Music Education Initiative
- Assets
- $272.6k
- Revenue
- $350.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers, AR
- Founding
- Data as of
- 12/2023
- EIN
- 85-3377089
Organization Overview
Music Education Initiative is located in Rogers, AR. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Music Education Initiative 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 12/2023, Music Education Initiative generated $350.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $239.0k during the year ending 12/2023. 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
THE MUSIC EDUCATION INITIATIVE MISSION ISTO BRING MUSIC EDUCATION AND APPRECIATION TO THE GENERAL PUBLIC ANDSCHOOL AGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSIC EDUCATION INITIATIVE WAS THE FIRST ORGANIZATION TO BE ACCEPTED INTO THE PROGRAM AND THE FIRST TO RAISE THE MAXIMUM ELIGIBLE MATCHING FUNDS FROM THE IOBY NORTHWEST ARKANSAS NEIGHBORHOOD MATCH PROGRAM. THIS PROGRAM PROVIDES MATCHING FUNDS ON DONATIONS RECEIVED TO HELP PROVIDE MORE MUSIC EDUCATION PROGRAMS ACROSS THE STATE.
THE CAST OF BLUES EXHIBIT ARE CAST OF FACES OF THE GREAT ARTIST OF PAST AND CURRENT BLUES MUSICIANS. EACH FACIAL CAST HAS A DESCRIPTION OF THE ARTIST AND THEIR ORIGINS. THIS EXHIBIT HAS BEEN VIEWED BY SEVERAL SCHOOL DISTRICTS AND WAS OPEN FOR THE GENERAL PUBLIC. THIS WAS THE SECOND YEAR THAT THE MUSIC EDUCATION INITIATIVE HAS BOUGHT THIS EXHIBIT TO THE STATE OF ARKANSAS.
THE MUSIC EDUCATION INITIATIVE WAS SELECTED TO SEND A DELEGATE TO BOTH THE MUSIC CITIES AND MUSIC CITIES TOURISM CONFERENCES WHICH ALLOWS THE ORGANIZATION TO EXPAND MUSIC EDUCATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,646 |
| Related organizations | $6,871 |
| Government grants | $147,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,517 |
| Total Program Service Revenue | $0 |
| 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 | $350,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303 |
| 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 | $186,615 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184 |
| Advertising and promotion | $3,001 |
| Office expenses | $1,198 |
| Information technology | $2,008 |
| Royalties | $0 |
| Occupancy | $11,261 |
| Travel | $21,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184 |
| Interest | $2,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,115 |
| All other expenses | $0 |
| Total functional expenses | $239,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $155,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,128 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $272,610 |
| 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 | $6,240 |
| Total liabilities | $6,240 |
| Net assets without donor restrictions | $0 |
| 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 | $266,370 |
| Total liabilities and net assets/fund balances | $272,610 |