Music That Matters Inc
- Assets
- $1.1m
- Revenue
- $751.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Appleton, WI
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 20-8883546
Organization Overview
Music That Matters Inc is located in Appleton, WI. The organization was established in 2008. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Music That Matters Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music That Matters 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 12/2021, Music That Matters Inc generated $751.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $739.0k during the year ending 12/2021. 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 CREATE A DYNAMIC NON-PROFIT RADIO STATION, DEDICATED TO GIVING NONPROFITS UNPRECEDENTED ACCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TAX EXEMPT PURPOSE OF MUSIC THAT MATTERS, INC. IS TO OWN AND OPERATE A RADIO STATION(S) FOR THE EXPRESS PURPOSE OF PROVIDING ON-AIR RADIO BROADCASTS THAT BENEFIT QUALIFIED COMMUNITY NONPROFIT ORGANIZATIONS AND/OR OTHER LOCAL CHARITABLE CAUSES, ESPECIALLY THOSE THAT BENEFIT BASIC HUMAN NEEDS. IN SO DOING, THE COMPANY WILL PROVIDE A VOICE AND PRESENCE THROUGH BROADCAST MENTIONS OF THESE NONPROFIT ORGANIZATIONS AND CHARITABLE CAUSES SO THE BROADCASTS CAN BRING THEIR MESSAGE TO THE LISTENING AUDIENCE. MUSIC THAT MATTERS, INC. WILL PROVIDE THESE MESSAGES TOGETHER WITH THE UNIQUE MIX OF MUSIC TO ATTRACT A PASSIONATE LISTENER GROUP WHO IN TURN SUPPORT THESE LOCAL NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Moore Executive Di | OfficerTrustee | 40 | $108,768 |
Vint Buckwalter Treasurer | OfficerTrustee | 4 | $0 |
Douglas Mueller President | OfficerTrustee | 2 | $0 |
Greg Gill Sr Director | OfficerTrustee | 4 | $0 |
Daniel Voissem Secretary | OfficerTrustee | 2 | $0 |
Charles Schmalz Vice Preside | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,241 |
| Related organizations | $0 |
| Government grants | $78,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,549 |
| Total Program Service Revenue | $286,542 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $751,612 |
| 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. | $108,768 |
| Compensation of current officers, directors, key employees. | $21,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,433 |
| Payroll taxes | $33,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $510 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,835 |
| Advertising and promotion | $1,714 |
| Office expenses | $18,650 |
| Information technology | $19,010 |
| Royalties | $0 |
| Occupancy | $98,132 |
| Travel | $6,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $726 |
| Interest | $194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,290 |
| Insurance | $18,631 |
| All other expenses | $0 |
| Total functional expenses | $739,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,133 |
| Pledges and grants receivable | $1,081 |
| Accounts receivable, net | $29,901 |
| 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 | $9,966 |
| Net Land, buildings, and equipment | $196,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $700,000 |
| Other assets | $0 |
| Total assets | $1,055,762 |
| Accounts payable and accrued expenses | $23,973 |
| Grants payable | $0 |
| Deferred revenue | $6,376 |
| 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 | $30,349 |
| Net assets without donor restrictions | $1,024,280 |
| Net assets with donor restrictions | $1,133 |
| 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 | $1,055,762 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Music That Matters Inc has recieved totaling $22,052.
| Awarding Organization | Amount |
|---|---|
John And Julie Schmidt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: ARTS & CULTURE PROGRAM SUPPORT | $7,000 |
Grande Foundation Fond Du Lac, WI PURPOSE: COMMUNITY SUPPORT PROGRAMS | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Public Media Inc Chicago, IL | $91,335,229 | $32,290,439 |
Public Radio International Inc Minneapolis, MN | $12,682,177 | $6,196,904 |
Wisconsin Public Radio Association Inc Madison, WI | $11,978,603 | $13,336,665 |
Epoch Media Midwest Chicago, IL | $2,954,210 | $7,040,924 |
Radio Milwaukee Inc Milwaukee, WI | $5,388,772 | $3,567,376 |
Ksmq Public Service Media Inc Austin, MN | $4,584,399 | $2,516,403 |
Association Of Minnesota Public Educational Radio Stations Inc St Paul, MN | $735,621 | $1,707,372 |
Northern Community Radio Grand Rapids, MN | $2,309,973 | $1,543,476 |
Cook County Community Radio Grand Marais, MN | $998,081 | $906,306 |
Back Porch Radio Broadcasting Inc Wort Radio Madison, WI | $793,221 | $924,594 |
Fresh Air Inc Minneapolis, MN | $1,090,041 | $1,240,335 |
White Pine Community Broadcasting Inc Rhinelander, WI | $1,445,075 | $658,361 |