Musicians United To Serve The Youth Of Charlottesville
- Assets
- $901.1k
- Revenue
- $243.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Charlottesville, VA
- Founding
- 09/1993
- Data as of
- 06/2021
- 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 06/2021, Music Resource Center employed 12 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 06/2021, Music Resource Center generated $243.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $254.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 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
2021
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 MAIN PURPOSE IS TO ESTABLISH A FACILITY WHERE MUSICAL INSTRUMENTS AND EQUIPMENT ARE AVAILABLE TO YOUNG PEOPLE PRIMARILY FROM LOW-INCOME FAMILIES TO PROVIDE A POSITIVE ALTERNATIVE TO DRUGS AND ALCOHOL.
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 |
|---|---|---|---|
Alice Fox Executive Di | Officer | 20 | $30,250 |
Brooke Correll Co-Chair | OfficerTrustee | 1 | $0 |
Jason Kapp Co-Chair | OfficerTrustee | 1 | $0 |
Colleen Chulis Secretary | OfficerTrustee | 1 | $0 |
Colin Frankenfield Treasurer | OfficerTrustee | 1 | $0 |
Jamal Millner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,352 |
| Investment income | $114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,045 |
| Net Gain/Loss on Asset Sales | -$77 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,192 |
| 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. | $30,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,326 |
| Payroll taxes | $11,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,649 |
| Advertising and promotion | $4,603 |
| Office expenses | $3,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,660 |
| 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 | $38,544 |
| Insurance | $12,520 |
| All other expenses | $0 |
| Total functional expenses | $254,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,569 |
| Savings and temporary cash investments | $69,774 |
| Pledges and grants receivable | $10,000 |
| 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 | $901,115 |
| Accounts payable and accrued expenses | $1,359 |
| 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 | $32,144 |
| Other liabilities | $100 |
| Total liabilities | $33,603 |
| Net assets without donor restrictions | $0 |
| 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 | $867,512 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Musicians United To Serve The Youth Of Charlottesville has recieved totaling $55,804.
| Awarding Organization | Amount |
|---|---|
Stranahan Foundation Toledo, OH PURPOSE: CONTINUING OPERATING SUPPORT | $15,330 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: BAMAWORKS 2021 GRANT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,350 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: 2021 ENRICHING COMMUNITIES GRANT | $7,000 |
H I Foundation Inc Fort Lauderdale, FL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
R K Mellon Family Foundation Pittsburgh, PA PURPOSE: OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Association Of Free And Charitable Clinics Inc Richmond, VA | $3,108,209 | $8,491,665 |
In Medias Res Charlottesville, VA | $1,418,409 | $3,446,120 |
University Professional & Continuing Education Association Washington, DC | $3,743,573 | $3,546,848 |
Accrediting Council For Continuing Education & Training Inc Washington, DC | $5,064,729 | $2,698,170 |
Story District Inc Washington, DC | $393,778 | $455,502 |
Musicians United To Serve The Youth Of Charlottesville Charlottesville, VA | $901,115 | $243,192 |
Highlands-Cashiers Center For Life Enrichment Inc Highlands, NC | $184,319 | $0 |
Powhatan High School Band Boosters Powhatan, VA | $59,542 | $0 |
Association For Music And Imagery Inc Arlington, VA | $126,338 | $0 |
National Black Mba Association Raleigh Durham Chapter Morrisville, NC | $27,845 | $0 |