Musicworks Inc
- Assets
- $85.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 31
- Location
- Leicester, NC
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 81-5308559
Organization Overview
Musicworks Inc is located in Leicester, NC. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Musicworks Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musicworks 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 06/2022, Musicworks Inc generated $156.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $150.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSICWORKS IS AN INTENSIVE AFTER-SCHOOL PROGRAM, OFFERED IN THE CITY OF ASHEVILLE TO SCHOOL-AGED CHILDREN IN UNDER SERVED POPULATIONS THAT USES MUSIC EDUCATION AS A TOOL TO TEACH LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3
IN THE 2019-2020 FISCAL YEAR MUSICWORKS SERVED 81 STUDENTS ATTENDING THREE SCHOOLS IN THE ASHEVILLE CITY SCHOOLS DISTRICT. STUDENTS SPENT 3 HOURS AFTER EACH SCHOOL DAY FOR 5 DAYS A WEEK, FOR 125 DAYS BEFORE THE COVID-19 PANDEMIC CLOSED THE SCHOOLS FOR THE REMAINDER OF THE SCHOOL YEAR. THIS AMOUNTED TO APPROXIMATELY 375 HOURS OF INSTRUCTION AND SUPERVISION. APPROXIMATELY HALF, 188 HOURS, WAS DEVOTED TO MUSIC INSTRUCTION. EXPERT ACADEMIC ENRICHMENT AND HOMEWORK HELP WAS PROVIDED FOR ABOUT 94 HOURS DURING THE YEAR. IN ORDER TO MAKE MUSICWORKS ACCESSIBLE TO THE TARGET POPULATION OF STUDENTS ON FREE AND REDUCED LUNCH PROGRAM, MUSICWORKS SUBSIDIZED TUITION, PROVIDING FREE TUITION FOR 37% OF THE STUDENTS AND REDUCED TUITION FOR 26% OF THE STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wilken Program Director | 40 | $37,337 | |
Tom Leever President/treasurer | 1.5 | $0 | |
Tara Scholtz Board Member | 0.5 | $0 | |
Julie Leever Secretary | 2.5 | $0 | |
Sandra Travis Board Member | 0.5 | $0 | |
Jenni Smith Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,611 |
| Total Program Service Revenue | $14,951 |
| Membership dues | $0 |
| Investment income | $21 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $156,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $115,790 |
| Professional fees and other payments to independent contractors | $17,025 |
| Occupancy, rent, utilities, and maintenance | $4,650 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,052 |
| Total expenses | $150,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,510 |
| Other assets | $0 |
| Total assets | $85,600 |
| Total liabilities | $9,611 |
| Net assets or fund balances | $75,989 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Musicworks Inc has recieved totaling $122,690.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $122,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |