Heart Music Inc
- Assets
- $24.7k
- Revenue
- $47.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, GA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3889288
Organization Overview
Heart Music Inc is located in Athens, GA. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Heart Music 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 12/2021, Heart Music Inc generated $47.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $40.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED PROVIDED APPROXIMATELY 450 STUDENTS WITH FREE MUSIC LESSONS AT COILE BAND, HILSMAN BAND, CLARK CENTRAL ORCHESTRA, CLARKE CENTRAL GUITAR, AND CEDAR SHOALS ORCHESTRA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Smith Ex Director | 20 | $3,150 | |
Stan Flanders Director | 5 | $2,650 | |
Vivian Leblanc Treasurer | 5 | $0 | |
Nada Long Director | 5 | $0 | |
Megan Williams Secretary | 5 | $0 | |
Angela Manous Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,317 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $600 |
| Other Income | $0 |
| Total Revenue | $47,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $220 |
| Depreciation | $0 |
| Occupancy | $100 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,991 |
| Total operating and administrative expenses | $40,431 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $40,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,318 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $68 |
| 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 | $3,345 |
| 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 | $24,731 |
| Accounts payable and accrued expenses | $101 |
| 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 | $101 |
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