee | 0.25 | $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 | $2,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,495 |
| Total Program Service Revenue | $501,440 |
| Investment income | $449 |
| 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 | $504,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,275 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,216 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,724 |
| Pension plan accruals and contributions | $855 |
| Other employee benefits | $30,098 |
| Payroll taxes | $25,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,809 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,125 |
| Advertising and promotion | $0 |
| Office expenses | $322 |
| Information technology | $5,500 |
| 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 | $5,646 |
| All other expenses | $697 |
| Total functional expenses | $427,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,000 |
| Savings and temporary cash investments | $346,662 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $361,662 |
| Accounts payable and accrued expenses | $57,787 |
| 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 | $99,075 |
| Other liabilities | $0 |
| Total liabilities | $156,862 |
| 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 | $204,800 |
| Total liabilities and net assets/fund balances | $361,662 |