Music & Memory INC FY2022 filing

Mineola, NYUnknown exempt organizationEIN 27-2098431Revenue $417K in FY2022

On file with the IRSmusicandmemory.org160 First Street Po Box 590 · Mineola, NY

This page gets seen. Tell your story. Claim this org.

Music & Memory brings personalized Music into the lives of elderly or inform through digital technology, vastly improving quality of life.

72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $41K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $119K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$246K
133% of total assets
Concern: liabilities are 133% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$417K
-22% vs prior year
Spent
$337K
To programs
72%
Net assets
−$61K
By yearFY2019–FY2024
Revenue
$417K
FY2022▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.5M
FY2020$485K
FY2021$531K
FY2022$417K
FY2023$221K
FY2024$258K
Expenses
$337K
FY2022▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2019$1.4M
FY2020$465K
FY2021$421K
FY2022$337K
FY2023$337K
FY2024$260K
Net assets
−$61K
FY2022▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2019−$280K
FY2020−$250K
FY2021−$140K
FY2022−$61K
FY2023−$177K
FY2024−$178K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $243K Management & general 9% · $31K Fundraising 19% · $63K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director Until 11/2022, Then Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chair Until 11/2022, Then Director
$0Pt VII · Sec A
Secretary Until 6/2022
$0Pt VII · Sec A
Secretary as of 6/2022
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Music & Memory INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Brings personalized music to elders and those with cognitive challenges, improving their quality of life.

Questions for Music & Memory INC

Tap to ask. Music & Memory INC sees how many people are interested.

Your first name shows with your question. Music & Memory INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $243K · in their own filed words · FY2022
01

Music & memory's personalized music program has been field-tested in thousands of care settings throughout the U.S. And around the world. As a music & memory certified care organization, we introduce music & memory to those in need, and their families as well, to develop personalized playlists for each individual participant while…

$243Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$417K
Ln 12
Gifts and grantsLn 1h$276K
Fees for servicesLn 2g$141K
Money outPt IX
$337K
Ln 25
Programscol B$243K
Managementcol C$31K
Fundraisingcol D$63K
Owns and owesPt X
−$61K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$185K
LiabilitiesLn 26$246K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$276K
Fees for servicesLn 2g$141K
Total revenueLn 12$417K
Assets in detailPt X, end of year
CashLn 1$176K
Cash and savings togetherLn 1–2$176K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$185K
LiabilitiesLn 26$246K
Net assetsLn 32−$61K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$71K$176K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$137K$185K
LiabilitiesLn 26$277K$246K
Net assetsLn 32−$140K−$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$173K$142K$14K$17K
Other employee benefitsLn 9$1K$970$95$119
Payroll taxesLn 10$15K$12K$1K$2K
Other fees for servicesLn 11g$36K$36K
Advertising and promotionLn 12$683$683
Office expensesLn 13$14K$4K$8K$2K
TravelLn 17$24$24
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$90K$82K$3K$6K
All other expensesLn 24e$5K$2K$3K$196
Total functional expensesLn 25$337K$243K$31K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $258K$260K−$1K−$178K 990 PDF
FY2023 $221K$337K−$116K−$177K 990 PDF
FY2022 Viewing $417K$337K$79K−$61K 990 PDF
FY2021 $531K$421K$109K−$140K 990 PDF
FY2020 $485K$465K$20K−$250K 990 PDF
FY2019 $1.5M$1.4M$155K−$280K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $416,505 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $240,647$275,501
I-9 Program service revenuePrior year $289,945$141,004
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $530,592$416,505
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $185,042$189,548
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $236,213$147,745
I-18 Total expensesPrior year $421,255$337,293
I-19 Revenue less expensesPrior year $109,337$79,212
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $416,505 across 4 lines filed
VIII-1f All other contributions, gifts and grants$275,501
VIII-1h Total contributions, gifts and grants$275,501
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,004$141,004
VIII-12 Total revenueRelated to mission $141,004 · Unrelated business $0 · Excluded from tax $0$416,505
Part IX · Statement of functional expenses $337,293 across 10 lines filed
IX-7 Other salaries and wagesPrograms $141,984 · Management $13,852 · Fundraising $17,315$173,151
IX-9 Other employee benefitsPrograms $970 · Management $95 · Fundraising $119$1,184
IX-10 Payroll taxesPrograms $12,475 · Management $1,217 · Fundraising $1,521$15,213
IX-11g Other fees for servicesFundraising $36,372$36,372
IX-12 Advertising and promotionManagement $683$683
IX-13 Office expensesPrograms $3,939 · Management $7,845 · Fundraising $1,761$13,545
IX-17 TravelPrograms $24$24
IX-23 InsuranceManagement $1,671$1,671
IX-24 Other expenses (24a–d)Programs $81,785 · Management $2,901 · Fundraising $5,525$90,211
IX-24e All other expensesPrograms $2,209 · Management $2,834 · Fundraising $196$5,239
IX-25 Total functional expensesPrograms $243,386 · Management $31,098 · Fundraising $62,809$337,293
Part X · Balance sheet $184,519 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $70,924$176,218
X-4 Accounts receivableStart of year $66,100$7,458
X-9 Prepaid expenses and deferred charges$843
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $137,024$184,519
X-17 Accounts payable and accrued expensesStart of year $31,252$28,351
X-19 Deferred revenueStart of year $214,860$214,860
X-25 Other liabilitiesStart of year $31,134$2,318
X-26 Total liabilitiesStart of year $277,246$245,529
X-27 Net assets without donor restrictionsStart of year −$140,222−$61,010
X-32 Total net assets or fund balancesStart of year −$140,222−$61,010
X-33 Total liabilities and net assetsStart of year $137,024$184,519
Part XI · Reconciliation of net assets −$61,010 net assets at year end
XI-1 Total revenue$416,505
XI-2 Total expenses$337,293
XI-3 Revenue less expenses$79,212
XI-4 Net assets at start of year−$140,222
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$61,010

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.