Aimusic Us
- Assets
- $320.7k
- Revenue
- $495.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Cupertino, CA
- Founding
- 12/2015
- Data as of
- 06/2024
- EIN
- 46-4226663
Organization Overview
Aimusic Us is located in Cupertino, CA. The organization was established in 2015. 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 06/2024, Aimusic Us employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aimusic Us 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 06/2024, Aimusic Us generated $495.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $492.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEDICATE, CELEBRATE, AND PRESERVE CULTURAL HERITAGES, CREATE A COMMUNITY RICH WITH ETHIC INTELLECTUAL DIVERSITY, TO NURTURE STUDENTS WITH A LOVING HEART TO SERVE OTHERS WITH TRADITIONAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PERFORMANCE: AIMUSIC.US TEACHING ARTISTS AND STUDENT MUSICIANS PRESENTED 22 COMMUNITY SERVICE PERFORMANCES IN SAN FRANCISCO BAY AREA. ALL THE PERFORMANCES WITH UNIQUE HERITAGE CHINESE INSTRUMENTAL MUSIC WERE FREE TO THE PUBLIC.
MUSIC CLASS: WE PROVIDE A MUSIC EDUCATION PROGRAM FOR ABOUT 90 STUDENTS, MOST OF WHOM ARE AGED 6 TO 18. WE OFFER 30 GROUP CLASSES EACH WEEK FOR FOUR LEVELS OF STUDENTS, FOCUSING ON PLAYING CHINESE INSTRUMENTS. MOST CLASSES ARE IN-PERSON, WHILE SOME ARE CONDUCTED ONLINE.
CULTURAL EXCHANGE ACTIVITIES: WE HELD OUR 8TH AIMUSIC FESTIVAL AT THE MCAFEE PERFORMING ARTS CENTER IN SARATOGA IN MAY. INTERNATIONAL ARTISTS FROM SWEDEN, CHINA, AND OTHER REGIONS WERE INVITED TO PERFORM AT THE FESTIVAL. WE PREMIERED A HALF- HOUR LONG PEKING OPERA SUITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Sun President | Trustee | 2 | $0 |
Xie Tan Lee Executive Director | OfficerTrustee | 40 | $130,000 |
Yunzhang Pei Secretary | Trustee | 8 | $15,000 |
Shujin Ou Director | Trustee | 2 | $0 |
Yannie Wang Director | Trustee | 2 | $0 |
Tzu-In Pan Treasurer | OfficerTrustee | 20 | $25,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,886 |
| Total Program Service Revenue | $163,434 |
| Investment income | $9,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $145 |
| 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 | $495,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,227 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,200 |
| Compensation of current officers, directors, key employees. | $52,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,977 |
| Advertising and promotion | $22,996 |
| Office expenses | $16,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,226 |
| Travel | $14,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,248 |
| Insurance | $2,515 |
| All other expenses | $0 |
| Total functional expenses | $492,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,991 |
| Savings and temporary cash investments | $211,707 |
| 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 | $19,232 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,745 |
| Accounts payable and accrued expenses | $99,941 |
| 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 | $94,715 |
| Total liabilities | $194,656 |
| Net assets without donor restrictions | $126,089 |
| 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 | $320,745 |