Civic Intelligence

Long Island Conservatory of Music Inc.

990EZ • Fiscal year 2023 • EIN 26-4287484

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 28, 2024

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

2.00x

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

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.48x

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

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Net Margin

48th percentile

3.7%

Higher net margin than 48% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

17%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$146,756

Up $25,177 (+21%) from 2022

Net Assets

Up

-$146,974

Up $7,322 (+4.7%) from 2022

Liabilities

Up

$293,730

Up $17,855 (+6.5%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin48th percentile

Revenue

Up

$198,139

Up $29,361 (+17%) from 2022

Expenses

Down

$190,817

Down $7,856 (-4.0%) from 2022

Net Income

Up

$7,322

Up $37,217 (+124%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2023

Assets$146,756
Liabilities$293,730
Net Assets-$146,974
Open 2023 Filing

Operations Trend

Revenue Growth58th 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

2023

Revenue$198,139
Expenses$190,817
Net Income$7,322
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 28, 2024
Return Version
2023v5.0
Gross Receipts
$198,139
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.-$177,670
Compensation and Service Providers
Top Officer Pay77th 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
2024-10-28

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office expense 187 interest on eidl 9,954 bank charge 663 donation 4,800 program-event 12,885 security 124 telephone 345 non-investment depreciation 14,507 total 43,465”

Form 990-ez, Part II, Line 24

“112,881 134,081 less accumulated depreciation 23,510 38,017 property and equipment 12,100 12,100 total 101,471 108,164”

Form 990-ez, Part II, Line 26

“Eidl loan 249,600 249,600 unearned revenue 26,275 44,130”

Raw XML Appendix121 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/BOYAmt020108
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt038592
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0190510
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt07322
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt028352
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0121579
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0146756
IRS990EZ/GrossReceiptsAmt0198139
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-154296
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-146974
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-154296
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-146974
IRS990EZ/OccupancyRentUtltsAndMaintAmt0119000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MINSUN KIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0101471
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0108164
IRS990EZ/OtherExpensesTotalAmt043465
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO EDUCATE COMMUNITY MUSIC AND OTHER EDUCATIONS.
IRS990EZ/ProgramServiceRevenueAmt07629
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0177670
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0275875
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0293730
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0190817
IRS990EZ/TotalProgramServiceExpensesAmt0177670
IRS990EZ/TotalRevenueAmt0198139
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0190510
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0161090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt082019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0433619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt07629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt044619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt059936
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0493555
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0198139
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0168778
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0126638
IRS990ScheduleA/Total509Grp/TotalAmt0493555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0198139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0168778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0126638
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0493555
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 187 INTEREST ON EIDL 9,954 BANK CHARGE 663 DONATION 4,800 PROGRAM-EVENT 12,885 SECURITY 124 TELEPHONE 345 NON-INVESTMENT DEPRECIATION 14,507 TOTAL 43,465
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1112,881 134,081 LESS ACCUMULATED DEPRECIATION 23,510 38,017 PROPERTY AND EQUIPMENT 12,100 12,100 TOTAL 101,471 108,164
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EIDL LOAN 249,600 249,600 UNEARNED REVENUE 26,275 44,130
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MINSUN KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-28
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN CHOI
ReturnHeader/ReturnTs02024-10-29T16:06:06-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$146,756
Liabilities
$293,730
Net assets
-$146,974
Revenue
$198,139
Expenses
$190,817
Net income
$7,322
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