Madison Music Collective Inc in Madison, Wisconsin (WI)

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Madison Music Collective Inc
Employer Identification Number (EIN)391547879
Name of OrganizationMadison Music Collective Inc
In Care of NamePaul Kronberg
AddressPo Box 2096, Madison, WI 53701-2096
Websitehttp://madisonmusiccollective.org
ActivitiesDiscussion groups, forums, panels lectures, etc.
SubsectionCharitable Organization, Educational Organization
Ruling Date05/1986
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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$10,291
Amount of Income$114,396
Form 990 Revenue Amount$114,396


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$43,354
Contributions, gifts, grants, and similar amounts received$40,270
Program service revenue including government fees and contracts$1,880
Membership dues and assessments$995
Investment income$209
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$103,477
Total net assets$9,054
Deficit for the year$-60,123
Net assets or fund balances at beginning of year$69,177
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$9,054
Total liabilities$0
Net assets or fund balances$9,054
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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 2011)
2007 - 2011 Total
Total support$147,694
Gifts, grants, contributions, and membership fees received$137,516
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$9,969
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$209
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