Young Musicians Inc in Evanston, Wyoming (WY)
Table of contents:
| Young Musicians Inc | |
| Employer Identification Number (EIN) | 311614657 |
| Name of Organization | Young Musicians Inc |
| In Care of Name | Carolee Bowen |
| Address | PO BOX 394, Evanston, WY 82931-0394 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Cultural performances |
| Subsection | Educational Organization |
| Ruling Date | 12/1998 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $70,560 |
| Amount of Income | $135,027 |
| Form 990 Revenue Amount | $126,300 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2013: $135,027 (it was $133,089 in 2012)
| Young Musicians Inc: | $135,027 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2013: $70,560 (it was $68,657 in 2012)
| This organization: | $70,560 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $124,646
| Young Musicians Inc: | $124,646 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 1.1
| Young Musicians Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 57.4%
| This organization: | 57.4% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $109,159 | $129,246 | $126,300 |
| Contributions, gifts, grants, and similar amounts received | $71,802 | $85,058 | $72,441 |
| Program service revenue including government fees and contracts | $37,341 | $35,451 | $53,292 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $16 | $4 | $6 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $8,693 | $536 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $12,536 | $9,263 |
| Less: direct expenses from gaming and fundraising events | $0 | $3,843 | $8,727 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $40 | $25 |
| Total expenses | $108,318 | $128,326 | $124,646 |
| Total net assets | $67,737 | $68,657 | $70,560 |
| Excess/Deficit for the year | $841 | $920 | $1,654 |
| Net assets or fund balances at beginning of year | $66,896 | $67,737 | $68,906 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $68,657 | $70,560 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $67,737 | $68,657 | $70,560 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $67,737 | $68,657 | $70,560 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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? | No | No | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $557,777 |
| Subtotal | $557,777 |
| Gifts, grants, contributions, and membership fees received | $363,736 |
| 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 | $194,041 |
| 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 | $557,809 |
| Public support | $557,777 |
| Subtotal | $32 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $32 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Newport Festivals Foundation Inc | PO BOX 650, Essex, MA 01929-0012 | MA | 2011-08 | $7,826,422 |
| 2 | Friends Of Jazz St Louis | 3536 Washington Ave, Saint Louis, MO 63103-1019 | MO | 2014-08 | $3,765,405 |
| 3 | Music Doing Good Inc | 4203 Yoakum Blvd Ste 200, Houston, TX 77006-5455 | TX | 2010-09 | $2,099,604 |
| 4 | Berkeley Music Group | 1300 Clay St, Oakland, CA 94612-1425 | CA | 2013-09 | $1,573,868 |
| 5 | Consortium Mmt | 22 North Front St No 2nd Fl, Memphis, TN 38103-2162 | TN | 2014-02 | $1,254,059 |
| 6 | Big Joe Duskin Music Educational Fo | C/O William R Hulsizer, Loveland, OH 45140 | OH | 2008-01 | $1,226,113 |
| 7 | Play On Philly | 1830 Rittenhouse Sq Apt 16b, Philadelphia, PA 19103-5843 | PA | 2012-09 | $1,168,319 |
| 8 | Young Musicians Inc | PO BOX 394, Evanston, WY 82931-0394 | WY | 1998-12 | $135,027 |
| 9 | Original Oystergrass Inc | PO BOX 424, Kemmerer, WY 83101-0424 | WY | 2006-06 | $116,483 |
| 10 | Lander Community Concert Association | PO BOX 647, Lander, WY 82520-0647 | WY | 2001-06 | $111,830 |
| 11 | Jackson Hole Music Experience | PO BOX 2730, Jackson, WY 83001-2730 | WY | 2005-01 | $102,000 |
| 12 | Worlds Of Music Inc | 457 N Main Street, Buffalo, WY 82834 | WY | 2011-08 | $48,269 |
| 13 | Wyoming Blues And Jazz Society | PO BOX 1643, Evansville, WY 82636-1643 | WY | 2001-02 | $29,883 |
| 14 | Jackson Hole Cowboy Jubilee | PO BOX 1455, Jackson, WY 83001-1455 | WY | 2007-12 | $425 |
| 15 | Fremont County Orchestra, Fremont Symphony Orchestra | 28 Pheasant Run Dr, Lander, WY 82520 | WY | 2010-07 | $0 |
| 16 | Jazz Foundation Of Jackson Hole | Po Box 12116, Jackson, WY 83002 | WY | 2007-09 | $0 |
| 17 | Star Valley Arts Council | Po Box 820, Thayne, WY 83127 | WY | 2000-05 | $0 |
| 18 | Wyoming Conservatory Of Music | 151 Corthell Rd, Laramie, WY 82070-4825 | WY | 2004-11 | $0 |
| 19 | Wyoming Jazz Educators | 308 Goldenrod Dr, Rock Springs, WY 82901 | WY | 2015-04 | $0 |
| 20 | Wyoming Pipe & Drum Band | Po Box 514, Upton, WY 82730 | WY | 2008-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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