Music Is Extraordinary Inc
- Assets
- $834.6k
- Revenue
- $755.4k
- Investments
- $0.0
- Employees
- 16
- Location
- Emeryville, CA
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 20-2075370
Organization Overview
Music Is Extraordinary Inc is located in Emeryville, CA. The organization was established in 2006. 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. As of 12/2023, Music Is Extraordinary Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Is Extraordinary 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 12/2023, Music Is Extraordinary Inc generated $755.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $390.7k during the year ending 12/2023. While expenses have increased by 8.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH A VARIEY OF MUSIC ARTS THROUGH PROVIDING ECONOMICAL LESSONS AND CONCERTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
A LEADER IN MUSIC EDUCATION IN THE BAY AREA, MORE THAN 300 YOUNG PEOPLE HAVE BEEN EXPOSED TO QUALITY MUSIC FROM DIFFERENT GENRES. IN ADDITION WE HAVE INCREASED THE MUSIC LITERACYOF OVER 700 STUDENTS THROUGH OUR SUMMER MUSIC ACADEMY. WE HAVE ALSO TRAINED OVER 900 FLEDGLING MUSICIANS THROUGH PREPARATORY STUDIES AND DEVELOPED PRE-PROFESSIONAL MUSICIANS THROUGH THE FREDERICK DOUGLASS YOUTH ENSEMBLE. 95% OF OUR STUDENTS WHO HAVE GRADUATED OUR PROGRAMS HAVE ENTERED HIGH SCHOOL, COLLEGE OR CONSERVATORY MUSIC PROGRAMS. SINCE OUR FORMATION WE HAVE PROVIDED DIRECT MUSIC EDUCATION FOR OVER 1,200 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Wellman Chief Executive Officer | Officer | 40 | $82,862 |
Michael James Cronen Director | Trustee | 1 | $0 |
Suzy Thompson Director | Trustee | 1 | $0 |
Laurie Cahn Director | Trustee | 1 | $0 |
Saleem Gilmore Director | Trustee | 0 | $0 |
Sonya Scott Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $668,835 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,835 |
| Total Program Service Revenue | $60,167 |
| Investment income | $1,400 |
| 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 | $755,412 |
| 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. | $82,862 |
| Compensation of current officers, directors, key employees. | $39,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,967 |
| Payroll taxes | $22,108 |
| Fees for services: Management | $23,465 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,580 |
| Advertising and promotion | $24,631 |
| Office expenses | $1,966 |
| Information technology | $2,521 |
| Royalties | $0 |
| Occupancy | $46,419 |
| Travel | $184 |
| 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 | $5,813 |
| All other expenses | $0 |
| Total functional expenses | $390,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,000 |
| 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 | $9,716 |
| Net Land, buildings, and equipment | $128,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $834,597 |
| Accounts payable and accrued expenses | $1,970 |
| 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 | $450 |
| Other liabilities | $1,820 |
| Total liabilities | $4,240 |
| Net assets without donor restrictions | $830,357 |
| 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 | $834,597 |