Renovation In Music Education
- Assets
- $586.5k
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 13-4185513
Organization Overview
Renovation In Music Education, operating under the name MusiCorps, is located in Washington, DC. The organization was established in 2001. 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, MusiCorps employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MusiCorps 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, MusiCorps generated $262.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $329.0k 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
RENOVATION IN MUSIC EDUCATION, DOING BUSINESS AS (DBA) MUSICORPS, HELPS INJURED SERVICE MEMBERS PLAY MUSIC AND RECOVER THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED IN RESPONSE TO THE CRISIS OF RETURNING SERVICE MEMBERS INJURED IN IRAQ AND AFGHANISTAN, MUSICORPS IS A CONSERVATORY-LEVEL, MUSIC REHABILITATION PROGRAM THAT HELPS WOUNDED WARRIORS PLAY MUSIC AND RECOVER THEIR LIVES. IT HAS BEEN PRAISED BY THE WALL STREET JOURNAL AS "REVOLUTIONARY," IS PIONEERING IN THE FIELD OF ADAPTIVE MUSIC, AND HAS HELPED COUNTLESS WOUNDED WARRIORS LEARN OR RELEARN HOW TO PLAY AN INSTRUMENT AS A CORE PART OF THEIR REHABILITATION. AMONG OTHER SERVICES, MUSICORPS PROVIDES REGULAR ONE-ON-ONE SESSIONS THAT PAIR INJURED SERVICE MEMBERS WITH PROFESSIONAL TEACHING ARTISTS. MUSICORPS HAS PROVIDED THOUSANDS OF SESSIONS WORKING WITH HUNDREDS OF SERVICE MEMBERS. IN THE WORDS OF SGT LEVI CRAWFORD, INJURED BY A ROADSIDE BOMB IN AFGHANISTAN, MUSICORPS "DOESN'T JUST HELP A SOLDIER LEARN TO PLAY MUSIC, IT HELPS HIM GET BACK TO NORMAL LIFE." THE MUSICORPS WOUNDED WARRIOR BAND, THE PERFORMANCE COMPONENT OF MUSICORPS, IS MADE UP OF INJURED SERVICE MEMBERS WHO BECAME MUSICIANS THROUGH MUSICORPS. THE BAND HAS INSPIRED MILLIONS OF PEOPLE WITH POWERFUL PERFORMANCES THAT SPEAK TO THE TALENT AND RESILIENCE OF ITS MEMBERS, AND HAS PERFORMED WITH ROGER WATERS, YO-YO MA, AND SHERYL CROW, AT THE KENNEDY CENTER, GRAND OLE OPRY, AND MADISON SQUARE GARDEN, AND ON PBS, THE COLBERT REPORT, AND NCIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Bloom President | OfficerTrustee | 40 | $100,000 |
Hirokazu Yoshikawa Vice President | OfficerTrustee | 0.2 | $0 |
David M C Stern Director | Trustee | 0.2 | $0 |
Edward Suh Treasurer | OfficerTrustee | 0.2 | $0 |
Micki Chen Secretary | OfficerTrustee | 0.2 | $0 |
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 | $245,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,007 |
| Total Program Service Revenue | $0 |
| Investment income | $17,494 |
| 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 | $262,501 |
| 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. | $119,086 |
| Compensation of current officers, directors, key employees. | $5,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,451 |
| Advertising and promotion | $200 |
| Office expenses | $5,284 |
| Information technology | $9,689 |
| Royalties | $0 |
| Occupancy | $61,327 |
| Travel | $13,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,354 |
| Insurance | $1,622 |
| All other expenses | $0 |
| Total functional expenses | $328,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147 |
| Savings and temporary cash investments | $508,785 |
| Pledges and grants receivable | $44,048 |
| 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 | $1,054 |
| Net Land, buildings, and equipment | $6,134 |
| Investments—publicly traded securities | $26,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $586,522 |
| Accounts payable and accrued expenses | $12,434 |
| 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 | $12,434 |
| Net assets without donor restrictions | $574,088 |
| 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 | $586,522 |