Talented Young Musicians Association Inc in Somerset, New Jersey (NJ)

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Talented Young Musicians Association Inc
Employer Identification Number (EIN)510545964
Name of OrganizationTalented Young Musicians Association Inc
In Care of NameMila Kozlova
Address46 Bolton Ct, Somerset, NJ 08873-4741
SubsectionCharitable Organization, Educational Organization
Ruling Date12/2005
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$23,524
Amount of Income$46,099
Form 990 Revenue Amount$46,099
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Music


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Amount of income in 2013: $46,099 (it was $30,505 in 2012)
This organization: 

 $46,099
Other organizations performing similar types of work: 

 $51,420

Assets in 2013: $23,524 (it was $14,102 in 2012)
Talented Young Musicians Association Inc: 

 $23,524
Other organizations performing similar types of work: 

 $15,938

Expenses in 2013: $36,677
This organization: 

 $36,677
Other organizations performing similar types of work: 

 $45,736

Income to expenses ratio in 2013: 1.3
Talented Young Musicians Association Inc: 

 1.3
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 30.6%
Talented Young Musicians Association Inc: 

 30.6%
Other organizations performing similar types of work: 

 5.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$31,857$30,505$46,099
Contributions, gifts, grants, and similar amounts received$10,105$7,895$14,085
Program service revenue including government fees and contracts$9,945$1,310$8,737
Membership dues and assessments$875$900$1,150
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$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$10,932$20,400$22,127
Total expenses$20,760$27,944$36,677
Total net assets$11,541$14,102$23,524
Excess/Deficit for the year$11,097$2,561$9,422
Net assets or fund balances at beginning of year$444$11,541$14,102
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$14,102$23,524
Balance Sheets
201120122013
Total assets$11,541$14,102$23,524
Total liabilities$0$0$0
Net assets or fund balances$11,541$14,102$23,524
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$155,170
Subtotal$155,170
Gifts, grants, contributions, and membership fees received$48,645
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$106,525
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$155,170
Public support$155,170
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
IdNameAddressStateEstablishedTotal Income
1World Piano Pedagogy Conference Inc100 Indian Rd, Wayne, NJ 07470-4968NJ1999-06$278,741
2Asbury Park Musical Heritage Foundation Inc1 Municipal Plaza, Asbury Park, NJ 07712NJ2011-09$126,254
3Somers Point Jazz Society IncPO BOX 329, Somers Point, NJ 08244-0329NJ2004-08$112,159
4Music Unites Inc24 Pheasant Run, Old Tappan, NJ 07675-7477NJ2009-11$103,860
5Madison Public Schools Music Association, Madison Music Association Mma170 Ridgedale Avenue, Madison, NJ 07940NJ1998-01$100,821
6Trilogy An Opera Company30 Howard Ct, Newark, NJ 07103-3455NJ2004-07$61,272
7Music In The Somerset HillsPO BOX 729, Bernardsville, NJ 07924-0729NJ2011-01$60,086
8South Asian Music And Arts, Samaa2 Creekside Ct, N Brunswick, NJ 08902-4774NJ2011-09$57,271
9Verona Summer Music151 Fairview Ave, Verona, NJ 07044-1320NJ2000-10$56,520
10Talented Young Musicians Association Inc46 Bolton Ct, Somerset, NJ 08873-4741NJ2005-12$46,099
11Youth Music Group IncPO BOX 17327, Jersey City, NJ 07307-7327NJ2005-01$31,616
12Newspeak New Music Ensemble A Nj Nonprofit Corporation93 Clifton Terrace 5, Weehawken, NJ 07086NJ2008-12$27,031
13New Jersey Federation Of Music Clubs9 North Beverwyck Road, Lake Hiawatha, NJ 07034-2514NJ2013-11$26,828
14Pv Music Trio Inc304 Larch Avenue, Bogota, NJ 07603NJ2006-10$25,511
15Cherry Hill Youth Cheerleading A Nj Nonprofit Corporation904 Kingston Dr, Cherry Hill, NJ 08034NJ2012-01$24,987
16The@lawnside Music Studio Incorporated, Lawnside Music StudioPO BOX 154, Lawnside, NJ 08045-0154NJ2013-01$20,450
17Music At Bunker Hill A Nj Non-Profit Corporation18 Stonehenge Drive, Sewell, NJ 08080NJ2008-12$18,915
18Whitehouse Wind Symphony14 Lamington Rd, Whitehouse Station, NJ 08889NJ2014-05$13,807
19Leonia Chamber Musicians Society IncPO BOX 473, Leonia, NJ 07605-0473NJ2009-09$10,915
20Ancora Music Festival A Nj Nonprofit Corporation12 Michael St, Iselin, NJ 08830-1923NJ2012-10$1,050
Number of organizations performing similar types of work
Alaska8
Alabama45
Arkansas34
Arizona71
California623
Colorado120
Connecticut80
District of Columbia27
Delaware16
Florida242
Georgia110
Hawaii32
Iowa43
Idaho20
Illinois172
Indiana68
Kansas32
Kentucky44
Louisiana60
Massachusetts171
Maryland92
Maine33
Michigan156
Minnesota109
Missouri75
Mississippi23
Montana20
North Carolina111
North Dakota7
Nebraska26
New Hampshire23
New Jersey121
New Mexico43
Nevada29
New York466
Ohio125
Oklahoma33
Oregon102
Pennsylvania158
Rhode Island10
South Carolina59
South Dakota12
Tennessee84
Texas299
Utah38
Virginia128
Vermont23
Washington173
Wisconsin87
West Virginia26
Wyoming13
International8
Total4,730

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