Talented Young Musicians Association Inc in Somerset, New Jersey (NJ)
Table of contents:
| Talented Young Musicians Association Inc | |
| Employer Identification Number (EIN) | 510545964 |
| Name of Organization | Talented Young Musicians Association Inc |
| In Care of Name | Mila Kozlova |
| Address | 46 Bolton Ct, Somerset, NJ 08873-4741 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 12/2005 |
| 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 | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $23,524 |
| Amount of Income | $46,099 |
| Form 990 Revenue Amount | $46,099 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2013: $46,099 (it was $30,505 in 2012)
| This organization: | $46,099 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2013: $23,524 (it was $14,102 in 2012)
| Talented Young Musicians Association Inc: | $23,524 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $36,677
| This organization: | $36,677 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 1.3
| Talented Young Musicians Association Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 30.6%
| Talented Young Musicians Association Inc: | 30.6% |
| 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 | $31,857 | $30,505 | $46,099 |
| Contributions, gifts, grants, and similar amounts received | $10,105 | $7,895 | $14,085 |
| Program service revenue including government fees and contracts | $9,945 | $1,310 | $8,737 |
| Membership dues and assessments | $875 | $900 | $1,150 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $10,932 | $20,400 | $22,127 |
| Total expenses | $20,760 | $27,944 | $36,677 |
| Total net assets | $11,541 | $14,102 | $23,524 |
| Excess/Deficit for the year | $11,097 | $2,561 | $9,422 |
| Net assets or fund balances at beginning of year | $444 | $11,541 | $14,102 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $14,102 | $23,524 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $11,541 | $14,102 | $23,524 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $11,541 | $14,102 | $23,524 |
| 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? | No | No | |
| Total amount involved | $0 | $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 | 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: (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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $155,170 |
| Subtotal | $155,170 |
| Gifts, grants, contributions, and membership fees received | $48,645 |
| 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 | $106,525 |
| 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 | $155,170 |
| Public support | $155,170 |
| 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 | World Piano Pedagogy Conference Inc | 100 Indian Rd, Wayne, NJ 07470-4968 | NJ | 1999-06 | $278,741 |
| 2 | Asbury Park Musical Heritage Foundation Inc | 1 Municipal Plaza, Asbury Park, NJ 07712 | NJ | 2011-09 | $126,254 |
| 3 | Somers Point Jazz Society Inc | PO BOX 329, Somers Point, NJ 08244-0329 | NJ | 2004-08 | $112,159 |
| 4 | Music Unites Inc | 24 Pheasant Run, Old Tappan, NJ 07675-7477 | NJ | 2009-11 | $103,860 |
| 5 | Madison Public Schools Music Association, Madison Music Association Mma | 170 Ridgedale Avenue, Madison, NJ 07940 | NJ | 1998-01 | $100,821 |
| 6 | Trilogy An Opera Company | 30 Howard Ct, Newark, NJ 07103-3455 | NJ | 2004-07 | $61,272 |
| 7 | Music In The Somerset Hills | PO BOX 729, Bernardsville, NJ 07924-0729 | NJ | 2011-01 | $60,086 |
| 8 | South Asian Music And Arts, Samaa | 2 Creekside Ct, N Brunswick, NJ 08902-4774 | NJ | 2011-09 | $57,271 |
| 9 | Verona Summer Music | 151 Fairview Ave, Verona, NJ 07044-1320 | NJ | 2000-10 | $56,520 |
| 10 | Talented Young Musicians Association Inc | 46 Bolton Ct, Somerset, NJ 08873-4741 | NJ | 2005-12 | $46,099 |
| 11 | Youth Music Group Inc | PO BOX 17327, Jersey City, NJ 07307-7327 | NJ | 2005-01 | $31,616 |
| 12 | Newspeak New Music Ensemble A Nj Nonprofit Corporation | 93 Clifton Terrace 5, Weehawken, NJ 07086 | NJ | 2008-12 | $27,031 |
| 13 | New Jersey Federation Of Music Clubs | 9 North Beverwyck Road, Lake Hiawatha, NJ 07034-2514 | NJ | 2013-11 | $26,828 |
| 14 | Pv Music Trio Inc | 304 Larch Avenue, Bogota, NJ 07603 | NJ | 2006-10 | $25,511 |
| 15 | Cherry Hill Youth Cheerleading A Nj Nonprofit Corporation | 904 Kingston Dr, Cherry Hill, NJ 08034 | NJ | 2012-01 | $24,987 |
| 16 | The@lawnside Music Studio Incorporated, Lawnside Music Studio | PO BOX 154, Lawnside, NJ 08045-0154 | NJ | 2013-01 | $20,450 |
| 17 | Music At Bunker Hill A Nj Non-Profit Corporation | 18 Stonehenge Drive, Sewell, NJ 08080 | NJ | 2008-12 | $18,915 |
| 18 | Whitehouse Wind Symphony | 14 Lamington Rd, Whitehouse Station, NJ 08889 | NJ | 2014-05 | $13,807 |
| 19 | Leonia Chamber Musicians Society Inc | PO BOX 473, Leonia, NJ 07605-0473 | NJ | 2009-09 | $10,915 |
| 20 | Ancora Music Festival A Nj Nonprofit Corporation | 12 Michael St, Iselin, NJ 08830-1923 | NJ | 2012-10 | $1,050 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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