Lead Guitar in Tucson, Arizona (AZ)

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Lead Guitar
Employer Identification Number (EIN)261416560
Name of OrganizationLead Guitar
In Care of NameMARC SANDROFF
Address3333 E Cobblestone Place, Tucson, AZ 85718
SubsectionEducational Organization, Charitable Organization
Ruling Date11/2008
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2008
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$59,786
Amount of Income$76,061
Form 990 Revenue Amount$76,061
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Schools


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Amount of income in 2008: $76,061 (it was $76,061 in 2014)
This organization: 

 $76,061
Other organizations performing similar types of work: 

 $109,191

Assets in 2008: $59,786 (it was $59,786 in 2014)
This organization: 

 $59,786
Other organizations performing similar types of work: 

 $19,744

Expenses in 2014: $26,735
This organization: 

 $26,735
Other organizations performing similar types of work: 

 $103,372

Income to expenses ratio in 2014: 2.8
This organization: 

 2.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2014: 77.6%
This organization: 

 77.6%
Other organizations performing similar types of work: 

 12.0%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2011201220132014
Total revenue$87,973$64,815$96,459$76,061
Contributions, gifts, grants, and similar amounts received$90,315$19,130$41,129$59,054
Program service revenue including government fees and contracts$0$45,684$55,330$17,007
Membership dues and assessments$0$0$0$0
Investment income$7$1$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$-2,349$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$78,467$76,102$93,504$26,735
Total net assets$16,244$4,957$7,912$57,238
Excess/Deficit for the year$9,506$-11,287$2,955$49,326
Net assets or fund balances at beginning of year$6,738$16,244$4,957$7,912
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$4,957$7,912$57,238
Balance Sheets
2011201220132014
Total assets$18,891$7,189$11,671$59,786
Total liabilities$2,647$2,232$3,759$2,548
Net assets or fund balances$16,244$4,957$7,912$57,238
Other Information
2011201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$0$0
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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
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 2010 - 2014)
2010 - 2014 Total
Public support$383,634
Subtotal$383,634
Gifts, grants, contributions, and membership fees received$265,613
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$0
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$118,021
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$385,687
Public support$383,634
Subtotal$18
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$18
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$2,035
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Gelsey Kirkland Academy Of Classical Ballet400 Central Park West Suite 14, New York, NY 10025-5880NY2010-12$2,087,457
2Music Makers Foundation Inc, Boston String Quartet Vuk School Of Groove883 Cambridge Street, Cambridge, MA 02141MA2011-01$751,284
3Walden School31a 29th St, San Francisco, CA 94110-4910CA2010-05$667,393
4Woodlawn Arts Academy3807 Woodlawn Rd, Sterling, IL 61081-4218IL2011-12$592,946
5Sol-La Music Academy1812 Stanford St, Santa Monica, CA 90404-4118CA2009-05$581,182
6Velocity Dance Center1621 12th Ave, Seattle, WA 98122-8418WA2000-08$559,870
7Spindrift School Of Performing Arts Inc1050 Crespi Dr, Pacifica, CA 94044-3513CA2003-08$520,306
8St Paul Conservatory Of Music26 Exchange St E Ste 500, Saint Paul, MN 55101-1695MN2001-07$463,748
9Uptown Arts123 E Liberty St, Cincinnati, OH 45202-6509OH2001-01$412,494
10Bay Colony ProductionsPO BOX 266, Foxboro, MA 02035-0266MA2009-08$399,373
11Santa Barbara Community Youth Performing Arts CenterPO BOX 21046, Santa Barbara, CA 93121-1046CA2000-08$369,052
12World Music Company10117 S Prospect Ave, Chicago, IL 60643-2152IL2007-09$342,557
13Christian Youth Theater Tucson7049 E Tanque Verde Rd Ste 137, Tucson, AZ 85715-5311AZ2007-03$149,687
14Dancing In The Streets Arizona6411 E Brian Kent, Tucson, AZ 85710-1107AZ2009-07$99,181
15Talent Team Inc2667 E Houston Ave, Gilbert, AZ 85234-2837AZ2014-11$86,788
16Lead Guitar3333 E Cobblestone Place, Tucson, AZ 85718AZ2008-11$76,061
17Academy Of Creative Learning Inc11317 E Bellflower Ct, Chandler, AZ 85249-4247AZ2006-02$37,204
18Arizona International Music Academy2435 E Southern Ave Ste 10, Tempe, AZ 85282-7628AZ2010-08$0
19Arizonas Mariachi And Classical School Of The Arts220 W Wier Ave, Phoenix, AZ 85041-3140AZ2008-10$0
20Vagabond Youth Theatre10917 W Wilshire Dr, Avondale, AZ 85392-5906AZ1999-11$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona8
California65
Colorado6
Connecticut2
District of Columbia3
Florida20
Georgia2
Hawaii6
Iowa4
Idaho2
Illinois11
Indiana4
Kansas1
Kentucky1
Louisiana3
Massachusetts17
Maryland17
Maine1
Michigan6
Minnesota6
Missouri7
Mississippi1
North Carolina5
Nebraska1
New Hampshire2
New Jersey9
New Mexico4
Nevada2
New York37
Ohio11
Oklahoma4
Oregon14
Pennsylvania12
Rhode Island2
South Carolina4
Tennessee2
Texas11
Utah4
Virginia10
Vermont3
Washington11
Wisconsin5
International1
Total353

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