Verdugo Young Musicians A California Non-Profit Corporation in La Crescenta, California (CA)
Table of contents:
| Verdugo Young Musicians A California Non-Profit Corporation | |
| Employer Identification Number (EIN) | 912155345 |
| Name of Organization | Verdugo Young Musicians A California Non-Profit Corporation |
| Address | PO BOX 8343, La Crescenta, CA 91224-0343 |
| Subsection | Educational Organization |
| Ruling Date | 07/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $48,427 |
| Amount of Income | $171,054 |
| Form 990 Revenue Amount | $171,054 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Symphony Orchestras |
Non-representatives - add comments:
Amount of income in 2014: $171,054 (it was $180,402 in 2013)
| This organization: | $171,054 |
| Other organizations performing similar types of work: | $68,125 |
Assets in 2014: $48,427 (it was $36,805 in 2013)
| This organization: | $48,427 |
| Other organizations performing similar types of work: | $23,902 |
Expenses in 2014: $167,608
| This organization: | $167,608 |
| Other organizations performing similar types of work: | $63,787 |
Income to expenses ratio in 2014: 1.0
| Verdugo Young Musicians A California Non-Profit Corporation: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 19.3%
| Verdugo Young Musicians A California Non-Profit Corporation: | 19.3% |
| Other organizations performing similar types of work: | 50.3% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $149,020 | $181,953 | $180,402 | $171,054 |
| Contributions, gifts, grants, and similar amounts received | $74,678 | $97,783 | $93,353 | $32,971 |
| Program service revenue including government fees and contracts | $3,502 | $26,880 | $31,874 | $69,002 |
| Membership dues and assessments | $70,840 | $57,290 | $55,175 | $69,081 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $137,015 | $177,204 | $175,397 | $167,608 |
| Total net assets | $7,007 | $25,137 | $30,142 | $33,588 |
| Excess/Deficit for the year | $12,005 | $4,749 | $5,005 | $3,446 |
| Net assets or fund balances at beginning of year | $-4,998 | $20,388 | $25,137 | $30,142 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $25,137 | $30,142 | $33,588 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $7,007 | $40,435 | $36,805 | $48,427 |
| Total liabilities | $0 | $15,298 | $6,603 | $14,839 |
| Net assets or fund balances | $7,007 | $25,137 | $30,142 | $33,588 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $851,950 |
| Subtotal | $815,950 |
| Gifts, grants, contributions, and membership fees received | $815,950 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $815,950 |
| Public support | $815,950 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Symphony Silicon Valley | PO BOX 790, San Jose, CA 95106-0790 | CA | 2004-03 | $3,393,890 |
| 2 | San Luis Obispo County Symphony Association Incorporated | PO BOX 658, Sn Luis Obisp, CA 93406-0658 | CA | 1979-07 | $1,426,666 |
| 3 | San Diego Symphony Foundation | 1245 7th Ave, San Diego, CA 92101-4302 | CA | 2003-01 | $1,196,033 |
| 4 | San Jose Youth Symphony | 595 Park Ave Ste 302, San Jose, CA 95110-2641 | CA | 2002-05 | $618,625 |
| 5 | Los Angeles Youth Orchestra | 4924 Balboa Blvd 162, Encino, CA 91316 | CA | 2009-07 | $297,695 |
| 6 | Verdugo Young Musicians A California Non-Profit Corporation | PO BOX 8343, La Crescenta, CA 91224-0343 | CA | 2004-07 | $171,054 |
| 7 | Elemental Strings | 1831 Stanford Street Suite 111, Santa Monica, CA 90404-4117 | CA | 2010-11 | $168,541 |
| 8 | San Diego Young Artists Symphony Orchestra | 7777 Alvarado Rd Ste 311, La Mesa, CA 91942-8272 | CA | 1995-07 | $140,707 |
| 9 | Thousand Oaks Philharmonic | 1304 Marian Ave, Thousand Oaks, CA 91360-2157 | CA | 2001-11 | $137,922 |
| 10 | Praise Symphony Orchestra Inc | 1015 E Culver Ave, Orange, CA 92866 | CA | 2008-11 | $134,284 |
| 11 | Magik Magik Orchestra | 1388 Sutter St, San Francisco, CA 94109-5427 | CA | 2012-03 | $133,175 |
| 12 | San Francisco Sinfonietta Orchestra | 832 York St, San Francisco, CA 94110-2843 | CA | 1997-12 | $122,561 |
| 13 | Dream Orchestra Inc | 3435 Wilshire Blvd, Los Angeles, CA 90010-1901 | CA | 2012-02 | $117,427 |
| 14 | Orchestra Santa Monica | PO BOX 1763, Santa Monica, CA 90406-1763 | CA | 2012-11 | $116,754 |
| 15 | Susanville Symphony Society | 1740 Main St Ste A, Susanville, CA 96130-4578 | CA | 2004-05 | $104,639 |
| 16 | Santa Barbara Strings | 1985 Viborg Road, Solvang, CA 93463 | CA | 2011-05 | $80,259 |
| 17 | Ukiah Symphony Association | PO BOX 892, Ukiah, CA 95482-0892 | CA | 2015-03 | $76,303 |
| 18 | South Valley Symphony Association Inc, South Valley Symphony | Po Box 1347, Gilroy, CA 95021 | CA | 1980-05 | $70,670 |
| 19 | East County Youth Symphony | 339 Hart Dr, El Cajon, CA 92021-4567 | CA | 2007-01 | $66,622 |
| 20 | Armenian Philharmonic Orchestra Foundation | 14140 Ventura Blvd, Sherman Oaks, CA 91423-2774 | CA | 2013-11 | $55,000 |
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