American Conservatory Of Music Inc in Hammond, Indiana (IN)

American Conservatory Of Music Inc
Employer Identification Number (EIN)	841454666
Name of Organization	American Conservatory Of Music Inc
In Care of Name	Tower Associates Inc
Address	252 Wildwood Rd, Hammond, IN 46324-1043
Subsection	Charitable Organization
Ruling Date	04/2000
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$100,000 to $499,999
Income	$25,000 to $99,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$189,560
Amount of Income	$70,193
Form 990 Revenue Amount	$70,193
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Graduate, Professional Schools (Separate Entities)

Non-representatives - add comments:

Amount of income in 2014: $70,193 (it was $165,869 in 2013)

This organization:	$70,193
Other organizations performing similar types of work:	$280,428

Assets in 2014: $189,560 (it was $262,021 in 2013)

This organization:	$189,560
Other organizations performing similar types of work:	$181,390

Expenses in 2014: $135,660

American Conservatory Of Music Inc:	$135,660
Other organizations performing similar types of work:	$262,531

Income to expenses ratio in 2014: 0.5

American Conservatory Of Music Inc:	0.5
Other organizations performing similar types of work:	1.2

Number of employees in 2014: 10

American Conservatory Of Music Inc:	10
Other organizations performing similar types of work:	5

Grants share in income in 2014: 11.9%

This organization:	11.9%
Other organizations performing similar types of work:	30.1%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

	2012	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	No	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	Yes	Yes
Did the organization report an amount for other liabilities?	Yes	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	Yes	No	Yes
Did the organization maintain an office, employees, or agents outside of the United States?	Yes	No	Yes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No	No
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096	0	0	0
The number of Forms W-2G	0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?	No	No	No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return	14	17	10
Did the organization file all required federal employment tax returns?	Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?	No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?	No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?	No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?	No	No	No
Did the organization file Form 8886-T?	No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?	No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?	No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?	No	No	No
Did the organization notify the donor of the value of the goods or services provided?	No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?	No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?	No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?	No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?	No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?	No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?	No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?	No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?	No	No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?	No	No	No
The amount of tax-exempt interest received or accrued during the year	$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?	No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans	$0	$0	$0
The amount of reserves on hand	$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?	No	No	No
Has it filed a Form 720 to report these payments?	No	No	No

	2012	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$16,000	$0	$0
Total reportable compensation from related organizations	$0	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0	0

	2012	2013	2014
Statement of Revenue
Total revenue	$181,834	$165,869	$70,193
Contributions, Gifts, Grants and Other Similar Amounts	$1,960	$3,855	$8,329
Program Service Revenue	$172,577	$154,102	$55,275
0	$151,269	$85,826	$45,321
0	$21,308	$51,975	$9,954
All other program service revenue	$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$7,934	$7,741	$5,617
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$-637	$171	$972
0	$-637	$171	$972
All other revenue	$0	$0	$0

	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$214,314	$193,088	$135,660
Grants and other assistance to domestic organizations and domestic governments	$0	$0	$0
Grants and other assistance to domestic individuals	$11,915	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals	$0	$0	$0
Benefits paid to or for members	$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$0	$0	$0
Compensation not included above, to disqualified persons	$0	$0	$0
Other salaries and wages	$55,712	$48,314	$12,477
Pension plan accruals and contributions	$0	$0	$0
Other employee benefits	$0	$0	$0
Payroll taxes	$4,425	$4,323	$1,002
Fees for services (non-employees)
Management	$0	$0	$0
Legal	$11,451	$19,864	$18,704
Accounting	$14,072	$12,881	$14,000
Lobbying	$0	$0	$0
Professional fundraising services	$95	$0	$0
Investment management fees	$0	$0	$0
Other	$12,151	$0	$0
Advertising and promotion	$44,387	$4,718	$1,804
Office expenses	$0	$59,145	$54,897
Information technology	$0	$0	$0
Royalties	$0	$0	$0
Occupancy	$32,364	$32,364	$32,364
Travel	$0	$0	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0
Interest	$51	$0	$0
Payments to affiliates	$0	$0	$0
Depreciation, depletion, and amortization	$0	$0	$0
Insurance	$2,558	$2,339	$412

	2012	2013	2014
Balance Sheet
Total assets	$297,546	$262,021	$189,560
Cash - non-interest-bearing	$34,560	$16,805	$1,670
Savings and temporary cash investments	$0	$0	$0
Pledges and grants receivable, net	$0	$0	$0
Accounts receivable, net	$26,462	$20,217	$5,852
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees	$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations	$0	$0	$0
Notes and loans receivable, net	$0	$0	$0
Inventories for sale or use	$0	$0	$0
Prepaid expenses and deferred charges	$16,417	$14,543	$9,485
Land, buildings, and equipment: cost or other basis	$9,140	$0	$0
Investments - publicly traded securities	$196,625	$196,099	$157,689
Investments - other securities	$0	$0	$0
Investments - program-related	$0	$0	$0
Intangible assets	$0	$0	$0
Other assets	$14,342	$14,357	$14,864
Total liabilities	$93,679	$85,373	$78,379
Accounts payable and accrued expenses	$20,338	$11,756	$5,642
Grants payable	$0	$0	$0
Deferred revenue	$11,569	$3,293	$6,772
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability	$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons	$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)	$61,772	$70,324	$65,965
Total net assets or fund balances	$203,867	$176,648	$111,181
Unrestricted net assets	$0	$0	$0
Temporarily restricted net assets	$0	$0	$0
Permanently restricted net assets	$0	$0	$0
Capital stock or trust principal, or current funds	$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund	$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$203,867	$176,648	$111,181

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	A school described in section 170(b)(1)(A)(ii)
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
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3	Western Michigan University School Of Medicine	1000 Oakland Dr, Kalamazoo, MI 49008-1282	MI	2012-06	$51,394,291
4	Virginia Tech Carilion School Of Medicine Inc	Po Box 12385, Roanoke, VA 24025-2385	VA	2009-07	$24,387,401
5	Apex Academy School Of Religion	1701 Tw Alexander Dr, Durham, NC 27703-9252	NC	2014-01	$12,475,099
6	The Chicago School - Washington Dc Inc	901 15th Street Nw, Washington, DC 20005	DC	2010-12	$9,764,854
7	Claremont Lincoln University	1325 North College Ave, Claremont, CA 91711	CA	2014-08	$8,149,162
8	San Diego Public Library Foundation	330 Park Blvd, San Diego, CA 92101-7416	CA	2001-05	$7,367,420
9	Rosedale Technical College	215 Beecham Dr Ste 2, Pittsburgh, PA 15205-9791	PA	1996-02	$6,619,331
10	Singularity University	7119 West Sunset Blvd No 460, Los Angeles, CA 90046-4411	CA	2011-02	$4,924,479
11	Uc Berkeley Center For Executive Education	2000 Center St, Berkeley, CA 94704-1223	CA	2013-08	$4,768,023
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15	Wongu University Of Oriental Medicine	8620 S Eastern Ave, Las Vegas, NV 89123-2836	NV	2014-03	$2,090,789
16	Robert M Palmer Md Institute Of Biomechanics Inc	1601 Main St, Elwood, IN 46036-2025	IN	2012-08	$96,995
17	American Conservatory Of Music Inc	252 Wildwood Rd, Hammond, IN 46324-1043	IN	2000-04	$70,193
18	United Christian Ministry Institute Ltd	7488 N Brown Road, Columbia City, IN 46725	IN	2004-11	$10,732
19	Athanasius College Inc	2401 S Endwright Rd, Bloomington, IN 47403-8810	IN	2014-06	$0
20	Institute Of Biological Diversity Inc	2280 S Smith Rd, Bloomington, IN 47401-8920	IN	2012-09	$0

Number of organizations performing similar types of work

Alabama	6
Arkansas	6
Arizona	4
California	60
Colorado	11
Connecticut	6
District of Columbia	6
Delaware	2
Florida	29
Georgia	21
Hawaii	2
Iowa	3
Idaho	4
Illinois	15
Indiana	5
Kansas	2
Kentucky	3
Louisiana	5
Massachusetts	10
Maryland	6
Michigan	11
Minnesota	11
Missouri	12
Mississippi	3

Montana	2
North Carolina	32
Nebraska	3
New Hampshire	4
New Jersey	15
New Mexico	3
Nevada	2
New York	30
Ohio	13
Oklahoma	3
Oregon	7
Pennsylvania	9
South Carolina	8
South Dakota	3
Tennessee	8
Texas	38
Utah	2
Virginia	14
Washington	11
Wisconsin	6
West Virginia	2
Wyoming	1
International	1

Total

460

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