Rosies House A Music Academy For Children Inc
- Assets
- $6.4m
- Revenue
- $2.0m
- Investments
- $267.0k
- Employees
- 53
- Location
- Phoenix, AZ
- Founding
- 05/1991
- Data as of
- 06/2023
- EIN
- 86-0650451
Organization Overview
Rosies House A Music Academy For Children Inc is located in Phoenix, AZ. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Rosies House A Music Academy For Children Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosies House A Music Academy For Children 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 06/2023, Rosies House A Music Academy For Children Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 19.0% 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
OUR MISSION IS TO ELIMINATE BARRIERS TO HIGH-QUALITY MUSIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROSIE'S HOUSE IS TRANSFORMING THE FUTURE OF OUR COMMUNITY BY PROVIDING STUDENTS WHO ARE ECONOMICALLY DISADVANTAGED WITH OPPORTUNITY AND ACCESS THROUGH MUSIC EDUCATION. OUR PROGRAM PROMOTES GOAL-SETTING AND DEVELOPS OUR STUDENTS' COMMITMENT TO SECONDARY EDUCATION AND COMMUNITY SERVICE. ONE OF THE LARGEST FREE AFTERSCHOOL MUSIC PROGRAMS NATIONWIDE, WE SERVE YOUTH AGES 4-18. DURING THE 2022-23 PROGRAM YEAR, ROSIE'S HOUSE PROVIDED 550 YOUTH WITH OVER 23,640 FREE MUSIC LESSONS AND LOANED OVER 500 FREE MUSICAL INSTRUMENTS. WE ARE IMPROVING OUR STUDENTS' QUALITY OF LIFE BY GIVING THEM ACCESS TO OPPORTUNITIES THAT WILL HELP BREAK THE CYCLE OF POVERTY AND PROVIDE TOOLS FOR LONG-TERM SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Chambers Director | Trustee | 2 | $0 |
Patrick Stevens Director | Trustee | 2 | $0 |
Adriana Garcia Director | Trustee | 2 | $0 |
Thomas Gilson Director | Trustee | 2 | $0 |
Albert Leffler Director | Trustee | 2 | $0 |
Dr Kimberly Marshall Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,715 |
| Related organizations | $0 |
| Government grants | $180,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,618,166 |
| Noncash contributions included in lines 1a–1f | $171,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,898,272 |
| Total Program Service Revenue | $0 |
| Investment income | $51,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,987,465 |
| 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. | $109,200 |
| Compensation of current officers, directors, key employees. | $21,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $598,698 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,224 |
| Payroll taxes | $53,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,567 |
| Advertising and promotion | $0 |
| Office expenses | $173,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $648,736 |
| Travel | $3,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,507 |
| Insurance | $14,840 |
| All other expenses | $124,727 |
| Total functional expenses | $1,976,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,606,948 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,579,988 |
| Accounts receivable, net | $11,154 |
| 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 | $16,868 |
| Net Land, buildings, and equipment | $696,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $267,025 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,000 |
| Total assets | $6,381,138 |
| Accounts payable and accrued expenses | $31,591 |
| 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 | $478,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,382 |
| Total liabilities | $545,287 |
| Net assets without donor restrictions | $1,098,703 |
| Net assets with donor restrictions | $4,737,148 |
| 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 | $6,381,138 |