Musicworks
- Assets
- $725.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Havertown, PA
- Founding
- 11/2008
- Data as of
- 06/2022
- EIN
- 26-2059154
Organization Overview
Musicworks is located in Havertown, PA. The organization was established in 2008. 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 06/2022, Musicworks employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musicworks 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 06/2022, Musicworks generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $746.9k during the year ending 06/2022. While expenses have increased by 12.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSICWORKS PROVIDES MUSIC THERAPY SERVICES TO RESTORE, IMPROVE, AND MAINTAIN THE QUALITY OF LIFE OF ALL INDIVIDUALS THROUGHOUT THE DELAWARE VALLEY WHO ARE CHALLENGED BY AUTISM, SPECIAL NEEDS, ILLNESS, OR AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC THERAPY SERVICES
MANAGEMENT AND GENERAL EXPENSES RELATED TO THE FIRST PURPOSE OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald O'leary Director/vic | Officer | 60 | $80,000 |
Lori O'leary Exec Directo | Officer | 60 | $80,000 |
Diane Barber Secretary | Officer | 5 | $0 |
Wendy L Jershky Assistant Tr | Officer | 1 | $0 |
Glenn Marshall Board Chair | Officer | 10 | $0 |
Brenda Shay Duska Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,721 |
| Noncash contributions included in lines 1a–1f | $12,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,221 |
| Total Program Service Revenue | $876,760 |
| Investment income | $40 |
| 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 | $1,051,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $56,120 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation of current officers, directors, key employees. | $48,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,529 |
| Payroll taxes | $48,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,800 |
| Advertising and promotion | $467 |
| Office expenses | $24,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,950 |
| Travel | $24,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,640 |
| Insurance | $6,598 |
| All other expenses | $492 |
| Total functional expenses | $746,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,644 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,669 |
| 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 | $0 |
| Net Land, buildings, and equipment | $19,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,439 |
| Other assets | $7,804 |
| Total assets | $725,313 |
| Accounts payable and accrued expenses | $1,207 |
| 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 | $149,900 |
| Total liabilities | $151,107 |
| Net assets without donor restrictions | $488,674 |
| Net assets with donor restrictions | $85,532 |
| 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 | $725,313 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Musicworks has recieved totaling $45,914.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $13,093 |
Widener Memorial Foundation In Aid Of Handicapped Children Plymouth Meeting, PA PURPOSE: PURCHASE MUSICAL INSTRUMENT BAGS TO PREVENT CROSS CONTAMINATION AND TWO LAPTOPS FOR MUSICAL INSTRUCTIONS PROVIDED BY MUSICAL THERAPISTS FOR CHILDREN WITH VARIOUS DISABILITIES | $12,005 |
Montgomery County Foundation For Handicapped Children Norristown, PA PURPOSE: UNRESTRICTED | $5,000 |
The Gordon Charter Foundation Wayne, PA PURPOSE: FOR MUSIC THERAPY SCHOOL PROPOSAL | $5,000 |
Ethel S C Smith Memorial Fund 02478-10-D Las Vegas, NV PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
Catholic Human Services Foundation Pittstown, NJ PURPOSE: FUNDING FOR COMPUTERS FOR PROGRAM PROVIDING MUSIC THERAPY SERVICES TO THOSE CHALLENGED BY AUTISM, SPECIAL NEEDS, ILLNESS OR AGING | $4,776 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |
Original Music Workshop Inc Brooklyn, NY | $4,224,196 | $2,706,667 |
Aaron Copland Fund For Music Inc New York, NY | $18,112,112 | $2,664,671 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |