Cause IQ organization profile

Visible Music College

Visible Music College is a college based in Memphis, TN that was founded in 2000. As of 2019 they had $4.0 million in revenue and $10 million in assets.

Visible Music College will train and equip artists, technicians, and business professionals for service in the Christian Music industry or in service to a church.

Previous legal names or variations of their name include: Visible School.

EIN:

62-1861520

City:

Memphis

State:

Tennessee

Website:

visible.edu

Founded:

2000

Type:

501(c)(3)

NTEE:

B42: Undergraduate colleges

Revenue:

$4,047,590

Assets:

$10,833,809

Employees:

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Visible Music College

Three acadademic programs are offeered at Visible Music College, modern Music, Music business and Music production.

Form 990s for Visible Music College

Fiscal year ending	Date received by IRS	Form	PDF link
2019-06	Oct 2, 2020	990	View PDF
2018-06	Nov 4, 2019	990	View PDF
2017-06	Aug 7, 2018	990	View PDF
2016-06	May 31, 2017	990	View PDF
2015-06	Dec 18, 2015	990	View PDF
...and five more Form 990 PDFs

Financials for Visible Music College

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$744,910	$548,491	35.8%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$744,910	$548,491	35.8%

Field	2019	2018	% Change
Total grants, contributions, etc.	$744,910	$548,491	35.8%
Program services	$3,150,758	$2,226,095	41.5%
Investment income and dividends	$0	$0
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$52,450	$0	999%
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$99,472	$66,542	49.5%
Total revenues	$4,047,590	$2,841,128	42.5%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$0	$146,742	-100%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$2,334,359	$1,724,799	35.3%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$0	$0
Payroll taxes	$0	$0
Management fees	$0	$0
Legal fees	$0	$0
Accounting fees	$0	$0
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$37,090	$31,771	16.7%
Advertising and promotion	$100,842	$169,284	-40.4%
Office expenses	$124,781	$139,326	-10.4%
Information tech. expenses	$141,622	$150,686	-6.0%
Royalty expenses	$0	$0
Occupancy	$405,538	$330,599	22.7%
Travel	$97,797	$146,446	-33.2%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$286,788	$281,511	1.9%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$348,450	$331,205	5.2%
Insurance	$66,443	$61,141	8.7%
All other expenses	$73,477	$80,092	-8.3%
Total expenses	$4,017,187	$3,593,602	11.8%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$62,569	$41,781	49.8%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$653,310	$394,549	65.6%
Accounts receivable	$543,282	$276,803	96.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$50,414	$50,234	0.4%
Prepaid expenses and deferred charges	$0
Buildings, equipment, etc. post-depreciation	$9,489,449	$9,771,705	-2.9%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$34,785	$45,488	-23.5%
Total assets	$10,833,809	$10,580,560	2.4%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$135,700	$115,147	17.8%
Grants payable	$0	$0
Deferred revenue	$116,764	$125,012	-6.6%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$6,555,190	$6,344,649	3.3%
Other liabilities	$0	$0
Total liabilities	$6,807,654	$6,584,808	3.4%

Field	2019	2018	% Change
Unrestricted net assets	$4,026,155	$3,942,676	2.1%
Temporarily restricted net assets		$53,076	-94.8%
Permanently restricted net assets	$0	$0

Vendors for Visible Music College

Vendor	Services	Date
R Michael Labounty and Associates	Tax accounting; Audit accounting	2020-04-20
███████ ███ ████	Fundraising software; Payment processing	2020-04-01
█████████	Content management system software	2020-04-01
█████████	Marketing software	2020-04-01
██████ ███	Software	2018-09-09

Personnel at Visible Music College

Name	Title	Compensation	Most recent data
Ben Rawley	Vice President of Business	-	Jan. 10, 2020
Ken Steorts	President	$121,621	Oct. 2, 2020
██████ ██████	Secretary	$0	June 30, 2019
████████ █████	Treasurer	$0	June 30, 2019
█████ ███████	Chair	$0	June 30, 2019
█████ ██████	Vice Chair	$0	June 30, 2019

Peer undergraduate colleges

	Name	Type	Revenue	Location
1	Hiwassee College	501(c)(3)	$6.8 million	Alcoa, TN
2	Welch College	501(c)(3)	$10 million	Gallatin, TN
3	O'More College of Design	501(c)(3)	$4.3 million	Franklin, TN
4	American Baptist College (ABC)	501(c)(3)	$4.0 million	Nashville, TN
5	Bellin College	501(c)(3)	$12 million	Green Bay, WI
6	San Diego Christian College (SDC)	501(c)(3)	$17 million	Santee, CA
7	Sterling College	501(c)(3)	$10 million	Craftsbury Common, VT
8	College of Biblical Studies - Houston	501(c)(3)	$8.0 million	Houston, TX
9	New Hope Christian College	501(c)(3)	$3.6 million	Eugene, OR
10	East West University	501(c)(3)	$10 million	Chicago, IL
11	Voorhees College	501(c)(3)	$16 million	Denmark, SC
12	Eureka College (EC)	501(c)(3)	$14 million	Eureka, IL
13	Saint Joseph's College (SJC)	501(c)(3)	$16 million	Rensselaer, IN
14	Blackburn College	501(c)(3)	$18 million	Carlinville, IL
15	The Thomas More College of Liberal Arts	501(c)(3)	$4.0 million	Merrimack, NH
16	Boise Bible College (BBC)	501(c)(3)	$3.8 million	Boise, ID
17	Montserrat College of Art	501(c)(3)	$15 million	Beverly, MA
18	Pennsylvania College of Art and Design (PCA&D)	501(c)(3)	$7.3 million	Lancaster, PA
19	Trinity College of Florida	501(c)(3)	$2.9 million	Trinity, FL
20	Southwestern Christian University	501(c)(3)	$12 million	Bethany, OK
21	Providence Christian College	501(c)(3)	$10 million	Pasadena, CA
22	Wilberforce University Wilberforce University	501(c)(3)	$16 million	Wilberforce, OH
23	Boricua College	501(c)(3)	$9.3 million	New York, NY
24	Mid-Atlantic Christian University	501(c)(3)	$4.9 million	Elizabeth City, NC
25	Davis College	501(c)(3)	$4.2 million	Johnson City, NY

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Cause IQ organization profile

Visible Music College

Program areas at Visible Music College

Form 990s for Visible Music College

Financials for Visible Music College

Vendors for Visible Music College

Personnel at Visible Music College

Peer undergraduate colleges

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