Harmony Project Phoenix EIN 85-3131216

Harmony Project Phoenix FY2024 filing

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Uses music to help underserved students access higher education through academic and social support. For fiscal year 2024 it reported $240K in revenue, $308K in expenses, and $35K in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Phoenix, AZ
Website
www.harmonyprojectphx.org
Filings
3 on file (2022–2024)
Revenue
$240KFY2024
Expenses
$308K
Net assets
$35K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  85-3131216 Public charity (501(c)(3)) Phoenix, AZ Founded 2020
Form 990 (PDF)
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Size
$100K–1M
What they do
Uses music to help underserved students access higher education through academic and social support.
Leadership
Diogo Pereira · Secretary/Ex · $90K
Money in and out
$240K revenue, $308K expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$308K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$68K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$240K
FY2024▼ -25%
Expenses
$308K
FY2024▲ +13%
Total assets
$48K
FY2024▼ -58%
Total liabilities
$13K
FY2024▲ +33%
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$308K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$48K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2023.
01

Harmony project phoenix offers a comprehensive music education program to underprivileged children, which includes access to instruments, weekly instrumental music lessons, orchestra and choir programs, performance opportunities, field trips to classical music concerts, and various supportive resources.

$261Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHarmony Project Phoenix
EINHdr · item D85-3131216
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jwww.harmonyprojectphx.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Secretary/Ex
$90,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Diogo Pereira’s $72K as Secretary/Ex is at the 66th percentile of top reported officer pay among 2213 $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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022
Diogo Pereira$71,667$90,000$90,000$45,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$168K · 70%
Program service revenue$71K · 30%
Contributions & grants70%$168K
Program service revenue30%$71K
Investment income$7
Total revenueLn 12$240K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$261K
Management & general15%$47K
Total functional expensesLn 25$308K

Balance Sheet

Part X · end of year
CashLn 1$43K
Total assetsLn 16$48K
Total liabilitiesLn 26$13K
Total net assetsLn 32$35K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $43K · Operating expenses/yr $308K
1.7 months
Where the money goes
Program services
Program services $261K · Total expenses $308K
85%
Management & General
Management & general $47K · Total expenses $308K
15%
Fundraising
Fundraising $0 · Total expenses $308K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $205K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $168K · Total revenue $240K
70%
Government reliance
Government grants — · Total revenue $240K
Earned-income share
Program service revenue $71K · Total revenue $240K
30%
Investment reliance
Investment income $7 · Total revenue $240K
<0.01%
Program self-sufficiency
Program service revenue $71K · Total expenses $308K
23%
Growth & trend
Revenue growth (YoY)
This year $240K · Prior year $320K
-25%
Net-asset trend (YoY)
End of year $35K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $240K · Expenses $308K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $48K
Net-asset ratio
Net assets $35K · Total assets $48K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $48K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Diogo Pereira · Reported title SECRETARY/EX · Highest reported compensation $90K · Total expenses $308K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $236K · Total expenses $308K
77%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth -25%
Accounting fee ratio 5%

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 · FY2024
See all 7 funders →

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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
FY2024$240K revenue · viewing · ⤓ 990 PDF
FY2023$320K revenue · ⤓ 990 PDF
FY2022$251K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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