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Nonprofiteer
← MUSIC AND YOUTH INITIATIVE INC

Form 990 for tax year 2023

Filed by MUSIC AND YOUTH INITIATIVE INC.

Totals

Total revenue
$238,445
Total expenses
$172,644
Contributions and grants received
$218,431
Grants paid
$128,789
Program service revenue
$0
Investment income
$19,175
Other revenue
$839
Total assets, end of year
$571,479
Total liabilities, end of year
$4,468
Net assets or fund balances, end of year
$567,011
Program services expenses (Part IX)
$160,190
Management and general expenses
$11,441
Fundraising expenses
$1,013
Program service expenses (Part III)
$160,190

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $218,431

  • 1g · Noncash contributions included above

    $7,338

  • 3 · Investment income

    total $19,175 · excluded $19,175

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $839 · related or exempt $839

  • 11e · Other revenue, total

    $839

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $128,789 · program services $128,789

  • 11c · Fees: accounting

    total $6,800 · management and general $6,800

  • 11g · Fees: other

    total $13,488 · program services $13,200 · management and general $288

  • 13 · Office expenses

    total $1,864 · management and general $1,864

  • 17 · Travel

    total $5,074 · program services $5,074

  • 19 · Conferences, conventions and meetings

    total $1,046 · program services $1,046

  • 23 · Insurance

    total $1,804 · management and general $1,804

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $8,765 · program services $8,721 · management and general $44

  • 24b · Other expenses: MISCELLANEOUS

    total $4,001 · program services $3,360 · management and general $641

  • 24c · Other expenses: FUNDRAISING

    total $1,013 · fundraising $1,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,912 · end of year $99,036

  • 2 · Savings and temporary cash investments

    beginning of year $357,750 · end of year $471,925

  • 9 · Prepaid expenses and deferred charges

    end of year $518

  • 17 · Accounts payable and accrued expenses

    beginning of year $452 · end of year $4,468

  • 27 · Net assets without donor restrictions

    beginning of year $501,210 · end of year $567,011

Mission and programs · 2023

Mission

WE BELIEVE THAT EVERY YOUNG PERSON SHOULD HAVE THE OPPORTUNITY TO EXPERIENCE THE MAGIC OF MUSIC. MUSIC HAS THE POWER TO BUILD ACADEMIC AND SOCIAL SKILLS, UNLEASH CREATIVITY, AND DEVELOP SELF-CONFIDENCE AND SELF-ESTEEM. MUSIC IS THE MAGNET THAT ATTRACTS YOUTH TO A SAFE PLACE TO LEARN AND GROW, AWAY FROM THE CULTURE OF DRUGS, GANGS, AND VIOLENCE WHICH IS ALL TOO PREVALENT ON THE STREETS OF THE LOW-INCOME URBAN AREAS WE TARGET. OUR PARTNERSHIPS WITH YOUTH DEVELOPMENT ORGANIZATIONS PROVIDE PARTICIPANTS IN MIDDLE SCHOOL AND OLDER WITH AFTER-SCHOOL MUSIC EDUCATION AS WELL AS ACCESS TO PROGRAMS AIMED AT SUCCESSFUL HIGH SCHOOL GRADUATION, OPPORTUNITIES FOR DEVELOPING JOB SKILLS, AND COLLEGE PREPARATION SUPPORT; ALL OF WHICH HELPS BUILD SELF-CONFIDENCE AND SELF-ESTEEM THAT WILL LAST A LIFETIME.

  • MUSIC AND YOUTH INITIATIVE WAS FOUNDED IN 2005 TO PARTNER WITH YOUTH DEVELOPMENT ORGANIZATIONS SERVING UNDER-RESOURCED URBAN COMMUNITIES. WE PROVIDE EACH PARTNER WITH MULTI-YEAR FUNDING, EQUIPMENT GRANTS, AND EXTENSIVE PROGRAM SUPPORT TO HELP THEM CREATE AND SUSTAIN A "MUSIC CLUBHOUSE", WHICH THEY INTEGRATE INTO THEIR OVERALL PROGRAM OFFERINGS. WE ALSO PROVIDE FUNDING AND PROGRAM SUPPORT FOR "CATALYST GRANTS" FOR NEW OR EXISTING INNOVATIVE PROGRAMS THAT USE MUSIC AS A VEHICLE FOR YOUTH DEVELOPMENT FOR ORGANIZATIONS THAT MAY NOT HAVE THE SPACE OR STAFFING REQUIRED FOR A MUSIC CLUBHOUSE. WE SUPPORT AFTER-SCHOOL PROGRAMS FOCUSED ON TWEENS AND TEENS, DESIGNED TO BE SAFE PLACES FOR YOUNG PEOPLE TO NOT ONLY EXPLORE THEIR MUSICAL INTERESTS, BUT MORE IMPORTANTLY USE MUSIC AS A VEHICLE TO UNDERSTAND AND EXPRESS THEIR THOUGHTS AND EMOTIONS, AND DEVELOP LIFE SKILLS AS THEY MOVE TOWARD ADULTHOOD. THESE PROGRAMS ARE LED BY A PROFESSIONAL MUSICAL STAFF WITH STRONG YOUTH DEVELOPMENT SKILLS WHO ARE DEDICATED TO HELPING ALL PARTICIPANTS FIND THEIR VOICE. THE PROGRAMS ARE INTENTIONALLY SELF-DIRECTED, ENCOURAGING TEENS TO PLAY THE MUSIC THEY ARE INTERESTED IN AND SUPPORTING THEIR EFFORTS TO LEARN AS MUCH MUSICALLY AS THEY DESIRE. IN ADDITION TO A WIDE ARRAY OF INSTRUMENTS SUCH AS GUITARS, DRUMS, AND KEYBOARDS AS WELL AS WITH STATE-OF-THE ART RECORDING HARDWARE AND SOFTWARE TO ATTRACT TODAY'S TEENS WHO ARE INTERESTED IN WRITING AND PRODUCING THEIR OWN MUSIC.

    Expenses $160,190 · Grants $128,789

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Eichhorn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Joan Eichhorn

    TREASURER, SECRETARY

    Total calculated
    $0
    Hours/week
    30

  • Mark Duffy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrea Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Eichhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Leclaire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Mancuso

    DIRECTOR (UNTIL 6/2023)

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202412769349301036

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