Music Will Inc
- Assets
- $6.5m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 35
- Location
- Montclair, NJ
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 94-3396568
Organization Overview
Music Will Inc is located in Montclair, NJ. The organization was established in 2002. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Music Will Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Will 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, Music Will Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LITTLE KIDS ROCK TRANSFORMS LIVES BY RESTORING, EXPANDING, AND INNOVATING MUSIC EDUCATION IN OUR SCHOOLS. OUR NETWORK OF THOUSANDS OF K-12 TEACHERS ACROSS 48 STATES LEAD A NATIONAL MOVEMENT THAT BRINGS INNOVATIVE AND INCLUSIVE MUSIC EDUCATION TO STUDENTS... SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC EDUCATION: IN ACCORDANCE WITH ITS MISSION, THE ORGANIZATION PROVIDES MUSIC EDUCATION TO STUDENTS, PRIMARILY FROM LOW INCOME BACKGROUNDS IN ORDER TO FOSTER MUSICIANSHIP, TO DEVELOP CONFIDENCE, RESPONSIBILITY, DISCIPLINE AND OTHER LIFELONG VALUES. THE ORGANIZATION PROVIDES TRAINING AND SUPPORT FOR TEACHERS AND OTHER TYPES OF MENTORS ENROLLED IN THE MUSIC EDUCATION PROGRAM IN ORDER TO HELP FACILITATE AND ESTABLISH A SAFE, NURTURING, SUPPORTIVE, AND FUN ENVIRONMENT FOR STUDENTS.
MUSICAL INSTRUMENTS AND CURRICULUM RESOURCES: THE ORGANIZATION OBTAINS AND PROVIDES MUSICAL INSTRUMENTS AND OTHER CURRICULUM RESOURCES TO STUDENTS TO USE IN THEIR PARTICIPATION IN MUSIC PRODUCTION, RECORDING, AND PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Wish CEO | OfficerTrustee | 40 | $187,850 |
Janice Polizzotto Chief Dev Ofcr | Officer | 40 | $186,650 |
Charly Schwartz COO | Officer | 40 | $174,984 |
Abasi Aniton Dir Of Tech | 40 | $142,977 | |
Keith Hejna Dir Philanthropy | 40 | $131,405 | |
Howard Kerbel Interim CFO | Officer | 20 | $52,147 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Webster Realty Llc Rent - Verona Office | 6/29/20 | $141,510 |
Mbm Entertainment Venue Expenses | 6/29/20 | $125,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $579,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,682,678 |
| Noncash contributions included in lines 1a–1f | $1,236,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,262,385 |
| Total Program Service Revenue | $68,622 |
| 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 | $784,404 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,118,295 |
| 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. | $779,708 |
| Compensation of current officers, directors, key employees. | $136,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,065,439 |
| Pension plan accruals and contributions | $59,174 |
| Other employee benefits | $190,086 |
| Payroll taxes | $221,231 |
| 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 | $326,230 |
| Advertising and promotion | $14,235 |
| Office expenses | $15,769 |
| Information technology | $341,798 |
| Royalties | $0 |
| Occupancy | $12,948 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $180,380 |
| Conferences, conventions, and meetings | $137,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,277 |
| All other expenses | $0 |
| Total functional expenses | $5,831,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,539,014 |
| Savings and temporary cash investments | $3,388,582 |
| Pledges and grants receivable | $1,268,763 |
| 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 | $227,243 |
| Prepaid expenses and deferred charges | $112,375 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350 |
| Total assets | $6,536,327 |
| Accounts payable and accrued expenses | $274,058 |
| Grants payable | $0 |
| Deferred revenue | $103,935 |
| 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 | $0 |
| Total liabilities | $377,993 |
| Net assets without donor restrictions | $4,789,804 |
| Net assets with donor restrictions | $1,368,530 |
| 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 | $6,536,327 |