Soundscape Presents Inc in Brooklyn, New York (NY)

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Soundscape Presents Inc
Employer Identification Number (EIN)237133200
Name of OrganizationSoundscape Presents Inc
Address1614 10th Avenue 1st Floor, Brooklyn, NY 11215-5906
ActivitiesOther cultural or historical activities
SubsectionEducational Organization
Ruling Date01/1972
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$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$93,190
Amount of Income$74,137
Form 990 Revenue Amount$74,137
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2014: $74,137 (it was $94,874 in 2013)
This organization: 

 $74,137
Other organizations performing similar types of work: 

 $195,015

Assets in 2014: $93,190 (it was $101,943 in 2013)
This organization: 

 $93,190
Other organizations performing similar types of work: 

 $137,152

Expenses in 2014: $82,890
This organization: 

 $82,890
Other organizations performing similar types of work: 

 $181,390

Income to expenses ratio in 2014: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2014: 4.2%
This organization: 

 4.2%
Other organizations performing similar types of work: 

 49.7%

Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$132,774$94,874$74,137
Contributions, gifts, grants, and similar amounts received$5,214$8,740$3,100
Program service revenue including government fees and contracts$127,560$86,134$71,037
Membership dues and assessments$0$0$0
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$0$0$0
Total expenses$113,409$99,007$82,890
Total net assets$89,933$100,953$92,200
Excess/Deficit for the year$19,365$-4,133$-8,753
Net assets or fund balances at beginning of year$70,568$89,933$100,953
Other changes in net assets or fund balances$0$15,153$0
Net assets or fund balances at end of year$89,933$100,953$92,200
Balance Sheets
201220132014
Total assets$115,023$101,943$93,190
Total liabilities$25,090$990$990
Net assets or fund balances$89,933$100,953$92,200
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
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?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?YesYesYes
Total amount involved$25,090$990$990
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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
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 2010 - 2014)
2010 - 2014 Total
Public Support$30,979
Subtotal Support$30,979
Gifts, grants, contributions, and membership fees received$30,979
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$30,979
Public Support$30,979
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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$0
Gross receipts from related activities, etc.$410,002
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Dia Center For The Arts Inc535 W 22nd St Fl 4, New York, NY 10011-1119NY1974-09$71,479,920
2St Anns Warehouse Inc55 Washington St Ste 458, Brooklyn, NY 11201-1059NY1984-01$5,107,486
3Sesame Flyers International Inc3510 Church Ave, Brooklyn, NY 11203-2804NY1992-03$1,960,263
4Rye Art Center Inc51 Milton Rd, Rye, NY 10580-3854NY1962-06$1,175,476
5World Music Institute Inc101 Lafayette Street Suite 801, New York, NY 10013-4165NY1987-03$1,051,495
6Roxbury Arts Group IncPO BOX 93, Roxbury, NY 12474-0093NY1982-07$387,138
7Traditional Arts In Upstate New York53 Main St, Canton, NY 13617-1248NY1991-06$330,060
8The Jazz Gallery243 W End Ave Apt 914, New York, NY 10023-3670NY1997-07$321,636
9West Side Cultural Center Inc136 W 70th St Apt 1, New York, NY 10023-4434NY1988-04$106,978
10Soundscape Presents Inc1614 10th Avenue 1st Floor, Brooklyn, NY 11215-5906NY1972-01$74,137
11South Bristol Cultural Center Inc5323 Seneca Point Rd, Canandaigua, NY 14424NY1999-12$55,641
12Big Orbit Gallery Inc30 Essex St Rear D, Buffalo, NY 14213-2347NY1993-07$53,388
13Asian Society Of Arts Inc281 Park Avenue, Harrison, NY 10528-4346NY2009-06$12,240
14Society For The Preservation Of The Arts And Crafts Of Mankind Inc254 Rensselaer Ave, Staten Island, NY 10312-2952NY1981-05$3,300
15Bristol Springs Building Savers6522 W Gannett Hill Rd, Naples, NY 14512-9165NY1994-03$0
16Brooklyn Community Events IncProspect Park W, Brooklyn, NY 11215-6074NY1998-05$0
17First Night Rye Inc2 Topsail Lane, Rye, NY 10580NY1999-03$0
18Mbama Progressive Union Inc1730 Montgomery Ave Apt 4e, Bronx, NY 10453-6839NY1999-03$0
19Tea Party Inc12 Murray Pl, Staten Island, NY 10304-2120NY1999-10$0
20Yeh Yu Chinese Opera Assoc Inc279 Hampton Green, Staten Island, NY 10312NY1992-09$0
Number of organizations performing similar types of work
Alaska4
Alabama5
Arkansas8
Arizona9
California76
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida33
Georgia11
Hawaii12
Iowa6
Idaho2
Illinois20
Indiana5
Kansas10
Kentucky4
Louisiana11
Massachusetts31
Maryland19
Maine6
Michigan21
Minnesota15
Missouri11
Mississippi2
Montana7
North Carolina27
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York75
Ohio23
Oklahoma4
Oregon11
Pennsylvania38
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas34
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total720

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