FIVE POINTS MUSIC FOUNDATION

EIN: 815047254 501(c)(3) Arts, Culture & Humanities

ROANOKE, VA

Total Revenue
$769,011
Total Expenses
$721,112
Total Assets
$191,703
Net Assets
$165,590
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
R TYLER GODSEY
Phone
5407955618
Tax Period
2023-01-01 to 2023-12-31

FIVE POINTS MUSIC FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $769K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $721K left a modest 6% surplus.

Mission

FIVE POINTS MUSIC'S mission is to pursue the power of sound through live events that fund and promote access to music therapy, hearing loss advocacy, accessibility programs, and public arts initiatives. With a goal of fostering a more inclusive and universally approachable world, FIVE POINTS Music develops programs and services to enhance the role that music and art can play in educating and uniting audiences to support access with a wide variety of developmental, physical, & mental challenges.

Program Service Accomplishments

Program 1
Expenses: $631,686 Revenue: $553,014

FIVE POINTS Music uses live events, workshops, and concerts that fund and support access to music therapy, hearing loss advocacy, accessibility programs along with public arts initiatives designed to...

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FIVE POINTS Music uses live events, workshops, and concerts that fund and support access to music therapy, hearing loss advocacy, accessibility programs along with public arts initiatives designed to foster a more inclusive and universally approachable world. Our live events serve as a platform to highlight the creative capacity of musicians, print/graphic artists, installation/sculpture artists, street performers, photographers, authors, & other performing artists, while emphasizing the need to foster an inclusive experience for guests with special needs including hearing loss, vision loss, mental disabilities, mobility issues, and other unique challenges.

Program 2
Expenses: $12,643

FIVE POINTS Accessibility and Hearing Loss Advocacy programs feature a variety of services that are developed at our live events and offered to other event organizers, festival promoters, community...

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FIVE POINTS Accessibility and Hearing Loss Advocacy programs feature a variety of services that are developed at our live events and offered to other event organizers, festival promoters, community events, other venues, for touring artists, and more. Services include offering free mobile hearing testing, free hearing protection give-aways for children, teens, & adults, Performing ASL Interpreters, color-blind/light sensitive glasses, tactile/haptic technology for those with hearing loss or sensory challenges, mobility support, ADA hospitality and customer service, training, and strategic planning to create universally accessible experiences for guests with various special needs.

Program 3
Expenses: $6,600

FIVE POINTS Music provides year round access to music therapy services for groups and individuals with various special needs including children with developmental disabilities, veterans with PTSD...

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FIVE POINTS Music provides year round access to music therapy services for groups and individuals with various special needs including children with developmental disabilities, veterans with PTSD, those in recovery from addiction, and more. Providing families and individuals alternatives to other traditional therapy services offers clients and their families effective tools to strengthen motor function, social skills, audio/verbal development, cognitive development, and communication strategies to effectively engage with and enhance the physical, mental, and emotional well being of clients, care-takers, and their families.

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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 $147,865
Program Service Revenue $561,564
Investment Income $0
Other Revenue $59,582
TOTAL REVENUE $769,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,325
Fundraising Expenses $35,083
Program Expenses $650,929
Other Expenses $675,787
TOTAL EXPENSES $721,112

Year-over-Year Comparison

2023 2022 Change
Revenue $769,011 $623,273 +0.2%
Expenses $721,112 $704,971 +0.0%
Net Income $47,899 $-81,698 -1.6%
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
25

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
$44,125
Total Directors
5
$213
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
R TYLER GODSEY Executive Dir. 40.00
Officer
$44,125 $0 $44,125
JUSTIN PINCKNEY Director 2.00
Director
$213 $0 $213
MICHELLE DARBY Secretary 2.00
Officer Director
$0 $0 $0
MATT FITZGERALD Director 0.00
Director
$0 $0 $0
BRAD BERTINOT Treasurer 2.00
Officer Director
$0 $0 $0
SCHUYLER GODSEY CHAIR 2.00
Officer 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 $769,011 $721,112 $191,703 $47,899
2022 $623,273 $704,971 $153,885 $-81,698
2021 $676,471 $438,359 $252,644 $238,112
2019 $386,861 $372,656 $26,000 $14,205
2018 $312,628 $292,376 $29,830 $20,252
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