Musicopia Inc in Philadelphia, Pennsylvania (PA)

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Musicopia Inc
Employer Identification Number (EIN)237397981
Name of OrganizationMusicopia Inc
Address2001 Market Street Suite 3100, Philadelphia, PA 19103-7044
ActivitiesCultural performances
SubsectionEducational Organization
Ruling Date08/1975
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 Period06/2014
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$603,002
Amount of Income$917,211
Form 990 Revenue Amount$895,100
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Music


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Amount of income in 2014: $917,211 (it was $902,537 in 2013)
This organization: 

 $917,211
Other organizations performing similar types of work: 

 $113,981

Assets in 2014: $603,002 (it was $555,865 in 2013)
Musicopia Inc: 

 $603,002
Other organizations performing similar types of work: 

 $85,716

Expenses in 2014: $881,951
This organization: 

 $881,951
Other organizations performing similar types of work: 

 $100,385

Income to expenses ratio in 2014: 1.0
Musicopia Inc: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 14
Musicopia Inc: 

 14
Other organizations performing similar types of work: 

 2

Grants share in income in 2014: 82.2%
This organization: 

 82.2%
Other organizations performing similar types of work: 

 36.3%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
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?NoNoNo
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?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
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?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?NoYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
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)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
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?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
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?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
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?NoNoNo
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?NoNoNo
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?NoNoNo
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?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
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?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoYesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
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?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096656278
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
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 return121014
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
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)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
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?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
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?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
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?NoNoNo
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?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$98,885$102,633$148,464
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 organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$689,004$820,458$902,537$895,100
Contributions, Gifts, Grants and Other Similar Amounts$547,798$726,476$727,356$735,498
Program Service Revenue$100,747$67,600$138,811$105,051
Musical Groups and Artists $67,600$100,200$70,650
Musical Groups and Artists $0$38,611$34,401
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$759$141$219$202
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$5,124$1,925$5,137
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$0 / $5,124$0 / $1,925$0 / $5,137
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$0 / $0$0 / $5,124$0 / $1,925$0 / $5,137
Net income/loss from fundraising events$39,700$21,117$2,976$-13,801
Gross income from fundraising events$59,653$39,784$20,279$8,310
Less: direct expenses$19,953$18,667$17,303$22,111
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$31,250$63,013
561000$0$1,250$63,000
900099$0$30,000$13
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$763,299$651,544$749,892$881,951
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$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$38,503$98,885$102,633$148,464
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$209,452$106,722$141,180$116,548
Pension plan accruals and contributions$0$0$0
Other employee benefits$978$5,207$4,702
Payroll taxes$29,023$24,744$24,764$29,511
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$3,500$6,000$6,200
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$209,358$219,261$321,639
Advertising and promotion$7,643$14,571$1,829
Office expenses$15,884$17,869$23,565
Information technology$5,371$10,305$4,659
Royalties$0$0$0
Occupancy$0$0$0
Travel$11,471$11,198$14,584
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$25,444$36,030$39,043
Interest$367$133$62
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$993$0$0
Insurance$4,994$3,950$6,371
Other expenses$1,537$2,566$109,183
Other expenses$5,625$4,922$40,771
Other expenses$39,005$30,538$10,810
Other expenses$88,588$118,255$3,485
Other expenses$435$510$525
Balance Sheet
2011201220132014
Total assets$255,031$378,569$555,865$603,002
Cash - non-interest-bearing$18,424$185,874$154,117
Savings and temporary cash investments$133,520$165,659$377,860
Pledges and grants receivable, net$205,000$195,207$60,500
Accounts receivable, net$21,625$9,125$10,525
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$0$0$0
Land, buildings, and equipment: cost or other basis$0$0$0
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$62,757$17,381$42,032$76,020
Accounts payable and accrued expenses$17,381$42,032$76,020
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$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$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$192,274$361,188$513,833$526,982
Unrestricted net assets$29,207$125,004$267,037
Temporarily restricted net assets$331,981$388,829$259,945
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$0$0$0$0
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$4,208,890
Subtotal$4,208,890
Gifts, grants, contributions, and membership fees received$3,572,922
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$635,968
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$4,371,147
Public support$4,208,890
Subtotal$1,636
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,636
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$160,621
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Musicopia Inc2001 Market Street Suite 3100, Philadelphia, PA 19103-7044PA1975-08$917,211
2Springfield Quakers Ice Hockey Association840 N Milford Rd, Downingtown, PA 19335-4154PA1986-07$848,455
3Mendelssohn Club Of PhiladelphiaPO BOX 59522, Philadelphia, PA 19102-5922PA1972-07$577,929
4Music At Gretna Inc1 Alpha Dr, Elizabethtown, PA 17022-2298PA1982-04$412,870
5Chamber Music Pittsburgh315 S Bellefield Ave, Pittsburgh, PA 15213-3504PA1963-03$357,445
6Chatham Baroque Inc, The Ice House No 201Ice House 100 43rd St, Pittsburgh, PA 15201PA1991-09$341,938
7Philadelphia Gay Mens Chorus IncorpPO BOX 30185, Philadelphia, PA 19103-8185PA1990-12$311,880
8Market Square ConcertsPO BOX 1292, Harrisburg, PA 17108-1292PA1985-07$241,537
9Philomel Concerts IncPO BOX 41055, Philadelphia, PA 19127PA1985-04$192,066
10Community Concert Assn Of Scranton Inc501 Vine St, Scranton, PA 18509-3206PA1983-11$148,154
11Lenape Chamber EnsemblePO BOX 93, Pipersville, PA 18947-0093PA1978-04$112,639
12Quakertown Music Promoters Organization Inc600 Park Ave, Quakertown, PA 18951-1541PA1994-06$104,993
13Williamsport Community Concert Assn339 Palmer Hill Rd, Williamsport, PA 17701-8875PA1977-12$66,236
14Si-Yo Music Society Foundation Inc7435 Hill Rd, Philadelphia, PA 19128-1412PA1974-11$41,832
15Relache Inc829 N 24th St, Philadelphia, PA 19130-1913PA1979-05$28,623
16Wayne Concert Series Inc4 Ridgeview Rd, Newtown Sq, PA 19073-3001PA1988-10$12,702
17Allied Motion Inc1300 22nd Ave, Altoona, PA 16601-3047PA1990-06$0
18Delaware Valley Music Club IncPo Box 247, Holicong, PA 18928PA1998-10$0
19Johnstown Community Concert Association2135 Timson St, Johnstown, PA 15905-1856PA1993-04$0
20Northern Delaware Valley Chapter Of The Pennsylvania Music Teachers926 Bent Rd, Hatfield, PA 19440PA1992-12$0
Number of organizations performing similar types of work
Alaska3
Alabama9
Arkansas2
Arizona8
California60
Colorado16
Connecticut9
District of Columbia2
Delaware2
Florida15
Georgia7
Hawaii4
Iowa2
Idaho1
Illinois22
Indiana10
Kansas5
Kentucky4
Louisiana1
Massachusetts20
Maryland10
Maine7
Michigan22
Minnesota8
Missouri7
Mississippi1
Montana1
North Carolina12
Nebraska4
New Hampshire6
New Jersey11
New Mexico6
Nevada2
New York68
Ohio19
Oklahoma3
Oregon10
Pennsylvania29
South Carolina5
South Dakota2
Tennessee7
Texas21
Utah1
Virginia16
Vermont6
Washington20
Wisconsin11
West Virginia2
Wyoming3
Total522

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