The Music Education Initiative

EIN: 853377089 501(c)(3) Arts, Culture & Humanities

Rogers, AR

Total Revenue
$350,517
Total Expenses
$239,004
Total Assets
$272,610
Net Assets
$266,370
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AR
Tax Period
2023-01-01 to 2023-12-31

The Music Education Initiative, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $351K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 32% operating margin.

Mission

The Music Education Initiative mission isto bring music education and appreciation to the general public andschool aged children.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $350,517
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $350,517

Expense Breakdown

Grants Paid $303
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $159,569
Other Expenses $238,701
TOTAL EXPENSES $239,004

Year-over-Year Comparison

2023 2022 Change
Revenue $350,517 $302,365 +0.2%
Expenses $239,004 $140,416 +0.7%
Net Income $111,513 $161,949 -0.3%
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
4
Independent Members
4
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
1
$96,195
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Orson Weems Founder 0.00
Director
$96,195 $0 $96,195
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 $350,517 $239,004 $272,610 $111,513
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