BERACAH MUSIC FOUNDATION INC

EIN: 834612898 501(c)(3) Youth Development

ELLICOTT CITY, MD

Total Revenue
$3,061
Total Expenses
$3,077
Total Assets
$-16
Net Assets
$-16
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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
2019
Principal Officer
YOUNGMI CHAE
Phone
4109793230
Tax Period
2019-01-01 to 2019-12-31

BERACAH MUSIC FOUNDATION INC, founded in 2019, is a micro nonprofit in the Youth Development sector that reported $3K in total revenue in fiscal year 2019.

Mission

WE PROVIDE YOUNG MUSICIANS WITH PROFESSIONAL MUSIC EDUCATION AND ENCOURAGES THEM TO CONTRIBUTE TO THE CULTURAL, SOCIAL, ETHNIC AND NATIONAL HARMONY BY PARTICIPATING IN VARIOUS MUSICAL ACTIVITIES BASED ON THE CHRISTIAN SPIRIT. OUR MUSICAL ACTIVITIES INVOLVE TO CULTIVATE MUSICAL ACTIVITIES AND MUSIC MINISTRY OF CHURCHES TO DELIVER GOSPEL. WE SUPPORT WORLD MISSIONARIES AND OUR NEIGHBORS WHO NEED OUR HELP.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,061
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,240
Other Expenses $3,077
TOTAL EXPENSES $3,077

Year-over-Year Comparison

2019 2018 Change
Revenue $3,061 N/A N/A
Expenses $3,077 N/A N/A
Net Income $-16 N/A N/A
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
4
Independent Members
4
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOUNGMI CHAE DIRECTOR N/A
Officer
$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
2019 $3,061 $3,077 $-16 $-16
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