Music Learning Foundation EIN 75-2985743 Form 990 (PDF) Claim this org

Music Learning Foundation

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Provides young musicians with music education and performance opportunities. For fiscal year 2023 it reported $262K in revenue, $255K in expenses, and $71K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Rockwall, TX
Website
musiclearning.org
Filings
4 on file (2020–2023)
Revenue
$262KFY2023
Expenses
$255K
Net assets
$71K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  75-2985743 Public charity (501(c)(3)) Rockwall, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides young musicians with music education and performance opportunities.
Leadership
Jerry C Bishop · President
Money in and out
$262K revenue, $255K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$71K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▼ -56% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -90% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$262K
FY2023▲ +97%
Expenses
$255K
FY2023▲ +161%
Total assets
$73K
FY2023▲ +15%
Total liabilities
$2K
FY2023▲ ×17
Total revenue
$262K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$71K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$73K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMusic Learning Foundation
EINHdr · item D75-2985743
Principal addressHdr · item CRockwall, TX
WebsiteHdr · item Jmusiclearning.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2023.
01

Music learning foundation gives over 100 children the opportunity to travel around the southwest region of the country and perform in concerts. The related program service expenses include amounts for food, lodging, transportation, and other concert-related expenses while on tour.

Pt IX · col B
02

Music learning foundation gives over 100 children the opportunity to attend camps to inprove their musical skills. The related program service expenses include amounts for food, lodging, and transportation for he children while atending the camp.

Pt IX · col B
03

Music learning foundation gives over 100 children the opportunity to attend camps to inprove their musical skills. The related program service expenses include amounts for food, lodging, and transportation for he children while atending the camp.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$262K
Total revenueLn 12$262K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$255K
Total functional expensesLn 25$255K

Balance Sheet

Part X · end of year
CashLn 1$73K
Total assetsLn 16$73K
Total liabilitiesLn 26$2K
Total net assetsLn 32$71K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $73K · Operating expenses/yr $255K
3.4 months
Where the money goes
Program services
Program services $255K · Total expenses $255K
100%
Management & General
Management & general $0 · Total expenses $255K
0%
Fundraising
Fundraising $0 · Total expenses $255K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $262K
0%
Government reliance
Government grants — · Total revenue $262K
Earned-income share
Program service revenue $262K · Total revenue $262K
100%
Investment reliance
Investment income $0 · Total revenue $262K
0%
Program self-sufficiency
Program service revenue $262K · Total expenses $255K
103%
Growth & trend
Revenue growth (YoY)
This year $262K · Prior year $133K
+97%
Net-asset trend (YoY)
End of year $71K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $262K · Expenses $255K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $73K
Net-asset ratio
Net assets $71K · Total assets $73K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $73K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jerry C Bishop · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $255K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $255K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 97%
Accounting fee ratio 0.1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$3K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$262K revenue · viewing · ⤓ 990 PDF
FY2022$133K revenue · ⤓ 990 PDF
FY2021$21K revenue · ⤓ 990 PDF
FY2020$101K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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