Musicopia Inc
- Assets
- $670.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Philadelphia, PA
- Founding
- 08/1975
- Data as of
- 06/2023
- EIN
- 23-7397981
Organization Overview
Musicopia Inc is located in Philadelphia, PA. The organization was established in 1975. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Musicopia Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musicopia 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 06/2023, Musicopia Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 9.1% per year over the past 8 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
MUSICOPIA'S MISSION IS TO PROVIDE EQUITABLE ACCESS TO MUSIC EDUCATION AND ENRICHMENT, ENCOURAGING SELF-CONFIDENCE, GLOBAL AWARENESS, DEDICATION AND JOY IN PRE-K TO 12TH GRADE STUDENTS AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAMMING - MUSICOPIA IS A LEADER IN REVITALIZING SCHOOL MUSIC PROGRAMS THROUGHOUT THE DELAWARE VALLEY. ANNUALLY, MUSICOPIA'S PROFESSIONAL ENSEMBLES AND SOLO MUSICIANS PRESENT MORE THAN 4,823 PROGRAMS THAT REACH OVER 23,338 STUDENTS AND COMMUNITY MEMBERS. APPROXIMATELY 80% OF MUSICOPIA'S EFFORTS GO TO PROGRAMS AND SERVICES IN LOW-RESOURCE SCHOOLS AND COMMUNITIES, WHERE MUSIC EDUCATION IS MOST DEFICIENT. IN ADDITION TO IN-SCHOOL PROGRAMS, MUSICOPIA HAS ESTABLISHED LONG-TERM, OUT-OF-SCHOOL PERFORMING ENSEMBLES FOR STUDENTS WHO LACK OPPORTUNITIES FOR BOTH PERFORMANCE AND STUDY.
ADMINISTRATIVE SERVICES FOR CONTROLLED AFFILIATE: MUSICOPIA PROVIDES ADMINISTRATIVE SERVICES FOR ARTS IN SCHOOLS COLLABORATIVE, A CONTROLLED AFFILIATE OF THE ORGANIZATION.
ADOPT-A-SCHOOL: CURRENTLY SERVES TWELVE TITLE 1 SCHOOLS. EACH PARTNER RECEIVES A STRATEGIC ASSESSMENT OF THEIR EXISTING MUSIC PROGRAM, AND A CUSTOMIZED YEAR-LONG PLAN OF PROGRAMS IS CREATED TO MEET THE NEEDS OF EACH SCHOOL. OFFERINGS INCLUDE RESIDENCY PROGRAMS, INSTRUMENT DONATIONS, REPAIRS, AND PURCHASES, VOCAL AND INSTRUMENTAL MUSIC COACHING SESSIONS, IN-SCHOOL PERFORMANCE ENSEMBLE AND COMMUNITY CONCERT SUPPORT, MUSIC TEACHER SUPPORT, AND FIELD TRIPS TO THE AREA'S CULTURAL ATTRACTIONS.
MUSICOPIA DRUMLINES IS AN AWARD-WINNING, AFTER-SCHOOL PERCUSSION PROGRAM TARGETING STUDENTS AT RISK FOR ACADEMIC FAILURE, WITH THE OVERALL GOAL OF INSPIRING PARTICIPANTS TO DEVELOP MUSICAL SKILLS, SELF-DISCIPLINE, SELF- CONFIDENCE, AND AN ASPIRATION TO PUSH THEMSELVES TO FURTHER ACCOMPLISHMENTS. THE PROGROAM SERVES 1812 STUDENTS IN 15 SCHOOLS IN GRADES K-12. GOALS INCLUDE BUILDING SELF-EFFICACY/DISCIPLINE AMONGST STUDENTS, PROVIDING TEACHER TRAINING OPPORTUNITIES FOR ALUMNI, AND PREPARING STUDENTS TO PERFORM AND/OR STUDY MUSIC EDUCATION AT A COLLEGIATE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Charlton President | OfficerTrustee | 32 | $92,818 |
David Distefano Chair | OfficerTrustee | 1 | $0 |
Lynne Millard Secretary | OfficerTrustee | 1 | $0 |
Staci Wilhelm Treasurer | OfficerTrustee | 1 | $0 |
Joseph Batory Director | Trustee | 1 | $0 |
Catherine Broh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $902,652 |
| Noncash contributions included in lines 1a–1f | $159,160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,233 |
| Total Program Service Revenue | $259,845 |
| Investment income | $1,726 |
| 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 | $1,357,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,400 |
| 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. | $111,000 |
| Compensation of current officers, directors, key employees. | $22,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,005 |
| Pension plan accruals and contributions | $10,538 |
| Other employee benefits | $44,086 |
| Payroll taxes | $53,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $326,000 |
| Advertising and promotion | $808 |
| Office expenses | $36,239 |
| Information technology | $27,622 |
| Royalties | $0 |
| Occupancy | $14,730 |
| Travel | $3,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,741 |
| Insurance | $14,689 |
| All other expenses | $290 |
| Total functional expenses | $1,594,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,521 |
| Savings and temporary cash investments | $473,889 |
| Pledges and grants receivable | $38,000 |
| Accounts receivable, net | $18,177 |
| 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 | $5,148 |
| Net Land, buildings, and equipment | $31,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $670,068 |
| Accounts payable and accrued expenses | $14,050 |
| Grants payable | $0 |
| Deferred revenue | $21,670 |
| 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 | $11,784 |
| Total liabilities | $47,504 |
| Net assets without donor restrictions | $409,151 |
| Net assets with donor restrictions | $213,413 |
| 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 | $670,068 |
Grants Awarded
Over the last fiscal year, Musicopia Inc has awarded $45,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAIN LINE SYMPHONY ORCHESTRA PURPOSE: Charitable | $10,000 |
PHILADELPHIA ARTS IN EDUCATION PARTNERSHIP PURPOSE: Charitable | $35,400 |