Piano & More
- Assets
- $48.4k
- Revenue
- $328.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Arlington, VA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 38-4077902
Organization Overview
Piano & More is located in Arlington, VA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Piano & More employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piano & More 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, Piano & More generated $328.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $313.8k during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 4 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
OUR MISSION IS TO MAKE THE LEARNING OF MUSIC FUN AND AVAILABLE TO ALL PEOPLE - NO MATTER AGE OR BACKGROUND. THE STUDENT SPONSORSHIP PROGRAM, STARTED IN THE FALL OF 2019, ALLOWS LOW INCOME FAMILIES AN OPPORTUNITY TO RECEIVE PROPER PIANO EDUCATION. PIANO ISN'T TAUGHT IN SCHOOL, AND PRIVATE LESSONS ARE EXPENSIVE. THIS IS OUR WAY OF CONNECTING DONORS TO HIGH WORKING STUDENTS INTERESTED IN PIANO BUT DON'T HAVE THE MEANS TO MAKE IT HAPPEN. WE ARE HAPPY TO CONTINUE LESSONS, RECITALS, AND EVENTS VIRTUALLY, DESPITE COVID RESTRICTIONS. THE SPONSORSHIP PROGRAM WITH FREE, PRIVATE TUITION EACH WEEK, DONATIONS OF KEYBOARDS AND MUSIC BOOKS. DURING 2022, WE HOSTED OPEN MICS AND DOZENS OF SPRING/WINTER RECITALS AS WELL AS WINTER CONCERTS HOSTED IN RETIREMENT HOMES ACROSS THE AREA, FULFILLING PIANO & MORE'S MISSION OF BRINGING THE COMMUNITY TOGETHER WITH MUSIC. CONCERNING THE COVID IMPACT, WE CONTINUE TO MOVE LESSONS VIRTUALLY IF THERE IS COVID CONTACT AND WEAR MASKS WHEN NEEDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, 170 STUDENTS PARTICIPATED IN MUSIC INSTRUCTION, INCLUDING PIANO, VOICE, GUITAR, AND MUSIC PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Surovcek President | Officer | 45 | $84,336 |
Moonhee Doan Treasurer | OfficerTrustee | 0.1 | $0 |
Melissa Cortina Rush Secretary | OfficerTrustee | 0.1 | $0 |
Leslie Tucker Director | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $328,163 |
| Investment income | $0 |
| 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 | $328,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $990 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $1,934 |
| Payroll taxes | $6,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,332 |
| Advertising and promotion | $352 |
| Office expenses | $12,432 |
| Information technology | $1,508 |
| Royalties | $0 |
| Occupancy | $9,750 |
| Travel | $461 |
| 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 | $0 |
| Insurance | $373 |
| All other expenses | $0 |
| Total functional expenses | $313,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,394 |
| Savings and temporary cash investments | $0 |
| 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 | $2,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,394 |
| Accounts payable and accrued expenses | $99 |
| 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 | $4,824 |
| Total liabilities | $4,923 |
| Net assets without donor restrictions | $43,471 |
| 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 | $48,394 |