Magical Music For Life Foundation Inc in New Canaan, Connecticut (CT)
Table of contents:
| Magical Music For Life Foundation Inc | |
| Employer Identification Number (EIN) | 061573405 |
| Name of Organization | Magical Music For Life Foundation Inc |
| In Care of Name | E Carter Norton |
| Address | C/O E Carter Norton 76 Elm Street, New Canaan, CT 06840 |
| Subsection | Educational Organization |
| Ruling Date | 07/2000 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $43,928 |
| Amount of Income | $69,739 |
| Form 990 Revenue Amount | $62,359 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2014: $69,739 (it was $59,805 in 2013)
| Magical Music For Life Foundation Inc: | $69,739 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2014: $43,928 (it was $42,986 in 2013)
| This organization: | $43,928 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $55,709
| This organization: | $55,709 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 104.5%
| Magical Music For Life Foundation Inc: | 104.5% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $51,778 | $62,038 | $59,805 |
| Contributions, gifts, grants, and similar amounts received | $37,676 | $33,825 | $62,512 |
| Program service revenue including government fees and contracts | $2,030 | $1,200 | $2,625 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,072 | $27,013 | $-5,332 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $17,160 | $31,999 | $0 |
| Less: direct expenses from gaming and fundraising events | $5,088 | $4,986 | $5,332 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $71,265 | $66,381 | $55,709 |
| Total net assets | $43,233 | $38,890 | $42,986 |
| Excess/Deficit for the year | $-19,487 | $-4,343 | $4,096 |
| Net assets or fund balances at beginning of year | $62,720 | $43,233 | $38,890 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $38,890 | $42,986 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $43,233 | $38,890 | $42,986 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $43,233 | $38,890 | $42,986 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $137,418 |
| Subtotal Support | $272,710 |
| Gifts, grants, contributions, and membership fees received | $272,710 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $135,292 |
| Total Support | $272,710 |
| Public Support | $272,710 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stamford Counseling Center Inc | 1 Walton Pl, Stamford, CT 06901-1522 | CT | 2002-04 | $317,615 |
| 2 | Bring Our Music Back Foundation Inc | Po Box 313 16-1 Lyme Street, Old Lyme, CT 06371 | CT | 2010-10 | $267,597 |
| 3 | Sherman Chamber Ensemble Inc | PO BOX 578, Sherman, CT 06784-0578 | CT | 2015-04 | $87,324 |
| 4 | Soundmusic Inc, Soundmusic | 67 New London Tpke, Mystic, CT 06355-3644 | CT | 2010-02 | $83,619 |
| 5 | Smooth Jazz For Scholars Inc | 46 Point Beach Dr, Milford, CT 06460-7645 | CT | 2008-01 | $52,666 |
| 6 | Concerts With Causes Inc | 616 N Elm St, Wallingford, CT 06492-3270 | CT | 2012-03 | $51,592 |
| 7 | Greater Middletown Concert Association Inc | P O Box 2622, Middletown, CT 06457 | CT | 2010-07 | $50,562 |
| 8 | Yale University Guild Of Carillonneurs Inc | PO BOX 201964, New Haven, CT 06520-1964 | CT | 2005-08 | $43,609 |
| 9 | Yale Out Of The Blue | Po Box 203688, New Haven, CT 06520 | CT | 2014-08 | $37,668 |
| 10 | Inner Life Studies Inc | 52 Weston Rd, Westport, CT 06880 | CT | 2001-08 | $34,461 |
| 11 | Shamrock Traditional Irish Music Society Inc | Po Box 486, Fairfield, CT 06825 | CT | 2000-03 | $26,758 |
| 12 | Greater Norwich Area Business Industry Foundation Inc | 112 Main Street, Norwich, CT 06360 | CT | 2011-08 | $20,032 |
| 13 | Shepaug Friends Of Music | PO BOX 83, Roxbury, CT 06783 | CT | 2004-08 | $16,777 |
| 14 | Connecticuts Bristol Old Tyme Fiddlers Club Inc | 22 Mines Road, Bristol, CT 06010 | CT | 2013-06 | $12,289 |
| 15 | Alternative Pipers Of North America | 27 Dunbar Rd, Quaker Hill, CT 06375-1312 | CT | 2013-06 | $3,969 |
| 16 | Hartford Wagner Festival Inc | 6 Atwater Ter, Farmington, CT 06032-1567 | CT | 2013-11 | $1,705 |
| 17 | Community Concerts Of Greenwich Inc | 471 Haviland Rd, Stamford, CT 06903-3337 | CT | 2005-03 | $300 |
| 18 | American Guild Of Organists, American Guild Of Organists Waterbury Chapter | 171 Parklawn Drive, Waterbury, CT 06708 | CT | 1967-08 | $0 |
| 19 | Amoris Foundation Inc | 10 Mortimer Drive, Old Greenwich, CT 06870 | CT | 2013-11 | $0 |
| 20 | Arts For The Community Inc | 10 Wintergreen Dr, Easton, CT 06612-2125 | CT | 2009-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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