Musical Empowerment Inc
- Assets
- $34.8k
- Revenue
- $191.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Carrboro, NC
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 45-4589282
Organization Overview
Musical Empowerment Inc is located in Carrboro, NC. The organization was established in 2017. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Musical Empowerment Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Musical Empowerment 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 12/2023, Musical Empowerment Inc generated $191.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $181.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATING EQUITABLE ACCESS TO MUSIC EDUCATION BY PAIRING CHILDREN WITH COLLEGE MENTORS TO INSPIRE RESILIENCE AND CONFIDENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC MENTORSHIP PROGRAM - CHILDREN AGES 5-18 RECEIVE FREE, ONE-ON-ONE MUSIC LESSONS WEEKLY FROM COLLEGE STUDENT VOLUNTEERS (TEACHERS). OUR PROGRAMS CONTINUE TO GROW AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, NC STATE UNIVERSITY, WAKE FOREST UNIVERSITY, EAST CAROLINA UNIVERSITY, DARTMOUTH UNIVERSITY, HUNTER COLLEGE, NC CENTRAL UNIVERSITY, AND DUKE UNIVERSITY. WE PROVIDED OVER 6,800 HOURS OF FREE MUSIC LESSONS ACROSS OUR EIGHT CHAPTERS.
INSTRUMENT LENDING PROGRAM - STUDENTS PARTICIPATING IN THE MUSIC MENTORSHIP PROGRAM ARE ELIGIBLE TO BORROW AN INSTRUMENT FREE OF CHARGE TO USE FOR LESSONS AND PRACTICE. AFTER 3 YEARS OF PARTICIPATION IN THE PROGRAM, THE STUDENT IS GIFTED THE INSTRUMENT FOR LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Chen Board Member | Trustee | 1 | $0 |
Woody Battle Board Member | Trustee | 1 | $0 |
Katharine Batchelor Board Member | Trustee | 1 | $0 |
Liz Hopkins Board Member | Trustee | 1 | $0 |
Demetrius Cox Board Member | Trustee | 1 | $0 |
Bryan Gilliam Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,427 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,146 |
| Total Program Service Revenue | $0 |
| Investment income | $186 |
| 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 | $191,332 |
| 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 | $108,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,178 |
| Payroll taxes | $7,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,554 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,176 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,914 |
| Advertising and promotion | $1,493 |
| Office expenses | $339 |
| Information technology | $4,981 |
| Royalties | $0 |
| Occupancy | $2,494 |
| Travel | $5,582 |
| 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 | $1,372 |
| Depreciation, depletion, and amortization | $274 |
| Insurance | $1,524 |
| All other expenses | $5,756 |
| Total functional expenses | $181,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,372 |
| Savings and temporary cash investments | $2,042 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,100 |
| Investments—publicly traded securities | $32 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,212 |
| Other assets | $0 |
| Total assets | $34,758 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $34,758 |
| 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 | $34,758 |
Grants Awarded
Over the last fiscal year, Musical Empowerment Inc has awarded $15,373 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUSICAL EMPOWERMENT AT UNC PURPOSE: PROGRAM SUPPORT | $9,736 |
MUSICAL EMPOWERMENT AT NC STATE PURPOSE: PROGRAM SUPPORT | $5,637 |