Young Musicians Unite Inc
- Assets
- $743.3k
- Revenue
- $986.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Miami, FL
- Founding
- 07/2014
- Data as of
- 07/2021
- EIN
- 46-2610764
Organization Overview
Young Musicians Unite Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Young Musicians Unite Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Musicians Unite 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 07/2021, Young Musicians Unite Inc generated $986.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.2% each year . All expenses for the organization totaled $814.8k during the year ending 07/2021. While expenses have increased by 74.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG MUSICIANS UNITE BELIEVES THAT EVERY STUDENT IN MIAMI-DADE COUNTY DESERVES ACCESS TO MUSIC EDUCATION REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. WE COLLABORATE WITH SCHOOLS TO PROVIDE FREE MUSIC EDUCATION WHICH HAS BEEN PROVEN TO INSPIRE PERSONAL DEVELOPMENT, FOSTER A SENSE OF COMMUNITY AND PREPARE OUR FUTURE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG MUSICIANS UNITE ("YMU") PROVIDES TURNKEY MUSIC SOLUTIONS FOR SCHOOLS ACROSS MIAMI-DADE COUNTY. YMU EQUIPS SCHOOLS WITH CERTIFIED MUSIC TEACHERS, INSTRUMENTS, LESSON PLANS AND ALL THE NECESSARY RESOURCES FOR A VIBRANT MUSIC EDUCATION. BY PROVIDING SUPPORT AND OVERSIGHT FOR TEACHERS, YMU ENSURES SMOOTH COMMUNICATION AND CONSISTENCY WITHIN THE MUSIC PROGRAM THUS REDUCING TEACHER TURNOVER AND BURNOUT AND CREATING A SCHOOL CULTURE THAT VALUES CREATIVE EXPRESSION. YOUNG MUSICIANS UNITE HAS ACTIVELY PROVIDED MUSIC PROGRAMMING FOR OVER 2,500 STUDENTS IN 2020 ACROSS 25 SCHOOLS. WE ENGAGE STUDENT MUSICIANS THROUGH DIVERSE MUSIC PROGRAMS INCLUDING JAZZ BANDS, ROCK ENSEMBLES, MUSIC TECHNOLOGY, GUITAR ENSEMBLES, BEGINNING BAND, ORCHESTRA, AND DRUMLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sammy Gonzalez CEO | Officer | 50 | $85,416 |
Zach Larmer COO | Officer | 40 | $62,083 |
Virginia Akar Co-Founder | Trustee | 0.5 | $0 |
Jb Aleman Vice Chairma | Trustee | 1 | $0 |
Paul Lehr Director | Trustee | 0.25 | $0 |
Jamie Rosenberg Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $716,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,000 |
| Noncash contributions included in lines 1a–1f | $43,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,013 |
| Total Program Service Revenue | $548 |
| 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 | $226,661 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,222 |
| 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. | $165,000 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $37,704 |
| Office expenses | $51,962 |
| Information technology | $6,023 |
| Royalties | $0 |
| Occupancy | $64,816 |
| 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 | $590 |
| Insurance | $7,543 |
| All other expenses | $59,836 |
| Total functional expenses | $814,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,660 |
| Savings and temporary cash investments | $120,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,160 |
| 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 | $41,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,271 |
| Accounts payable and accrued expenses | $19,507 |
| 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 | $45,828 |
| Other liabilities | $0 |
| Total liabilities | $65,335 |
| Net assets without donor restrictions | $372,491 |
| Net assets with donor restrictions | $305,445 |
| 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 | $743,271 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Young Musicians Unite Inc has recieved totaling $2,105,435.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $1,946,236 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $70,525 |
Stephen M Sander Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $21,700 |
The Batchelor Foundation Inc Miami Beach, FL PURPOSE: GENERAL OPERATIONS | $20,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $11,860 |
Dunspaugh-Dalton Foundation Inc Coral Gables, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |