Bring On The Music Inc
- Assets
- $11.8m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Santa Monica, CA
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 27-0030546
Organization Overview
Bring On The Music Inc is located in Santa Monica, CA. The organization was established in 2003. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2022, Bring On The Music Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bring On The Music 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 12/2022, Bring On The Music Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FREE MUSIC INSTRUCTION TO LOW INCOME CHILDREN, AS WELL AS AFFORDABLE MUSIC LESSONS TO CHILDREN AND ADULTS IN LOS ANGELES COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SILVERLAKE CONSERVATORY OF MUSIC (SCM) (WWW.SILVERLAKECONSERVATORY.COM) PROVIDED APPROXIMATELY 700 INDIVIDUALS FROM SILVERLAKE AND SURROUNDING L.A. COMMUNITIES WITH AFFORDABLE PRIVATE MUSIC LESSONS AND BASIC MUSIC EDUCATION. THE CONSERVATORY ALSO PARTICIPATED IN A NUMBER OF COMMUNITY BASED EVENTS AND HELD FOUR QUARTERLY RECITALS TO HIGHLIGHT OUR STUDENTS FOR THE ENJOYMENT OF OUR PARENTS AND COMMUNITY.
SCM HELD THREE, TWO-WEEK SUMMER CAMPS FOR AGES 7-15. ALL CAMPS INCLUDE WORKSHOPS IN INSTRUMENTAL AND VOCAL TECHNIQUE, MUSIC READING, MUSIC THEORY AND EAR TRAINING, MUSIC APPRECIATION, LISTENING AND ENSEMBLE PLAYING IN VARIOUS STYLES. EACH CAMP CULMINATES WITH A RECITAL WHERE THE YOUNG STARS GET TO SHOW THEIR STUFF!
SCHOLARSHIP STUDENTS TOTALED ABOUT 185 IN 2022. OUR GOAL IS TO MAINTAIN UP TO 200 SCHOLARSHIPS. CM SEEKS CHARITABLE SUPPORT TO FUND SCHOLARSHIPS FOR LOW-INCOME CHILDREN AGES 7 TO 17. STUDENTS QUALIFY FOR SCHOLARSHIP IF THEY ARE A TITLE 1 (LOW-INCOME) STUDENT. SCM PROVIDES SCHOLARSHIP STUDENTS THROUGHOUT THE YEAR WITH INDIVIDUAL INSTRUCTION, ENSEMBLE PARTICIPATION AND ENROLLMENT AT OUR SUMMER CAMPS. AS PART OF THE SCHOLARSHIP PROGRAM, SCM PROVIDES STUDENTS WITH FREE INSTRUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Greenspan Director | Trustee | 0 | $0 |
Michael Balzary Director | OfficerTrustee | 0 | $0 |
Jennifer Rey Managing Director | Trustee | 40 | $150,219 |
Keith Barry Dean & Director | Trustee | 40 | $0 |
Joe Braun Director | Trustee | 0 | $0 |
Susan Wiesner Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $288,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,683,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,972,061 |
| Total Program Service Revenue | $881,966 |
| Investment income | $504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,720,302 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,309 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,577,491 |
| 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. | $150,219 |
| Compensation of current officers, directors, key employees. | $22,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,290,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,399 |
| Payroll taxes | $121,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $549 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $253,221 |
| Office expenses | $110,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $192,036 |
| Insurance | $78,096 |
| All other expenses | $49,700 |
| Total functional expenses | $2,441,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,200,673 |
| Savings and temporary cash investments | $18,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,290 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,459,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,174 |
| Total assets | $11,794,480 |
| Accounts payable and accrued expenses | $0 |
| 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 | $28,968 |
| Total liabilities | $28,968 |
| Net assets without donor restrictions | $0 |
| 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 | $11,765,512 |
| Total liabilities and net assets/fund balances | $11,794,480 |