Long Island Conservatory Of Music Inc
- Assets
- $125.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albertson, NY
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 26-4287484
Organization Overview
Long Island Conservatory Of Music Inc is located in Albertson, NY. The organization was established in 2009. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Conservatory Of Music Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Long Island Conservatory Of Music Inc generated $126.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $231.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,019 |
| Total Program Service Revenue | $44,617 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,638 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $28,418 |
| Occupancy, rent, utilities, and maintenance | $139,022 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,846 |
| Total expenses | $231,286 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,928 |
| Other assets | $0 |
| Total assets | $125,199 |
| Total liabilities | $249,600 |
| Net assets or fund balances | -$124,401 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Long Island Conservatory Of Music Inc has recieved totaling $10,095.
| Awarding Organization | Amount |
|---|---|
National Council For Community Development Inc Brooklyn, NY PURPOSE: COVID-19 ASSISTANCE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $95 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Curtis Institute Of Music Philadelphia, PA | $375,391,914 | $65,896,582 |
Universal Ballet Foundation Tarrytown, NY | $0 | $12,642,868 |
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |