Music City Youth In The Arts Inc
- Assets
- $122.9k
- Revenue
- $169.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Nashville, TN
- Founding
- 05/2009
- Data as of
- 10/2020
- EIN
- 26-3258158
Organization Overview
Music City Youth In The Arts Inc, operating under the name Music City Drum Corps, is located in Nashville, TN. The organization was established in 2009. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, 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 City Drum Corps 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 10/2020, Music City Drum Corps generated $169.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $195.5k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 4 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION AND PURPOSE OF MUSIC CITY YOUTH IN THE ARTS, INC. IS TO PROVIDE YOUTH WITH POSITIVE LIFE-ENRICHING EXPERIENCES THROUGH MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FIELDED A COMPETITIVE DRUM AND BUGLE CORPS FOR THE SUMMER, WITH MEMBERS (AGES 14-22). THE CORPS COMPETES IN DRUM CORPS COMPETITIONS ACROSS THE COUNTRY AS WELL AS HOSTING SEVERAL FREE EDUCATION CLINICS FOR THE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Caroll President | OfficerTrustee | 10 | $0 |
Mike Webb Treasurer | OfficerTrustee | 10 | $0 |
Mark Garey Vice President | OfficerTrustee | 10 | $0 |
Cindy Sawyer Secretary | OfficerTrustee | 10 | $0 |
Chaz Bledsoe Board Member | Trustee | 5 | $0 |
Dan Hecht Board Member | Trustee | 5 | $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 | $61,003 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,003 |
| Total Program Service Revenue | $69,262 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,275 |
| Net Income from Fundraising Events | $16,865 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,405 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,010 |
| Office expenses | $2,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| 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 | $20,076 |
| Insurance | $5,543 |
| All other expenses | $2,571 |
| Total functional expenses | $195,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,283 |
| 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 | $14,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,949 |
| Total assets | $122,900 |
| Accounts payable and accrued expenses | $2,722 |
| Grants payable | $0 |
| Deferred revenue | $8,552 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $12,700 |
| Other liabilities | $0 |
| Total liabilities | $33,974 |
| Net assets without donor restrictions | $88,926 |
| Net assets with donor restrictions | $0 |
| 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 | $122,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music City Youth In The Arts Inc has recieved totaling $10,522.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trio Foundation St Louis, MO | $39,212,571 | $11,850,329 |
Music Maker Relief Foundation Inc Hillsborough, NC | $1,058,150 | $1,076,800 |
Harrison High Band Boosters Inc Kennesaw, GA | $195,201 | $387,122 |
Lafayette Band Association Lexington, KY | $190,820 | $419,939 |
Municipal Band Of Charlottesville Inc Charlottesville, VA | $2,432,424 | $628,536 |
Hillgrove High School Band Boosterclub Marietta, GA | $146,405 | $332,631 |
Riser Foundation Nashville, TN | $49,165 | $0 |
Harps Foundation Richmond, VA | $285,568 | $439,266 |
Playback Memphis Memphis, TN | $2,216,872 | $146,708 |
Pope Band Parents Association Inc Marietta, GA | $209,475 | $226,396 |
George H Buck Jr Jazzology Foundation Inc Columbus, GA | $4,320,599 | $533,652 |
Atlanta Chamber Players Inc Atlanta, GA | $279,272 | $217,838 |