MUSIC OPPORTUNITY PROGRAM FOUNDATION C/O PHILLIPS ACADEMY

EIN: 200703074 501(c)(3)

BIRMINGHAM, AL

Total Revenue
$101,684
Total Expenses
$112,016
Total Assets
$5,234
Net Assets
$5,234
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AL
Principal Officer
PAUL MERRYMAN
Phone
2052319509
Tax Period
2017-07-01 to 2018-06-30

MUSIC OPPORTUNITY PROGRAM FOUNDATION C/O PHILLIPS ACADEMY, founded in 2004, is a small nonprofit that reported $102K in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year. Expenses of $112K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MUSIC OPPORTUNITY PROGRAM'S GOAL IS TO INVOLVE YOUTH IN AN EDUCATIONAL PROGRAM THAT RESULTS IN A LIFE LONG LOVE FOR MUSIC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $4,890
Program Service Revenue $92,554
Investment Income $23
Other Revenue $4,217
TOTAL REVENUE $101,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,143
Fundraising Expenses $0
Program Expenses $84,204
Other Expenses $8,873
TOTAL EXPENSES $112,016

Year-over-Year Comparison

2017 2016 Change
Revenue $101,684 $114,363 -0.1%
Expenses $112,016 $138,676 -0.2%
Net Income $-10,332 $-24,313 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
2
Independent Members
2
Employees
6
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$87,135
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN PITLER PRESIDENT 5.00
Officer Director
$0 $0 $0
JON REMLEY BOARD MEMBER 5.00
Director
$0 $0 $0
PAUL MERRYMAN EDUCATION DIRECTOR 40.00
Officer
$41,275 $0 $41,275
SHERRY SMITH BUSINESS DIRECTOR 40.00
Officer
$45,860 $0 $45,860
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $101,684 $112,016 $5,234 $-10,332
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