2025-04-18T08:31:28-04:00 2024-06-30 812979526 NEWSOM AND ASSOCIATES PA 12740 ATLANTIC BLVD STE 7 JACKSONVILLE FL 32225 990 2023-07-01 621861520 VISIBLE MUSIC COLLEGE VISI 9014624137 200 MADISON AVENUE MEMPHIS TN 38103 KEN STEORTS PRESIDENT 9013813939 2025-04-17 true true C SCOTT NEWSOM P00231843 9043200572 2025-04-17 2023 2025-03-06 01:10:19Z KEN STEORTS 200 MADISON AVENUE MEMPHIS TN 38103 4155831 false X WWW.VISIBLE.EDU X 2000 TN 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. 10 10 75 0 1196116 755154 3515551 3400677 0 0 4711667 4155831 0 0 2102235 1874753 0 0 3827027 3696176 5929262 5570929 -1217595 -1415098 9599198 9605884 8340089 9758375 1259109 -152491 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. false false 2659578 SEVERAL ACADEMIC PROGRAMS ARE OFFERED AT VISIBLE MUSIC COLLEGE: MODERN MUSIC, MUSIC BUSINESS, MUSIC PRODUCTION, CREATIVE LEADERSHIP, ACTING, DANCE, FULL STACK WEB DEVELOPMENT. 2659578 true false false false false false false false false true true false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 75 true false false false false false false false false X 10 10 false false false false false false false true true false false false true false true true false true false false TN X BEN RAWLEY 9013813939 200 MADISON AVENUE MEMPHIS TN 38103 X PAULA BEASLEY CHAIR 4.00 X X 0 0 0 MICHAEL COOPER DIRECTOR 4.00 X 0 0 0 JOHN DUDAS DIRECTOR 4.00 X 0 0 0 LEE GIBSON DIRECTOR 4.00 X 0 0 0 SARAH HAIZLIP DIRECTOR 4.00 X 0 0 0 CAMERON HARVEY DIRECTOR 4.00 X 0 0 0 JOY JOHNSON DIRECTOR 4.00 X 0 0 0 STEVE MCINTYRE DIRECTOR 4.00 X 0 0 0 WILL NORRIS SECRETARY 4.00 X X 0 0 0 SHEILA WHALUM DIRECTOR 4.00 X 0 0 0 KEN STEORTS PRESIDENT 60.00 X 0 0 0 false false false 755154 755154 PROGRAM TUITION AND FEES 611600 3400677 3400677 3400677 4155831 3400677 X 149400 149400 1588491 1311966 276525 23375 18700 4675 113487 90790 22697 180335 180335 742785 742785 329518 307 329211 6148 6148 71425 71425 231116 63191 167925 21197 21197 1381912 1381912 240000 240000 79422 79422 BAD DEBTS 185398 185398 EDUCATIONAL MATERIALS 87320 79422 7898 MISCELLANEOUS 80868 69127 11741 ACCREDITATION 38077 38077 20655 3191 17464 5570929 2659578 2911351 0 428016 570759 200000 204200 281991 368057 33417 38545 7500 13104 12052443 3652712 8637374 8399731 10900 11488 9599198 9605884 674306 1543497 7665783 7790724 424154 8340089 9758375 X 1259109 -152491 1259109 -152491 9599198 9605884 -1415098 3498 X false true X true true true X false false 344729 344729 10153982 2806214 7347768 1553732 846498 707234 8399731 OTHER LONGTERM LIABILITIES 424154 424154 4155831 4155831 4155831 5570929 5570929 5570929 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE INFORMATION IS PUBLISHED IN THE SCHOOL'S CATALOG THAT IS GIVEN TO ALL PROSPECTIVE STUDENTS. SCHEDULE E, LINE 6 THE INSTITUTION PARTICIPATES IN THE STUDENT FINANCIAL AID PROGRAMS OF TITLE IV ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION. FORM 990 FOR THE YEAR JUNE 30, 2024, WHILE OPERATING REVENUES DECREASED, OPERATING EXPENSES DECREASED AS WELL, WHICH RESULTED IN OPERATIONAL PROFITS OF 155,602. THE ORGANIZATION'S OVERALL LOSS IS A RESULT FROM NON- OPERATIONAL CHARGES FROM DEPRECIATION OF 240,000 AND INTEREST EXPENSE OF 1,327,202. MANAGEMENT IS EXPLORING REDUCING THE DEBT LOAD BY REDUCING THE FINANCED ASSETS. FORM 990, PAGE 6, PART VI, LINE 11B THE INSTITUTION'S PROCESS IS FOR THE BOARD OF TRUSTEES AND FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ENFORCEMENT OF CONFLICTS POLICY VISIBLE MUSIC COLLEGE AIMS TO BE CLEAR OF ANY HINT OF IMPROPER HANDLING OF BUSINESS. ANY STAFF MEMBER WHO WISHES TO DISCLOSE AN ILLEGAL ACTIVITY MAY DO SO TO THE PRESIDENT OF THE COLLEGE WITHOUT REPERCUSSION RELATED TO THEIR JOB. IF THE ILLEGAL ACTIVITY INVOLVES THE PRESIDENT, HE OR SHE MAY APPROACH THE CHAIR OF THE BOARD OF TRUSTEES IN WRITING WITHOUT FEAR OF DISMISSAL. SEPARATE FROM THE STANDARD GRIEVANCE POLICY, A PERSON WHO CONSIDERS THEMSELVES TO HAVE PROOF OF AN ILLEGAL ACTIVITY AT THE COLLEGE MAY APPROACH THE PRESIDENT OR BOARD CHAIR WITH THIS INFORMAITON DIRECTLY. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT OF THE INSTITUTION APPROVES THE SALARIES AND COMPENSATION OF EACH DEPARTMENT HEAD. EACH DEPARTMENT HEAD APPROVES THE SALARIES AND COMPENSATION OF THEIR SUBORDINATES. THE PRESIDENT'S SALARY IS REVIEWED BY THE BOARD OF TRUSTEES AND/OR THEIR FINANCE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THE INSTITUTION MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGHT GUIDESTAR OR UPON REQUEST FROM THE PUBLIC. FORM 990, PART IX, LINE 11G CONTRACT EXPENSE 742,785 0 0