Music Mends Minds Inc
- Assets
- $287.9k
- Revenue
- $171.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Los Angeles, CA
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 47-1493332
Organization Overview
Music Mends Minds Inc is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Music Mends Minds Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Mends Minds 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 06/2022, Music Mends Minds Inc generated $171.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $206.5k during the year ending 06/2022. While expenses have increased by 18.0% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RELATIONSHIP AMONG MMM, THE INTERNATIONAL FELLOWSHIP OF ROTARIAN MUSICIANS, AND THE ALZHEIMER'S AND DEMENTIA ROTARY ACTION GROUP IS STRENGTHENED BY OUR SHARED PASSION AND MOTIVATION TO PROVIDE MUSICAL AND SOCIAL SUPPORT FOR THOSE STRUGGLING WITH NEURODEGENERATIVE DISEASES WORLDWIDE. FROM CALIFORNIA, USA, TO ENGLAND, UK, TO MUMBAI, INDIA: OUR COMMITTEE MEMBERS HAVE ALREADY BEGUN TO PROPOSE MUSICAL SUPPORT GROUP PILOT PROGRAMS WITHIN THEIR OWN ROTARY CLUBS, WHO WILL LATER BE THE FIRST TO IMPLEMENT OUR NEW GLOBAL MUSIC SUPPORT BAND CURRICULUM, CURRENTLY BEING DESIGNED AND REVIEWED BY OUR LEAD EDUCATORS.MUSIC MENDS MINDS AND THE SUBSTANTIVE WORK OF THE ORGANIZATION MADE THE COVER STORY AND LEAD ARTICLE OF THE ROTARIAN MAGAZINE IN (CON SCH O) MAY 2022. THIS FEATURE STORY WILL HELP CHANGE THE TRAJECTORY OF MUSIC MENDS MINDS AND SPREAD THE WORD TO 1.4 MILLION ROTARIANS AS WE ARE POISED TO LAUNCH OUR GLOBAL INITIATIVE IN PARTNERSHIP WITH ROTARY INTERNATIONAL CLUBS, TAKING MUSIC GROUPS TO OUR SENIORS WHO NEED MUSIC TO BRING JOY BACK INTO THEIR LIVES AND INCREASE BRAIN FUNCTION AS WELL. FURTHERMORE, MMM HAS ALSO BEEN BLESSED WITH EXPANSIVE GLOBAL MEDIA COVERAGE TO INCLUDE SPECTRUM 1 NEWS, CNN HEROES, BBC WORLD SERVICE AND RADIO 5, CBS, NBC AND PBS. CNN AGAIN APPROACHED MMM FOR INFORMATION REGARDING THEIR SERVICES WHICH THEY THEN PROMOTED ON CNN ONLINE. FOUNDER AND EXECUTIVE DIRECTOR CAROL ROSENSTEIN HAS APPEARED ON A VARIETY OF RADIO SHOWS AND PODCASTS, INCLUDING ALZHEIMER'S SPEAKS, ARTSPEAKS, DEMENTIA SPRINGS AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Perliter Director | Trustee | 2 | $0 |
Ross Goldberg Board Chair | OfficerTrustee | 2 | $0 |
Diane Good See Sch O | OfficerTrustee | 3 | $0 |
Don Gettinger Director | Trustee | 1 | $0 |
Michael Dean Director | Trustee | 2 | $0 |
Marilyn Weinstein Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,850 |
| Investment income | $18 |
| 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 | $171,868 |
| Statement of Expenses | |
|---|---|
| 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. | $55,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,845 |
| Advertising and promotion | $527 |
| Office expenses | $1,128 |
| Information technology | $4,106 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $2,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,067 |
| Insurance | $9,911 |
| All other expenses | $0 |
| Total functional expenses | $206,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,604 |
| Savings and temporary cash investments | $182,387 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,924 |
| 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 | $4,156 |
| Total liabilities | $4,156 |
| Net assets without donor restrictions | $283,768 |
| 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 |
| Total liabilities and net assets/fund balances | $283,768 |