Virginia School Of The Arts Inc in Lynchburg, Virginia (VA)
Table of contents:
| Virginia School Of The Arts Inc | |
| Employer Identification Number (EIN) | 541369087 |
| Name of Organization | Virginia School Of The Arts Inc |
| Address | 2240 Rivermont Ave, Lynchburg, VA 24503-4117 |
| Activities | Private school, School, college, trade school, etc., Nursery school |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/1987 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Tax Period | 06/2012 |
| Assets | $0 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $0 |
| Amount of Income | $655,060 |
| Form 990 Revenue Amount | $367,860 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Schools |
Non-representatives - add comments:
Amount of income in 2012: $655,060 (it was $535,315 in 2011)
| This organization: | $655,060 |
| Other organizations performing similar types of work: | $393,152 |
Assets in 2012: $0 (it was $360,743 in 2011)
| Virginia School Of The Arts Inc: | $0 |
| Other organizations performing similar types of work: | $218,085 |
Expenses in 2012: $132,380
| Virginia School Of The Arts Inc: | $132,380 |
| Other organizations performing similar types of work: | $434,489 |
Income to expenses ratio in 2012: 4.9
| This organization: | 4.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.2%
| Virginia School Of The Arts Inc: | 0.2% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2012
Functional expenses for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | Yes |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $367,860 |
| Contributions, Gifts, Grants and Other Similar Amounts | $562 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $915 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $366,025 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $653,225 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $287,200 |
| Gain or (loss) (Securities / Other) | $0 / $366,025 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $358 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $132,380 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $760 |
| Professional fundraising services | $0 |
| Other | $131,620 |
| Balance Sheet (for 2012) | |
| Total assets | $0 |
| Total liabilities | $0 |
| Total net assets or fund balances | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $12,001 | $0 | $1,200 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $12,001 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $472 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $728 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $728 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Usdan Center For The Creative And Performing Arts | 420 E 79th St, New York, NY 10075-1472 | NY | 1974-11 | $13,615,857 |
| 2 | Music Educators National Conference, National Association For Music Educ | 1806 Robert Fulton Drive, Reston, VA 20191-5482 | VA | 1938-07 | $10,924,290 |
| 3 | Society Of The Third Street Music School Settlement Inc | 235 E 11th St, New York, NY 10003-7305 | NY | 1942-12 | $7,021,035 |
| 4 | Society For Strings Inc | 1424 County Route 10, Westport, NY 12993-3203 | NY | 1952-12 | $5,745,823 |
| 5 | Universal Ballet Foundation, Dba Kirov Acdy Of Ballet Wa Dc | 4301 Harewood Rd Ne, Washington, DC 20017-1514 | DC | 1992-08 | $4,872,722 |
| 6 | School For Strings Inc | 419 W 54 Stt, New York, NY 10019 | NY | 1977-09 | $3,466,827 |
| 7 | Stanford Jazz Workshop | PO BOX 20454, Stanford, CA 94309-0454 | CA | 1987-12 | $3,246,365 |
| 8 | The Circus Barn Incorporated, Circus Smirkus | 1 Circus Rd, Greensboro, VT 05841-8166 | VT | 1974-03 | $2,930,838 |
| 9 | Wisconsin Conservatory Of Music Inc | 1584 N Prospect Ave, Milwaukee, WI 53202-6501 | WI | 1953-09 | $2,405,532 |
| 10 | The Music School Of Delaware Inc | 4101 N Washington St, Wilmington, DE 19802-2151 | DE | 1941-09 | $2,144,848 |
| 11 | School Of The Performing Arts In The Richmond Community Sparc | 2106 N Hamilton St Ste A, Richmond, VA 23230-4120 | VA | 1985-03 | $2,122,643 |
| 12 | Tada Theatre And Dance Alliance Inc | 15 West 28th Street, New York, NY 10001-6410 | NY | 1985-12 | $1,921,282 |
| 13 | Turtle Bay Music School Inc | 244 E 52nd St, New York, NY 10022-6201 | NY | 1935-12 | $1,830,509 |
| 14 | Stella Adler Theatre | 6773 Hollywood Blvd 2nd Floor, Hollywood, CA 90028-4623 | CA | 1992-07 | $1,600,610 |
| 15 | Heifetz International Music Institute Inc | 230 E Frederick St, Staunton, VA 24401-3670 | VA | 1996-07 | $1,235,077 |
| 16 | Virginia School Of The Arts Inc | 2240 Rivermont Ave, Lynchburg, VA 24503-4117 | VA | 1987-10 | $655,060 |
| 17 | Operafestival Di Roma | 1445 Willow Lake Dr, Charlottesvle, VA 22902-7222 | VA | 1994-12 | $356,370 |
| 18 | The Community Music School Of The Piedmont Inc | PO BOX 442, Upperville, VA 20185-0442 | VA | 1995-08 | $209,000 |
| 19 | Downtown Music Lab | 24 W Kirk Ave, Roanoke, VA 24011-1704 | VA | 1999-01 | $45,760 |
| 20 | Southside Music Inc | 8107 Hampton Bluff Terrace, Chesterfield, VA 23832 | VA | 2006-11 | $0 |
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