Music Health Alliance
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,985,000.00
Projected Expenses
$2,023,808.00
Organizational Budgets and Other Documents
| MHA Budget | 2023 |
| Music Health Alliance Projected Budget | 2021 |
| MHA Budget | 2020 |
| MHA Budget | 2019 |
| MHA Budget | 2018 |
| MHA Budget | 2017 |
| MHA Budget | 2016 |
| Music Health Alliance Projected Budget | 2015 |
| Music Health Alliance 2014 Budget | 2014 |
IRS Letter of Exemption
| Music Health Alliance IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,819,543.00 | $1,346,953.00 | $2,674,136.00 |
| Total Expenses | $1,474,237.00 | $1,096,197.00 | $1,303,150.00 |
| Revenue Less Expenses | $345,306.00 | $250,756.00 | $1,370,986.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $122,000.00 | $0.00 |
| Contributions, Gifts, and Grants | $1,431,897.00 | $1,024,327.00 | $2,493,563.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $241,234.00 | $150,035.00 | $125,016.00 |
| Investment Income, Net of Losses | $11,048.00 | $691.00 | $241.00 |
| Membership Dues | $2.00 | $0.00 | $0.00 |
| Special Events | $135,370.00 | $37,900.00 | $55,316.00 |
| Revenue In-Kind | $0.00 | $12,000.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,237,097.00 | $89,932.00 | $1,179,869.00 |
| Administration Expense | $108,200.00 | $958,740.00 | $93,366.00 |
| Fundraising Expense | $128,940.00 | $47,525.00 | $29,915.00 |
| Total Revenue/Total Expenses | 123% | 123% | 205% |
| Program Expense/Total Expenses | 84% | 8% | 91% |
| Fundraising Expense/Contributed Revenue | 9% | 4% | 2% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,431,897.00 | Contributions, Gifts, and Grants $1,024,327.00 | Contributions, Gifts and Grants $2,493,563.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $241,234.00 | Program Revenue $150,035.00 | Program Revenue $125,016.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $135,370.00 | Government Grants $122,000.00 | Fundraising Events $55,316.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,257,279.00 | $1,910,902.00 | $1,776,906.00 |
| Current Assets | $1,565,701.00 | $1,877,898.00 | $1,761,012.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $27,561.00 | $9,044.00 | $125,804.00 |
| Total Net Assets | $2,229,718.00 | $1,901,858.00 | $1,651,102.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$750,000.00
What is the spending policy for your endowment?
Income Only
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
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| 2018 was a positive financial turning point for Music Health Alliance. We have increased our fundraising efforts with an increase in Board participation and more focused/executed fundraising events. These efforts have been very strategic and will continue in the years to come. |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared by Elliott Davis, LLC/PLLC. Comments provided by Hayley Sulfridge 7/31/2023. |
