Iam Music Inc
- Assets
- $51.4k
- Revenue
- $430.2k
- Investments
- $0.0
- Employees
- 19
- Location
- Durango, CO
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 46-4504205
Organization Overview
Iam Music Inc is located in Durango, CO. 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 12/2022, Iam Music Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iam Music 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, Iam Music Inc generated $430.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $423.4k during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 7 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
DEVELOPMENT AND EXECUTION OF EDUCATION MUSICAL PROGRAMS FOR YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND EXECUTION OF EDUCATION MUSICAL PROGRAMS FOR OVER 300 CHILDREN. MUSICAL EDUCATION IS PROVIDED TO CHILDREN AT 5 SCHOOLS THAT OFFER LIMITED MUSIC PROGRAMS. PRIVATE LESSONS AND INSTRUMENT RENTALS ARE GIVEN AT A GREATLY REDUCED PRICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Ogle Director | OfficerTrustee | 40 | $62,495 |
David Downing Director | Trustee | 0 | $0 |
Jodi Earley Director | OfficerTrustee | 0 | $0 |
Bob Beardsley Treasurer | OfficerTrustee | 0 | $0 |
Liz Mora President | OfficerTrustee | 0 | $0 |
Mike Bator Vice President | OfficerTrustee | 0 | $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 | $203,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,735 |
| Total Program Service Revenue | $169,557 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,193 |
| 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. | $62,495 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $966 |
| Fees for services: Accounting | $11,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,580 |
| Office expenses | $47,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,272 |
| Travel | $7,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,526 |
| All other expenses | $9,084 |
| Total functional expenses | $423,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,527 |
| 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 | $1,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,405 |
| Accounts payable and accrued expenses | $20,004 |
| 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 | $20,004 |
| Net assets without donor restrictions | $31,401 |
| 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 | $51,405 |