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Musical Observations Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Music (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$105k (2023)

Expenses
$61.9k (2023)

Total Assets
$2.41M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$105,161
Expenses
$61,881
Net Income
$43,280
Net Assets
$2,410,001
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,000
38.0%
Program Services $896
0.9%
Investment Income $82,206
78.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$20,774
Net Inventory Sales $0
Other Revenue $2,833
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,410,001
Total Liabilities $0
Net Assets $2,410,001
Compensation
Key Employees and Officers Compensation Related Other
Andrew Zhou (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,407
Expenses
$42,615
Net Income
$74,792
Net Assets
$2,292,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,000
12.8%
Program Services $570
0.5%
Investment Income $55,052
46.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $45,138
38.4%
Net Inventory Sales $0
Other Revenue $1,647
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,292,781
Total Liabilities $0
Net Assets $2,292,781
Compensation
Key Employees and Officers Compensation Related Other
Andrew Zhou (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$119,572
Expenses
$40,873
Net Income
$78,699
Net Assets
$2,398,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,020
12.6%
Program Services $1,076
0.9%
Investment Income $49,372
41.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $50,062
41.9%
Net Inventory Sales $0
Other Revenue $4,042
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,398,896
Total Liabilities $459
Net Assets $2,398,437
Compensation
Key Employees and Officers Compensation Related Other
Ursula Oppens (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,302
Expenses
$45,125
Net Income
$3,177
Net Assets
$2,201,702
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,000
51.8%
Program Services $755
1.6%
Investment Income $49,738
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$27,679
Net Inventory Sales $0
Other Revenue $488
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,203,014
Total Liabilities $1,312
Net Assets $2,201,702
Compensation
Key Employees and Officers Compensation Related Other
Ursula Oppens (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,946
Expenses
$77,681
Net Income
$9,265
Net Assets
$2,142,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
57.5%
Program Services $1,298
1.5%
Investment Income $51,525
59.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$15,998
Net Inventory Sales $0
Other Revenue $121
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,143,046
Total Liabilities $464
Net Assets $2,142,582
Compensation
Key Employees and Officers Compensation Related Other
Ursula Oppens (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,196
Expenses
$99,434
Net Income
-$46,238
Net Assets
$1,956,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $107
0.2%
Program Services $981
1.8%
Investment Income $48,882
91.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,495
4.7%
Net Inventory Sales $0
Other Revenue $731
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,956,884
Total Liabilities $627
Net Assets $1,956,257
Compensation
Key Employees and Officers Compensation Related Other
Ursula Oppens (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,834,619
Expenses
$98,834
Net Income
$1,735,785
Net Assets
$2,068,934
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,779,608
97.0%
Program Services $1,130
0.1%
Investment Income $4,166
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $49,667
2.7%
Net Inventory Sales $0
Other Revenue $48
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $27,600
27.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,069,382
Total Liabilities $448
Net Assets $2,068,934
Compensation
Key Employees and Officers Compensation Related Other
Paul Zukofsky (President) $27,600 $0 $0
Ursula Oppens (Secretary/Treas) $0 $0 $0
Craig Pepples (President) $0 $0 $0
Jeffrey Twitchell Waas (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$38,343
Expenses
$84,530
Net Income
-$46,187
Net Assets
$318,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,000
60.0%
Program Services $1,044
2.7%
Investment Income $9,007
23.5%
Net Fundraising $0
Sales of Assets $5,292
13.8%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $321,950
Total Liabilities $3,480
Net Assets $318,470
Compensation
Key Employees and Officers Compensation Other
Paul Zukofsky (President) $0 $0
Ursula Oppens (Secretary) $0 $0
Rebecca Saidenberg (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$43,911
Expenses
$37,571
Net Income
$6,340
Net Assets
$355,010
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,000
63.8%
Program Services $1,794
4.1%
Investment Income $11,076
25.2%
Net Fundraising $0
Sales of Assets $3,041
6.9%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $358,878
Total Liabilities $3,868
Net Assets $355,010
Compensation
Key Employees and Officers Compensation Other
Paul Zukofsky (President) $0 $0
Ursula Oppens (Secretary) $0 $0
Rebecca Saidenberg (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$84,157
Expenses
$37,239
Net Income
$46,918
Net Assets
$389,145
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,646
83.9%
Program Services $2,336
2.8%
Investment Income $12,660
15.0%
Net Fundraising $0
Sales of Assets -$1,485
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $392,766
Total Liabilities $3,621
Net Assets $389,145
Compensation
Key Employees and Officers Compensation Other
Paul Zukofsky (President) $27,600 $0
Ursula Oppens (Secretary) $0 $0
Rebecca Saidenberg (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$51,064
Expenses
$44,217
Net Income
$6,847
Net Assets
$385,352
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,835
89.8%
Program Services $2,100
4.1%
Investment Income $4,521
8.9%
Net Fundraising $0
Sales of Assets -$1,392
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $389,063
Total Liabilities $3,711
Net Assets $385,352
Compensation
Key Employees and Officers Compensation Other
Paul Zukofsky (President) $34,500 $0
Ursula Oppens (Secretary) $0 $0
Rebecca Saidenberg (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$134,820
Expenses
$45,657
Net Income
$89,163
Net Assets
$350,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $121,302
90.0%
Program Services $1,901
1.4%
Investment Income $5,740
4.3%
Net Fundraising $0
Sales of Assets $5,877
4.4%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $355,884
Total Liabilities $5,495
Net Assets $350,389

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
-$1,671
Expenses
$47,271
Net Income
-$48,942
Net Assets
$250,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,547
Investment Income $5,172
Net Fundraising $0
Sales of Assets -$10,390
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $253,843
Total Liabilities $3,585
Net Assets $250,258

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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