Atlanta Music Project Inc
- Assets
- $5.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Atlanta, GA
- Founding
- 10/2010
- Data as of
- 07/2023
- EIN
- 80-0557088
Organization Overview
Atlanta Music Project Inc is located in Atlanta, GA. The organization was established in 2010. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Atlanta Music Project Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Music Project 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 07/2023, Atlanta Music Project Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $2.4m during the year ending 07/2023. While expenses have increased by 13.8% 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
TO INSPIRE SOCIAL CHANGE BY PROVIDING ATLANTA'S UNDERSERVED YOUTH THE OPPORTUNITY TO LEARN AND PERFORM MUSIC IN ORCHESTRA AND CHOIRS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASED IN UNDER-RESOURCED COMMUNITIES, ATLANTA MUSIC PROJECT, INC., PROVIDES WORLD-CLASS MUSIC TRAINING AND PERFORMANCE OPPORTUNITIES SUPPORTING YOUTH GROWTH AND DEVELOPMENT. PROGRAMS SERVE STUDENTS KINDERGARTEN THROUGH COLLEGE AND INCLUDE BAND, ORCHESTRA, CHOIR AND COLLEGE & CAREER COUNSELING. THE ORGANIZATION REWARDED 31 SCHOLARSHIPS TO STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sparrow Director | Trustee | 2 | $0 |
Philip Juravel Chairman | OfficerTrustee | 5 | $0 |
Byron Gibbs Treasurer | OfficerTrustee | 5 | $0 |
Angie Williams Governance Chair | Trustee | 2 | $0 |
Racheal Woods Secretary | OfficerTrustee | 5 | $0 |
Jennifer Dorian Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $435,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,657,797 |
| Noncash contributions included in lines 1a–1f | $66,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,093,697 |
| Total Program Service Revenue | $79,146 |
| Investment income | $47,933 |
| 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 | $2,220,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,923 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,626 |
| Compensation of current officers, directors, key employees. | $89,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,216,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $189,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26 |
| Fees for services: Accounting | $13,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,518 |
| Advertising and promotion | $20,136 |
| Office expenses | $133,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,913 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,567 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,693 |
| Insurance | $50,108 |
| All other expenses | $36,728 |
| Total functional expenses | $2,417,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,129,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,009,882 |
| 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 | $1,349,214 |
| Investments—publicly traded securities | $1,097,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $640,188 |
| Total assets | $5,226,942 |
| Accounts payable and accrued expenses | $67,647 |
| 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 | $649,126 |
| Total liabilities | $716,773 |
| Net assets without donor restrictions | $3,531,310 |
| Net assets with donor restrictions | $978,859 |
| 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 | $5,226,942 |