Texas Association Of Music Schools in Corpus Christi, Texas (TX)

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Texas Association Of Music Schools
Employer Identification Number (EIN)742041450
Name of OrganizationTexas Association Of Music Schools
In Care of NameDR JAMES LEE
AddressMusic Dept Texas A And M University 6300 Ocean Drive, Corpus Christi, TX 78412-5720
SubsectionCharitable Organization
Ruling Date12/1980
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period2008
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$653,362
Amount of Income$308,760
Form 990 Revenue Amount$308,760


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Financial snapshot ($)

Revenue 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?No
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$308,760
Contributions, Gifts, Grants and Other Similar Amounts$304,779
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,022
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$2,959
Statement of Functional Expenses (for 2012)
Total functional expenses$222,421
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$222,421
Balance Sheet (for 2012)
Total assets$653,362
Total liabilities$0
Total net assets or fund balances$653,362
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: (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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$122,476
Gifts, grants, contributions, and membership fees received$103,431
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$16,108
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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$2,883
Other$54
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