Notes For Notes Inc

EIN: 204875556 501(c)(3) Arts, Culture & Humanities

Nashville, TN

Total Revenue
$2,984,788
Total Expenses
$2,782,380
Total Assets
$3,086,482
Net Assets
$3,035,311
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Phone
8056137308
Tax Period
2023-01-01 to 2023-12-31

Notes For Notes Inc, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 7% surplus.

Mission

To provide youth with free access to musical instruments, instruction, and a music-making environment so that music can become a profoundly positive influence in their lives.

Program Service Accomplishments

Program 1
Expenses: $2,360,645

In 2023 N4N served 10,808 youth nationwide across our 26 studios (open by end of year) with a total of 46,540 recording sessions. N4N opened new studios in Los Angeles in partnership with Sony Music...

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In 2023 N4N served 10,808 youth nationwide across our 26 studios (open by end of year) with a total of 46,540 recording sessions. N4N opened new studios in Los Angeles in partnership with Sony Music Group and expanded into public schools with our studio inside the Penn Griffin School for the Arts. The development of new partnerships will yield additional studios in 2024 in Milwaukee, Atlanta and Nashville further expanding musical resources for youth in new communities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,958,757
Program Service Revenue $0
Investment Income $0
Other Revenue $26,031
TOTAL REVENUE $2,984,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,030,966
Fundraising Expenses $222,410
Program Expenses $2,360,645
Other Expenses $751,414
TOTAL EXPENSES $2,782,380

Year-over-Year Comparison

2023 2022 Change
Revenue $2,984,788 $1,771,612 +0.7%
Expenses $2,782,380 $2,013,837 +0.4%
Net Income $202,408 $-242,225 -1.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
41
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
4
$90,185
Total Directors
9
$90,185
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Gilley CEO 40.00
Officer Director
$90,185 $0 $90,185
Roderick Hare Chairman 1.00
Officer Director
$0 $0 $0
Ian Smith Director 1.00
Director
$0 $0 $0
Natalie Noone Director 1.00
Director
$0 $0 $0
Matt Kettman Secretary 1.00
Officer Director
$0 $0 $0
Evan Skopp Treasurer 1.00
Officer Director
$0 $0 $0
Jeff Cuellar Director 1.00
Director
$0 $0 $0
Duncan Dashiff Director 1.00
Director
$0 $0 $0
Amilcar Welton Director 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $2,984,788 $2,782,380 $3,086,482 $202,408
2022 $1,771,612 $2,013,837 $3,023,685 $-242,225
2021 $2,515,834 $1,958,484 $2,688,504 $557,350
2020 $1,218,234 $2,088,954 $2,428,618 $-870,720
2019 $2,978,489 $2,168,164 $3,600,046 $810,325
2018 $1,807,654 $2,160,342 $2,961,926 $-352,688
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