Heart Music Inc
- Assets
- $41.8k
- Revenue
- $72.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, GA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-3889288
Organization Overview
Heart Music Inc is located in Athens, GA. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Music 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, Heart Music Inc generated $72.4k in total revenue. All expenses for the organization totaled $55.2k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED APPROXIMATELY 450 STUDENTS WITH FREE MUSIC LESSONS AT COILE BAND, HILSMAN BAND, CLARK CENTRAL ORCHESTRA, CLARKE CENTRAL GUITAR, AND CEDAR SHOALS ORCHESTRA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian Leblanc Treasurer | 5 | $0 | |
Nada Long Director | 5 | $0 | |
Megan Williams Secretary | 5 | $188 | |
Stan Flanders Director | 5 | $2,250 | |
Angela Manous Director | 2 | $0 | |
Keiko Ishibashi Director | 5 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,539 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $9,845 |
| Other Income | $0 |
| Total Revenue | $72,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,038 |
| Other employee salaries and wages | $27,685 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,273 |
| Depreciation | $0 |
| Occupancy | $1,325 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $77 |
| Other expenses | $10,025 |
| Total operating and administrative expenses | $53,423 |
| Contributions, gifts, grants paid | $1,785 |
| Total expenses and disbursements | $55,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,256 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $550 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Heart Music Inc has awarded $1,785 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR SHOALS HIGH SCHOOL PURPOSE: REDISTRIBUTE TO SCHOOLS INSTRUMENT DONATIONS | $490 |
COILE MIDDLE SCHOOL PURPOSE: DISTRIBUTE TO SCHOOLS OR NON PROFITS DONATED INSTRUMENTS | $485 |
NUI'S SPACE PURPOSE: DISTRIBUTE TO SCHOOLS OR NON PROFITS DONATED INSTRUMENTS | $300 |
GOODWILL THRIFT STORE & DONATION CENTER PURPOSE: THRIFT AUCTION DONATION | $15 |
CLARKE CENTRAL PURPOSE: DISTRIBUTE TO SCHOOLS OR NON PROFITS DONATED INSTRUMENTS | $495 |