Volta Music Foundation

Nurturing Lives Through Music

POMPANO BEACH, FL | https://www.voltamusicfoundation.org/

GuideStar Charity Check

EIN: 83-2167948

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

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Charity Check report

Mission

Volta Music Foundation’s mission is to provide students in underserved communities the opportunity to advance their musical careers through various educational programs and talent development opportunities while building a worldwide support network that empowers young musicians from these communities to reach their full potential.

Ruling year info

2018

Founder, President & CEO

Yalyen Savignon

Main address

PO BOX 668092

POMPANO BEACH, FL 33069 USA

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EIN

83-2167948

Subject area info

Arts education

Composition

Musical ensembles and groups

Orchestral music

Performing arts education

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Population served info

People of African descent

People of Latin American descent

Multiracial people

NTEE code info

Music (A68)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Afterschool Music Program

Volta Music Foundation’s After-School Program gives students in Title I schools the opportunity to benefit from music education. Music education has been defunded in many of these schools due to a lack of resources. Students enrolled in Volta’s after-school programs receive musical instruction, instruments, and classroom materials.
Students have access to a variety of classes, including:
Group Instrumental Lessons and Choir Classes
Music History, Theory, and Composition Classes
Community Building Sessions with Guests Artists
Volta’s After School Program meets three times a week on Mondays, Wednesdays, and Fridays from 4:00 pm – 6:00 pm in group sessions at participating schools or using the Volta Music Foundation Google Classroom from home. Lessons are divided into two sessions of 50 minutes, each with a 10-minute break. These programs have a duration of 11-12 weeks per semester.

Population(s) Served

Multiracial people

People of Latin American descent

At-risk youth

Economically disadvantaged people

Immigrants and migrants

Where we work

Awards

Best Non Profit of the Year in the Arts Category 2023

211 Broward Community care plan no profit Awards

External reviews

Photos

Videos

Financials

Volta Music Foundation

Fiscal year: Jan 01 - Dec 31

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Volta Music Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$4,690
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$4,690

Expenses
Grants	$4,712
Salaries & Employee Benefits	$0
Professional Fees	$375
Occupancy	$0
Printing, Publications, Postage, etc.	$0
Other Expenses	$841
Total Expenses	$5,928
Net Gain/Loss	($1,238)

Revenue
Contributions	$13,923
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$13,923

Expenses
Grants	$0
Salaries & Employee Benefits	$0
Professional Fees	$150
Occupancy	$0
Printing, Publications, Postage, etc.	$3,522
Other Expenses	$0
Total Expenses	$3,672
Net Gain/Loss	$10,251

Revenue
Contributions	$67,374
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$67,374

Expenses
Grants	$1,250
Salaries & Employee Benefits	$0
Professional Fees	$22,030
Occupancy	$0
Printing, Publications, Postage, etc.	$726
Other Expenses	$4,727
Total Expenses	$28,733
Net Gain/Loss	$38,641

Revenue
Contributions	$110,707
Program Services	$0
Investments	$4
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$110,711

Expenses
Grants	$0
Salaries & Employee Benefits	$11,850
Professional Fees	$39,530
Occupancy	$1,409
Printing, Publications, Postage, etc.	$696
Other Expenses	$59,925
Total Expenses	$113,410
Net Gain/Loss	($2,699)

Volta Music Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Oct 04, 2018	Dec 31, 2018	Change
Contributions	$4,690
Cash & Equivalents	$0	$41	$41
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$0	$41	$41

Liabilities	Oct 04, 2018	Dec 31, 2018	Change
Total Liabilities	$0	$1,279	$1,279

Fund balance	Oct 04, 2018	Dec 31, 2018	Change
Net Assets	$0	($1,238)	($1,238)

Assets	Jan 01, 2019	Dec 31, 2019	Change
Contributions	$13,923
Cash & Equivalents	$41	$9,013	$8,972
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$41	$9,013	$8,972

Liabilities	Jan 01, 2019	Dec 31, 2019	Change
Total Liabilities	$1,279	$0	($1,279)

Fund balance	Jan 01, 2019	Dec 31, 2019	Change
Net Assets	($1,238)	$9,013	$10,251

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$67,374
Cash & Equivalents	$9,013	$47,654	$38,641
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$9,013	$47,654	$38,641

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Net Assets	$9,013	$47,654	$38,641

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$110,707
Cash & Equivalents	$47,654	$44,955	($2,699)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$47,654	$44,955	($2,699)

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Net Assets	$47,654	$44,955	($2,699)

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Founder, President & CEO

Yalyen Savignon

LinkedIn profile

Volta Music Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Volta Music Foundation

Board of directors
as of 05/10/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Yalyen Savignon

Elmar Oliveira

Laura Sinclair

Rene Males

Organizational demographics

SOURCE: Self-reported; last updated 5/10/2023

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Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

Hispanic/Latino/Latina/Latinx

Gender identity

Female

Sexual orientation

Decline to state

Disability status

Decline to state

Race & ethnicity

No data

Gender identity

No data

Sexual orientation

No data

Disability

No data

Volta Music Foundation

Nurturing Lives Through Music

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Afterschool Music Program

Where we work

Awards

Financials

Financial documents

Revenue vs. expenses: breakdown

Financial data

Digitizing IRS form 990 data

Volta Music Foundation

Volta Music Foundation

Operations

Documents

Founder, President & CEO

Yalyen Savignon

Volta Music Foundation

Compensation data

Volta Music Foundation

Board of directors data

Yalyen Savignon

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability