Civic Intelligence

The Music Academy of North Carolina Inc

990 • Fiscal year 2018 • EIN 58-1583883

Jun 01, 2017 to May 31, 2018 • Filed on Jan 30, 2019

1327 Beaman Place Ste 100Greensboro, NC 27408

(336) 379-8748

Siviq Scores

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

Liabilities / Assets

70th percentile

0.19x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.15x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Net Margin

52nd percentile

4.7%

Higher net margin than 52% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$55,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Asset Growth

43rd percentile

-0.4%

Faster asset growth than 43% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$595,549

Down $2,310 (-0.4%) from 2017

Net Assets

Up

$484,777

Up $35,037 (+7.8%) from 2017

Liabilities

Down

$110,772

Down $37,347 (-25%) from 2017

Revenue

Down

$743,494

Down $145,160 (-16%) from 2017

Expenses

Down

$708,457

Down $158,164 (-18%) from 2017

Net Income

Up

$35,037

Up $13,004 (+59%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $578,739Liabilities 2011: $15,613Net Assets 2011: $563,1262011Assets 2012: $585,577Liabilities 2012: $98,776Net Assets 2012: $486,8012012Assets 2013: $650,282Liabilities 2013: $200,281Net Assets 2013: $450,0012013Assets 2014: $691,526Liabilities 2014: $221,635Net Assets 2014: $469,8912014Assets 2015: $642,389Liabilities 2015: $217,377Net Assets 2015: $425,0122015Assets 2016: $623,914Liabilities 2016: $196,207Net Assets 2016: $427,7072016Assets 2017: $597,859Liabilities 2017: $148,119Net Assets 2017: $449,7402017Assets 2018: $595,549Liabilities 2018: $110,772Net Assets 2018: $484,7772018Assets 2019: $582,957Liabilities 2019: $128,797Net Assets 2019: $454,1602019Assets 2020: $560,453Liabilities 2020: $121,283Net Assets 2020: $439,1702020Assets 2021: $627,480Liabilities 2021: $81,581Net Assets 2021: $545,8992021Assets 2022: $582,444Liabilities 2022: $79,531Net Assets 2022: $502,9132022Assets 2023: $880,826Liabilities 2023: $86,026Net Assets 2023: $794,8002023Assets 2024: $1,969,576Liabilities 2024: $95,655Net Assets 2024: $1,873,9212024Assets 2025: $2,163,708Liabilities 2025: $96,554Net Assets 2025: $2,067,1542025

Highlighted filing

2018

Assets$595,549
Liabilities$110,772
Net Assets$484,777

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $869,8532011Expenses 2012: $853,0272012Expenses 2013: $951,7962013Revenue 2014: $959,515Expenses 2014: $939,269Net Income 2014: $20,2462014Revenue 2015: $920,180Expenses 2015: $965,059Net Income 2015: -$44,8792015Revenue 2016: $918,613Expenses 2016: $915,918Net Income 2016: $2,6952016Revenue 2017: $888,654Expenses 2017: $866,621Net Income 2017: $22,0332017Revenue 2018: $743,494Expenses 2018: $708,457Net Income 2018: $35,0372018Revenue 2019: $629,047Expenses 2019: $659,664Net Income 2019: -$30,6172019Revenue 2020: $666,595Expenses 2020: $678,776Net Income 2020: -$12,1812020Revenue 2021: $759,628Expenses 2021: $652,899Net Income 2021: $106,7292021Revenue 2022: $637,956Expenses 2022: $680,942Net Income 2022: -$42,9862022Revenue 2023: $1,036,874Expenses 2023: $745,114Net Income 2023: $291,7602023Revenue 2024: $1,884,712Expenses 2024: $805,944Net Income 2024: $1,078,7682024Revenue 2025: $1,051,781Expenses 2025: $884,781Net Income 2025: $167,0002025

Highlighted filing

2018

Revenue$743,494
Expenses$708,457
Net Income$35,037
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Jan 30, 2019
Return Version
2017v2.3
Gross Receipts
$743,494
Mission and Program Overview

Mission

To provide individualized music instructions to students regardless of race, ethnic, or economic background

To provide individualized music instructions to students regardless of race, ethnic or economic background

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$456,570$472,884▲ $16,314
Pledges and Grants Receivable$77,291$78,129▲ $838
Land, Buildings, and Equipment, Net$31,708$31,302▼ $406
Prepaid Expenses and Deferred Charges$7,172$10,534▲ $3,362
Cash and Non-Interest-Bearing Accounts$19,068$7,580▼ $11,488
Savings and Temporary Cash Investments$3,725--
Accounts Receivable$1,251$-5,235▼ $6,486
Total Assets$597,859$595,549▼ $2,310
Other Assets Total$1,074$355▼ $719
Liabilities
Mortgage Notes Payable Secured by Investment Property$107,309$86,544▼ $20,765
Deferred Revenue$27,454$13,498▼ $13,956
Accounts Payable and Accrued Expenses$13,356$10,730▼ $2,626
Total Liabilities$148,119$110,772▼ $37,347
Net Assets / Fund Balance
Permanently Rstr Net Assets$292,880$303,594▲ $10,714
Temporarily Rstr Net Assets$205,163$216,649▲ $11,486
Unrestricted Net Assets$-48,303$-35,466▲ $12,837
Total Net Assets Fund Balance$449,740$484,777▲ $35,037
Total Liabilities and Net Assets / Fund Balance$597,859$595,549▼ $2,310

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,302$274,905$306,207

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$456,571-▲ $40,315$-6,299$472,884
2016$418,298-▲ $61,918$-6,355$456,571
2015$470,367$1,400▼ $29,963$-6,344$418,298
2014$468,318-▲ $20,036$-5,966$465,367
2013$429,572-▲ $61,459$-5,733$468,318
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kellie BurgessExecutive DiFT$55,000$55,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$110,624
Program Service Revenue
$581,508
Investment Income
$33,845
Other Revenue
$17,517
All Other Contributions
$110,624
Change in Net Assets
$35,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$743,494
Total Revenue per Audited Statements
$743,494
Total Revenue per Form 990
$743,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$494,429
Other Expenses$207,048
Total Fundraising Expense$19,070
Grants and Similar Amounts Paid$6,980
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,424$150,367-$438,791
Occupancy$88,881--$88,881
Payroll Taxes$22,720$25,565-$48,285
Advertising$9,800-$7,899$17,699
Office Expenses-$15,642-$15,642
Insurance-$12,441-$12,441
Other Expenses$11,588$11,194$11,171$11,171
Fees for Services Accounting-$7,700-$7,700
Other Employee Benefits$7,353--$7,353
All Other Expenses$7,325--$7,325
Grants to Domestic Individuals$6,980--$6,980
Depreciation Depletion$5,451$1,205-$6,656
Interest-$4,633-$4,633
Total Functional Expenses$448,522$240,865$19,070$708,457

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$708,457
Total Expenses per Audited Statements$708,457
Total Expenses per Form 990$708,457
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Review is performed by the finance committee.

Form 990, Page 6, Part VI, Line 19

Documents available upon request

Filing and Contact Details

Filer

Filer Name
The Music Academy
EIN
58-1583883
Phone
3363798748
Address
1327 BEAMAN PLACE STE 100, GREENSBORO, NC 27408

Signing Officer

Name
Kellie Burgess
Title
Executive Director
Phone
3363798748
Signed
2019-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kellie Burgess
Formed
1983
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
38
Volunteers
50

Preparer

Firm
Bason & Company Pa
Address
501 W MCGEE ST, GREENSBORO, NC 27401
Preparer
Rick Bason
Phone
3362735649
Raw XML AppendixShowing 400 of 485 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013356
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010730
IRS990/AccountsReceivableGrp/BOYAmt01251
IRS990/AccountsReceivableGrp/EOYAmt0-5235
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE INDIVIDUALIZED MUSIC INSTRUCTIONS TO STUDENTS REGARDLESS OF RACE, ETHNIC OR ECONOMIC BACKGROUND
IRS990/AdvertisingGrp/FundraisingAmt07899
IRS990/AdvertisingGrp/ProgramServicesAmt09800
IRS990/AdvertisingGrp/TotalAmt017699
IRS990/AllOtherContributionsAmt0110624
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07325
IRS990/AllOtherExpensesGrp/TotalAmt07325
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0KELLIE BURGESS
IRS990/BooksInCareOfDetail/PhoneNum03363798748
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01327 BEAMAN PLACE SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027408
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt019068
IRS990/CashNonInterestBearingGrp/EOYAmt07580
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0110624
IRS990/CYGrantsAndSimilarPaidAmt06980
IRS990/CYInvestmentIncomeAmt033845
IRS990/CYOtherExpensesAmt0207048
IRS990/CYOtherRevenueAmt017517
IRS990/CYProgramServiceRevenueAmt0581508
IRS990/CYRevenuesLessExpensesAmt035037
IRS990/CYSalariesCompEmpBnftPaidAmt0494429
IRS990/CYTotalExpensesAmt0708457
IRS990/CYTotalFundraisingExpenseAmt019070
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0743494
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt027454
IRS990/DeferredRevenueGrp/EOYAmt013498
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01205
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05451
IRS990/DepreciationDepletionGrp/TotalAmt06656
IRS990/Desc0THE ACADEMY PROVIDES STUDENTS WITH INDIVIDUALIZED MUSIC PROGRAMS WHICH PROVIDE OPPORTUNITIES FOR DEVELOPMENT OF TALENT AND GROWTH OF MUSICAL KNOWLEDGE AND SKILLS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt038
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0448522
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07700
IRS990/FeesForServicesAccountingGrp/TotalAmt07700
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0KELLIE BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID MCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm2DIANE BERBERICH
IRS990/Form990PartVIISectionAGrp/PersonNm3LEE S LASHLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4PAMELA MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLENE GLADNEY
IRS990/Form990PartVIISectionAGrp/PersonNm6ANGELA MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm7DR WILLIAM CARROLL
IRS990/Form990PartVIISectionAGrp/PersonNm8JACKIE TANSEER
IRS990/Form990PartVIISectionAGrp/PersonNm9KATHRYN LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm10ANNA CLARE ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm11MOLLY KAISER
IRS990/Form990PartVIISectionAGrp/PersonNm12DR EDDIE BASS
IRS990/Form990PartVIISectionAGrp/PersonNm13ROBERT FREDERICK
IRS990/Form990PartVIISectionAGrp/PersonNm14MITZIE WEATHERLY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt055000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt06980
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt06980
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt06980
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0743494
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012441
IRS990/InsuranceGrp/TotalAmt012441
IRS990/InterestGrp/ManagementAndGeneralAmt04633
IRS990/InterestGrp/TotalAmt04633
IRS990/InvestmentIncomeGrp/ExclusionAmt033845
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033845
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0456570
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0472884
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0274905
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031708
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031302
IRS990/LandBldgEquipCostOrOtherBssAmt0306207
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE INDIVIDUALIZED MUSIC INSTRUCTIONS TO STUDENTS REGARDLESS OF RACE, ETHNIC OR ECONOMIC BACKGROUND
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0107309
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt086544
IRS990/NetAssetsOrFundBalancesBOYAmt0449740
IRS990/NetAssetsOrFundBalancesEOYAmt0484777
IRS990/NoncashContributionsAmt020430
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt088881
IRS990/OccupancyGrp/TotalAmt088881
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015642
IRS990/OfficeExpensesGrp/TotalAmt015642
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01074
IRS990/OtherAssetsTotalGrp/EOYAmt0355
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07353
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07353
IRS990/OtherExpensesGrp/Desc0BANK, CREDIT CARD CHARGES
IRS990/OtherExpensesGrp/Desc1PERFORMANCE AND MUSICAL
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SPECIAL EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt011171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111194
IRS990/OtherExpensesGrp/ProgramServicesAmt011588
IRS990/OtherExpensesGrp/TotalAmt012118
IRS990/OtherExpensesGrp/TotalAmt111588
IRS990/OtherExpensesGrp/TotalAmt211194
IRS990/OtherExpensesGrp/TotalAmt311171
IRS990/OtherRevenueMiscGrp/Desc0FUNDRAISING EVENTS
IRS990/OtherRevenueMiscGrp/Desc1RENT INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04313
IRS990/OtherRevenueMiscGrp/ExclusionAmt11906
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011298
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011298
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14313
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21906
IRS990/OtherRevenueTotalAmt017517
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0150367
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0288424
IRS990/OtherSalariesAndWagesGrp/TotalAmt0438791
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025565
IRS990/PayrollTaxesGrp/ProgramServicesAmt022720
IRS990/PayrollTaxesGrp/TotalAmt048285
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0292880
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0303594
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt077291
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt078129
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07172
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010534
IRS990/PrincipalOfficerNm0KELLIE BURGESS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, REGISTRATION, MAT
IRS990/ProgramServiceRevenueGrp/Desc1PERFORMANCE/MUSICAL EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0568569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0568569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112939
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0193400
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt020571
IRS990/PYInvestmentIncomeAmt055940
IRS990/PYOtherExpensesAmt0341219
IRS990/PYOtherRevenueAmt021691
IRS990/PYProgramServiceRevenueAmt0617623
IRS990/PYRevenuesLessExpensesAmt022033
IRS990/PYSalariesCompEmpBnftPaidAmt0504831
IRS990/PYTotalExpensesAmt0866621
IRS990/PYTotalRevenueAmt0888654
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt035037
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0581508
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03725
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0-6471
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0456571
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0472884
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-11232
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt040315
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-6299
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-5979
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0418298
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0456571
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-11311
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt061918
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-6355
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-5898
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0470367
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01400
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0418298
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-11264
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-29963
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-6344
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-6450
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0468318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0465367
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-10571
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020036
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0-5966
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-6849
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0429572
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0468318
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-10131
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt061459
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0-5733
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0true
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt031302
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0274905
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0306207
IRS990ScheduleD/ExpensesSubtotalAmt0708457
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.64100
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt0743494
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.35900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031302
IRS990ScheduleD/TotalExpensesPerForm990Amt0708457
IRS990ScheduleD/TotalRevenuePerForm990Amt0743494
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0743494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0708457
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY PRINTS ITS MISSION STATEMENT ON FLYERS, ADVERTISEMENTS, AND PROGRAM AND MARKETING MATERIALS WHICH STATES THAT THE ACADEMY SERVES INDIVIDUALS OR ALL AGES, INTERESTS AND BACKGROUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06980
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW IS PERFORMED BY THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.16$0.10$2.07$1.05$0.88$0.17
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.10$1.87$1.88$0.81$1.08
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.09$0.79$1.04$0.75$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.08$0.50$0.64$0.68$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.08$0.55$0.76$0.65$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.12$0.44$0.67$0.68$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.45$0.63$0.66$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.11$0.48$0.74$0.71$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.15$0.45$0.89$0.87$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.20$0.43$0.92$0.92$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.22$0.43$0.92$0.97$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.22$0.47$0.96$0.94$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.20$0.45$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.10$0.49$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.02$0.56$0.87