Community School Of Music & Arts in Ithaca, New York (NY)
Table of contents:
- Overview
- Detailed Reports
- Statements Regarding Other IRS Filings and Tax Compliance
- Statement of Revenue
- Statement of Functional Expenses
- Balance Sheet
- Reason for Public Charity Status
- Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
Community School Of Music & Arts | |
Employer Identification Number (EIN) | 160877976 |
Name of Organization | Community School Of Music & Arts |
Address | 330 East State Street, Ithaca, NY 14850-4366 |
Activities | School, college, trade school, etc., Other school related activities |
Subsection | Educational Organization |
Ruling Date | 12/1972 |
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 | $1,000,000 to $4,999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $1,014,505 |
Amount of Income | $491,530 |
Form 990 Revenue Amount | $447,360 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $491,530 (it was $480,770 in 2012)
Community School Of Music & Arts: | $491,530 |
Other organizations performing similar types of work: | $206,067 |
Assets in 2013: $1,014,505 (it was $1,037,735 in 2012)
Community School Of Music & Arts: | $1,014,505 |
Other organizations performing similar types of work: | $109,929 |
Expenses in 2012: $423,868
Community School Of Music & Arts: | $423,868 |
Other organizations performing similar types of work: | $240,853 |
Income to expenses ratio in 2012: 1.2
This organization: | 1.2 |
Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 4
Community School Of Music & Arts: | 4 |
Other organizations performing similar types of work: | 10 |
Grants share in income in 2012: 30.3%
Community School Of Music & Arts: | 30.3% |
Other organizations performing similar types of work: | 45.8% |
Revenue for 2012
Functional expenses for 2012
Support schedule
Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | Yes |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2012) | |
Total revenue | $436,332 |
Contributions, Gifts, Grants and Other Similar Amounts | $132,227 |
Program Service Revenue | $277,732 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $0 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $25,036 |
Gross rents (Real / Personal) | $68,274 / $0 |
Less: rental expenses (Real / Personal) | $43,238 / $0 |
Rental income or (loss) (Real / Personal) | $25,036 / $0 |
Net gain from sales of assets other than inventory | $1,337 |
Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $2,537 |
Less: cost or other basis and sales expenses (Securities / Other) | $0 / $1,200 |
Gain or (loss) (Securities / Other) | $0 / $1,337 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $0 |
Statement of Functional Expenses (for 2012) | |
Total functional expenses | $423,868 |
Compensation of current officers, directors, trustees, and key employees | $44,317 |
Other salaries and wages | $206,179 |
Payroll taxes | $0 |
Professional fundraising services | $0 |
Other | $173,372 |
Balance Sheet (for 2012) | |
Total assets | $1,037,735 |
Total liabilities | $751,527 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $675,856 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $75,671 |
Total net assets or fund balances | $286,208 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Reason for Public Charity Status (for 2012) | |
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) |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
2008 - 2012 Total | |
---|---|
Total Support | $627,873 |
Gifts, grants, contributions, and membership fees received | $627,459 |
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 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $414 |
Gross receipts from related activities, etc. | $0 |
Unrelated Trade or Business Income (for 2008) | |||
Income | Expenses | Net | |
---|---|---|---|
Total | $40,149 | $31,609 | $8,540 |
Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
Cost of goods sold | $0 | $0 | $0 |
Gross profit | $0 | $0 | $0 |
Capital gain net income | $0 | $0 | $0 |
Net gain | $0 | $0 | $0 |
Capital loss deduction for trusts | $0 | $0 | $0 |
Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
Rent income | $0 | $0 | $0 |
Unrelated debt-financed income | $40,149 | $31,609 | $8,540 |
Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
Exploited exempt activity income | $0 | $0 | $0 |
Advertising income | $0 | $0 | $0 |
Other income | $0 | $0 | $0 |
Deductions Not Taken Elsewhere (for 2008) | |
Total deductions | $250 |
Compensation of officers, directors, and trustees | $0 |
Salaries and wages | $0 |
Repairs and maintenance | $0 |
Bad debts | $0 |
Interest | $0 |
Taxes and licenses | $250 |
Charitable contributions | $0 |
Depreciation | $0 |
Depletion | $0 |
Contributions to deferred compensation plans | $0 |
Employee benefit programs | $0 |
Excess exempt expenses | $0 |
Excess readership costs | $0 |
Other deductions | $0 |
Unrelated business taxable income | $0 |
Unrelated business taxable income before net operating loss deduction | $8,290 |
Net operating loss deduction | $8,290 |
Unrelated business taxable income before specific deduction | $0 |
Specific deduction | $1,000 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Manhattan School Of Music | 120 Claremont Ave 115, New York, NY 10027-4689 | NY | 1947-11 | $57,202,359 |
2 | Art Students League Of New York | 215 W 57th St, New York, NY 10019-2104 | NY | 1939-07 | $12,465,487 |
3 | Alliance For Young Artists & Writers Inc | 557 Broadway 2nd Floor, New York, NY 10012-3962 | NY | 1995-05 | $3,210,147 |
4 | Center For Arts Education Inc | Fl 9, New York, NY 10018 | NY | 1997-04 | $2,709,740 |
5 | Cattaraugus County Living Arts Association | 10 Main St, Salamanca, NY 14779 | NY | 1985-03 | $32,944 |
6 | Studio Art Centers International Inc | 50 Broad Street, New York, NY 10004-2307 | NY | 1977-11 | $5,123,289 |
7 | Skowhegan School Of Painting And Sculpture Inc | 136 West 22nd Street, New York, NY 10011-2424 | NY | 1947-07 | $3,483,494 |
8 | Young Audiences-New York Inc | One East 53rd St 9th Fl, New York, NY 10022-4200 | NY | 1970-05 | $2,463,136 |
9 | Victor Association Of Cultural And Performing Arts Inc | 630 Crowley Rd, Farmington, NY 14425-9525 | NY | 1984-04 | $1,430,232 |
10 | Young Audiences Of Western New York Inc | 1 Lafayette Sq, Buffalo, NY 14203-1823 | NY | 1967-01 | $577,466 |
11 | Uptown Dance Academy Inc | 167 E 121st St, New York, NY 10035-3524 | NY | 1997-06 | $380,664 |
12 | Youth Theatre Interactions Inc | PO BOX 1187, Yonkers, NY 10702-1187 | NY | 1974-07 | $302,421 |
13 | The Quartet Program Inc | 1163 East Ave Apt 4, Rochester, NY 14607-2337 | NY | 1981-11 | $199,968 |
14 | X-Quest Inc | 1131 Van Antwerp Rd, Schenectady, NY 12309-5925 | NY | 1999-05 | $138,017 |
15 | To Make The World A Better Place | 27 Bleecker St Apt 3a, New York, NY 10012-2442 | NY | 1998-01 | $42,548 |
16 | Brave New Theatre Company Inc | 12 E 86th St Apt 723, New York, NY 10028-0512 | NY | 1993-12 | $0 |
17 | Brown Paper Press Inc | 26 Rolling Drive, Brookville, NY 11545 | NY | 2008-07 | $0 |
18 | India Center Of Art And Culture Inc | 530 W 25th St 2nd Flr, New York, NY 10001-5516 | NY | 1999-06 | $0 |
19 | The Ten Penny Players Inc | 393 Saint Pauls Avenue, Staten Island, NY 10304-2127 | NY | 1968-05 | $0 |
20 | Veve Visual Environments For Visual Education | 1925 Seventh Avenue 7 L, New York, NY 10026 | NY | 1998-08 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 310 |
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