Music Academy Of Eastern Carolina Inc in Greenville, North Carolina (NC)

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Music Academy Of Eastern Carolina Inc
Employer Identification Number (EIN)562019664
Name of OrganizationMusic Academy Of Eastern Carolina Inc
In Care of NameCheryl Stephenson
Address811 Evans St, Greenville, NC 27834-3267
ActivitiesDescribed in section 509(a)(2) of the Code, Other instruction and training
SubsectionEducational Organization
Ruling Date09/1997
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,586
Amount of Income$112,225
Form 990 Revenue Amount$111,380
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Music


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Amount of income in 2013: $112,225 (it was $116,056 in 2012)
Music Academy Of Eastern Carolina Inc: 

 $112,225
Other organizations performing similar types of work: 

 $51,420

Assets in 2013: $14,586 (it was $23,640 in 2012)
This organization: 

 $14,586
Other organizations performing similar types of work: 

 $15,938

Expenses in 2013: $121,063
This organization: 

 $121,063
Other organizations performing similar types of work: 

 $45,736

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 4.6%
Music Academy Of Eastern Carolina Inc: 

 4.6%
Other organizations performing similar types of work: 

 5.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$117,422$116,056$111,380
Contributions, gifts, grants, and similar amounts received$11,570$7,605$5,121
Program service revenue including government fees and contracts$97,255$98,615$97,585
Membership dues and assessments$0$0$0
Investment income$5$3$4
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$6,521$9,833$8,670
Gross income from gaming$0$0$0
Gross income from fundraising events$9,177$11,212$9,515
Less: direct expenses from gaming and fundraising events$2,656$1,379$845
Gross profit/loss from sales of inventory$0$0$0
Other revenue$2,071$0$0
Total expenses$141,081$130,886$121,063
Total net assets$-39,750$-54,580$-64,263
Excess/Deficit for the year$-23,659$-14,830$-9,683
Net assets or fund balances at beginning of year$-16,091$-39,750$-54,580
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-54,580$-64,263
Balance Sheets
201120122013
Total assets$32,193$23,640$14,586
Total liabilities$71,943$78,220$78,849
Net assets or fund balances$-39,750$-54,580$-64,263
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
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?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?YesYes
Total amount involved$47,511$52,595
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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$99,260
Subtotal Support$99,260
Gifts, grants, contributions, and membership fees received$99,260
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$0
Total Support$154,773
Public Support$99,260
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$16,512
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$39,001
Gross receipts from related activities, etc.$102,764
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kidznotes4 Hartford Ct, Durham, NC 27707NC2009-10$580,564
2Friends Of John ColtranePO BOX 2392, High Point, NC 27261-2392NC2010-07$191,187
3Jazz Arts InitiativePo Box 32441, Charlotte, NC 28232NC2010-07$127,713
4Tosco Music Parties Inc4953 Albemarle Rd, Charlotte, NC 28205-6617NC1999-10$71,751
5Asheville Music School Sound Education126 College St, Asheville, NC 28801-3011NC2012-09$68,748
6Iredell Concert AssociationPo Box 103, Statesville, NC 28687NC1999-01$68,431
7Art Of Cool Project7740 Acc Blvd, Raleigh, NC 27617NC2013-05$61,277
8Durham Jazz Workshop2610 University Dr, Durham, NC 27707-2862NC2012-09$44,853
9Western North Carolina Jazz Society146 Merrills Chase, Asheville, NC 28803-8701NC2003-12$41,411
10Music At St Albans418 Walnut St, Davidson, NC 28036-8061NC2014-07$36,738
11Wells Family Outreach Inc2678 Jack Rd, Clayton, NC 27520-8417NC2007-02$20,224
12Wake Forest Independent1834 Wake Forest Dr Music Dept, Winston-Salem, NC 27109-6000NC2012-06$13,893
13Boston Urban Music Project Inc, Bump The Triangle Bump504 W Chapel Hill St, Durham, NC 27701NC2006-11$9,199
14Charlotte Concert Band1900 Selwyn Avenue, Charlotte, NC 28274NC2011-05$7,248
15Woodys Original Mountain Music3354 Us 70 W, Marion, NC 28752-7440NC2013-07$6,418
16National Federation Of Music Clubs, Johnston County Music AssociationPo Box 396, Middlesex, NC 27557NC2002-02$1,165
17Ad Astra Music Festival Inc606 Varsity Dr, Wilmington, NC 28403-8444NC2009-09$0
18Alliance For A Capella Initiatives6038 Kohler Ln, Raleigh, NC 27616-5484NC2007-06$0
19American Music Education SolutionsPO BOX 25099, Fayetteville, NC 28314-5001NC2010-08$0
20Amicimusic25 Brotherton Avenue, Asheville, NC 28806NC2012-01$0
Number of organizations performing similar types of work
Alaska8
Alabama45
Arkansas34
Arizona71
California623
Colorado120
Connecticut80
District of Columbia27
Delaware16
Florida242
Georgia110
Hawaii32
Iowa43
Idaho20
Illinois172
Indiana68
Kansas32
Kentucky44
Louisiana60
Massachusetts171
Maryland92
Maine33
Michigan156
Minnesota109
Missouri75
Mississippi23
Montana20
North Carolina111
North Dakota7
Nebraska26
New Hampshire23
New Jersey121
New Mexico43
Nevada29
New York466
Ohio125
Oklahoma33
Oregon102
Pennsylvania158
Rhode Island10
South Carolina59
South Dakota12
Tennessee84
Texas299
Utah38
Virginia128
Vermont23
Washington173
Wisconsin87
West Virginia26
Wyoming13
International8
Total4,730

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