Center Of Musical Studies Inc in Bethesda, Maryland (MD)

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Center Of Musical Studies Inc
Employer Identification Number (EIN)521962698
Name of OrganizationCenter Of Musical Studies Inc
In Care of NameAlexander Katsenelson
Address5402 Duvall Dr, Bethesda, MD 20816-1872
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date07/1997
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$545,384
Amount of Income$597,918
Form 990 Revenue Amount$597,918
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities:


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Amount of income in 2013: $597,918 (it was $443,280 in 2012)
Center Of Musical Studies Inc: 

 $597,918
Other organizations performing similar types of work: 

 $597,918

Assets in 2013: $545,384 (it was $392,623 in 2012)
Center Of Musical Studies Inc: 

 $545,384
Other organizations performing similar types of work: 

 $545,384

Expenses in 2012: $408,202
This organization: 

 $408,202
Other organizations performing similar types of work: 

 $408,202

Income to expenses ratio in 2012: 1.5
Center Of Musical Studies Inc: 

 1.5
Other organizations performing similar types of work: 

 1.5

Grants share in income in 2012: 1.3%
Center Of Musical Studies Inc: 

 1.3%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$443,280
Contributions, Gifts, Grants and Other Similar Amounts$5,698
Program Service Revenue$437,398
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$184
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$408,202
Compensation of current officers, directors, trustees, and key employees$83,000
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$325,202
Balance Sheet (for 2012)
Total assets$392,623
Total liabilities$10,770
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$10,770
Total net assets or fund balances$381,853
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
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