Multicultural Music Group Inc
- Assets
- $707.2k
- Revenue
- $249.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 06/1996
- Data as of
- 06/2023
- EIN
- 13-3894314
Organization Overview
Multicultural Music Group Inc is located in Bronx, NY. The organization was established in 1996. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Multicultural Music Group 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 06/2023, Multicultural Music Group Inc generated $249.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $249.7k during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MULTICULTURAL MUSIC GROUP INC. THE ORGANIZATION" IS A NON-PROFIT ORGANIZATION EST. IN 1996 IN RESPONSE TO THE NEED FOR MULTICULTURAL MUSIC REPRESENTATION IN MUSIC TRAINING PROGRAMS AND THE SYMPHONIC REPERTOIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER EACH PROGRAM AREA TEACHING ARTISTS COMPOSERS SCHOLARS AND SOCIO-CULTURAL ACTIVITIES WORK WITH STUDENTS AND TEACHERS TO OFFER SEQUENTIAL MUSIC INSTRUCTION TEACHER TRAINING WORKSHOPS LECTURE DEMONSTRATIONS COMMUNITY DIALOGUES AND MULTICULTURAL PERFORMANCES THAT INCORPORATE SOCIAL ASPECTS AND MAJOR HISTORICAL EVENTS INTO AN INFORMATIVE MUSICAL STRUCTURE. THIS INCORPORATION DISTINGUISHES THE ORGANIZATION AS AN UNIQUE GROUNDBREAKING MUSIC ENTITY
UNDER CONTRACT WITH THE NEW YORK CITY DEPARTMENT OF EDUCATION. THE ORGANIZATION'S SYMPHONIC YOUTH PROGRAM PROVIDES DIRECT MULTICULTURAL MUSIC INTRODUTION TO PUBLIC SCHOOL STUDENTS AND TRAINING WORKSHOPS FOR TEACHERS AND SCHOOL PERSONNEL.
AS A PRESENTER THE ORGANIZATION'S ORCHESTRA PROGRAM THROUGH ITS ANNUAL CONCERT SERIES "THE MULTICULTURAL MUSIC ENCOUNTERS," OFFERS PERFORMANCES OF TRADITIONAL AND CLASSIC WORKS IN WESTERN AND NON-WESTERN MUSIC GENRES AND COMISSIONS NEW WORKS INFLUENCED BY A VARIETY OF CULTURAL TRADITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Rodriguez Director | Trustee | 8 | $0 |
Bruce Purse Director | Trustee | 8 | $0 |
George Sanchez Treasurer | OfficerTrustee | 8 | $0 |
Luis Muniz Director | Trustee | 8 | $0 |
Edwin Marrero President | OfficerTrustee | 8 | $0 |
Sofia Mojica Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $75,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,080 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,920 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,075 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,256 |
| Advertising and promotion | $31,688 |
| Office expenses | $2,340 |
| Information technology | $2,691 |
| Royalties | $0 |
| Occupancy | $5,882 |
| Travel | $7,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $249,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,690 |
| 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 | $13,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $707,185 |
| Accounts payable and accrued expenses | $86,634 |
| 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 | $499,501 |
| Total liabilities | $586,135 |
| Net assets without donor restrictions | $121,050 |
| 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 | $707,185 |