Breathing Music Studios Inc
Nonprofit profile at a glance
- EIN
- 934592355
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Austin, TX, USA
- Phone
- 2316207964
- Rating confidence
- Limited
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $16,000
- Expenses
- $2,960
- Assets
- $18,650
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- EDWARD LIM (PRESIDENT)
People named in this filing
- EDWARD LIM (PRESIDENT)
- SONIA BIZE (CFO)
- YURIM LEE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In this pivotal moment in musical history, where the demand for streaming music is at an all-time high, musicians find themselves navigating new opportunities and challenges. With the surge in accessible music from streaming platforms, there's a parallel rise in the demand for recorded music. Recognizing this shift, "breathing music studio" is on a mission to uplift and educate the musicians of New York. We understand the distinct challenges that today's musicians face, especially in an industry that is constantly evolving, and where financial constraints can impede creative pursuits. In response to these challenges, our commitment is clear: we aim to make a positive impact on the musical community of ny; we provide musicians with a professional studio experience at an affordable cost, equipped with state-of-the-art facilities. Our commitment at "breathing music studio" goes beyond providing access to top-notch tools and spaces. We understand that the musical journey is dynamic, ever-c
What it reported doing in 2024
In this pivotal moment in musical history, where the demand for streaming music is at an all-time high, musicians find themselves navigating new opportunities and challenges. With the surge in accessible music from streaming platforms, there's a parallel rise in the demand for recorded music. Recognizing this shift, "breathing music studio" is on a mission to uplift and educate the musicians of New York. We understand the distinct challenges that today's musicians face, especially in an industry that is constantly evolving, and where financial constraints can impede creative pursuits. In response to these challenges, our commitment is clear: we aim to make a positive impact on the musical community of ny; we provide musicians with a professional studio experience at an affordable cost, equipped with state-of-the-art facilities. Our commitment at "breathing music studio" goes beyond providing access to top-notch tools and spaces. We understand that the musical journey is dynamic, ever-changing, and can be quite stressful. To address this, we offer comprehensive guidance and tailor-made mentorship programs that cater to the specific needs of artists in the New York music scene. We emphasize the importance of mindfulness when making music and taking a deep breath amidst the challenges, hence the name "breathing music studio". We hope to help musicians not only stay informed and adapt to industry changes but also to promote a healthy lifestyle, and mental health for all musicians by providing a friendly environment and a home-like space for the artists. At "breathing music studio," we stand ready to support local musicians at every stage of their musical journey, both physically and mentally.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 81.5%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 6.3; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 46.2% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 107.5% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Officer compensation ratio scored 56/100.