Musicalliance Inc
- Assets
- $248.9k
- Revenue
- $267.5k
- Investments
- $0.0
- Employees
- 15
- Location
- Mentor, OH
- Founding
- 01/2006
- Data as of
- 06/2021
- 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 06/2021, Musicalliance Inc employed 15 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 06/2021, Musicalliance Inc generated $267.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $304.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 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
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 253 STUDENTS FROM 27 SCHOOLS. IN ADDITION, MUSICALLIANCE HELD A FREE SUMMER BAND PROGRAM IN JUNE OF 2021. THIS PROGRAM HAD 35 STUDENTS REPRESENTING 20 SCHOOLS WHICH INCLUDED 5 HIGH SCHOOL VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Adams Admin/teache | Officer | 40 | $65,788 |
Debra Blechman Exec Dir/tea | Officer | 40 | $56,112 |
William Banas President | OfficerTrustee | 10 | $0 |
Richard Monreal Director | Trustee | 2 | $0 |
Andrea Karpuzska Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $560 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,246 |
| Total Program Service Revenue | $133,787 |
| Investment income | $378 |
| 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 | $267,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $840 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,096 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,664 |
| Pension plan accruals and contributions | $976 |
| Other employee benefits | $20,437 |
| Payroll taxes | $23,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,233 |
| 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 | $260 |
| Advertising and promotion | $0 |
| Office expenses | $277 |
| Information technology | $4,817 |
| 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 | $5,737 |
| All other expenses | $1,817 |
| Total functional expenses | $304,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,000 |
| Savings and temporary cash investments | $233,865 |
| 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 | $248,865 |
| Accounts payable and accrued expenses | $20,916 |
| 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 | $119,991 |
| 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 | $128,874 |
| Total liabilities and net assets/fund balances | $248,865 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Musicalliance Inc has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laurel Lake Retirement Community Hudson, OH | $95,012,524 | $26,906,563 |
Black Lily Inc Philadelphia, PA | $3,931,726 | $4,267,503 |
Bach Choir Of Bethlehem Bethlehem, PA | $8,668,443 | $1,522,038 |
Indianapolis Childrens Choir Incorporated Indianapolis, IN | $2,588,853 | $1,634,208 |
Harmony Project Productions Inc Columbus, OH | $652,776 | $1,372,652 |
Cincinnati Musical Festival Assoc Cincinnati, OH | $31,925,363 | $2,570,982 |
Teutonia Maennerchor Of Allegheny City Pittsburgh, PA | $434,873 | $973,808 |
Philadelphia Boys And Girls Choirs Philadelphia, PA | $1,941,949 | $771,480 |
Rock To The Future Philadelphia, PA | $549,869 | $840,748 |
Heartland Sings Inc Fort Wayne, IN | $1,012,821 | $806,590 |
Vox Ama Deus Gladwyne, PA | $472,059 | $630,138 |
Re-Creation Usa Inc Port Trevorton, PA | $104,805 | $546,383 |