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VOLTA MUSIC FOUNDATION INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
VOLTA MUSIC FOUNDATION INC (EIN 83-2167948)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-04
IRS object ID
202231249349200403
Schema version
2021v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-04T04:11:49-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821659329PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALEXIS FROMETA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13191 CORAL WAY STE 404AAddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33145ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832167948EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VOLTA MUSIC FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVOLTBusinessNameControlTxt
Phone3059107230PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12318 S CYPRESS BEND DR 125AddressLine1Txt
CityPOMPANO BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33069ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYALYEN SAVIGNONPersonNm
Person TitleEXECUTIVE & ARTISTIC DIRECTORPersonTitleTxt
Phone3059107230PhoneNum
Signature2022-03-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstYALYENPersonFirstNm
Person LastSAVIGNONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEXIS FROMETAPreparerPersonNm
PTINP01418802PTIN
Phone3053191071PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresshttps://www.voltamusicfoundation.org/WebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$110,711GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$110,707ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$4InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$110,711TotalRevenueAmt
Benefits Paid To Or For Members$14,800BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$11,850SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$39,530FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,409OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$696PrintingPublicationsPostageAmt
Other Expenses Total$45,125OtherExpensesTotalAmt
Total Expenses$113,410TotalExpensesAmt
Excess Or Deficit For Year-$2,699ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$47,654NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$44,955NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$47,654BOYAmt
EOY$44,955EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$47,654BOYAmt
EOY$44,955EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$47,654BOYAmt
EOY$44,955EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeThe organization seeks to enrich the development of classical music education in Latin American countries by donating needed supplies and by providing training on maintenance and repair of instruments.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
Volta Music Foundation's After-School Program gives students in Title I schools the opportunity to benefit from music educationStudents enrolled in Volta's after-school programs receive musical instruction, instruments, and classroom materials.This program meets Mon, Wed, and Fri 4:00pm-6:00pm in group sessions at participating schools or using the VMF Google Classroom from home$55,354$22,850
Volta Music Foundation prepares Latin American students for study abroad opportunities in the United States.Cultural exchange visits, we identify talented Latin American musicians and pair them with Universities and Conservatoriesin the United States and in some cases sponsor the students.$17,000$10,684
The project scope is for an introductory Diversity Equity and InclusionI/Culturally Responsive Education training/learning plan that will consist of a series of 4 virtual 90 min trainings for Volta staff.$5,000$2,500
FieldValueIRS element (for citing)
Total Program Service Expenses$36,034TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
YALYEN SAVIGNON
EXECUTIVE & ARTISTIC DIRECTOR28.00$14,800$0$0
RENE H MALES
TREASURER1.00$0$0$0
EMILY S DANSON
SECRETARY0.50$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonYALYEN SAVIGNONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12318 SOUTH CYPRESS BEND 125AddressLine1Txt
CityPOMPANO BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33069ZIPCd
FieldValueIRS element (for citing)
Phone7869107230PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind
Other Support Sum$0OtherSupportSumAmt
Public Support CY1700PublicSupportCY170Pct

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$4,690CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$13,923CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$67,374CurrentTaxYearMinus1YearAmt
Current Tax Year$110,707CurrentTaxYearAmt
Total$196,694TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$4,690CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$13,923CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$67,374CurrentTaxYearMinus1YearAmt
Current Tax Year$110,707CurrentTaxYearAmt
Total$196,694TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$196,694PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$196,694TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (18 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990EZ, Part I, Line 16ADVERTISING & PROMOTION EXPENSES 4797.
Form 990EZ, Part I, Line 16AUTOMOBILE 241.
Form 990EZ, Part I, Line 16BANK CHARGES 69.
Form 990EZ, Part I, Line 16COMMUNICATION EXPENSE 1830.
Form 990EZ, Part I, Line 16DUES & SUBSCRIPTIONS 118.
Form 990EZ, Part I, Line 16INCENTIVES & EMPLOYEES 390.
Form 990EZ, Part I, Line 16INSURANCE EXPENSES 565.
Form 990EZ, Part I, Line 16MATERIAL & SUPPLIES 8176.
Form 990EZ, Part I, Line 16MEALS 867.
Form 990EZ, Part I, Line 16MUSIC SUPPLIES 5871.
Form 990EZ, Part I, Line 16PAYROLL PROCESSING 2028.
Form 990EZ, Part I, Line 16PAYROLL TAX 2918.
Form 990EZ, Part I, Line 16SPONSORSHIP 10684.
Form 990EZ, Part I, Line 16STUDENT EXPENSE 1603.
Form 990EZ, Part I, Line 16TAXES & LICENSES 19.
Form 990EZ, Part I, Line 16TRAVEL EXPENSES 2831.
Form 990EZ, Part I, Line 16WEBSITE DOMAIN EXPENSES 2118.
Form 990EZ, Part II, Line 26LOAN FROM MEMBERS

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