David Hochstein Memorial Music School Inc in Rochester, New York (NY)

Organization representatives - add corrected or new information about David Hochstein Memorial Music School Inc »

Non-representatives - add comments about David Hochstein Memorial Music School Inc»

David Hochstein Memorial Music School Inc
Employer Identification Number (EIN)160768758
Name of OrganizationDavid Hochstein Memorial Music School Inc
Address50 Plymouth Ave N, Rochester, NY 14614-1221
ActivitiesOther school related activities
SubsectionEducational Organization
Ruling Date02/1962
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 Period06/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,623,439
Amount of Income$4,296,205
Form 990 Revenue Amount$3,167,913
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Schools


Non-representatives - add comments:


CAPTCHA

Your IP address 3.144.48.135 will be logged.

Amount of income in 2014: $4,296,205 (it was $2,889,236 in 2013)
David Hochstein Memorial Music School Inc: 

 $4,296,205
Other organizations performing similar types of work: 

 $393,152

Assets in 2014: $8,623,439 (it was $8,293,232 in 2013)
This organization: 

 $8,623,439
Other organizations performing similar types of work: 

 $218,085

Expenses in 2014: $3,060,848
This organization: 

 $3,060,848
Other organizations performing similar types of work: 

 $434,489

Income to expenses ratio in 2014: 1.4
David Hochstein Memorial Music School Inc: 

 1.4
Other organizations performing similar types of work: 

 1.0

Number of employees in 2014: 164
This organization: 

 164
Other organizations performing similar types of work: 

 25

Employees paid over $100,000 in 2014: 0.6%
David Hochstein Memorial Music School Inc: 

 0.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 29.0%
This organization: 

 29.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoYesNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096282824
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return172170164
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$108,795$110,616$111,082
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$3,084$3,483$3,661
Total number of individuals who received more than $100,000 of reportable compensation from the organization111
Total number of independent contractors who received more than $100,000 of compensation from the organization110
Statement of Revenue
2011201220132014
Total revenue$3,157,349$2,923,000$2,889,236$3,167,913
Contributions, Gifts, Grants and Other Similar Amounts$526,136$899,089$634,460$917,623
Program Service Revenue$1,825,781$1,715,689$1,754,245$1,771,931
611600$1,715,689$1,754,245$1,771,931
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$86,881$98,117$111,601$130,691
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$122,771$120,147$112,267$113,545
Gross rents (Real / Personal)$118,763 / $4,008$111,701 / $8,446$106,791 / $5,476$107,975 / $5,570
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$118,763 / $4,008$111,701 / $8,446$106,791 / $5,476$107,975 / $5,570
Net gain/loss from sales of assets other than inventory$347,424$64,753$274,677$230,170
Gross amount from sales of assets other than inventory (Securities / Other)$3,456,299 / $0$1,423,674 / $0$1,934,477 / $0$1,339,013 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,108,875 / $0$1,358,921 / $0$1,659,800 / $0$1,108,843 / $0
Gain or (loss) (Securities / Other)$347,424 / $0$64,753 / $0$274,677 / $0$230,170 / $0
Net income/loss from fundraising events$5,683$-5,192$-14,647$-7,144
Gross income from fundraising events$36,640$26,759$10,101$11,779
Less: direct expenses$30,957$31,951$24,748$18,923
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$288$64$1,496$215
Gross sales of inventory, less returns and allowances$723$440$1,820$741
Less: cost of goods sold$435$376$324$526
Miscellaneous Revenue$242,385$30,333$15,137$10,882
611600$30,333$15,137$10,882
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$2,951,544$2,878,134$3,048,442$3,060,848
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$268,855$241,311$328,316
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$109,164$111,286$111,685$111,864
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$1,542,726$1,556,450$1,584,649$1,593,942
Pension plan accruals and contributions$0$0$0
Other employee benefits$40,850$48,115$53,441
Payroll taxes$143,861$156,085$155,287$152,309
Fees for services (non-employees)
Management$0$0$0
Legal$3,852$514$1,406
Accounting$0$14,975$15,400
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$11,669$23,352$19,902
Other$72,219$133,233$75,749
Advertising and promotion$26,700$57,003$46,951
Office expenses$75,471$74,237$70,307
Information technology$3,955$8,304$3,652
Royalties$0$0$0
Occupancy$272,038$292,873$275,150
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$27,191$24,165$10,899
Interest$16,746$14,947$13,101
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$185,349$192,326$191,640
Insurance$0$0$0
Other expenses$13,684$19,388$45,273
Other expenses$11,839$15,087$13,050
Other expenses$9,859$8,908$6,280
Other expenses$11,516$28,083$32,216
Balance Sheet
2011201220132014
Total assets$8,545,933$8,388,731$8,293,232$8,623,439
Cash - non-interest-bearing$119,719$21,170$91,905
Savings and temporary cash investments$114,225$174,990$128,068
Pledges and grants receivable, net$213,879$109,383$132,756
Accounts receivable, net$96,771$79,445$117,884
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$637$637$637
Prepaid expenses and deferred charges$33,533$33,165$36,587
Land, buildings, and equipment: cost or other basis$4,252,405$4,163,108$4,029,589
Investments - publicly traded securities$3,557,562$3,711,334$4,086,013
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$578,608$478,904$475,334$412,775
Accounts payable and accrued expenses$53,211$62,268$98,064
Grants payable$0$0$0
Deferred revenue$45,693$60,566$29,711
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$427,500$380,000$332,500$285,000
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$20,000$0
Total net assets or fund balances$7,967,325$7,909,827$7,817,898$8,210,664
Unrestricted net assets$6,345,014$6,302,539$6,543,974
Temporarily restricted net assets$390,387$329,858$449,989
Permanently restricted net assets$1,174,426$1,185,501$1,216,701
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$12,580,445
Subtotal$12,580,445
Gifts, grants, contributions, and membership fees received$3,586,719
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$8,872,781
Gross receipts from activities that are not an unrelated trade or business under section 513$120,945
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$13,943,297
Public support$12,580,445
Subtotal$1,056,177
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,046,019
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$10,158
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$306,675
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend David Hochstein Memorial Music School Inc to others? (optional)
  
Add photo of David Hochstein Memorial Music School Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1School Of American Ballet Inc70 Lincoln Center Plz Frnt 5, New York, NY 10023-6548NY1942-02$20,943,551
2Usdan Center For The Creative And Performing Arts420 E 79th St, New York, NY 10075-1472NY1974-11$13,615,857
3Professional Childrens School Inc132 W 60th St, New York, NY 10023-7402NY1934-10$10,813,022
4Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance129 W 67th St, New York, NY 10023-5915NY1964-12$10,724,103
5Society Of The Third Street Music School Settlement Inc235 E 11th St, New York, NY 10003-7305NY1942-12$7,021,035
6Society For Strings Inc1424 County Route 10, Westport, NY 12993-3203NY1952-12$5,745,823
7Hoff Barthelson Music School25 School Ln, Scarsdale, NY 10583-5634NY1959-03$5,225,631
8Diller-Quaile School Of Music Inc24 E 95th St, New York, NY 10128-0702NY1959-04$4,352,708
9School For Strings Inc419 W 54 Stt, New York, NY 10019NY1977-09$3,466,827
10Tada Theatre And Dance Alliance Inc15 West 28th Street, New York, NY 10001-6410NY1985-12$1,921,282
11Turtle Bay Music School Inc244 E 52nd St, New York, NY 10022-6201NY1935-12$1,830,509
12Stecher And Horowitz Foundation119 W 57th St Ste 1401, New York, NY 10019-2400NY2000-09$1,273,799
13T Schreiber Studio Inc151 West 26th St, New York, NY 10001-6810NY1973-10$1,179,024
14Victor Damico Institute Of Art, The Art BargePO BOX 1266, Amagansett, NY 11930-1266NY1974-04$213,194
15Together In Dance Inc A New Jersey Nonprofit Corp34 Windsor Place, Brooklyn, NY 11215NY2008-01$204,943
16Trumansburg Conservatory Of FinePO BOX 1053, Trumansburg, NY 14886-1053NY1982-12$139,425
17Dalcroze School Of Music129 W 67th St, New York, NY 10023-5915NY1937-07$0
18Major Music International Corporation105 Chestnut St, Lynbrook, NY 11429NY2008-05$0
19National Shakespeare Company Conservatory Inc, National Shakespeare ConservatoryPo Box 1324, New York, NY 10028NY1984-04$0
20On Stage Contemporary Theatre Arts IncPO BOX 745, Westbury, NY 11590-0745NY1994-01$0
Number of organizations performing similar types of work
Alaska1
Arizona2
California39
Colorado1
Connecticut10
District of Columbia5
Delaware2
Florida2
Georgia3
Hawaii3
Iowa1
Idaho1
Illinois10
Indiana1
Kentucky2
Massachusetts21
Maryland5
Maine7
Michigan6
Minnesota7
Missouri2
Montana1
North Carolina5
North Dakota1
Nebraska2
New Hampshire4
New Jersey12
New Mexico2
Nevada1
New York50
Ohio2
Oklahoma2
Oregon3
Pennsylvania17
Rhode Island1
Tennessee3
Texas10
Utah1
Virginia8
Vermont5
Washington10
Wisconsin6
Wyoming1
International2
Total280

NonProfitFacts.com is not associated with, endorsed by, or sponsored by David Hochstein Memorial Music School Inc and has no official or unofficial affiliation with David Hochstein Memorial Music School Inc