Harmonic Music Foundation Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Harmonic Music Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmonic Music Foundation 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, Harmonic Music Foundation Inc generated $653.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $802.6k during the year ending 12/2022. While expenses have increased by 9.0% 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
TO PROVIDE MUSIC LESSONS IN A FUN AND NURTURING ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MUSIC LESSONS TO STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brigette Willner COO | Trustee | 50 | $78,000 |
Marshall Willner Executive Dir. | Trustee | 50 | $65,000 |
Kristine Partin Trustee | Trustee | 2 | $0 |
Christoph Green Trustee | Trustee | 2 | $0 |
Steve Kulberg Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $39,496 |
All other contributions, gifts, grants, and similar amounts not included above | $53,476 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $92,972 |
Total Program Service Revenue | $558,813 |
Investment income | $2 |
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 | $653,259 |
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. | $143,000 |
Compensation of current officers, directors, key employees. | $14,300 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $327,129 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $48,526 |
Payroll taxes | $43,180 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,361 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $291 |
Office expenses | $8,396 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $84,202 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,491 |
Interest | $9,208 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $62,755 |
Insurance | $6,395 |
All other expenses | $398 |
Total functional expenses | $802,640 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,901 |
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 | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $188,266 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,997 |
Total assets | $212,164 |
Accounts payable and accrued expenses | $4,043 |
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 | $597,201 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $601,244 |
Net assets without donor restrictions | -$389,080 |
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 | $212,164 |