Five Points Music Foundation FY2023 filing

Tax-deductible

Roanoke, VA501(c)(3)Arts & CultureEIN 81-5047254Revenue $769K in FY2023

On file with the IRS5pointsmusic.com1217 Maple Ave Sw, 24016-4707 · Roanoke, VATax-exempt since Nov 2017Publicly supported — 509(a)(2)

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Provide a concert experience that prioritizes the hard of hearing and deaf community; conduct Music therapy sessions for children with developmental, neurologic, and intellectual differences as well as children with emotional challenges; and provide Music lessons for those with hearing loss of those who may benefit from learning to play an instrument.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$44K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
2 of 4
filings with a surplus
Average surplus $48K a year · 6% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$769K
+23% vs prior year
Spent
$721K
To programs
90%
Net assets
$166K
By yearFY2020–FY2024
Revenue
$769K
FY2023▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$676K
FY2022$623K
FY2023$769K
FY2024$940K
Expenses
$721K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$438K
FY2022$705K
FY2023$721K
FY2024$951K
Net assets
$166K
FY2023▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2020−$39K
FY2021$199K
FY2022$118K
FY2023$166K
FY2024$154K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 ruling in Nov 2017.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $651K Management & general 5% · $35K Fundraising 5% · $35K

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

6 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$44,125Pt VII · Sec A
$213Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

R Tyler Godsey’s $53K as Executive Dir. is at the 48th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
R Tyler Godsey$53,325$44,125$43,950$32,875$12,870
William Kesler———$1,100—
Justin Pinckney$250$213———

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 Five Points Music Foundation executive salaries →

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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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Offers accessible concerts, music therapy, and lessons for the deaf, hard of hearing, and children with diverse needs.

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Provided by the organization

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3 programs · $651K · in their own filed words · FY2023
01

FIVE POINTS Music uses live events, workshops, and concerts that fund and support access to music therapy, hearing loss advocacy, accessibility programs along with public arts initiatives designed to foster a more inclusive and universally approachable world.

$632Kprogram expense
02

FIVE POINTS Accessibility and Hearing Loss Advocacy programs feature a variety of services that are developed at our live events and offered to other event organizers, festival promoters, community events, other venues, for touring artists, and more.

$13Kprogram expense
03

FIVE POINTS Music provides year round access to music therapy services for groups and individuals with various special needs including children with developmental disabilities, veterans with PTSD, those in recovery from addiction, and more.

$7Kprogram 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
GE FoundationFY2024$500
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$769K
Ln 12
Fees for servicesLn 2g$562K
Gifts and grantsLn 1h$148K
Other incomeLn 4–11$60K
Money outPt IX
$721K
Ln 25
Programscol B$651K
Managementcol C$35K
Fundraisingcol D$35K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$192K
LiabilitiesLn 26$26K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Fundraising eventsLn 1c$29K
Fees for servicesLn 2g$562K
Other incomeLn 4–11$60K
Gains on assetsLn 7$0
Total revenueLn 12$769K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$0
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$59K
Other assetsLn 15$103K
Total assetsLn 16$192K
LiabilitiesLn 26$26K
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$79K$26K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$74K$59K
Total assetsLn 16$154K$192K
LiabilitiesLn 26$36K$26K
Net assetsLn 32$118K$166K
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 current officers, directors and key staffLn 5$45K$41K$2K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K$89$88
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$10K$9K$495$494
Advertising and promotionLn 12$20K$18K$1K$1K
Office expensesLn 13$3K$3K$144$143
Information technologyLn 14$413$372$21$20
RoyaltiesLn 15$0
OccupancyLn 16$33K$30K$2K$2K
TravelLn 17$3K$2K$129$128
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$2K$2K$97$96
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$19K$17K$968$968
InsuranceLn 23$3K$2K$138$138
Other expenses (24a–d)Ln 24$424K$382K$21K$21K
All other expensesLn 24e$157K$143K$7K$7K
Total functional expensesLn 25$721K$651K$35K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $940K$951K−$11K$154K 990 PDF
FY2023 Viewing $769K$721K$48K$166K 990 PDF
FY2022 $623K$705K−$82K$118K 990 PDF
FY2021 $676K$438K$238K$199K 990 PDF
FY2020 $194K−$39K 990 PDF

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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 FY2023 990 (6 parts)
Part I · Summary $769,011 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,179$147,865
I-9 Program service revenuePrior year $392,888$561,564
I-10 Investment income$0
I-11 Other revenuePrior year $29,206$59,582
I-12 Total revenuePrior year $623,273$769,011
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $43,950$45,325
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $661,021$675,787
I-18 Total expensesPrior year $704,971$721,112
I-19 Revenue less expensesPrior year −$81,698$47,899
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $769,011 across 10 lines filed
VIII-1c Fundraising events$29,106
VIII-1f All other contributions, gifts and grants$118,759
VIII-1h Total contributions, gifts and grants$147,865
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $561,564$561,564
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $71,537$71,537
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$7,525−$11,955
VIII-12 Total revenueRelated to mission $561,564 · Excluded from tax $64,012$769,011
Part IX · Statement of functional expenses $721,112 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 current officers, directors and key staffPrograms $40,793 · Management $2,266 · Fundraising $2,266$45,325
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,598 · Management $89 · Fundraising $88$1,775
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $8,895 · Management $495 · Fundraising $494$9,884
IX-12 Advertising and promotionPrograms $17,997 · Management $1,000 · Fundraising $1,000$19,997
IX-13 Office expensesPrograms $2,583 · Management $144 · Fundraising $143$2,870
IX-14 Information technologyPrograms $372 · Management $21 · Fundraising $20$413
IX-15 Royalties$0
IX-16 OccupancyPrograms $29,925 · Management $1,663 · Fundraising $1,662$33,250
IX-17 TravelPrograms $2,312 · Management $129 · Fundraising $128$2,569
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,739 · Management $97 · Fundraising $96$1,932
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $17,423 · Management $968 · Fundraising $968$19,359
IX-23 InsurancePrograms $2,480 · Management $138 · Fundraising $138$2,756
IX-24 Other expenses (24a–d)Programs $381,520 · Management $21,196 · Fundraising $21,195$423,911
IX-24e All other expensesPrograms $143,292 · Management $6,894 · Fundraising $6,885$157,071
IX-25 Total functional expensesPrograms $650,929 · Management $35,100 · Fundraising $35,083$721,112
Part X · Balance sheet $191,703 assets, 17 lines filed
Asset lines not itemized here account for $2,385; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $79,480$26,285
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$671
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $74,405$59,296
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$103,066
X-16 Total assetsStart of year $153,885$191,703
X-26 Total liabilitiesStart of year $36,194$26,113
X-27 Net assets without donor restrictionsStart of year $117,691$165,590
X-32 Total net assets or fund balancesStart of year $117,691$165,590
X-33 Total liabilities and net assetsStart of year $153,885$191,703
Part XI · Reconciliation of net assets $165,590 net assets at year end
XI-1 Total revenue$769,011
XI-2 Total expenses$721,112
XI-3 Revenue less expenses$47,899
XI-4 Net assets at start of year$117,691
XI-10 Net assets at end of year$165,590

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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