The Foundation For Music-Based Learning Inc
- Assets
- $794.2k
- Revenue
- $49.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/1994
- Data as of
- 08/2023
- EIN
- 56-1853136
Organization Overview
The Foundation For Music-Based Learning Inc is located in Greensboro, NC. The organization was established in 1994. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Music-Based Learning 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 08/2023, Foundation For Music-Based Learning Inc generated $49.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $42.2k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna L Heyge Director | 10 | $0 | |
Jeff Spickard Director | 10 | $0 | |
Linda Robinson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $37 |
| Dividends & Interest | $14,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $28 |
| Taxes | $443 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,545 |
| Total operating and administrative expenses | $26,441 |
| Contributions, gifts, grants paid | $15,732 |
| Total expenses and disbursements | $42,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,150 |
| Savings and temporary cash investments | $792,084 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $794,234 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Foundation For Music-Based Learning Inc has awarded $515,353 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LAMPOST LEARING CENTER -KATHRYN M P PURPOSE: TO FURTHER THE REACH OF MUSIC-BASED LEARNING, THE MUSIKGARTEN FOUNDATION WAS FORMED AS A NON-PROFIT ORGANIZATION WHICH BRINGS SUPERB PEDAGOGY AND TEACHER TRAINING TO DISADVANTAGED COMMUNITIES. THROUGH THE MUSIKGARTEN FOUNDATION, A FRAMEWORK HAS BEEN SET UP TO FACILITATE THIS, AND SUCCESSFUL MUSIKGARTEN TEACHERS ARE INVITED TO APPLY FOR CONSIDERATION BY CONTACTING LINDA ROBINSON AT LKINGROBINSON@AOL.COM. | $911 |
DEBORAH L BAGBY CHILD DEVELOPMENT PURPOSE: TO FURTHER THE REACH OF MUSIC-BASED LEARNING, THE MUSIKGARTEN FOUNDATION WAS FORMED AS A NON-PROFIT ORGANIZATION WHICH BRINGS SUPERB PEDAGOGY AND TEACHER TRAINING TO DISADVANTAGED COMMUNITIES. THROUGH THE MUSIKGARTEN FOUNDATION, A FRAMEWORK HAS BEEN SET UP TO FACILITATE THIS, AND SUCCESSFUL MUSIKGARTEN TEACHERS ARE INVITED TO APPLY FOR CONSIDERATION BY CONTACTING LINDA ROBINSON AT LKINGROBINSON@AOL.COM. | $1,280 |
BRENDA J ELLIOTT PURPOSE: TO FURTHER THE REACH OF MUSIC-BASED LEARNING, THE MUSIKGARTEN FOUNDATION WAS FORMED AS A NON-PROFIT ORGANIZATION WHICH BRINGS SUPERB PEDAGOGY AND TEACHER TRAINING TO DISADVANTAGED COMMUNITIES. THROUGH THE MUSIKGARTEN FOUNDATION, A FRAMEWORK HAS BEEN SET UP TO FACILITATE THIS, AND SUCCESSFUL MUSIKGARTEN TEACHERS ARE INVITED TO APPLY FOR CONSIDERATION BY CONTACTING LINDA ROBINSON AT LKINGROBINSON@AOL.COM. | $570 |
PIANIST EARLY CHILDHOOD MUSIC SPECI PURPOSE: TO FURTHER THE REACH OF MUSIC-BASED LEARNING, THE MUSIKGARTEN FOUNDATION WAS FORMED AS A NON-PROFIT ORGANIZATION WHICH BRINGS SUPERB PEDAGOGY AND TEACHER TRAINING TO DISADVANTAGED COMMUNITIES. THROUGH THE MUSIKGARTEN FOUNDATION, A FRAMEWORK HAS BEEN SET UP TO FACILITATE THIS, AND SUCCESSFUL MUSIKGARTEN TEACHERS ARE INVITED TO APPLY FOR CONSIDERATION BY CONTACTING LINDA ROBINSON AT LKINGROBINSON@AOL.COM. | $3,645 |
KEEN KIDS MUSIK PURPOSE: TO FURTHER THE REACH OF MUSIC-BASED LEARNING, THE MUSIKGARTEN FOUNDATION WAS FORMED AS A NON-PROFIT ORGANIZATION WHICH BRINGS SUPERB PEDAGOGY AND TEACHER TRAINING TO DISADVANTAGED COMMUNITIES. THROUGH THE MUSIKGARTEN FOUNDATION, A FRAMEWORK HAS BEEN SET UP TO FACILITATE THIS, AND SUCCESSFUL MUSIKGARTEN TEACHERS ARE INVITED TO APPLY FOR CONSIDERATION BY CONTACTING LINDA ROBINSON AT LKINGROBINSON@AOL.COM. | $2,067 |
GRACE NOTES MUSIC STUDIOS PURPOSE: TO FURTHER THE REACH OF MUSIC-BASED LEARNING, THE MUSIKGARTEN FOUNDATION WAS FORMED AS A NON-PROFIT ORGANIZATION WHICH BRINGS SUPERB PEDAGOGY AND TEACHER TRAINING TO DISADVANTAGED COMMUNITIES. THROUGH THE MUSIKGARTEN FOUNDATION, A FRAMEWORK HAS BEEN SET UP TO FACILITATE THIS, AND SUCCESSFUL MUSIKGARTEN TEACHERS ARE INVITED TO APPLY FOR CONSIDERATION BY CONTACTING LINDA ROBINSON AT LKINGROBINSON@AOL.COM. | $5,080 |