Mount Olive Music Academy Inc in Knoxville, Tennessee (TN)
Table of contents:
| Mount Olive Music Academy Inc | |
| Employer Identification Number (EIN) | 271892783 |
| Name of Organization | Mount Olive Music Academy Inc |
| Address | 1601 Dandridge Ave, Knoxville, TN 37915-1903 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2010 |
| 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 | 09/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $30,175 |
| Amount of Income | $40,931 |
| Form 990 Revenue Amount | $38,830 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Schools |
Non-representatives - add comments:
Amount of income in 2014: $40,931 (it was $55,254 in 2013)
| This organization: | $40,931 |
| Other organizations performing similar types of work: | $109,191 |
Assets in 2014: $30,175 (it was $32,725 in 2013)
| This organization: | $30,175 |
| Other organizations performing similar types of work: | $19,744 |
Expenses in 2013: $51,125
| Mount Olive Music Academy Inc: | $51,125 |
| Other organizations performing similar types of work: | $103,372 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 75.9%
| This organization: | 75.9% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $47,270 | $47,417 | $55,254 |
| Contributions, gifts, grants, and similar amounts received | $33,513 | $29,292 | $41,935 |
| Program service revenue including government fees and contracts | $13,719 | $18,102 | $16,130 |
| Membership dues and assessments | $0 | $0 | $16 |
| Investment income | $38 | $23 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-2,827 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $2,827 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $49,103 | $49,267 | $51,125 |
| Total net assets | $30,446 | $28,596 | $32,725 |
| Excess/Deficit for the year | $-1,833 | $-1,850 | $4,129 |
| Net assets or fund balances at beginning of year | $32,279 | $30,446 | $28,596 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $28,596 | $32,725 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $30,446 | $28,596 | $32,725 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $30,446 | $28,596 | $32,725 |
| 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 | $92,208 |
| Subtotal Support | $95,181 |
| Gifts, grants, contributions, and membership fees received | $95,181 |
| 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 | $2,973 |
| Total Support | $95,291 |
| Public Support | $95,181 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $110 |
| 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. | $109,558 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gelsey Kirkland Academy Of Classical Ballet | 400 Central Park West Suite 14, New York, NY 10025-5880 | NY | 2010-12 | $2,087,457 |
| 2 | Music Makers Foundation Inc, Boston String Quartet Vuk School Of Groove | 883 Cambridge Street, Cambridge, MA 02141 | MA | 2011-01 | $751,284 |
| 3 | Walden School | 31a 29th St, San Francisco, CA 94110-4910 | CA | 2010-05 | $667,393 |
| 4 | Woodlawn Arts Academy | 3807 Woodlawn Rd, Sterling, IL 61081-4218 | IL | 2011-12 | $592,946 |
| 5 | Sol-La Music Academy | 1812 Stanford St, Santa Monica, CA 90404-4118 | CA | 2009-05 | $581,182 |
| 6 | Velocity Dance Center | 1621 12th Ave, Seattle, WA 98122-8418 | WA | 2000-08 | $559,870 |
| 7 | Spindrift School Of Performing Arts Inc | 1050 Crespi Dr, Pacifica, CA 94044-3513 | CA | 2003-08 | $520,306 |
| 8 | St Paul Conservatory Of Music | 26 Exchange St E Ste 500, Saint Paul, MN 55101-1695 | MN | 2001-07 | $463,748 |
| 9 | Uptown Arts | 123 E Liberty St, Cincinnati, OH 45202-6509 | OH | 2001-01 | $412,494 |
| 10 | Bay Colony Productions | PO BOX 266, Foxboro, MA 02035-0266 | MA | 2009-08 | $399,373 |
| 11 | Santa Barbara Community Youth Performing Arts Center | PO BOX 21046, Santa Barbara, CA 93121-1046 | CA | 2000-08 | $369,052 |
| 12 | World Music Company | 10117 S Prospect Ave, Chicago, IL 60643-2152 | IL | 2007-09 | $342,557 |
| 13 | Suzuki Royal Oak Institute Of Music, Friends Of Suzuki Royal Oak | 30701 Barrington St Ste 125, Madison Hts, MI 48071-5107 | MI | 1995-12 | $337,156 |
| 14 | Art & Drama Centre Theatre | 5220 Village Creek Dr, Plano, TX 75093-5066 | TX | 2012-04 | $321,429 |
| 15 | Cleveland Center For Arts And Technology | 3634 Euclid Ave Ste 100, Cleveland, OH 44115-2535 | OH | 2010-08 | $296,471 |
| 16 | International Ballet Academy Of Norwell Inc | 34 Accord Park Dr, Norwell, MA 02061-1606 | MA | 2011-03 | $294,741 |
| 17 | Water Way Arts For Health And Energy Inc | 131 Cypress St, Brookline, MA 02445-6014 | MA | 2006-01 | $267,411 |
| 18 | Suzuki Music Columbus Inc | PO BOX 91236, Columbus, OH 43209-7236 | OH | 2008-05 | $266,199 |
| 19 | Music Arts Inc | 148 Talmeda Road, Oak Ridge, TN 37830 | TN | 2001-08 | $44,554 |
| 20 | Mount Olive Music Academy Inc | 1601 Dandridge Ave, Knoxville, TN 37915-1903 | TN | 2010-08 | $40,931 |
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