Promusic Center Inc.

990EZ • Fiscal year 2018 • EIN 56-2106076

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 30, 2018

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.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

0.00x

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

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

8.1%

Higher net margin than 61% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

$18,880

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 46.8% of source-year revenue.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

75%

Faster asset growth than 86% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

18%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets50th percentile

Assets

$7,632

Up $3,261 (+75%) from 2017

Net Assets

$7,632

Up $3,261 (+75%) from 2017

Liabilities

Flat

Flat from 2017

Revenue And Expenses

Liabilities / Revenue50th percentile Net Margin61st percentile

Revenue

$40,299

Up $6,285 (+18%) from 2017

Expenses

$37,038

Up $3,416 (+10%) from 2017

Net Income

$3,261

Up $2,869 (+732%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

Highlighted filing

2018

Assets$7,632

Liabilities$0

Net Assets$7,632

Open 2018 Filing

Operations Trend

Revenue Growth69th percentile

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

Highlighted filing

2018

Revenue$40,299

Expenses$37,038

Net Income$3,261

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Oct 30, 2018
Return Version: 2017v2.0
Gross Receipts: $40,299

Mission and Program Overview

Mission

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

Program Services

Description	Grants	Expenses
Music Instruction: Individual vocal and instrumental lessons, early childhood music enrichment classes and summer music camps. (58 clients)	$0	$21,580
Performing Arts Programs: Senior Citizens tone chimes ensemble (9 students). Tone chimes concerts at nursing homes (100 in audiences). Student recitals and student ensemble concerts (160 in audiences).	$0	$350

Compensation and Service Providers

Top Officer Pay83rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Gayla Turk	Exec Director/CEO	FT	$18,880	-	$18,880
Georgia Thomas	Board Member	-	$0	-	-
Evan Uwakwe	Board Member	-	$0	-	-
John Slatner	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: 2018-10-30

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Legal and accounting;104|Credit card interest;978|Fund raising expenses;595|Instruments and Equipment;102|Music;142|Concert Attire;111|Equipment maintenance piano tuning;175|Local chamber membership;250|Miscellaneous expenses;869^Total;3326^”

Form 990-EZ, Part II, Line 24

“Accounts Receivable”

Raw XML Appendix236 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/PoliticalCampaignActyInd	0	0
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IRS990EZ/PrintingPublicationsPostageAmt	0	1078
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	350
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IRS990EZ/SubjectToProxyTaxInd	0	0
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	0
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IRS990EZ/TypeOfOrganizationCorpInd	0	X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	83302
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IRS990ScheduleA/InvestmentIncomePYPct	0	0
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description;Amount^Legal and accounting;104\|Credit card interest;978\|Fund raising expenses;595\|Instruments and Equipment;102\|Music;142\|Concert Attire;111\|Equipment maintenance piano tuning;175\|Local chamber membership;250\|Miscellaneous expenses;869^Total;3326^
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	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Gayla Turk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2522913386
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-10-30
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/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	8.15.177.34
ReturnHeader/ReturnTs	0	2018-10-29T12:23:11-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-07-01
ReturnHeader/TaxPeriodEndDt	0	2018-06-30
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $7,632
Liabilities: $0
Net assets: $7,632
Revenue: $40,299
Expenses: $37,038
Net income: $3,261

	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