Notes For Notes Incorporated
- Assets
- $2.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 40
- Location
- Nashville, TN
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 20-4875556
Organization Overview
Notes For Notes Incorporated is located in Nashville, TN. The organization was established in 2008. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Notes For Notes Incorporated employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Notes For Notes Incorporated 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 12/2021, Notes For Notes Incorporated generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YOUTH WITH FREE ACCESS TO MUSICAL INSTRUMENTS, INSTRUCTION, AND A MUSIC-MAKING ENVIRONMENT SO THAT MUSIC CAN BECOME A PROFOUNDLY POSITIVE INFLUENCE IN THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 N4N WAS ABLE TO FINALLY ABLE TO REOPEN STUDIOS PREVIOUSLY CLOSED FOR PANDEMIC-RELATED CONSTRAINTS ON OPERATIONS. N4N LAUNCHED A NEW PARTNERSHIP WITH PUBLIC CHARTER SCHOOL IN PITTSBURGH EXPANDING N4N SERVICES TO STUDENTS IN THE CLASSROOM WITH REMOTE EDUCATION. WHILE CONSTRUCTION ON N4N'S FIRST IN-SCHOOL STUDIO HAD YET TO COMMENCE N4N STAFF ARE CURRENTLY IN THE CLASSROOM INSTRUCTING WITH ORIGINAL (STANDARDS-BASED) N4N CURRICULUM AND PROGRAMMING. IN 2021 N4N STUDIOS SERVED 4,118 UNIQUE YOUTH ACROSS 18,528 SESSIONS ACROSS 16,929 HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Gilley Ceo/director | OfficerTrustee | 40 | $76,500 |
Roderick Hare Board Chair | Officer | 1 | $0 |
Duncan Dashiff Treasurer | Officer | 1 | $0 |
Matt Kettmann Secretary | Officer | 1 | $0 |
Natalie Noone Director | Trustee | 1 | $0 |
Ian Smith Director | 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 | $2,515,834 |
| Noncash contributions included in lines 1a–1f | $29,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,515,834 |
| 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 | $2,515,834 |
| 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. | $76,500 |
| Compensation of current officers, directors, key employees. | $7,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,480,312 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $867 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,761 |
| 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 | $92,541 |
| Insurance | $39,789 |
| All other expenses | $12,564 |
| Total functional expenses | $1,958,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,375,759 |
| Accounts receivable, net | $405,344 |
| 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 | $439 |
| Net Land, buildings, and equipment | $157,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,868 |
| Total assets | $2,688,504 |
| Accounts payable and accrued expenses | $61,989 |
| 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 | $61,989 |
| Net assets without donor restrictions | $1,230,467 |
| Net assets with donor restrictions | $1,396,048 |
| 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 | $2,688,504 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Notes For Notes Incorporated has recieved totaling $156,831.
| Awarding Organization | Amount |
|---|---|
Social Impact Fund Los Angeles, CA PURPOSE: General Support | $100,000 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: ARTS, CULTURE, AND HUMANITIES | $27,000 |
Soundwaves Art Foundation Lockhart, TX PURPOSE: GRANT | $22,831 |
Santa Barbara Bowl Foundation Santa Barbara, CA PURPOSE: OUTREACH GRANT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Notes For Notes Incorporated Nashville, TN | $2,688,504 | $2,515,834 |
Foundation For Arts And Cultural Connections Inc Birmingham, AL | $119,060 | $354,460 |
Jefferson County Festival Charities Knoxville, TN | $69,592 | $209,550 |
Carolina Designer Craftsmen Inc Wilmington, NC | $7,819 | $0 |
Morgan County Sorghum Festival Inc West Liberty, KY | $7,221 | $0 |
First Night Harrisonburg Inc Harrisonburg, VA | $0 | $0 |
Missouri Bbq Society Inc Jefferson City, MO | $21,739 | $0 |
Waterfire Kc Inc Kansas City, MO | $10,889 | $0 |
Peachtree Corners Festival Inc Peachtree Corners, GA | $32,134 | $0 |