Music Academy Of Eastern Carolina Inc in Greenville, North Carolina (NC)
Table of contents:
| Music Academy Of Eastern Carolina Inc | |
| Employer Identification Number (EIN) | 562019664 |
| Name of Organization | Music Academy Of Eastern Carolina Inc |
| In Care of Name | Cheryl Stephenson |
| Address | 811 Evans St, Greenville, NC 27834-3267 |
| Activities | Described in section 509(a)(2) of the Code, Other instruction and training |
| Subsection | Educational Organization |
| Ruling Date | 09/1997 |
| 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 | 06/2013 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (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 |
Non-representatives - add comments:
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% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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? | Yes | Yes | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 supported | 0 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kidznotes | 4 Hartford Ct, Durham, NC 27707 | NC | 2009-10 | $580,564 |
| 2 | Friends Of John Coltrane | PO BOX 2392, High Point, NC 27261-2392 | NC | 2010-07 | $191,187 |
| 3 | Jazz Arts Initiative | Po Box 32441, Charlotte, NC 28232 | NC | 2010-07 | $127,713 |
| 4 | Tosco Music Parties Inc | 4953 Albemarle Rd, Charlotte, NC 28205-6617 | NC | 1999-10 | $71,751 |
| 5 | Asheville Music School Sound Education | 126 College St, Asheville, NC 28801-3011 | NC | 2012-09 | $68,748 |
| 6 | Iredell Concert Association | Po Box 103, Statesville, NC 28687 | NC | 1999-01 | $68,431 |
| 7 | Art Of Cool Project | 7740 Acc Blvd, Raleigh, NC 27617 | NC | 2013-05 | $61,277 |
| 8 | Durham Jazz Workshop | 2610 University Dr, Durham, NC 27707-2862 | NC | 2012-09 | $44,853 |
| 9 | Western North Carolina Jazz Society | 146 Merrills Chase, Asheville, NC 28803-8701 | NC | 2003-12 | $41,411 |
| 10 | Music At St Albans | 418 Walnut St, Davidson, NC 28036-8061 | NC | 2014-07 | $36,738 |
| 11 | Wells Family Outreach Inc | 2678 Jack Rd, Clayton, NC 27520-8417 | NC | 2007-02 | $20,224 |
| 12 | Wake Forest Independent | 1834 Wake Forest Dr Music Dept, Winston-Salem, NC 27109-6000 | NC | 2012-06 | $13,893 |
| 13 | Boston Urban Music Project Inc, Bump The Triangle Bump | 504 W Chapel Hill St, Durham, NC 27701 | NC | 2006-11 | $9,199 |
| 14 | Charlotte Concert Band | 1900 Selwyn Avenue, Charlotte, NC 28274 | NC | 2011-05 | $7,248 |
| 15 | Woodys Original Mountain Music | 3354 Us 70 W, Marion, NC 28752-7440 | NC | 2013-07 | $6,418 |
| 16 | National Federation Of Music Clubs, Johnston County Music Association | Po Box 396, Middlesex, NC 27557 | NC | 2002-02 | $1,165 |
| 17 | Ad Astra Music Festival Inc | 606 Varsity Dr, Wilmington, NC 28403-8444 | NC | 2009-09 | $0 |
| 18 | Alliance For A Capella Initiatives | 6038 Kohler Ln, Raleigh, NC 27616-5484 | NC | 2007-06 | $0 |
| 19 | American Music Education Solutions | PO BOX 25099, Fayetteville, NC 28314-5001 | NC | 2010-08 | $0 |
| 20 | Amicimusic | 25 Brotherton Avenue, Asheville, NC 28806 | NC | 2012-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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