Unknown Organization

990EZ • Fiscal year 2013 • EIN 56-2019664

Jul 01, 2012 to Jun 30, 2013 • Filed on Jan 10, 2014

Organization Profile

1400 Red Banks Road27858

Siviq Scores

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

5.41x

Higher debt load relative to assets than 98% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.71x

Higher debt load relative to revenue than 94% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-8.7%

Higher net margin than 25% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-38%

Faster asset growth than 12% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-4.0%

Faster revenue growth than 40% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets98th percentile

Assets

Down

$14,586

Down $9,054 (-38%) from 2012

Net Assets

Down

-$64,263

Down $9,683 (-18%) from 2012

Liabilities

$78,849

Up $629 (+0.8%) from 2012

Revenue And Expenses

Liabilities / Revenue94th percentile Net Margin25th percentile

Revenue

Down

$111,380

Down $4,676 (-4.0%) from 2012

Expenses

Down

$121,063

Down $9,823 (-7.5%) from 2012

Net Income

-$9,683

Up $5,147 (+35%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

Highlighted filing

2013

Assets$14,586

Liabilities$78,849

Net Assets-$64,263

Open 2013 Filing

Operations Trend

Revenue Growth40th percentile

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

Highlighted filing

2013

Revenue$111,380

Expenses$121,063

Net Income-$9,683

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: Jan 10, 2014
Return Version: 2012v2.3

Filing and Contact Details

Filer

EIN: 56-2019664

Raw XML Appendix193 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/Compensation/PersonName	0	MRS LILLIAN OUTTERBRIDGE
CompensationExplanation/Compensation/PersonName	1	MRS BETSY LEHMAN
CompensationExplanation/Compensation/PersonName	2	MS ALISON MOSSEY
CompensationExplanation/Compensation/PersonName	3	MRS CHERYL STEPHENSON
CompensationExplanation/Compensation/PersonName	4	MRS VICTORIA BROWN
CompensationExplanation/Compensation/PersonName	5	MRS EMALYNN COLARDO
CompensationExplanation/Compensation/PersonName	6	MR JAMES FLEMING
CompensationExplanation/Compensation/PersonName	7	MRS STEFANIE HOBBS
CompensationExplanation/Compensation/PersonName	8	DR DAVID LUSK
CompensationExplanation/Compensation/PersonName	9	MR FREDDIE OUTTERBRIDGE
IRS990EZ/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/CashSavingsAndInvestments/BOY	0	10717
IRS990EZ/CashSavingsAndInvestments/EOY	0	9909
IRS990EZ/ContributionsGiftsGrantsEtc	0	5121
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/EngageInLobbyingActivities	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	-9683
IRS990EZ/FeesAndOthPymtToIndContractors	0	3396
IRS990EZ/FiledScheduleA	0	true
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/FundraisingGrossIncome	0	9515
IRS990EZ/GrossReceipts	0	112225
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InvestmentIncome	0	4
IRS990EZ/LoansToFromOfficers	0	52595
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	true
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	-54580
IRS990EZ/NetAssetsOrFundBalancesBOY	0	-54580
IRS990EZ/NetAssetsOrFundBalances/EOY	0	-64263
IRS990EZ/NetAssetsOrFundBalancesEOY	0	-64263
IRS990EZ/OccupancyRentUtilitiesAndMaint	0	20340
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	2.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	2.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	10.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	4	2.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	5	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	6	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	7	2.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	8	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	9	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	6873
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	4	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	6	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	7	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	8	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	9	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	MRS LILLIAN OUTTERBRIDGE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	MRS BETSY LEHMAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	MS ALISON MOSSEY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	MRS CHERYL STEPHENSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	4	MRS VICTORIA BROWN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	5	MRS EMALYNN COLARDO
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	6	MR JAMES FLEMING
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	7	MRS STEFANIE HOBBS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	8	DR DAVID LUSK
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	9	MR FREDDIE OUTTERBRIDGE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	FACULTY REPR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	4	SECRETARY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	5	MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	6	MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	7	TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	8	MEMBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	9	MEMBER
IRS990EZ/OperatingSchool	0	false
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	12923
IRS990EZ/OtherAssetsTotal/EOY	0	4677
IRS990EZ/OtherExpensesTotal	0	13718
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	TO PROVIDE MUSIC INSTRUCTION AND MUSIC THERAPY TO INDIVIDUALS.
IRS990EZ/PrintingPublicationsPostage	0	1370
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	TO PROVIDE MUSIC INSTRUCTION AND MUSIC THERAPY FOR APPROXIMATELY 250 STUDENTS.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	101829
IRS990EZ/ProgramServiceRevenue	0	97585
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/SalariesOtherCompEmplBenefits	0	82239
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsDirectExpenses	0	845
IRS990EZ/SpecialEventsNetIncomeLoss	0	8670
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/SumOfTotalLiabilities/BOY	0	78220
IRS990EZ/SumOfTotalLiabilities/EOY	0	78849
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	1400 RED BANKS ROAD
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	GREENVILLE
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	NC
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	27858
IRS990EZ/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1	0	MUSIC ACADEMY OF EASTERN CAROLINA
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	2523536232
IRS990EZ/TotalAssets/BOY	0	23640
IRS990EZ/TotalAssets/EOY	0	14586
IRS990EZ/TotalExpenses	0	121063
IRS990EZ/TotalProgramServiceExpenses	0	101829
IRS990EZ/TotalRevenue	0	111380
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	false
IRS990EZ/WebSite	0	N/A
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear	0	5121
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year	0	7605
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years	0	11570
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years	0	7306
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years	0	67658
IRS990ScheduleA/GiftsGrantsContribReceived170/Total	0	99260
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear	0	4340
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year	0	3060
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years	0	2076
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years	0	2129
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years	0	4907
IRS990ScheduleA/GrossInvestmentIncome170/Total	0	16512
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc	0	102764
IRS990ScheduleA/OtherIncome170/CurrentTaxYear	0	9515
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year	0	9833
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years	0	6521
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years	0	5581
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years	0	7551
IRS990ScheduleA/OtherIncome170/Total	0	39001
IRS990ScheduleA/PubliclySupportedOrg170b1Avi	0	X
IRS990ScheduleA/PublicSupportPertcentage170	0	0.64130
IRS990ScheduleA/PublicSupportPertcentPriorYear	0	0.69690
IRS990ScheduleA/PublicSupportTotal170	0	99260
IRS990ScheduleA/ThirtyThreePercntTestsCY170	0	X
IRS990ScheduleA/Total170/CurrentTaxYear	0	5121
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year	0	7605
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years	0	11570
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years	0	7306
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years	0	67658
IRS990ScheduleA/Total170/Total	0	99260
IRS990ScheduleA/TotalSupport	0	154773
IRS990ScheduleL/LoanTable/ApprovedByBoard	0	true
IRS990ScheduleL/LoanTable/BalanceDue	0	52595
IRS990ScheduleL/LoanTable/Default	0	false
IRS990ScheduleL/LoanTable/LoanToOrganization	0	X
IRS990ScheduleL/LoanTable/NamePerson	0	CHERYL STEPHENSON
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount	0	39896
IRS990ScheduleL/LoanTable/PurposeOfLoan	0	MONEY NEEDED FOR OPERATIONS
IRS990ScheduleL/LoanTable/WrittenAgreement	0	true
IRS990ScheduleL/TotalBalanceDue	0	52595
IRS990ScheduleO/GeneralExplanation/Explanation	0	EXPENSES MARKETING SUPPLIES 88 OFFICE SUPPLIES 2,185 BANK CHARGES/BANKCARD FEES 1,496 CONFERENCES/MEETINGS 378 INTEREST 2,250 NON-INVESTMENT DEPRECIATION 7,321 TOTAL 13,718
IRS990ScheduleO/GeneralExplanation/Explanation	1	ACCOUNTS RECEIVABLE 2,583 1,658 EQUIPMENT & OTHER DEPRECIABLE ASSETS 125,426 125,426 LESS ACCUMULATED DEPRECIATION 115,086 122,407 TOTAL 12,923 4,677
IRS990ScheduleO/GeneralExplanation/Explanation	2	CREDIT CARDS 566 0 PAYROLL TAXES PAYABLE 2,129 1,604 LITTLE BANK LOC 28,014 24,650 LOANS FROM OFFICERS 47,511 52,595
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	1	OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	562019664
ReturnHeader/Filer/Name/BusinessNameLine1	0	MUSIC ACADEMY OF EASTERN CAROLINA
ReturnHeader/Filer/NameControl	0	MUSI
ReturnHeader/Filer/Phone	0	2523536232
ReturnHeader/Filer/USAddress/AddressLine1	0	1400 RED BANKS ROAD
ReturnHeader/Filer/USAddress/City	0	GREENVILLE
ReturnHeader/Filer/USAddress/State	0	NC
ReturnHeader/Filer/USAddress/ZIPCode	0	27858
ReturnHeader/Officer/AuthorizeThirdParty	0	true
ReturnHeader/Officer/DateSigned	0	2014-01-10
ReturnHeader/Officer/Name	0	CHERYL STEPHENSON
ReturnHeader/Officer/Phone	0	2523536232
ReturnHeader/Officer/Title	0	EXECUTIVE DIRECTOR
ReturnHeader/Preparer/DatePrepared	0	2014-01-13
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	PADGETT BUSINESS SERVICES
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	103 E VICTORIA CT STE D
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	GREENVILLE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	NC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	278585753
ReturnHeader/Preparer/Name	0	JEAN JONES
ReturnHeader/Preparer/Phone	0	2523211037
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-07-01
ReturnHeader/TaxPeriodEndDate	0	2013-06-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2014-01-13T14:34:10-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $14,586
Liabilities: $78,849
Net assets: -$64,263
Revenue: $111,380
Expenses: $121,063
Net income: -$9,683

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.15	$0.79	$0.64	$1.11	$1.21	$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.24	$0.78	$0.55	$1.16	$1.31	$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.32	$0.72	$0.40	$1.17	$1.41	$0.24