Gloria Musicae Inc in Sarasota, Florida (FL)

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Gloria Musicae Inc
Employer Identification Number (EIN)591913814
Name of OrganizationGloria Musicae Inc
AddressPO BOX 52987, Sarasota, FL 34232-0325
ActivitiesSinging society or group, Cultural performances
SubsectionEducational Organization
Ruling Date04/1981
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$81,992
Amount of Income$307,617
Form 990 Revenue Amount$291,251


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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$97,300$141,323$173,534
Contributions, gifts, grants, and similar amounts received$62,919$92,933$102,147
Program service revenue including government fees and contracts$27,530$40,948$69,000
Membership dues and assessments$0$0$0
Investment income$61$5$4
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$5,531$5,553$398
Gross income from gaming$0$0$0
Gross income from fundraising events$8,097$6,630$2,050
Less: direct expenses from gaming and fundraising events$2,566$1,077$1,652
Gross profit/loss from sales of inventory$0$0$0
Other revenue$1,259$1,884$1,985
Total expenses$109,531$137,368$154,951
Total net assets$13,440$17,395$35,978
Excess/Deficit for the year$-12,231$3,955$18,583
Net assets or fund balances at beginning of year$25,671$13,440$17,395
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$35,978
Balance Sheets
201120122013
Total assets$13,890$18,235$36,934
Total liabilities$450$840$956
Net assets or fund balances$13,440$17,395$35,978
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$249,241
Subtotal Support$375,809
Gifts, grants, contributions, and membership fees received$375,809
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$126,568
Total Support$393,997
Public Support$375,809
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$229
Net income from unrelated business activities, whether or not the business is regularly carried on$13,134
Other income. Do not include gain or loss from the sale of capital assets$4,825
Gross receipts from related activities, etc.$137,478
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