Civic Intelligence

Long Island Conservatory of Music Inc.

990EZ • Fiscal year 2021 • EIN 26-4287484

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2022

Organization ProfileN/A
1125 Willis AveAlbertson, NY 11507

(516) 625-3455

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.99x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

1.97x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Net Margin

9th percentile

-83%

Higher net margin than 9% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Asset Growth

79th percentile

57%

Faster asset growth than 79% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

-24%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$125,199

Up $45,353 (+57%) from 2020

Net Assets

Down

-$124,401

Down $109,847 (-755%) from 2020

Liabilities

Up

$249,600

Up $155,200 (+164%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin9th percentile

Revenue

Down

$126,638

Down $40,187 (-24%) from 2020

Expenses

Up

$231,286

Up $5,931 (+2.6%) from 2020

Net Income

Down

-$104,648

Down $46,118 (-79%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200K-$400KAssets 2010: $43,934Net Assets 2010: $43,9342010Assets 2011: $56,472Net Assets 2011: $56,4722011Assets 2012: $75,252Net Assets 2012: $75,2522012Assets 2013: $38,171Net Assets 2013: $38,1712013Assets 2014: $20,724Net Assets 2014: $20,7242014Assets 2015: $44,577Net Assets 2015: $44,5772015Assets 2016: $43,417Net Assets 2016: $43,4172016Assets 2017: $41,986Net Assets 2017: $41,9862017Assets 2018: $35,104Net Assets 2018: $35,1042018Assets 2019: $38,976Net Assets 2019: $38,9762019Assets 2020: $79,846Liabilities 2020: $94,400Net Assets 2020: -$14,5542020Assets 2021: $125,199Liabilities 2021: $249,600Net Assets 2021: -$124,4012021Assets 2022: $121,579Liabilities 2022: $275,875Net Assets 2022: -$154,2962022Assets 2023: $146,756Liabilities 2023: $293,730Net Assets 2023: -$146,9742023Assets 2024: $120,963Liabilities 2024: $403,600Net Assets 2024: -$282,6372024

Highlighted filing

2021

Assets$125,199
Liabilities$249,600
Net Assets-$124,401
Open 2021 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2010: $88,990Expenses 2010: $45,056Net Income 2010: $43,9342010Revenue 2011: $189,298Expenses 2011: $176,760Net Income 2011: $12,5382011Revenue 2012: $198,479Expenses 2012: $179,699Net Income 2012: $18,7802012Revenue 2013: $181,611Expenses 2013: $218,692Net Income 2013: -$37,0812013Revenue 2014: $195,472Expenses 2014: $212,919Net Income 2014: -$17,4472014Revenue 2015: $198,603Expenses 2015: $174,750Net Income 2015: $23,8532015Revenue 2016: $195,698Expenses 2016: $196,857Net Income 2016: -$1,1592016Revenue 2017: $195,370Expenses 2017: $196,801Net Income 2017: -$1,4312017Revenue 2018: $191,982Expenses 2018: $198,863Net Income 2018: -$6,8812018Revenue 2019: $131,195Expenses 2019: $127,323Net Income 2019: $3,8722019Revenue 2020: $166,825Expenses 2020: $225,355Net Income 2020: -$58,5302020Revenue 2021: $126,638Expenses 2021: $231,286Net Income 2021: -$104,6482021Revenue 2022: $168,778Expenses 2022: $198,673Net Income 2022: -$29,8952022Revenue 2023: $198,139Expenses 2023: $190,817Net Income 2023: $7,3222023Revenue 2024: $198,907Expenses 2024: $334,570Net Income 2024: -$135,6632024

Highlighted filing

2021

Revenue$126,638
Expenses$231,286
Net Income-$104,648
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 3, 2022
Return Version
2021v4.0
Gross Receipts
$126,638
Mission and Program Overview

Mission

To educate community music and other educations.

Program Services

DescriptionGrantsExpenses
TO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES.-$220,559
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MINSUN KIMPresidentPT$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
2022-11-03

Preparer

Firm
Planiom Group Incorporated
Address
3125 UNION ST, FLUSHING, NY 11354
Preparer
Stephen Hs Choi
Phone
7184608880
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office expense 12,843 bank charge 12 license & permit 50 telephone 396 internet & cable 205 program-outside service 17,045 program-event 25,500 transportatoin 600 non-investment depreciation 7,195 total 63,846”

Form 990-ez, Part I, Line 20

“Refund on contribution -5,200”

Form 990-ez, Part II, Line 24

“50,361 50,361 less accumulated depreciation 5,995 13,190 property and equipment 12,100 12,100 total 56,466 49,271”

Form 990-ez, Part II, Line 26

“EIDL LOAN 94,400 249,600”

Raw XML Appendix117 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0LI CONSERVATORY OF MUSIC INC
IRS990EZ/BooksInCareOfDetail/PhoneNum05166253455
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01125 WILLIS AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ALBERTSON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011507
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt023381
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt075928
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt082019
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-104648
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt028418
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt079847
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0125199
IRS990EZ/GrossReceiptsAmt0126638
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-14553
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-124401
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-14553
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-124401
IRS990EZ/OccupancyRentUtltsAndMaintAmt0139022
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MINSUN KIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt056466
IRS990EZ/OtherAssetsTotalDetail/EOYAmt049271
IRS990EZ/OtherChangesInNetAssetsAmt0-5200
IRS990EZ/OtherExpensesTotalAmt063846
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO EDUCATE COMMUNITY MUSIC AND OTHER EDUCATIONS.
IRS990EZ/ProgramServiceRevenueAmt044617
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0220559
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt094400
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0249600
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0231286
IRS990EZ/TotalProgramServiceExpensesAmt0220559
IRS990EZ/TotalRevenueAmt0126638
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt082019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt082019
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt044619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt044619
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0126638
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0126638
IRS990ScheduleA/Total509Grp/TotalAmt0126638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0126638
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0126638
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 12,843 BANK CHARGE 12 LICENSE & PERMIT 50 TELEPHONE 396 INTERNET & CABLE 205 PROGRAM-OUTSIDE SERVICE 17,045 PROGRAM-EVENT 25,500 TRANSPORTATOIN 600 NON-INVESTMENT DEPRECIATION 7,195 TOTAL 63,846
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REFUND ON CONTRIBUTION -5,200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt250,361 50,361 LESS ACCUMULATED DEPRECIATION 5,995 13,190 PROPERTY AND EQUIPMENT 12,100 12,100 TOTAL 56,466 49,271
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EIDL LOAN 94,400 249,600
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MINSUN KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LONG ISLAND CONSERVATORY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF MUSIC INC
ReturnHeader/Filer/BusinessNameControlTxt0LONG
ReturnHeader/Filer/EIN0264287484
ReturnHeader/Filer/USAddress/AddressLine1Txt01125 WILLIS AVE
ReturnHeader/Filer/USAddress/CityNm0ALBERTSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011507
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475536373
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANIOM GROUP INCORPORATED
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03125 UNION ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011354
ReturnHeader/PreparerPersonGrp/PhoneNum07184608880
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN HS CHOI
ReturnHeader/ReturnTs02022-11-09T10:14:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MINSUN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KIM
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$125,199
Liabilities
$249,600
Net assets
-$124,401
Revenue
$126,638
Expenses
$231,286
Net income
-$104,648
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.21$4.04$2.83$1.99$3.35$1.36
2023Detailed filing. Detailed filing data is available for this year.$1.47$2.94$1.47$1.98$1.91$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.22$2.76$1.54$1.69$1.99$0.30
2021Detailed filing. Detailed filing data is available for this year.$1.25$2.50$1.24$1.27$2.31$1.05
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.94$0.15$1.67$2.25$0.59
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.39$1.31$1.27$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.35$1.92$1.99$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.42$1.95$1.97$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.43$1.96$1.97$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.45$1.99$1.75$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.21$1.95$2.13$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.38$0.38$1.82$2.19$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.75$1.98$1.80$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.56$1.89$1.77$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.44$0.89$0.45$0.44