FUNDACION MUSICA Y PAIS INC

EIN: 660573514 501(c)(3) Education

San Juan, PR

Total Revenue
$208,750
Total Expenses
$181,550
Total Assets
$188,824
Net Assets
$186,550
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
PR
Principal Officer
Maria del Carmen Gil
Phone
7874625276
Tax Period
2023-01-01 to 2023-12-31

FUNDACION MUSICA Y PAIS INC, founded in 1999, is a small nonprofit in the Education sector that reported $209K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $182K left a modest 13% surplus.

Mission

Promote the value of music and musical education as an instrument of transformation and social change for Puerto Rico.

Program Service Accomplishments

Program 1
Expenses: $52,758 Revenue: $10,500

Orchestral Program - Unique orchestral training program where young musicians who study in the different music education programs throughout the island receive advanced level orchestral training...

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Orchestral Program - Unique orchestral training program where young musicians who study in the different music education programs throughout the island receive advanced level orchestral training through practical experiences that train them for a professional life in music. People reached:

Program 2
Expenses: $75,023 Revenue: $30,632

Música para Todos - Provides the opportunity for children and young people to receive musical training in the schools and community centers of their towns. Works in collaboration with public and...

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Música para Todos - Provides the opportunity for children and young people to receive musical training in the schools and community centers of their towns. Works in collaboration with public and private schools, social and community organizations, foundations, and non-profit organizations that serve as hosts for the program. People reached:

Program 3
Expenses: $21,155 Revenue: $11,310

Musica para Sanar Program - Provides music therapy sessions to children victims of violence who have been separated from their families and belong to the most vulnerable populations in the country...

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Musica para Sanar Program - Provides music therapy sessions to children victims of violence who have been separated from their families and belong to the most vulnerable populations in the country, mostly below the poverty level. The sessions have clinical-therapeutic objectives and are designed to produce activities where children can express their fears, emotions, and experiences.

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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 $156,308
Program Service Revenue $52,442
Investment Income $0
Other Revenue $0
TOTAL REVENUE $208,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $148,936
Other Expenses $181,550
TOTAL EXPENSES $181,550

Year-over-Year Comparison

2023 2022 Change
Revenue $208,750 $220,619 -0.1%
Expenses $181,550 $144,929 +0.3%
Net Income $27,200 $75,690 -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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
15

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria del Carmen Gil President/Executive Director 30
Officer Director
$0 $0 $0
Hector Vazquez Treasurer 3
Director
$0 $0 $0
Lucy M Berlingeri Secretary 1
Director
$0 $0 $0
Joaquin Rodriguez Director 1
Director
$0 $0 $0
Agustin Costa Director 1
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
2023 $208,750 $181,550 $188,824 $27,200
2022 $220,619 $144,929 $160,003 $75,690
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