Lakeshore Music Inc in Tempe, Arizona (AZ)
Table of contents:
| Lakeshore Music Inc | |
| Employer Identification Number (EIN) | 270802662 |
| Name of Organization | Lakeshore Music Inc |
| In Care of Name | Harold W Wilson |
| Address | 1982 E Oxford Dr, Tempe, AZ 85283-2366 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2012 |
| 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 | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $8,640 |
| Amount of Income | $147,563 |
| Form 990 Revenue Amount | $147,563 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2013: $147,563 (it was $145,046 in 2012)
| This organization: | $147,563 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2013: $8,640 (it was $2,967 in 2012)
| Lakeshore Music Inc: | $8,640 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $161,995
| Lakeshore Music Inc: | $161,995 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 0.9
| Lakeshore Music Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 64.4%
| Lakeshore Music Inc: | 64.4% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $0 | $153,730 | $145,046 | $147,563 |
| Contributions, gifts, grants, and similar amounts received | $0 | $98,000 | $89,000 | $95,000 |
| Program service revenue including government fees and contracts | $0 | $55,730 | $56,046 | $52,563 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $0 | $151,971 | $149,527 | $161,995 |
| Total net assets | $0 | $1,759 | $-2,722 | $-17,154 |
| Excess/Deficit for the year | $0 | $1,759 | $-4,481 | $-14,432 |
| Net assets or fund balances at beginning of year | $0 | $0 | $1,759 | $-2,722 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-2,722 | $-17,154 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $1 | $1,759 | $2,967 | $8,640 |
| Total liabilities | $0 | $0 | $5,689 | $25,794 |
| Net assets or fund balances | $0 | $1,759 | $-2,722 | $-17,154 |
| Other Information | ||||
| 2010 | 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 | 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 | Yes | ||
| Total amount involved | $0 | $16,052 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | $446,339 |
| Subtotal | $446,339 |
| Gifts, grants, contributions, and membership fees received | $282,000 |
| 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 | $164,339 |
| 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 | $446,339 |
| Public support | $446,339 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Tucson Chamber Artists | PO BOX 64912, Tucson, AZ 85728-4912 | AZ | 2007-02 | $348,269 |
| 2 | Higher Octave Healing Inc | PO BOX 7608, Tempe, AZ 85281-0021 | AZ | 2011-07 | $283,032 |
| 3 | Lakeshore Music Inc | 1982 E Oxford Dr, Tempe, AZ 85283-2366 | AZ | 2012-06 | $147,563 |
| 4 | Verde Valley Sinfonietta | PO BOX 4672, Sedona, AZ 86340-4672 | AZ | 2005-11 | $104,709 |
| 5 | Scottsdale Musical Arts | 16211 N Scottsdale Rd Ste A-6-A 453, Scottsdale, AZ 85254-1584 | AZ | 2010-03 | $83,564 |
| 6 | Arizona Girlchoir Assn | 2942 N 24th St, Phoenix, AZ 85016-7844 | AZ | 2011-08 | $79,422 |
| 7 | Music And The Arts | 13720 W Thomas Rd, Avondale, AZ 85392-1001 | AZ | 2008-12 | $77,883 |
| 8 | Southern Arizona Blues Heritage Foundation Inc | Po Box 42168, Tucson, AZ 85733 | AZ | 2014-07 | $64,954 |
| 9 | St Andrews Bach Society | Po Box1165, Tucson, AZ 85702 | AZ | 2009-12 | $19,039 |
| 10 | Arizona Old-Time Fiddlers Association Inc | 7470 Derryberry Drive, Flagstaff, AZ 86004 | AZ | 2010-03 | $4,393 |
| 11 | American Harp Society | Po Box 402, Tucson, AZ 85712 | AZ | 1977-04 | $0 |
| 12 | Arizona Bluegrass Association | Po Box 8139, Glendale, AZ 85312 | AZ | 2004-04 | $0 |
| 13 | Arizona Blues Hall Of Fame Inc | 135 East Mabel Street, Tucson, AZ 85705 | AZ | 2000-07 | $0 |
| 14 | Arizona Jazz Boosters | PO BOX 27614, Tucson, AZ 85726-7614 | AZ | 2003-06 | $0 |
| 15 | Arizona Music & Entertainment Hall Of Fame Inc | 6602 E 3rd St, Scottsdale, AZ 85251 | AZ | 2003-12 | $0 |
| 16 | Arizona Music Festival Foundation | 504 E Hayward, Phoenix, AZ 85020 | AZ | 2001-06 | $0 |
| 17 | Belle Tones Chorus | 8701 S Kolb Road, Tucson, AZ 85756 | AZ | 2014-08 | $0 |
| 18 | Boulder Creek High School Choir Booster Club | 40404 N Gavilan Peak Parkway, Anthem, AZ 85086 | AZ | 2014-05 | $0 |
| 19 | Carolyn Eynon Singers | 8300 E Dixileta Dr 286, Scottsdale, AZ 85266 | AZ | 2008-12 | $0 |
| 20 | Central Arizona Concert Band | 269 Mountain Myrtle Circle, Prescott, AZ 86301 | AZ | 2000-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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