Totals
- Total revenue
- $7,562,950
- Total expenses
- $7,566,734
- Contributions and grants received
- $3,112
- Grants paid
- $2,837,916
- Program service revenue
- $0
- Investment income
- $7,864
- Other revenue
- $7,551,974
- Total assets, end of year
- $830,392
- Total liabilities, end of year
- $723,757
- Net assets or fund balances, end of year
- $106,635
- Program services expenses (Part IX)
- $7,515,426
- Management and general expenses
- $51,308
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,515,426
Program services were 99.3% 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
$3,112
-
1g · Noncash contributions included above
$1,000
-
3 · Investment income
total $7,864 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$16,549,788
-
10b · Cost of goods sold
$8,997,814
-
10c · Net income from sales of inventory
total $7,551,974 · related or exempt $7,551,974
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,837,916 · program services $2,837,916
-
5 · Compensation of officers, directors and key employees
total $1,864,475 · program services $1,864,475 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $66,111 · program services $52,889 · management and general $13,222 · fundraising $0
-
9 · Other employee benefits
total $6,486 · program services $5,189 · management and general $1,297 · fundraising $0
-
10 · Payroll taxes
total $32,628 · program services $26,103 · management and general $6,525 · fundraising $0
-
11c · Fees: accounting
total $14,973 · program services $11,978 · management and general $2,995 · fundraising $0
-
12 · Advertising and promotion
total $2,061,603 · program services $2,061,603 · management and general $0 · fundraising $0
-
13 · Office expenses
total $21,621 · program services $5,646 · management and general $15,975 · fundraising $0
-
14 · Information technology
total $6,824 · program services $0 · management and general $6,824 · fundraising $0
-
16 · Occupancy
total $11,400 · program services $10,400 · management and general $1,000 · fundraising $0
-
17 · Travel
total $234,475 · program services $234,475 · management and general $0 · fundraising $0
-
20 · Interest
total $1,811 · program services $0 · management and general $1,811 · fundraising $0
-
23 · Insurance
total $2,227 · program services $1,275 · management and general $952 · fundraising $0
-
24a · Other expenses: Bank and credit card
total $373,683 · program services $372,976 · management and general $707 · fundraising $0
-
24b · Other expenses: Event Support Personnel
total $29,756 · program services $29,756 · management and general $0 · fundraising $0
-
24c · Other expenses: Bad Debt/Overshort
total $745 · program services $745 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $492,540 · end of year $25,544
-
2 · Savings and temporary cash investments
end of year $156,011
-
4 · Accounts receivable
beginning of year $77,004 · end of year $125,707
-
5 · Loans and receivables from officers and key people
beginning of year $239,922 · end of year $220,494
-
6 · Loans and receivables from disqualified persons
beginning of year $276,173 · end of year $297,136
-
8 · Inventories for sale or use
beginning of year $8,000 · end of year $5,500
-
9 · Prepaid expenses and deferred charges
beginning of year $431 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $824,975 · end of year $573,270
-
23 · Secured mortgages and notes payable
beginning of year $158,677 · end of year $150,487
-
31 · Retained earnings, endowment or other funds
beginning of year $110,418 · end of year $106,635
Mission and programs · 2022
Mission
To promote music education. This is accomplished by raising money for music scholarships, donation of musical instruments to the under privileged and donation of the use
-
We provide both the use or outright donation of musical instruments to various music programs across the country. These donated instruments may be used by faculty and students for performance, practice, methods or to support outreach into the community.
Expenses $7,310,170 · Grants $2,632,660
-
We receive donations of musical instruments by generous individuals who are no longer using them. Many of these instruments are refurbished and provided at no cost to individuals who would not otherwise have the resources to purchase.
Expenses $53,756 · Grants $53,756
-
We do not award scholarships directly to the general public. Instead, we provide resources to many of our institutional partners who in turn select and award music scholarships at their discretion. As a result of the contribution from the Foundation, students at our partner universities are given the opportunity to continue their musical education.
Expenses $151,500 · Grants $151,500
As filed on the 2022 return.
Listed in Part VII
-
Tobin Rockley
President
- Total calculated
- $636,388
- From this org
- $636,388
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $636,388
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,362
- Filer's total
- $659,750
-
Liane Pieffer Rockley
Secretary/Treasurer
- Total calculated
- $10,500
- From this org
- $10,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12
-
Nina Rockley
Director
- Total calculated
- $0
- Hours/week
- 0
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$15,000
Education of Students
-
$15,000
Education of Students
-
Miami Dade
$12,500
Education of Students
-
$10,000
Education of Students
-
Kennesaw State
$10,000
Education of Students
-
$10,000
Education of Students
-
$10,000
Education of Students
-
GSU
$7,500
Education of Students
-
$7,000
Education of Students
-
University of Maryland Baltimore County(UMBC)
$6,400
Education of Students
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349328060
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.