Music Room Inc
- Assets
- $319.3k
- Revenue
- $644.9k
- Investments
- $0.0
- Employees
- 26
- Location
- Orange, CA
- Founding
- 10/1989
- Data as of
- 03/2024
- EIN
- 33-0310294
Organization Overview
Music Room Inc is located in Orange, CA. The organization was established in 1989. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, Music Room Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Room 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 03/2024, Music Room Inc generated $644.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $651.1k during the year ending 03/2024. While expenses have increased by 6.5% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND PRODUCE DANCE AND MUSIC RECITALS FOR APPROXIMATELY 250 STUDENTS. STUDENTS BENEFIT FROM THESE SERVICE BY BOTAINING AN IN-DEPTH UNDERSTANDING, APPRECIATION AND KNOWLEDGE OF MUSIC, DANCE AND ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE AND PRODUCE DANCE AND MUSIC RECITALS FOR APPROXIMATELY 250 STUDENTS. STUDENTS BENEFIT FROM THESE SERVICE BY BOTAINING AN IN-DEPTH UNDERSTANDING, APPRECIATION AND KNOWLEDGE OF MUSIC, DANCE AND ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Westenhofer President & CEO | Officer | 60 | $42,800 |
Peter Westenhoffer Secretary | OfficerTrustee | 2 | $0 |
Penny Kim CFO | OfficerTrustee | 2 | $0 |
Gina Gidden Vice President | Trustee | 0 | $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 | $30,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,225 |
| Total Program Service Revenue | $596,341 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,350 |
| 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 | $644,904 |
| 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. | $42,800 |
| Compensation of current officers, directors, key employees. | $10,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,140 |
| Payroll taxes | $16,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,684 |
| Insurance | $5,890 |
| All other expenses | $38,991 |
| Total functional expenses | $651,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,356 |
| Savings and temporary cash investments | $12,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,249 |
| 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 | $274,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,179 |
| Total assets | $319,336 |
| 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 | $44,573 |
| Total liabilities | $44,573 |
| Net assets without donor restrictions | $274,763 |
| 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 | $319,336 |