Fundacion Musica Y Pais Inc
- Assets
- $160.0k
- Revenue
- $220.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0573514
Organization Overview
Fundacion Musica Y Pais Inc is located in San Juan, PR. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundacion Musica Y Pais 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, Fundacion Musica Y Pais Inc generated $220.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $144.9k during the year ending 12/2022. 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
PROVIDE CHILDREN AND YOUTH IN PUERTO RICO WITH THE OPPORTUNITY TO DISCOVER, TRAIN, DEVELOP AND EXPRESS THEIR MUSICAL TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORQUESTAL PROGRAM - UNIQUE ORCHESTRAL TRAINING PROGRAM WHERE YOUNG MUSICIANS WHO STUDY IN THE DIFFERENT MUSIC EDUCATION PROGRAMS THROUGHOUT THE ISLAND RECEIVE ADVANCED LEVEL ORCHESTRAL TRAINING THROUGH PRACTICAL EXPERIENCES THAT TRAIN THEM FOR A PROFESSIONAL LIFE IN MUSIC. PEOPLE REACHED: 80
MÚSICA PARA TODOS - IT PROVIDES THE OPPORTUNITY FOR CHILDREN AND YOUNG PEOPLE TO RECEIVE MUSICAL TRAINING IN THE SCHOOLS AND COMMUNITY CENTERS OF THEIR TOWNS. WORKS IN COLLABORATION WITH PUBLIC AND PRIVATE SCHOOLS, SOCIAL AND COMMUNITY ORGANIZATIONS, FOUNDATIONS, AND NON-PROFIT ORGANIZATIONS THAT SERVE AS HOSTS FOR THE PROGRAM. PEOPLE REACHED: 1,180
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Del Carmen Gil President/executive Director | OfficerTrustee | 30 | $0 |
Hector Vazquez Treasurer | Trustee | 3 | $0 |
Lucy M Berlingeri Secretary | Trustee | 1 | $0 |
Joaquin Rodriguez Director | Trustee | 1 | $0 |
Agustin Costa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,189 |
| Total Program Service Revenue | $29,430 |
| Investment income | $0 |
| 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 | $220,619 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,340 |
| Advertising and promotion | $0 |
| Office expenses | $4,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,250 |
| 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 | $3,485 |
| Insurance | $500 |
| All other expenses | $0 |
| Total functional expenses | $144,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,500 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,003 |
| Accounts payable and accrued expenses | $653 |
| 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 | $653 |
| Net assets without donor restrictions | $116,851 |
| Net assets with donor restrictions | $42,499 |
| 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 | $160,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pontifical Catholic University Of Puerto Rico Ponce, PR | $162,858,216 | $84,564,750 |
Universidad Del Sagrado Corazon Inc San Juan, PR | $76,990,801 | $50,393,182 |
Carlos Albizu University San Juan, PR | $56,696,168 | $44,378,144 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $114,324,124 | $53,544,773 |
Edp University Of Puerto Rico Inc San Juan, PR | $27,207,943 | $37,208,893 |
Fundacion Para El Desarollo Del Hogar Propio Inc Caguas, PR | $20,657,259 | $27,669,885 |
Universidad Central Del Caribe Inc Bayamon, PR | $36,470,475 | $22,791,858 |
Ponce Medical School Foundation Inc Ponce, PR | $14,934,140 | $23,886,536 |
Caribbean University Bayamon, PR | $49,066,068 | $23,989,672 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $25,803,282 | $15,725,275 |
Saint Johns School San Juan, PR | $28,499,255 | $16,049,507 |
Dewey University Inc San Juan, PR | $32,839,404 | $15,141,405 |
Robinson School Inc San Juan, PR | $14,256,409 | $13,331,674 |
Universidad Central De Bayamon Inc Bayamon, PR | $29,673,743 | $9,371,871 |