Promusic Center Inc.

990EZ • Fiscal year 2014 • EIN 56-2106076

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 11, 2014

Organization Profile www.promusicconservatory.org

PO Box 734227895-7342

(252) 291-3386

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

12%

Higher net margin than 69% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

$14,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 35.6% of source-year revenue.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

287%

Faster asset growth than 95% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Annualized from 2013 to 2014

47%

Faster revenue growth than 82% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets49th percentile

Assets

$6,403

Up $4,749 (+287%) from 2013

Net Assets

$6,403

Up $4,749 (+287%) from 2013

Liabilities

Flat

Flat from 2013

Revenue And Expenses

Liabilities / Revenue48th percentile Net Margin69th percentile

Revenue

$40,701

Up $12,974 (+47%) from 2013

Expenses

$35,952

Up $8,549 (+31%) from 2013

Net Income

$4,749

Up $4,425 (+1366%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

Highlighted filing

2014

Assets$6,403

Liabilities$0

Net Assets$6,403

Open 2014 Filing

Operations Trend

Revenue Growth82nd percentile

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

Highlighted filing

2014

Revenue$40,701

Expenses$35,952

Net Income$4,749

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2013 to Jun 30, 2014
Signed: Nov 11, 2014
Return Version: 2013v3.0
Gross Receipts: $40,701

Mission and Program Overview

Mission

To provide professional training in the musical arts for the whole community regardless of age, ethnicity, or socioeconomic status.

To provide professional training in the musical arts.

Program Services

Description	Grants	Expenses
Music Instruction: Individual vocal and instrumental lessons, early childhood music enrichment classes and summer music camps. (55 clients)	$0	$16,334
Performing Arts Programs, Children's Touring Choir and Senior Citizens tone chimes ensemble (25 students). Student recitals and student ensemble concerts (150 in audiences)	$0	$2,600

Compensation and Service Providers

Top Officer Pay81st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Gayla Turk	Exec Director/CEO	FT	$14,500	-	$14,500
Linda Foster	Board Member	-	$0	-	-
Evon Lathan	Board Member	-	$0	-	-
Elisabed Serrano	Board Member	-	$0	-	-
Alberta Dogbe	Board Member	-	$0	-	-
Michelle Manavi	Board Member	-	$0	-	-

Filing and Contact Details

Filer

EIN: 56-2106076
Phone: 2522913386

Signing Officer

Name: Gayla Turk
Title: Executive Director
Phone: 2522913386
Signed: 2014-11-11

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“These expenses include legal and accounting fees, interest and program expenses such an instructional materials, instruments and instrument maintenance, music and fund raising expenses.”

Form 990-EZ, Part II, Line 24

“accounts receivable”

Raw XML Appendix247 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	PO Box 7342
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2	0	105 W Nash St
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	Wilson
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	278957342
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	Board Member
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	585
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IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	4872
IRS990EZ/OtherRevenueTotalAmt	0	0
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	To provide professional training in the musical arts.
IRS990EZ/PrintingPublicationsPostageAmt	0	1829
IRS990EZ/ProgramServiceRevenueAmt	0	25171
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Music Instruction: Individual vocal and instrumental lessons, early childhood music enrichment classes and summer music camps. (55 clients)
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	Performing Arts Programs, Children's Touring Choir and Senior Citizens tone chimes ensemble (25 students). Student recitals and student ensemble concerts (150 in audiences)
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IRS990EZ/ScheduleBNotRequiredInd	0	X
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IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
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IRS990EZ/TotalRevenueAmt	0	40701
IRS990EZ/TransactionWithControlEntInd	0	0
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	These expenses include legal and accounting fees, interest and program expenses such an instructional materials, instruments and instrument maintenance, music and fund raising expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	accounts receivable
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990-EZ, Part II, Line 24
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Gayla Turk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2522913386
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	PROMUSIC CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt	0	PROM
ReturnHeader/Filer/EIN	0	562106076
ReturnHeader/Filer/PhoneNum	0	2522913386
ReturnHeader/Filer/USAddress/AddressLine1	0	PO Box 7342
ReturnHeader/Filer/USAddress/City	0	Wilson
ReturnHeader/Filer/USAddress/State	0	NC
ReturnHeader/Filer/USAddress/ZIPCode	0	278957342
ReturnHeader/ReturnTs	0	2014-11-11T10:23:58-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-07-01
ReturnHeader/TaxPeriodEndDt	0	2014-06-30
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $6,403
Liabilities: $0
Net assets: $6,403
Revenue: $40,701
Expenses: $35,952
Net income: $4,749

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$0.11	$0.00	$0.11	$0.36	$0.37	$0.01
2024Detailed filing. Detailed filing data is available for this year.	$0.13	$0.00	$0.13	$0.32	$0.38	$0.06
2023Detailed filing. Detailed filing data is available for this year.	$0.20	$0.00	$0.20	$0.50	$0.41	$0.09
2022Detailed filing. Detailed filing data is available for this year.	$0.11	$0.00	$0.11	$0.49	$0.42	$0.07
2021Detailed filing. Detailed filing data is available for this year.	$0.03	$0.00	$0.03	$0.32	$0.35	$0.02
2020Detailed filing. Detailed filing data is available for this year.	$0.08	$0.00	$0.08	$0.36	$0.33	$0.02
2019Detailed filing. Detailed filing data is available for this year.	$0.06	$0.00	$0.06	$0.37	$0.38	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$0.08	$0.00	$0.08	$0.40	$0.37	$0.03
2017Detailed filing. Detailed filing data is available for this year.	$0.04	$0.00	$0.04	$0.34	$0.34	$0.00
2016Detailed filing. Detailed filing data is available for this year.	$0.04	$0.00	$0.04	$0.44	$0.43	$0.02
2015Detailed filing. Detailed filing data is available for this year.	$0.02	$0.00	$0.02	$0.44	$0.48	$0.04
2014Detailed filing. Detailed filing data is available for this year.	$0.06	$0.00	$0.06	$0.41	$0.36	$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.02	$0.00	$0.02	$0.28	$0.27	$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.02	$0.00	$0.02	$1.07	$1.14	$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.08	$0.00	$0.08	$0.44	$0.43	$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.06	$0.00	$0.06	$0.46	$0.41	$0.05