Music Is Art
- Assets
- $47.4k
- Revenue
- $243.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Buffalo, NY
- Founding
- 04/2006
- Data as of
- 12/2023
- EIN
- 06-1719187
Organization Overview
Music Is Art is located in Buffalo, NY. The organization was established in 2006. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Music Is Art employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Is Art 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 12/2023, Music Is Art generated $243.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $224.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MUSIC IS ART IS TO CREATE OPPORTUNITIES THAT FUEL THE UNIFYING POWER OF MUSIC IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC IS ART FESTIVAL IS AN ANNUAL EVENT FEATURING OVER A DOZEN STAGES OF LIVE ENTERTAINMENT AND ART.
MUSIC INDUSTRY ALLIANCE IS AN EDUCATIONAL AND NETWORKING PROGRAM FOR LOCAL MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Aguglia Board Member | Trustee | 2 | $0 |
Michael Audet Board Member | Trustee | 1 | $0 |
Gitti Barrell Board Member | Trustee | 1 | $0 |
Roderick Bonner Board Member | Trustee | 1 | $0 |
Katie Buseck Board Member | Trustee | 1 | $0 |
Jill Casullo Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,401 |
| Fundraising events | $50,307 |
| Related organizations | $0 |
| Government grants | $43,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,684 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $5,445 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,845 |
| 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. | $71,108 |
| Compensation of current officers, directors, key employees. | $10,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,299 |
| Payroll taxes | $339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $825 |
| Advertising and promotion | $0 |
| Office expenses | $6,759 |
| Information technology | $1,241 |
| Royalties | $0 |
| Occupancy | $7,447 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135 |
| Interest | $1,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,669 |
| All other expenses | $1,347 |
| Total functional expenses | $224,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,648 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,300 |
| 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 | $4,493 |
| Prepaid expenses and deferred charges | $4,456 |
| Net Land, buildings, and equipment | $457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,354 |
| Accounts payable and accrued expenses | -$627 |
| 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 | $39,022 |
| Other liabilities | $0 |
| Total liabilities | $38,395 |
| Net assets without donor restrictions | $8,959 |
| Net assets with donor restrictions | $0 |
| 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 | $47,354 |