LONG ISLAND CONSERVATORY OF MUSIC INC: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LONG ISLAND CONSERVATORY OF MUSIC INC (EIN 26-4287484)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-07
IRS object ID
202541279349203054
Schema version
2024v5.0
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)
Return2025-05-07T16:12:06-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-05-02SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN CHOIPreparerPersonNm
PTINP01413390PTIN
Phone7184608880PhoneNum
Preparation2025-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$198,907GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$198,907ContributionsGiftsGrantsEtcAmt
Total Revenue$198,907TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$181,372FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$57,700OccupancyRentUtltsAndMaintAmt
Other Expenses Total$95,498OtherExpensesTotalAmt
Total Expenses$334,570TotalExpensesAmt
Excess Or Deficit For Year-$135,663ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$146,974NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$282,637NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$38,592BOYAmt
EOY$28,365EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$108,164BOYAmt
EOY$92,598EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$146,756BOYAmt
EOY$120,963EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$293,730BOYAmt
EOY$403,600EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$146,974BOYAmt
EOY-$282,637EOYAmt
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$325,485ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$325,485TotalProgramServiceExpensesAmt

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 Minus3 Years$82,019CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$161,090CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$190,510CurrentTaxYearMinus1YearAmt
Current Tax Year$198,907CurrentTaxYearAmt
Total$632,526TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$44,619CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,688CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,629CurrentTaxYearMinus1YearAmt
Total$59,936TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$126,638CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$168,778CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$198,139CurrentTaxYearMinus1YearAmt
Current Tax Year$198,907CurrentTaxYearAmt
Total$692,462TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$692,462PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$126,638CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$168,778CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$198,139CurrentTaxYearMinus1YearAmt
Current Tax Year$198,907CurrentTaxYearAmt
Total$692,462TotalAmt
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 ADVERTISING 700 INSURANCE 2,221 BANK CHARGE 175 LICNESE & PERMIT 50 PROGRAM-EVENT 46,786 SUPPLIES 30,000 NON-INVESTMENT DEPRECIATION 15,566 TOTAL 95,498
FORM 990-EZ, PART II, LINE 24134,081 134,081 LESS ACCUMULATED DEPRECIATION 38,017 53,583 PROPERTY AND EQUIPMENT 12,100 12,100 TOTAL 108,164 92,598
FORM 990-EZ, PART II, LINE 26EIDL LOAN 249,600 249,600 UNEARNED REVENUE 44,130 22,000 LOAN PAYABLE 0 132,000

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