Promusic Center Inc.

990EZ • Fiscal year 2015 • EIN 56-2106076

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 02, 2015

Organization Profile www.promusicconservatory.org

PO Box 7342Wilson, NC 27895-7342

(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.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

0.00x

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

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

-9.3%

Higher net margin than 24% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

$17,800

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 40.6% of source-year revenue.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

-64%

Faster asset growth than 5% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

7.7%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet

Liabilities / Assets49th percentile

Assets

Down

$2,311

Down $4,092 (-64%) from 2014

Net Assets

Down

$2,311

Down $4,092 (-64%) from 2014

Liabilities

Flat

Flat from 2014

Revenue And Expenses

Liabilities / Revenue49th percentile Net Margin24th percentile

Revenue

$43,825

Up $3,124 (+7.7%) from 2014

Expenses

$47,917

Up $11,965 (+33%) from 2014

Net Income

Down

-$4,092

Down $8,841 (-186%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

Highlighted filing

2015

Assets$2,311

Liabilities$0

Net Assets$2,311

Open 2015 Filing

Operations Trend

Revenue Growth56th percentile

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

Highlighted filing

2015

Revenue$43,825

Expenses$47,917

Net Income-$4,092

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2014 to Jun 30, 2015
Signed: Nov 2, 2015
Return Version: 2014v5.0
Gross Receipts: $43,825

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. (58 clients)	$100	$18,845
Performing Arts Programs, Children's Touring Choir and Senior Citizens tone chimes ensemble (25 students). Student recitals and student ensemble concerts (165 in audiences)	$0	$3,000

Compensation and Service Providers

Top Officer Pay83rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Gayla Turk	Exec Director/CEO	FT	$17,800	-	$17,800
Evon Lathan	Board Member	-	$0	-	-
Elisabed Serrano	Board Member	-	$0	-	-
Michelle Manavi	Board Member	-	$0	-	-
Randah Ferrell	Board Member	-	$0	-	-
Evan Uwakwe	Board Member	-	$0	-	-
Charlotte Yelverton	Board Member	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Promusic Center Inc
EIN: 56-2106076
Phone: 2522913386
Address: PO Box 7342, Wilson, NC 27895-7342

Signing Officer

Name: Gayla Turk
Title: Executive Director
Phone: 2522913386
Signed: 2015-11-02

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Program expenses including legal and accounting fees, interest, fundraising expenses, instruments and equipment maintenance, music, contingency and choir travel ($11,400).”

Form 990-EZ, Part II, Line 24

“Account receivables”

Raw XML Appendix253 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/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
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IRS990EZ/PoliticalCampaignActyInd	0	0
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IRS990EZ/PrintingPublicationsPostageAmt	0	1219
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Program expenses including legal and accounting fees, interest, fundraising expenses, instruments and equipment maintenance, music, contingency and choir travel ($11,400).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Account receivables
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	2016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Gayla Turk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2522913386
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	PROMUSIC CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt	0	PROM
ReturnHeader/Filer/EIN	0	562106076
ReturnHeader/Filer/PhoneNum	0	2522913386
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO Box 7342
ReturnHeader/Filer/USAddress/CityNm	0	Wilson
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NC
ReturnHeader/Filer/USAddress/ZIPCd	0	278957342
ReturnHeader/ReturnTs	0	2015-11-02T10:29:26-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-07-01
ReturnHeader/TaxPeriodEndDt	0	2015-06-30
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,311
Liabilities: $0
Net assets: $2,311
Revenue: $43,825
Expenses: $47,917
Net income: -$4,092

	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