Taconic Opera Inc in Peekskill, New York (NY)
Table of contents:
| Taconic Opera Inc | |
| Employer Identification Number (EIN) | 133986191 |
| Name of Organization | Taconic Opera Inc |
| In Care of Name | Dan Montez |
| Address | 9 Stacey Ct, Peekskill, NY 10566-2502 |
| Activities | Described in section 509(a)(2) of the Code, Singing society or group |
| Subsection | Educational Organization |
| Ruling Date | 05/1998 |
| 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 | 06/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,776 |
| Amount of Income | $97,011 |
| Form 990 Revenue Amount | $94,874 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Opera |
Non-representatives - add comments:
Amount of income in 2014: $97,011 (it was $147,823 in 2013)
| Taconic Opera Inc: | $97,011 |
| Other organizations performing similar types of work: | $326,346 |
Assets in 2014: $5,776 (it was $8,701 in 2013)
| This organization: | $5,776 |
| Other organizations performing similar types of work: | $157,818 |
Expenses in 2014: $100,012
| Taconic Opera Inc: | $100,012 |
| Other organizations performing similar types of work: | $318,256 |
Income to expenses ratio in 2014: 1.0
| Taconic Opera Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 50.7%
| Taconic Opera Inc: | 50.7% |
| Other organizations performing similar types of work: | 54.6% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $150,407 | $147,823 | $94,874 | |
| Contributions, gifts, grants, and similar amounts received | $74,066 | $51,868 | $48,120 | |
| Program service revenue including government fees and contracts | $77,061 | $86,553 | $41,959 | |
| 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 | $809 | $-720 | $1,433 | $916 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $480 | $3,020 | $3,053 | |
| Less: direct expenses from gaming and fundraising events | $1,200 | $1,587 | $2,137 | |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | |
| Other revenue | $0 | $7,969 | $3,879 | |
| Total expenses | $154,923 | $128,701 | $100,012 | |
| Total net assets | $-23,509 | $-4,387 | $-9,524 | |
| Excess/Deficit for the year | $-4,516 | $19,122 | $-5,138 | |
| Net assets or fund balances at beginning of year | $-18,993 | $-23,509 | $-4,386 | |
| Other changes in net assets or fund balances | $0 | $0 | $0 | |
| Net assets or fund balances at end of year | $-9,308 | $-4,387 | $-9,524 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $17,774 | $9,663 | $8,701 | $5,776 |
| Total liabilities | $36,766 | $33,172 | $13,088 | $15,300 |
| Net assets or fund balances | $-23,509 | $-4,387 | $-9,524 | |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | Yes | |
| Total amount involved | $10,100 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| 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 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $274,791 |
| Subtotal Support | $275,503 |
| Gifts, grants, contributions, and membership fees received | $275,503 |
| 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 | $712 |
| Total Support | $289,380 |
| Public Support | $275,503 |
| 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 | $13,877 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $679,643 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Metropolitan Opera Association Inc | 30 Lincoln Cntr Plz, New York, NY 10023-6922 | NY | 1940-10 | $377,821,949 |
| 2 | Metropolitan Opera Guild Inc | 70 Lincoln Center, New York, NY 10023-6548 | NY | 1938-08 | $23,949,630 |
| 3 | New York City Opera Inc | PO BOX 3034, New York, NY 10016 | NY | 1979-08 | $17,054,891 |
| 4 | San Diego Opera Association | 233 A St Ste 500, San Diego, CA 92101-4095 | CA | 1959-10 | $15,463,585 |
| 5 | Sarasota Opera Association Inc | 50 Central Avenue, Sarasota, FL 34236-5746 | FL | 1970-11 | $11,228,400 |
| 6 | Glimmerglass Opera Theatre Inc | PO BOX 191, Cooperstown, NY 13326-0191 | NY | 1975-12 | $10,785,366 |
| 7 | The Atlanta Opera Inc | 1575 Northside Dr Nw Ste 350, Atlanta, GA 30318-4210 | GA | 1979-11 | $9,528,938 |
| 8 | Tri-Cities Opera Company Inc | 315 Clinton St, Binghamton, NY 13905-2017 | NY | 1959-05 | $958,362 |
| 9 | Lake George Opera Festival Association Inc | 19 Roosevelt Dr Ste 215, Saratoga Spgs, NY 12866-6209 | NY | 1964-07 | $878,452 |
| 10 | American Opera Projects Inc | 138 South Oxford Street, Brooklyn, NY 11217-1695 | NY | 1981-08 | $863,152 |
| 11 | Syracuse Opera Company Inc | PO BOX 1223, Syracuse, NY 13201-1223 | NY | 1972-03 | $754,635 |
| 12 | Di Capo Opera Theatre Corp | 184 E 76th St, New York, NY 10021-2819 | NY | 1990-05 | $665,356 |
| 13 | Bronx Opera Company Inc | 5 Minerva Place, Bronx, NY 10468-1647 | NY | 1972-02 | $219,453 |
| 14 | Teatro Grattacielo | 2 Riverside Dr Apt 2c, New York, NY 10023-2524 | NY | 1995-02 | $185,403 |
| 15 | Il Piccolo Teatro Dell Opera Inc | 138 Court St, Brooklyn, NY 11201-6291 | NY | 1985-03 | $128,502 |
| 16 | The Regina Opera Company Inc | 599 E 7th St, Brooklyn, NY 11218-5911 | NY | 1985-09 | $112,229 |
| 17 | Taconic Opera Inc | 9 Stacey Ct, Peekskill, NY 10566-2502 | NY | 1998-05 | $97,011 |
| 18 | Village Light Opera Group Ltd | PO BOX 143, New York, NY 10014-0143 | NY | 1964-07 | $45,027 |
| 19 | Westchester Hudson Opera Company Ltd | 25 Beechwood Ave # 35, Mt Vernon, NY 10553-1314 | NY | 1995-11 | $42,705 |
| 20 | Ebony-Opera Inc | 2109 Broadway Ste 1418, New York, NY 10023-2106 | NY | 1975-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 252 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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