Friends Of Music Inc in Shepherdstown, West Virginia (WV)

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Friends Of Music Inc
Employer Identification Number (EIN)550776489
Name of OrganizationFriends Of Music Inc
AddressPO BOX 220, Shepherdstown, WV 25443-0220
SubsectionCharitable Organization
Ruling Date02/2001
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$17,890
Amount of Income$118,920
Form 990 Revenue Amount$118,920
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Single Organization Support


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Amount of income in 2014: $118,920 (it was $147,308 in 2013)
This organization: 

 $118,920
Other organizations performing similar types of work: 

 $79,074

Assets in 2014: $17,890 (it was $28,700 in 2013)
This organization: 

 $17,890
Other organizations performing similar types of work: 

 $63,467

Expenses in 2013: $150,109
Friends Of Music Inc: 

 $150,109
Other organizations performing similar types of work: 

 $40,000

Income to expenses ratio in 2013: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 63.4%
Friends Of Music Inc: 

 63.4%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$148,450$143,772$147,308
Contributions, gifts, grants, and similar amounts received$69,743$86,344$93,379
Program service revenue including government fees and contracts$67,810$53,132$48,635
Membership dues and assessments$0$0$0
Investment income$83$36$4
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$10,814$4,260$5,290
Gross income from gaming$0$0$0
Gross income from fundraising events$17,361$15,940$14,777
Less: direct expenses from gaming and fundraising events$6,547$11,680$9,487
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$159,486$144,752$150,109
Total net assets$34,276$30,554$27,243
Excess/Deficit for the year$-11,036$-980$-2,801
Net assets or fund balances at beginning of year$45,312$28,782$29,544
Other changes in net assets or fund balances$0$2,752$500
Net assets or fund balances at end of year$35,994$28,243
Balance Sheets
201120122013
Total assets$37,093$33,264$28,700
Total liabilities$2,817$2,720$1,457
Net assets or fund balances$34,276$30,554$27,243
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
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?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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 2009 - 2013)
2009 - 2013 Total
Public support$639,403
Subtotal$639,403
Gifts, grants, contributions, and membership fees received$390,589
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$248,814
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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$641,748
Public support$639,430
Subtotal$1,183
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,183
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$1,135
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1World War Ii Theatre Inc945 Magazine St, New Orleans, LA 70130-3813LA2009-04$562,501
2Block 100 Foundation Inc6120 University Ave, Middleton, WI 53562-3461WI2012-05$12,555,536
3Naples Players Endowment701 5th Ave S, Naples, FL 34102-6662FL2014-07$10,900,394
4Fort Worth Art Association Endowment Foundation3200 Darnell St, Fort Worth, TX 76107-2872TX2013-01$10,827,283
5Fund For Bric Community Media Inc45 Main Street, Brooklyn, NY 11201NY2010-03$7,332,533
6Gtmf Support Facilities Inc4015 Lake Creek Dr N Ste 100, Wilson, WY 83014-9203WY2012-10$6,052,309
7World Chess Museum Inc, Chess Hall Of FamePo Box 4797, St Louis, MO 63108MO2007-09$3,849,053
8Public Media Connect1223 Central Pkwy, Cincinnati, OH 45214-2812OH2010-03$3,407,626
9Orlando Philharmonic Plaza Foundation Inc812 E Rollins St Ste 300, Orlando, FL 32803-1202FL2013-11$3,148,219
10Fund For Bric Inc45 Main Street, Brooklyn, NY 11201NY2010-03$2,941,401
11Clyfford Still Museum Foundation1250 Bannock St, Denver, CO 80204-3631CO2013-01$2,759,608
12Van Wert Area Performing Arts Foundation138 E Main St, Van Wert, OH 45891-1725OH2006-06$2,337,015
13Naples Historical Society Foundation IncPO BOX 201, Naples, FL 34106-0201FL2010-07$2,157,253
14Weston Ranch Foundation112 East Pecan Street, San Antonio, TX 78205-1512TX2003-08$1,862,449
15Womens Welsh Clubs Of America Foundation22199 Center Ridge Rd, Rocky River, OH 44116-3925OH2010-05$1,615,479
16West Virginia Symphony Regional Outreach Group IncPO BOX 2292, Charleston, WV 25328-2292WV2012-06$341,463
17Friends Of Music IncPO BOX 220, Shepherdstown, WV 25443-0220WV2001-02$118,920
18Craik-Patton House Foundation IncPO BOX 11782, Charleston, WV 25339-1782WV2000-06$35,978
19Mercer Christian Academy Foundation Inc984 Halls Ridge Road, Princeton, WV 24740WV2000-11$181
20Elite Junior Teen & Senior Company Dance Boosters CorpPO BOX 1853, Huntington, WV 25719-1853WV2011-04$0
Number of organizations performing similar types of work
Alaska1
Alabama8
Arkansas12
Arizona21
California89
Colorado22
Connecticut11
District of Columbia5
Delaware5
Florida52
Georgia31
Hawaii8
Iowa19
Idaho9
Illinois28
Indiana20
Kansas9
Kentucky16
Louisiana14
Massachusetts19
Maryland19
Maine6
Michigan29
Minnesota15
Missouri21
Mississippi5
Montana3
North Carolina29
North Dakota2
Nebraska9
New Hampshire3
New Jersey16
New Mexico7
Nevada2
New York48
Ohio46
Oklahoma14
Oregon7
Pennsylvania27
Rhode Island1
South Carolina10
South Dakota1
Tennessee11
Texas96
Utah7
Virginia30
Vermont5
Washington23
Wisconsin23
West Virginia5
Wyoming2
International3
Total924

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