Music Is Love Foundation Inc
- Assets
- $2.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Haverford, PA
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-3669805
Organization Overview
Music Is Love Foundation Inc is located in Haverford, PA. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Is Love Foundation 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, Music Is Love Foundation Inc generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2022. 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
MUSIC RELATED EVENTS TO RAISE FUNDS FOR CHILDRENS MEDICAL CAUSES & MUSIC RELATED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Houder President | 0 | $0 | |
Kenneth Kearns Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,810 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$12,857 |
| Other Revenue | $0 |
| Total Revenue | $1,953 |
| 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 | $787 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $35 |
| Other expenses | $2,366 |
| Total expenses | $5,188 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,414 |
| Other assets | $0 |
| Total assets | $2,414 |
| Total liabilities | $12,000 |
| Net assets or fund balances | -$9,586 |