Pegasus Early Music in Rochester, New York (NY)
Table of contents:
| Pegasus Early Music | |
| Employer Identification Number (EIN) | 412194632 |
| Name of Organization | Pegasus Early Music |
| In Care of Name | Deborah Fox |
| Address | 211 Cobbs Hill Dr, Rochester, NY 14610-2820 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/2007 |
| 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 | 05/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $76,427 |
| Amount of Income | $143,638 |
| Form 990 Revenue Amount | $143,475 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2014: $143,638 (it was $70,526 in 2013)
| Pegasus Early Music: | $143,638 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2014: $76,427 (it was $1,174 in 2013)
| This organization: | $76,427 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2014: $68,222
| This organization: | $68,222 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2014: 2.1
| Pegasus Early Music: | 2.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 87.2%
| Pegasus Early Music: | 87.2% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $55,258 | $67,256 | $69,479 | $143,475 |
| Contributions, gifts, grants, and similar amounts received | $31,413 | $44,242 | $47,552 | $125,164 |
| Program service revenue including government fees and contracts | $18,658 | $21,090 | $15,959 | $17,724 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $587 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $0 | $750 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 | $163 |
| Net income/loss from gaming and fundraising events | $2,427 | $1,924 | $5,968 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $2,760 | $0 | $0 | $0 |
| Total expenses | $42,171 | $75,070 | $76,494 | $68,222 |
| Total net assets | $27,505 | $8,189 | $1,174 | $76,427 |
| Excess/Deficit for the year | $13,087 | $-7,814 | $-7,015 | $75,253 |
| Net assets or fund balances at beginning of year | $2,918 | $27,505 | $8,189 | $1,174 |
| Other changes in net assets or fund balances | $11,500 | $-11,502 | $0 | $0 |
| Net assets or fund balances at end of year | $8,189 | $1,174 | $76,427 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $27,505 | $8,423 | $1,174 | $76,427 |
| Total liabilities | $0 | $234 | $0 | $0 |
| Net assets or fund balances | $27,505 | $8,189 | $1,174 | $76,427 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| 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? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $282,249 |
| Subtotal | $282,249 |
| Gifts, grants, contributions, and membership fees received | $194,119 |
| 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 | $73,431 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $14,699 |
| 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 | $282,249 |
| Public support | $282,249 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sing For Hope Inc | 575 8th Ave Rm 1812, New York, NY 10018-3501 | NY | 2007-06 | $699,609 |
| 2 | So Percussion Inc | 20 Grand Ave, Brooklyn, NY 11205-1317 | NY | 2007-09 | $554,584 |
| 3 | Summit Music Festival Inc | 270 Washington Ave, Pleasantville, NY 10570-2039 | NY | 1993-04 | $457,570 |
| 4 | Songs Of Solomon An Inspirational Ensemble | 133 W 138th Street 3a, New York, NY 10030-2363 | NY | 2015-04 | $388,487 |
| 5 | Decoda Inc | 112 St Marks Pl Suite 2, Brooklyn, NY 11217-2015 | NY | 2013-05 | $363,784 |
| 6 | American Friends Of Les Arts Florissants Inc | 15 West 70th Street, New York, NY 10023 | NY | 2013-03 | $340,745 |
| 7 | Prism Quartet Incorporated | 30 Seaman Avenue 4m, New York, NY 10034 | NY | 2009-06 | $245,458 |
| 8 | Tenet Nyc Inc | 262 W 107th St Apt 3b, New York, NY 10025-8350 | NY | 2004-03 | $232,193 |
| 9 | Brooklyn Youth Music Project Inc | C/O Freedman Petito 250 W 57 St, New York, NY 10019 | NY | 2011-05 | $220,728 |
| 10 | Phoenicia Festival Of The Voice Foundation | PO BOX 327, Phoenicia, NY 12464-0327 | NY | 2011-08 | $139,055 |
| 11 | Capitol Hill Coffee House Ministry | 432 State Street, Schenectady, NY 12305-2391 | NY | 2015-01 | $135,923 |
| 12 | Nesin Cultural Arts Inc | 85 Rock Ridge Drive, Monticello, NY 12701 | NY | 2011-11 | $114,140 |
| 13 | Opus Ithaca School Of Music Inc, Opus Ithaca | 402 N Aurora St, Ithaca, NY 14850-4215 | NY | 2013-03 | $108,043 |
| 14 | Musiquarium Inc | 42 Wooster St Apt 4s, New York, NY 10013-2230 | NY | 2013-03 | $106,348 |
| 15 | Talent Under One Roof Inc | 1328 Flatbush Ave, Brooklyn, NY 11210-1233 | NY | 2007-07 | $105,779 |
| 16 | Pianosonoma Music Festival Inc | 31 Tiemann Place, New York, NY 10027-3302 | NY | 2013-02 | $97,975 |
| 17 | Oriskany Alliance Incorporated | 33014 Mason Rd, Cape Vincent, NY 13618-2206 | NY | 2008-07 | $92,075 |
| 18 | The New Life Music Project | 183 Madison Ave Ph, New York, NY 10016-4501 | NY | 2003-03 | $90,907 |
| 19 | The Harlem Chamber Players Inc | 191 Claremont Ave Apt 25, New York, NY 10027-4041 | NY | 2011-12 | $90,208 |
| 20 | The Musicians Aid Society Of New York Inc | 111 John St Rm 420, New York, NY 10038-3126 | NY | 2014-10 | $89,472 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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