Piano Productions Inc in Philadelphia, Pennsylvania (PA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Piano Productions Inc | |
| Employer Identification Number (EIN) | 223563090 |
| Name of Organization | Piano Productions Inc |
| Address | 2063 Lombard St, Philadelphia, PA 19146-1314 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $37,279 |
| Amount of Income | $184,249 |
| Form 990 Revenue Amount | $162,125 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2012: $184,249 (it was $162,125 in 2011)
| Piano Productions Inc: | $184,249 |
| Other organizations performing similar types of work: | $113,884 |
Assets in 2012: $37,279 (it was $29,832 in 2011)
| Piano Productions Inc: | $37,279 |
| Other organizations performing similar types of work: | $78,987 |
Expenses in 2012: $176,133
| This organization: | $176,133 |
| Other organizations performing similar types of work: | $104,400 |
Income to expenses ratio in 2012: 1.0
| Piano Productions Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.6%
| Piano Productions Inc: | 99.6% |
| Other organizations performing similar types of work: | 42.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $183,425 | $0 | $786 | |
| Contributions, gifts, grants, etc., received | $182,639 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $786 | |||
| Gross sales less returns and allowances | $-38 | |||
| Less: Cost of goods sold | $824 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $176,133 | $0 | $176,133 | $175,980 |
| Compensation of officers, directors, trustees, etc. | $75,520 | |||
| Total operating and administrative expenses | $176,133 | $0 | $175,980 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $7,292 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $37,279 | $37,279 |
| Cash - non-interest-bearing | $4,018 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $33,261 | |
| Total liabilities | $155 | |
| Mortgages and other notes payable | $0 | |
| Other | $155 | |
| Total liabilities and net assets/fund balances | $37,124 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $11,421 |
| Net value of noncharitable-use assets | $11,260 |
| Minimum investment return | $563 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $175,980 | $116,491 | $147,463 | $173,142 | $613,076 |
| Value of all assets | $41,415 | $29,832 | $33,231 | $754 | $105,232 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $41,415 | $29,832 | $33,231 | $754 | $105,232 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $182,639 | $158,012 | $142,000 | $193,068 | $675,719 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Society For American Music | 4200 5th Ave, Pittsburgh, PA 15260-0001 | PA | 1976-02 | $382,740 |
| 2 | Phil Clef Club Of The Performing Arts Inc | 736 S Broad St, Philadelphia, PA 19146-2203 | PA | 1986-01 | $306,766 |
| 3 | Elizabethtown Area High School Band Music Club | PO BOX 474, Elizabethtown, PA 17022-0474 | PA | 1982-03 | $41,208 |
| 4 | San Francisco Jazz Organization | 201 Franklin St, San Francisco, CA 94102-5108 | CA | 1994-05 | $20,497,477 |
| 5 | Sphinx Organization Inc, The Sphinx Competition | 400 Renaissance Ctr, Detroit, MI 48243-1502 | MI | 1996-08 | $6,778,556 |
| 6 | The Schubert Club | 302 Landmark Center, St Paul, MN 55102-1423 | MN | 1945-06 | $6,151,396 |
| 7 | Young Concert Artists Inc | 250 W 57th St, New York, NY 10107-0001 | NY | 1963-02 | $5,750,562 |
| 8 | Pennsylvania Academy Of Music | 313 W Liberty St Ste 210, Lancaster, PA 17603-2766 | PA | 1990-01 | $2,251,292 |
| 9 | Concerto Soloists, Chamber Orchestra Of Philadelphia | 1520 Locust Street 5th Floor, Philadelphia, PA 19102-4403 | PA | 1977-01 | $1,474,110 |
| 10 | The Sound Of America Inc | PO BOX 603, Carlisle, PA 17013-0603 | PA | 1992-08 | $947,257 |
| 11 | Piano Productions Inc | 2063 Lombard St, Philadelphia, PA 19146-1314 | PA | 2000-08 | $184,249 |
| 12 | Lancaster Community Concert Association | 203 Crestwyck Cir, Mount Joy, PA 17552-7201 | PA | 1995-06 | $114,991 |
| 13 | Allentown Community Concert Association | 1645 Valley Forge Rd, Allentown, PA 18104-1756 | PA | 1970-03 | $113,608 |
| 14 | Music In World Cultures Inc | PO BOX 178, Pittsburgh, PA 15055 | PA | 1991-11 | $82,802 |
| 15 | Reading Pops Orchestra | 3314 Reedy Rd, Sinking Spg, PA 19608-9663 | PA | 1992-08 | $68,573 |
| 16 | Satori Ltd | 2985 Fairfield Dr N, Allentown, PA 18103-5531 | PA | 1997-12 | $63,703 |
| 17 | Appalachian Fiddle & Blue Grass Association | PO BOX 507, Wind Gap, PA 18091-0507 | PA | 2007-07 | $55,962 |
| 18 | International Association Of African-American Music Foundation | PO BOX 382, Gladwyne, PA 19035 | PA | 1995-04 | $0 |
| 19 | Nittany Highland Pipe Band | 179 E College Ave, Pleasant Gap, PA 16823 | PA | 2000-11 | $0 |
| 20 | Womens Sacred Music Project Inc | Po Box 642, Lafayette Hill, PA 19444-0642 | PA | 1998-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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