LONG ISLAND CONSERVATORY OF MUSIC INC: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LONG ISLAND CONSERVATORY OF MUSIC INC (EIN 26-4287484)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-29
IRS object ID
202423039349201802
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-29T16:06:06-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475536373PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PLANIOM GROUP INCORPORATEDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13125 UNION STAddressLine1Txt
CityFLUSHINGCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11354ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264287484EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LONG ISLAND CONSERVATORYBusinessNameLine1Txt
Business Name Line2OF MUSIC INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLONGBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11125 WILLIS AVEAddressLine1Txt
CityALBERTSONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11507ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMINSUN KIMPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2024-10-28SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN CHOIPreparerPersonNm
PTINP01413390PTIN
Phone7184608880PhoneNum
Preparation2024-10-28PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$198,139GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$190,510ContributionsGiftsGrantsEtcAmt
Program Service Revenue$7,629ProgramServiceRevenueAmt
Total Revenue$198,139TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$28,352FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$119,000OccupancyRentUtltsAndMaintAmt
Other Expenses Total$43,465OtherExpensesTotalAmt
Total Expenses$190,817TotalExpensesAmt
Excess Or Deficit For Year$7,322ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$154,296NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$146,974NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$20,108BOYAmt
EOY$38,592EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$101,471BOYAmt
EOY$108,164EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$121,579BOYAmt
EOY$146,756EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$275,875BOYAmt
EOY$293,730EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$154,296BOYAmt
EOY-$146,974EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTO EDUCATE COMMUNITY MUSIC AND OTHER EDUCATIONS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTO PROVIDE A COMMUNITY WITH ARTISTIC AND MUSICAL EDUCATION AND SEMINARS AND HELD CONCERTS TO ENHANCE LIVE-PERFORMING EXPERIANCES.DescriptionProgramSrvcAccomTxt
Program Service Expenses$177,670ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$177,670TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp

FieldValueIRS element (for citing)
PersonMINSUN KIMPersonNm
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos20.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLI CONSERVATORY OF MUSIC INCPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11125 WILLIS AVEAddressLine1Txt
CityALBERTSONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11507ZIPCd
FieldValueIRS element (for citing)
Phone5166253455PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$82,019CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$161,090CurrentTaxYearMinus1YearAmt
Current Tax Year$190,510CurrentTaxYearAmt
Total$433,619TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$44,619CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,688CurrentTaxYearMinus1YearAmt
Current Tax Year$7,629CurrentTaxYearAmt
Total$59,936TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$126,638CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$168,778CurrentTaxYearMinus1YearAmt
Current Tax Year$198,139CurrentTaxYearAmt
Total$493,555TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$493,555PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$126,638CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$168,778CurrentTaxYearMinus1YearAmt
Current Tax Year$198,139CurrentTaxYearAmt
Total$493,555TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16EXPENSES OFFICE EXPENSE 187 INTEREST ON EIDL 9,954 BANK CHARGE 663 DONATION 4,800 PROGRAM-EVENT 12,885 SECURITY 124 TELEPHONE 345 NON-INVESTMENT DEPRECIATION 14,507 TOTAL 43,465
FORM 990-EZ, PART II, LINE 24112,881 134,081 LESS ACCUMULATED DEPRECIATION 23,510 38,017 PROPERTY AND EQUIPMENT 12,100 12,100 TOTAL 101,471 108,164
FORM 990-EZ, PART II, LINE 26EIDL LOAN 249,600 249,600 UNEARNED REVENUE 26,275 44,130

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