Music Mentors Inc
- Assets
- $98.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mentor, OH
- Founding
- 12/1974
- Data as of
- 05/2022
- EIN
- 23-7419901
Organization Overview
Music Mentors Inc is located in Mentor, OH. The organization was established in 1974. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Mentors 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 05/2022, Music Mentors Inc generated $43.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $17.9k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Freeman Vice President | 2 | $0 | |
Angie Arslanian President | 2 | $0 | |
Julie Bates Treasurer | 2 | $0 | |
Beatrice Goldberg Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,692 |
| Total Program Service Revenue | $0 |
| Membership dues | $49 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $36,903 |
| Other Revenue | $0 |
| Total Revenue | $43,649 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,080 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $140 |
| Other expenses | $750 |
| Total expenses | $17,882 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,325 |
| Other assets | $0 |
| Total assets | $98,325 |
| Total liabilities | $0 |
| Net assets or fund balances | $98,325 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music Mentors Inc has recieved totaling $212.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cleveland Music School Settlement Cleveland, OH | $23,962,029 | $4,711,711 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |
Marlboro School Of Music Inc Philadelphia, PA | $99,638,142 | $11,583,017 |
Cleveland Center For Arts And Technology Cleveland, OH | $1,152,482 | $1,467,063 |
Ohio Music Education Association Medina, OH | $1,669,334 | $1,339,352 |
Kentucky Music Educators Assn Inc Richmond, KY | $990,506 | $1,002,541 |
Ohio Music Education Association Medina, OH | $1,500 | $856,006 |
Cumberland Valley School Of Music Chambersburg, PA | $1,103,416 | $708,985 |
Community Music School Collegeville, PA | $1,705,613 | $990,164 |
Barn Theatre School For Advanced Theatre Training Augusta, MI | $574,557 | $548,922 |
Community Conservatory Of Music Doylestown, PA | $220,582 | $639,081 |
The Center For Theatre Arts Pittsburgh, PA | $395,422 | $418,540 |