#TNM The New Music Movement of Love on the Web Inc
Nonprofit profile at a glance
- EIN
- 460536174
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Sanford, FL, USA
- Phone
- 7178108896
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $2,311
- Expenses
- $2,009
- Assets
- $499,052
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Felicia McCloud (CEO)
People named in this filing
- Felicia McCloud (CEO)
- Frank Rego (VP)
- Cassandra James (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
"The New Music Movement (TNM) supports underrepresented creators and businesses in the music industry by providing education, mentorship, management assistance, and resources tailored to those facing financial or systemic barriers. TNM empowers its members through innovative programs, including the Music Business Accelerator, lifetime mentorship, and affordable creative services, ensuring they have access to opportunities for sustainable careers."
What it reported doing in 2025
Music Business Accelerator Program Services Provided: Music Business & Career Education, Financial Literacy Class, Mentorship, Management Assistance, and Career resources for underrepresented creators. Beneficiaries: 100 participants annually. Impact: Enabled creators to access professional services, grow careers, and increase income
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.9%; rating input score 87
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 13.1%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 248.41; rating input score 100; 100th 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: 1.9% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: -64% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 149.4% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 86.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $2K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- 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.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.