Sarasota Music Conservatory Inc
- Assets
- $92.3k
- Revenue
- $213.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 45-4180504
Organization Overview
Sarasota Music Conservatory Inc is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Sarasota Music Conservatory 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, Sarasota Music Conservatory Inc generated $213.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $213.1k during the year ending 12/2021. While expenses have increased by 20.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MUSIC EDUCATION AND PERFORMANCE PROGRAMS TO THE CHILDREN OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARASOTA MUSIC CONSERVATORY PROVIDES CHILDREN OF ITS COMMUNITY WITH COMPREHENSIVE PRIVATE MUSIC LESSONS TAUGHT BY PROFESSIONAL CLASSICAL MUSICIANS. EACH OF THE FACULTY MEMBERS MUST HAVE A MINIMUM OF A MASTER'S DEGREE IN MUSIC PERFORMANCE IN THE INSTRUMENT OR DISCIPLINE THEY TEACH. SARASOTA MUSIC CONSERVATORY'S MUSIC LESSONS ARE TAILORED TO EACH STUDENT'S NEEDS. THE ORGANIZATION PROVIDES NEED-BASED SCHOLARSHIPS. THIS PAST YEAR, SOME OF OUR SENIOR PRIVATE STUDENTS SUCCESSFULLY AUDITIONED FOR THE JUILLIARD SCHOOL OF MUSIC, COLUMBIA UNIVERSITY AND BERKLEE SCHOOL OF MUSIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lena Cambis Treasurer/musician | Officer | 40 | $23,960 |
Stephen Fancher President/director/musician | OfficerTrustee | 5 | $8,033 |
Sean O'neil Secretary/director/musician | OfficerTrustee | 20 | $4,298 |
Daniel Jordan Director/musician | Trustee | 2 | $83 |
Dean Anderson Director | Trustee | 1 | $0 |
Rosalinda Ross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,372 |
| Noncash contributions included in lines 1a–1f | $40,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,372 |
| Total Program Service Revenue | $159,544 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,021 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,924 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130 |
| Fees for services: Other | $117,404 |
| Advertising and promotion | $3,234 |
| Office expenses | $4,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,142 |
| Travel | $27 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $532 |
| Insurance | $1,491 |
| All other expenses | $0 |
| Total functional expenses | $213,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,848 |
| Savings and temporary cash investments | $820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,503 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $40,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $92,269 |
| Accounts payable and accrued expenses | $16,766 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,766 |
| Net assets without donor restrictions | $75,503 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $92,269 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Music Conservatory Inc has recieved totaling $11,572.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $11,572 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |