Academy Of Music For The Blind
- Assets
- $435.5k
- Revenue
- $213.1k
- Investments
- $307.6k
- Employees
- 0
- Location
- Monrovia, CA
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 20-1148737
Organization Overview
Academy Of Music For The Blind is located in Monrovia, CA. The organization was established in 2005. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, 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. Academy Of Music For The Blind 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 12/2022, Academy Of Music For The Blind generated $213.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $181.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Academy Of Music For The Blind has awarded 25 individual grants totaling $531,703. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MUSICAL INSTRUCTION AND PROMOTE MUSIC FOR THE BLIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION - MISSION STATEMENT AMB IS DEDICATED TO ADDRESSING THE UNIQUE TALENTS AND CHALLENGES OF BLIND MUSIC STUDENTS BY DEVELOPING THEIR CREATIVE, COGNITIVE, PHYSICAL, AND SOCIAL SKILLS THROUGH EDUCATION IN MUSIC AND THE PERFORMING ARTS.1. EDUCATING BLIND YOUTH2. PROVIDING FREE CONCERTS THROUGHOUT THE YEAR3. PROVIDING WORK FOR 4 BLIND TUTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pinto Grant Writer | OfficerTrustee | 36 | $0 |
Gary Breaux Treasurer & Secretary | OfficerTrustee | 1 | $0 |
Layne Beamer Chairman Of The Board | OfficerTrustee | 1 | $0 |
Tracey Riddle Student Family Relations | Trustee | 1 | $0 |
Maurice Meysenburg Outreach | Trustee | 1 | $0 |
Durdana Karim Legal Adviser | Trustee | 1 | $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 | $162,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,462 |
| Total Program Service Revenue | $50,630 |
| Investment income | $1 |
| 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 | $213,093 |
| 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 | $84,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,796 |
| Fees for services: Management | $34,609 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,404 |
| Advertising and promotion | $0 |
| Office expenses | $2,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,210 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,402 |
| Insurance | $1,834 |
| All other expenses | $0 |
| Total functional expenses | $180,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180 |
| 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 | $28,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $307,561 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,356 |
| Total assets | $435,466 |
| 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 | $0 |
| 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 | $435,466 |
| Total liabilities and net assets/fund balances | $435,466 |
Grants Awarded
Over the last fiscal year, Academy Of Music For The Blind has awarded $68,253 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FIND YOUR LIGHT FOUNDATION PURPOSE: SUPPORTING EDUCATION FOR BLIND YOUTH. | $12,000 |
PAS SHOWCASE HOUSE FOR THE ARTS PURPOSE: SUPPORTING EDUCATION FOR BLIND YOUTH. | $8,000 |
ACADEMY MANAGEMENT SERVICES PURPOSE: SUPPORTING EDUCATION FOR BLIND YOUTH.SUPPORTING EDUCATION FOR BLIND YOUTH. | $7,600 |
FIDELITY INVESTMENTS PURPOSE: SUPPORTING EDUCATION FOR BLIND YOUTH | $18,000 |
PASADENA COMMUNITY FOUNDATION PURPOSE: SUPPORTING EDUCATION FOR BLIND YOUTH.SUPPORTING EDUCATION FOR BLIND YOUTH. | $7,153 |
MICHAEL PINTO PURPOSE: SUPPORTING EDUCATION OF BLIND YOUTH | $10,000 |