Musicians United To Serve The Youth Of Charlottesville
- Assets
- $815.1k
- Revenue
- $310.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Charlottesville, VA
- Founding
- 09/1993
- Data as of
- 06/2023
- EIN
- 54-1678386
Organization Overview
Musicians United To Serve The Youth Of Charlottesville, operating under the name Music Resource Center, is located in Charlottesville, VA. The organization was established in 1993. As of 06/2023, Music Resource Center employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Resource Center 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 06/2023, Music Resource Center generated $310.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $367.2k during the year ending 06/2023. While expenses have increased by 2.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUSICAL PROGRAMS FOR LOCAL TEENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSYC'S PURPOSE IS TO PROVIDE AN AFTER-SCHOOL PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS TO ENGAGE IN MUSICAL ACTIVITIES AND DEVELOP POSITIVE RELATIONSHIPS IN THEIR OUT-OF-SCHOOL HOURS, BOTH AS A FORM OF EXTRACURRICULAR ENRICHMENT AND AS A FORM OF RISK REDUCTION.
THE MRC CERTIFIED PROGRAM PROVIDES SPECIALIZED TRAINING IN TECHNICAL CAREERS IN THE MUSIC INDUSTRY, INCLUDING IN PAID INTERNSHIPS WITHIN OUR COMMUNITY TO GAIN RELEVANT WORK EXPERIENCE IN THEIR CHOSEN FIELD(S).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lester Jackson Chair | OfficerTrustee | 1 | $0 |
Hobby Cole Vice Chair | OfficerTrustee | 1 | $0 |
Paul Zmick Secretary | OfficerTrustee | 1 | $0 |
Colin Frankenfield Treasurer | OfficerTrustee | 1 | $0 |
Mike Moore Director | Trustee | 1 | $0 |
Ad Carson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,326 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,538 |
| Noncash contributions included in lines 1a–1f | $1,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,864 |
| Total Program Service Revenue | $16,126 |
| Investment income | $1,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,458 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,096 |
| 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. | $38,037 |
| Compensation of current officers, directors, key employees. | $13,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,622 |
| Payroll taxes | $15,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $10,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,345 |
| Advertising and promotion | $3,289 |
| Office expenses | $10,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,364 |
| 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 | $33,454 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $367,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,011 |
| Savings and temporary cash investments | $45,259 |
| Pledges and grants receivable | $4,480 |
| 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 | $741,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,283 |
| Total assets | $815,088 |
| Accounts payable and accrued expenses | $3,445 |
| 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 | $3,040 |
| Total liabilities | $6,485 |
| Net assets without donor restrictions | $808,603 |
| 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 | $815,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Association Of Free And Charitable Clinics Inc Richmond, VA | $3,351,658 | $7,807,415 |
University Professional & Continuing Education Association Washington, DC | $3,743,573 | $3,546,848 |
Accrediting Council For Continuing Education & Training Inc Washington, DC | $4,631,587 | $2,777,805 |
In Medias Res Charlottesville, VA | $5,969,867 | $6,501,065 |
Story District Inc Washington, DC | $314,976 | $447,584 |
Musicians United To Serve The Youth Of Charlottesville Charlottesville, VA | $815,088 | $310,096 |
Highlands-Cashiers Center For Life Enrichment Inc Highlands, NC | $305,639 | $415,128 |
Association For Music And Imagery Inc Arlington, VA | $107,782 | $0 |
Powhatan High School Band Boosters Powhatan, VA | $59,542 | $0 |
National Black Mba Association Raleigh Durham Chapter Morrisville, NC | $30,467 | $0 |