Musica Franklin Inc
- Assets
- $212.6k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Greenfield, MA
- Founding
- 02/2017
- Data as of
- 06/2021
- EIN
- 81-0682911
Organization Overview
Musica Franklin Inc is located in Greenfield, MA. The organization was established in 2017. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Musica Franklin Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musica Franklin 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, Musica Franklin Inc generated $226.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $158.0k during the year ending 06/2021. While expenses have increased by 28.9% per year over the past 5 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
MUSICA FRANKLIN IS AN IMMERSIVE AFTER-SCHOOL MUSIC PROGRAM FOR YOUTH DEVELOPMENT WHOSE MISSION IS TO INSPIRE LOVE OF MUSIC, SELF-RESPECT, COOPERATION AND COMMUNITY ENGAGEMENT THROUGH A STUDENT MUSIC ENSEMBLE TO TRANSFORM THE LIVES OF STUDENTS, FAMILIES AND THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT THROUGH AN IMMERSIVE AFTER-SCHOOL MUSIC PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aidin Martinez Director | Trustee | 0.5 | $375 |
Haley Anderson President | OfficerTrustee | 0.5 | $0 |
Wes Brown Treasurer | OfficerTrustee | 0.5 | $0 |
Linda Hecker Clerk | OfficerTrustee | 0.5 | $0 |
Michelle Dwyer Director | Trustee | 0.5 | $0 |
Christine Bates Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $190,800 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,855 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,063 |
| Total Program Service Revenue | $0 |
| Investment income | $54 |
| 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 | $226,117 |
| 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. | $375 |
| Compensation of current officers, directors, key employees. | $375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,032 |
| Advertising and promotion | $269 |
| Office expenses | $766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294 |
| Insurance | $1,050 |
| All other expenses | $1,193 |
| Total functional expenses | $157,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,136 |
| 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 | $1,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $212,607 |
| Accounts payable and accrued expenses | $4,191 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,191 |
| Net assets without donor restrictions | $160,079 |
| Net assets with donor restrictions | $48,337 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $212,607 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Musica Franklin Inc has recieved totaling $75,005.
| Awarding Organization | Amount |
|---|---|
Martha & Donald Farley Family Foundation Pennington, NJ PURPOSE: GENERAL OPEARTING | $50,000 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: ARTS & CULTURE | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chamber Music Society Of Lincoln Center Inc New York, NY | $75,785,026 | $8,098,854 |
St Lukes Chamber Ensemble Inc New York, NY | $47,001,390 | $8,968,141 |
Inspire Arts And Music Inc Boston, MA | $2,295,545 | $1,459,889 |
Afro-Latin Jazz Alliance Of New York Inc New York, NY | $920,945 | $1,546,674 |
Music Forward Brooklyn, NY | $1,883,651 | $2,219,896 |
Ma-Yi Filipino Theatre Ensemble Inc New York, NY | $1,967,412 | $1,405,048 |
Ensemble For The Romantic Century Inc New York, NY | $133,417 | $422,457 |
Improvisation Center Of Boston Inc Cambridge, MA | $105,593 | $312,878 |
Classical Recording Foundation Inc Pelham, NY | $106,383 | $305,250 |
Metropolis Ensemble Inc Queens, NY | $859,538 | $434,901 |
Saints Brigade Port Chester, NY | $6,701 | $359,584 |
Music And Youth Initiative Inc Dennis, MA | $481,928 | $254,662 |