Musicians Incorporated
- Assets
- $94.1k
- Revenue
- $155.5k
- Investments
- $0.0
- Employees
- 43
- Location
- Denham Springs, LA
- Founding
- 12/2003
- Data as of
- 12/2020
- EIN
- 11-3701072
Organization Overview
Musicians Incorporated is located in Denham Springs, LA. The organization was established in 2003. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Musicians Incorporated employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musicians Incorporated 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 12/2020, Musicians Incorporated generated $155.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $90.8k during the year ending 12/2020. While expenses have increased by 55.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP FUND THE DENHAM SPRINGS HIGH SCHOOL BAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR THE ARTS AND MUSIC PROGRAMS IN AND AROUND LIVINGSTON PARISH, LA. MAIN SUPPORT IS FOR THE DENHAM SPRINGS HIGH SCHOOL BAND. THE BAND IS COMPOSED OF 185 STUDENTS IN WHICH FUNDS ARE USED TO HELP THE BAND TRAVEL FOR CONCERTS AND OTHER MARCHING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin Duncan President | Officer | 12 | $10,298 |
Denise English Treasurer | Officer | 12 | $9,806 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44 |
| Total Program Service Revenue | $425 |
| 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 | $149,252 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,533 |
| 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. | $16,980 |
| Compensation of current officers, directors, key employees. | $16,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $947 |
| Total functional expenses | $90,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,061 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $94,061 |
| 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 | $94,061 |
Grants Awarded
Over the last fiscal year, Musicians Incorporated has awarded $42,729 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DENHAM SPRINGS HIGH SCHOOL | | | $25,090 |
CHEERSPORT ACADEMY | | | $17,639 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Musicians Incorporated has recieved totaling $44.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Invitational Smoke Houston, TX | $5,761,542 | $2,810,220 |
Cullen Trust For The Performing Arts Houston, TX | $84,734,407 | $8,559,059 |
Tobin Endowment Tr San Antonio, TX | $66,872,342 | $3,974,678 |
Freedom Shield Foundation Lewisville, TX | $366,050 | $2,668,324 |
R W Norton Art Foundation Shreveport, LA | $90,584,723 | $3,020,184 |
Knowledge Arts Foundation Houston, TX | $5,977,787 | $3,546,412 |
J M Parker Foundation Abilene, TX | $41,978,298 | $664,865 |
Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 San Antonio, TX | $24,621,680 | $3,797,950 |
Inprint Inc Houston, TX | $7,553,324 | $1,398,082 |
Art And Eva Camunez Tucker Foundation San Angelo, TX | $10,543,164 | $1,213,438 |
Ralph H & Elizabeth C Norton Philanthropic Tr 31-36559-8 Dallas, TX | $12,369,497 | $1,046,063 |
Walton Arts Center Foundation Inc Fayetteville, AR | $17,710,449 | $44,264 |