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ACADEMY AT SYRACUSE STUDIOS INC: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ACADEMY AT SYRACUSE STUDIOS INC (EIN 82-3934506)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202123199349205767
Schema version
2020v4.1
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)
Return2021-11-15T12:53:25-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460475780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GROSSMAN ST AMOUR CPAS PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 WEST FAYETTE STREET SUITE 900AddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823934506EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ACADEMY AT SYRACUSE STUDIOS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlACADBusinessNameControlTxt
Phone7203398119PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 FOURTH STREETAddressLine1Txt
CityLIVERPOOLCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13088ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEREMY GARELICKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7203398119PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEREMYPersonFirstNm
Person LastGARELICKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL F GRIFFIN CPACVAPreparerPersonNm
PTINP01246149PTIN
Phone3154241120PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressWWW.SYRACUSESTUDIOS.COM/THEACADEMYWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$117,600GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$69,813ContributionsGiftsGrantsEtcAmt
Gross Sales Of Inventory$27,787GrossSalesOfInventoryAmt
Cost Of Goods Sold$72,377CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry-$44,590GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$20,000OtherRevenueTotalAmt
Total Revenue$45,223TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$1,350FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$25,783OtherExpensesTotalAmt
Total Expenses$27,133TotalExpensesAmt
Excess Or Deficit For Year$18,090ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$3,176NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$14,914NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$27,017EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$200,000EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$227,017EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,176BOYAmt
EOY$212,103EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$3,176BOYAmt
EOY$14,914EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposePROVIDE STUDENTS WITH HANDS-ON EDUCATION AND TRAINING IN THE FILM INDUSTRYPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomPROVIDE STUDENTS WITH HANDS-ON EDUCATION AND TRAINING IN THE FILM INDUSTRYDescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$27,133ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$27,133TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NATHAN DONOHOE
TREASURER5.00$0$0$0
MATTHEW SACCA
SECRETARY5.00$0$0$0
JEREMY GARELICK
PRESIDENT5.00$0$0$0
WILLIAM R PHELPS
VICE PRESIDENT5.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From OfficersYes (1)MadeLoansToFromOfficersInd
Loans To From Officers$212,103LoansToFromOfficersAmt
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GROSSMAN ST AMOUR CPAS PLLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 WEST FAYETTE STREET SUITE 900AddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
Phone3154241120PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)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$97,600CurrentTaxYearAmt
Total$97,600TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year$97,600CurrentTaxYearAmt
Total$97,600TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$97,600PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$20,000CurrentTaxYearAmt
Total$20,000TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year$20,000CurrentTaxYearAmt
Total$20,000TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year$117,600CurrentTaxYearAmt
Total$117,600TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan To OrganizationLoanToOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
TWIN PADRES PRODUCTION INC
TWIN PADRES PRODUCTION IS 100% OWNED BY THE PRESIDENT OF THE ORGANIZATIONORGANIZATION STARTUP COSTSYes (X)$5,176$5,1760Yes (1)0
SYRACUSE STUDIOS LLC
SYRACUSE STUDIOS LLC IS 100% OWNED BY THE PRESIDENT OF THE ORGANIZATIONACCOUNTING FEESYes (X)$1,365$1,3190Yes (1)0
GARELICK HOLDING LLC
GARELICK HOLDING, LLC IS 100% OWNED BY THE PRESIDENT OF THE ORGANIZATIONPROPERTY TAXESYes (X)$5,608$5,6080Yes (1)0
GARELICK HOLDING LLC
GARELICK HOLDING, LLC IS 100% OWNED BY THE PRESIDENT OF THE ORGANIZATIONLANDYes (X)$200,000$200,0000Yes (1)0
FieldValueIRS element (for citing)
Total Balance Due$212,103TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORYINCOME: GROSS RECEIPTS: 27,787. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 72,377. GROSS PROFIT: -44,590. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 72,377. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 72,377.
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: RENTAL INCOME. AMOUNT: 20,000.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: EDUCATION. AMOUNT: 1,240. DESCRIPTION: LEGAL FEES. AMOUNT: 3,365. DESCRIPTION: SUPPLIES . AMOUNT: 202. DESCRIPTION: REAL ESTATE TAXES. AMOUNT: 20,976. TOTAL TO FORM 990-EZ, LINE 16: 25,783.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: LOAN PAYABLE. BEG. OF YEAR AMOUNT: 3,176. END OF YEAR AMOUNT: 212,103.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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