Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Long Island Conservatory of Music Inc.
990EZ • Fiscal year 2020 • EIN 26-4287484
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.18x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
84th percentile
Faster revenue growth than 84% of similar nonprofits.
Balance Sheet
Assets
Up$79,846
Up $40,870 (+105%) from 2019
Net Assets
Down-$14,554
Down $53,530 (-137%) from 2019
Liabilities
$94,400
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$166,825
Up $35,630 (+27%) from 2019
Expenses
Up$225,355
Up $98,032 (+77%) from 2019
Net Income
Down-$58,530
Down $62,402 (-1612%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 9, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $166,825
Mission and Program Overview
Mission
To educate community music and other educations.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES. | - | $203,901 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MINSUN KIM | President | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Long Island Conservatory
- EIN
- 26-4287484
- Address
- 1125 WILLIS AVE, ALBERTSON, NY 11507
Signing Officer
- Name
- Minsun Kim
- Title
- President
- Signed
- 2021-11-09
Preparer
- Firm
- Planiom Group Incorporated
- Address
- 158 -14 NORTHERN BLVD UL-1, FLUSHING, NY 11358
- Preparer
- Stephen Hs Choi
- Phone
- 7184608880
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses automobile 1,495 donation 300 insurance 1,936 legal & professional 1,200 license & permit 50 maintenance&repair 136 occupancy 117,000 office expenses 363 program-event 8,010 program-outside services 87,870 program-rent 1,000 non-investment depreciation 5,995 total 225,355”
Form 990-ez, Part I, Line 20
“Eidl advanced grant 5,000”
Form 990-ez, Part II, Line 24
“M & e 0 50,361 less accumulated depreciation 0 5,995 property and equipment 12,100 12,100 total 12,100 56,466”
Form 990-ez, Part II, Line 26
“EIDL LOAN 0 94,400”
Raw XML Appendix118 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | MINSUN KIM |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LI CONSERVATORY OF MUSIC INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5166253455 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1125 WILLIS AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ALBERTSON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11507 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 26876 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 23380 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 166825 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -58530 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 38976 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 79846 |
| IRS990EZ/GrossReceiptsAmt | 0 | 166825 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 38976 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -14554 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 38976 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -14554 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MINSUN KIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 12100 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 56466 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 5000 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 225355 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO EDUCATE COMMUNITY MUSIC AND OTHER EDUCATIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 203901 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 94400 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 225355 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 203901 |
| IRS990EZ/TotalRevenueAmt | 0 | 166825 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES AUTOMOBILE 1,495 DONATION 300 INSURANCE 1,936 LEGAL & PROFESSIONAL 1,200 LICENSE & PERMIT 50 MAINTENANCE&REPAIR 136 OCCUPANCY 117,000 OFFICE EXPENSES 363 PROGRAM-EVENT 8,010 PROGRAM-OUTSIDE SERVICES 87,870 PROGRAM-RENT 1,000 NON-INVESTMENT DEPRECIATION 5,995 TOTAL 225,355 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EIDL ADVANCED GRANT 5,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | M & E 0 50,361 LESS ACCUMULATED DEPRECIATION 0 5,995 PROPERTY AND EQUIPMENT 12,100 12,100 TOTAL 12,100 56,466 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EIDL LOAN 0 94,400 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MINSUN KIM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-11-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LONG ISLAND CONSERVATORY |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | OF MUSIC INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LONG |
| ReturnHeader/Filer/EIN | 0 | 264287484 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1125 WILLIS AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALBERTSON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11507 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 475536373 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PLANIOM GROUP INCORPORATED |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 158 -14 NORTHERN BLVD UL-1 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FLUSHING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11358 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7184608880 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-11-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEPHEN HS CHOI |
| ReturnHeader/ReturnTs | 0 | 2021-11-10T12:52:11-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MINSUN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | KIM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $79,846
- Liabilities
- $94,400
- Net assets
- -$14,554
- Revenue
- $166,825
- Expenses
- $225,355
- Net income
- -$58,530