Nad Music Institute
- Assets
- $98.1k
- Revenue
- $77.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Mukilteo, WA
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-4106491
Organization Overview
Nad Music Institute is located in Mukilteo, WA. The organization was established in 2018. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Nad Music Institute 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 12/2021, Nad Music Institute generated $77.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $34.7k during the year ending 12/2021. 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
NAD MUSIC INSTITUTE IS ENGAGED IN RESEARCH, PRESERVATION, AND EDUCATION OF MUSIC THROUGH RESEARCH AND COLLABORATION WITH EXPERT INDIVIDUALS AND ORGANIZATIONS ACROSS THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAD MUSIC INSTITUTE IS ENGAGED IN RESEARCH, PRESERVATION, AND EDUCATION OF MUSIC THROUGH RESEARCH AND COLLABORATION WITH EXPERT INDIVIDUALS AND ORGANIZATIONS ACROSS THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manjit Bajwa President | Officer | 12 | $0 |
Prabhmeet Singh Dilbar Treasurer | Officer | 6 | $0 |
Amaninder Singh Secretary | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,582 |
| Total Program Service Revenue | $6,567 |
| 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 | $77,149 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,008 |
| Advertising and promotion | $0 |
| Office expenses | $817 |
| Information technology | $644 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,390 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,094 |
| Accounts payable and accrued expenses | $0 |
| 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 | $104 |
| Total liabilities | $104 |
| Net assets without donor restrictions | $97,990 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,094 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nad Music Institute has recieved totaling $16,438.
| Awarding Organization | Amount |
|---|---|
Dasvandh Network San Antonio, TX PURPOSE: FOR GENERAL OPERATION EXPENSES FOR THE NONPROFIT OR SPECIFIC CAUSES THEY MAY BE WORKING ON. | $10,470 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,955 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Seattle Chamber Music Festival Seattle, WA | $3,300,530 | $1,735,052 |
Washington Music Educators Association Renton, WA | $323,514 | $851,362 |
Seattle Jazzed Seattle, WA | $4,256,285 | $2,089,197 |
Rogue Valley Symphony Association Ashland, OR | $3,828,970 | $1,652,431 |
Music Center Of The Northwest Inc Seattle, WA | $2,802,841 | $1,300,374 |
Spokane American Youth Hockey Club Inc Spokane, WA | $411,285 | $808,966 |
Earshot Jazz Society Of Seattle Seattle, WA | $1,491,052 | $947,117 |
Music Conservatory Of Sandpoint Inc Sandpoint, ID | $1,006,215 | $718,046 |
Acoustic Sound Inc Milton, WA | $517,851 | $803,908 |
Soundview Uniserv Council Lakewood, WA | $662,629 | $619,022 |
Sitka Music Festival Inc Sitka, AK | $4,570,554 | $833,930 |