Music City Youth in the Arts / Music City Drum and Bugle Corps
Fiscal Year
Fiscal Year Start
11/01/2023
Fiscal Year End
10/31/2024
Projected Revenue
$1,254,952.00
Projected Expenses
$1,201,342.00
Organizational Budgets and Other Documents
| 23-24 Financial Budget | 2024 |
| 22-23 Budget | 2023 |
| 20-21 Budget | 2021 |
| Budget | 2019 |
| Budget | 2018 |
| Budget | 2017 |
IRS Letter of Exemption
| music city youth in the arts irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $859,880.00 | $374,654.00 | |
| Total Expenses | $996,306.00 | $419,459.00 | |
| Revenue Less Expenses | ($-0.00) | ($136,426.00) | ($44,805.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $107,196.00 | $37,138.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $714,097.00 | $303,583.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $38,587.00 | $9,233.00 | |
| Revenue In-Kind | $0.00 | $12,000.00 | |
| Other | $0.00 | $12,700.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $994,375.00 | $417,033.00 | |
| Administration Expense | $1,931.00 | $2,426.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 86% | 89% | |
| Program Expense/Total Expenses | 100% | 99% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $714,097.00 | Program Revenue $303,583.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $107,196.00 | Contributions, Gifts, and Grants $37,138.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $38,587.00 | Other Revenue $12,700.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $86,654.00 | $61,572.00 | |
| Current Assets | $86,654.00 | $57,592.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $178,959.00 | $17,451.00 | |
| Total Net Assets | $-92,305.00 | $44,121.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
April
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2021- 2022 Form 990 | 2022 |
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 Form 990 | 2019 |
| 2018 From 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
| 2014 Form 990 | 2014 |
| 2013 Form 990 | 2013 |
| 2012 Form 990 | 2012 |
| 2011 Form 990 | 2011 |
| 2010 Form 990 | 2010 |
| 2009 Form 990 | 2009 |
Audit Documents
| FY21-22 Audited Financial Statements | 2022 |
| Audited Financial Statements | 2021 |
| Audit | 2019 |
| Audit | 2018 |
| Audit | 2017 |
| Balance Sheet | 2015 |
| Income Statement | 2015 |
| Income Statement | 2015 |
| Balance Sheet | 2014 |
| Income Statement | 2014 |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by John P Young, PC. Comments provided by Nicole Rose 08/25/2023. |
