B Sharp Youth Music Program FY2021 filing

Fort Worth, TXUnknown exempt organization EIN 81-3023136Revenue $270K in FY2021Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSFort Worth, TX

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Harmonizing communities through music.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3023136) · Dispute this line
98¢ of each $1 spent went to programs.
$101K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $25K a year · 13% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$101K
to officers and key staff · 48% of spending
Pay to officers and key staff is 48% of spending.
Part VII, Section A
0.3 mo
of spending, in cash
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $47K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$270K
Spent
$210K
To programs
98%
Net assets
$10K
By yearFY2021–FY2022
Revenue
$270K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$270K
FY2022$114K
Expenses
$210K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$210K
FY2022$124K
Net assets
$10K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$10K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $207K Management & general 2% · $3K

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

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Who runs it and what they're paid

5 people listed on the 990; $101K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$101,000Pt VII · Sec A
Chairman/Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Accounting Officer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Jennifer Hay$88,417$101,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See B Sharp Youth Music Program executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people and communities through the power of music.

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1 program · $207K · in their own filed words · FY2020
01

Each student in B Sharp benefits from a rich music curriculum that creates a caring, cooperative, and fun community. Total enrollment for the school year was: 0 - B Sharp Program of Choice (Kinder-5th grade), 0 - B Sharp After School (2nd-5th grade), and 0 - B Sharp Youth Orchestra (Symphony & Philharmonic Orchestra).

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3023136) · Dispute this line
$207Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$47K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$69K
Investment incomeLn 3$498
Money outPt IX
$210K
Ln 25
Programscol B$207K
Managementcol C$3K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$10K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$69K
Investment incomeLn 3$498
Gains on assetsLn 7$0
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Loans to other insidersLn 6$5K
Total assetsLn 16$10K
LiabilitiesLn 26$0
Net assetsLn 32$10K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$20K$5K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$20K$10K
LiabilitiesLn 26$70K$0
Net assetsLn 32−$50K$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$142K$142K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$8K$8K
Information technologyLn 14$2K$2K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$420$420
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$8K$8K$0
All other expensesLn 24e$2K$2K$226
Total functional expensesLn 25$210K$207K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Sep 26, 2022 $114K$124K−$10K$0 990 PDF
FY2021 ViewingFiled with the IRS Nov 1, 2021 $270K$210K$60K$10K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $269,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $387,070$200,425
I-9 Program service revenuePrior year $0$68,648
I-10 Investment incomePrior year $781$498
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $387,851$269,571
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 $325,564$154,429
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $139,703$55,554
I-18 Total expensesPrior year $465,267$209,983
I-19 Revenue less expensesPrior year −$77,416$59,588
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $269,571 across 9 lines filed
VIII-1f All other contributions, gifts and grants$200,425
VIII-1h Total contributions, gifts and grants$200,425
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,648$68,648
VIII-3 Investment incomeUnrelated business $498$498
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $68,648 · Unrelated business $498$269,571
Part IX · Statement of functional expenses $209,983 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $142,034$142,034
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,645$3,645
IX-10 Payroll taxesPrograms $8,750$8,750
IX-11a Management fees$0
IX-11b Legal feesManagement $1,898$1,898
IX-11c Accounting feesManagement $1,275$1,275
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $8,179$8,179
IX-14 Information technologyPrograms $1,569$1,569
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $420$420
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $31,871$31,871
IX-24 Other expenses (24a–d)Programs $8,366 · Fundraising $0$8,366
IX-24e All other expensesPrograms $1,750 · Management $226$1,976
IX-25 Total functional expensesPrograms $206,584 · Management $3,399 · Fundraising $0$209,983
Part X · Balance sheet $9,985 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $20,196$4,773
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$5,212
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $20,196$9,985
X-17 Accounts payable and accrued expensesStart of year $1,151$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $68,648$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $69,799$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$49,603$9,985
X-32 Total net assets or fund balancesStart of year −$49,603$9,985
X-33 Total liabilities and net assetsStart of year $20,196$9,985
Part XI · Reconciliation of net assets $9,985 net assets at year end
XI-1 Total revenue$269,571
XI-2 Total expenses$209,983
XI-3 Revenue less expenses$59,588
XI-4 Net assets at start of year−$49,603
XI-10 Net assets at end of year$9,985

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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