Music And Youth Initiative Inc
- Assets
- $571.5k
- Revenue
- $238.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-2767066
Organization Overview
Music And Youth Initiative Inc is located in Needham, MA. The organization was established in 2006. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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. Music And Youth Initiative 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 And Youth Initiative Inc generated $238.4k 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 (5.5%) each year. All expenses for the organization totaled $172.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Music And Youth Initiative Inc has awarded 105 individual grants totaling $1,758,339. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE THAT EVERY YOUNG PERSON SHOULD HAVE THE OPPORTUNITY TO EXPERIENCE THE MAGIC OF MUSIC. MUSIC HAS THE POWER TO BUILD ACADEMIC AND SOCIAL SKILLS, UNLEASH CREATIVITY, AND DEVELOP SELF-CONFIDENCE AND SELF-ESTEEM. MUSIC IS THE MAGNET THAT ATTRACTS YOUTH TO A SAFE PLACE TO LEARN AND GROW, AWAY FROM THE CULTURE OF DRUGS, GANGS, AND VIOLENCE WHICH IS ALL TOO PREVALENT ON THE STREETS OF THE LOW-INCOME URBAN AREAS WE TARGET. OUR PARTNERSHIPS WITH YOUTH DEVELOPMENT ORGANIZATIONS PROVIDE PARTICIPANTS IN MIDDLE SCHOOL AND OLDER WITH AFTER-SCHOOL MUSIC EDUCATION AS WELL AS ACCESS TO PROGRAMS AIMED AT SUCCESSFUL HIGH SCHOOL GRADUATION, OPPORTUNITIES FOR DEVELOPING JOB SKILLS, AND COLLEGE PREPARATION SUPPORT; ALL OF WHICH HELPS BUILD SELF-CONFIDENCE AND SELF-ESTEEM THAT WILL LAST A LIFETIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC AND YOUTH INITIATIVE WAS FOUNDED IN 2005 TO PARTNER WITH YOUTH DEVELOPMENT ORGANIZATIONS SERVING UNDER-RESOURCED URBAN COMMUNITIES. WE PROVIDE EACH PARTNER WITH MULTI-YEAR FUNDING, EQUIPMENT GRANTS, AND EXTENSIVE PROGRAM SUPPORT TO HELP THEM CREATE AND SUSTAIN A "MUSIC CLUBHOUSE", WHICH THEY INTEGRATE INTO THEIR OVERALL PROGRAM OFFERINGS. WE ALSO PROVIDE FUNDING AND PROGRAM SUPPORT FOR "CATALYST GRANTS" FOR NEW OR EXISTING INNOVATIVE PROGRAMS THAT USE MUSIC AS A VEHICLE FOR YOUTH DEVELOPMENT FOR ORGANIZATIONS THAT MAY NOT HAVE THE SPACE OR STAFFING REQUIRED FOR A MUSIC CLUBHOUSE. WE SUPPORT AFTER-SCHOOL PROGRAMS FOCUSED ON TWEENS AND TEENS, DESIGNED TO BE SAFE PLACES FOR YOUNG PEOPLE TO NOT ONLY EXPLORE THEIR MUSICAL INTERESTS, BUT MORE IMPORTANTLY USE MUSIC AS A VEHICLE TO UNDERSTAND AND EXPRESS THEIR THOUGHTS AND EMOTIONS, AND DEVELOP LIFE SKILLS AS THEY MOVE TOWARD ADULTHOOD. THESE PROGRAMS ARE LED BY A PROFESSIONAL MUSICAL STAFF WITH STRONG YOUTH DEVELOPMENT SKILLS WHO ARE DEDICATED TO HELPING ALL PARTICIPANTS FIND THEIR VOICE. THE PROGRAMS ARE INTENTIONALLY SELF-DIRECTED, ENCOURAGING TEENS TO PLAY THE MUSIC THEY ARE INTERESTED IN AND SUPPORTING THEIR EFFORTS TO LEARN AS MUCH MUSICALLY AS THEY DESIRE. IN ADDITION TO A WIDE ARRAY OF INSTRUMENTS SUCH AS GUITARS, DRUMS, AND KEYBOARDS AS WELL AS WITH STATE-OF-THE ART RECORDING HARDWARE AND SOFTWARE TO ATTRACT TODAY'S TEENS WHO ARE INTERESTED IN WRITING AND PRODUCING THEIR OWN MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Eichhorn President | OfficerTrustee | 30 | $0 |
Joan Eichhorn Treasurer, Secretary | OfficerTrustee | 30 | $0 |
Mark Duffy Director | Trustee | 0.5 | $0 |
Tom Hamilton Director | Trustee | 0.5 | $0 |
Andrea Howard Director | Trustee | 0.5 | $0 |
Heather Sullivan Director | Trustee | 0.5 | $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 | $218,431 |
| Noncash contributions included in lines 1a–1f | $7,338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,431 |
| Total Program Service Revenue | $0 |
| Investment income | $19,175 |
| 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 | $238,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,789 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,488 |
| Advertising and promotion | $0 |
| Office expenses | $1,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,046 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,804 |
| All other expenses | $0 |
| Total functional expenses | $172,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,036 |
| Savings and temporary cash investments | $471,925 |
| 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 | $518 |
| 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 | $571,479 |
| Accounts payable and accrued expenses | $4,468 |
| 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 | $4,468 |
| Net assets without donor restrictions | $567,011 |
| 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 | $571,479 |
Grants Awarded
Over the last fiscal year, Music And Youth Initiative Inc has awarded $119,905 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF METRO SOUTH PURPOSE: PROGRAM SUPPORT | $12,410 |
BOYS & GIRLS CLUBS OF BOSTON PURPOSE: PROGRAM SUPPORT | $24,280 |
BOYS & GIRLS CLUBS OF THE CAPITAL AREA PURPOSE: PROGRAM SUPPORT | $17,639 |
BOYS & GIRLS CLUBS OF WARWICK PURPOSE: PROGRAM SUPPORT | $17,765 |
BOYS & GIRLS CLUBS OF STONEHAM AND WAKEFIELD PURPOSE: PROGRAM SUPPORT | $13,098 |
SOCIEDAD LATINA PURPOSE: PROGRAM SUPPORT | $5,811 |