BREVARD MUSIC CENTER INCORPORATED: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- BREVARD MUSIC CENTER INCORPORATED (EIN 56-0729350)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-30
- IRS object ID
- 201533349349300453
- Schema version
- 2014v5.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-30T06:33:13-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560747981 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1Txt |
| City | ASHEVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28806 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560729350 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BREVARD MUSIC CENTER INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BREV | BusinessNameControlTxt |
| Phone | 8288622100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 312 | AddressLine1Txt |
| City | BREVARD | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28712 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK WEINSTEIN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8288622100 | PhoneNum |
| Signature | 2015-11-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY BIBBY | PreparerPersonNm |
| PTIN | P00445891 | PTIN |
| Phone | 8282542254 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK WEINSTEIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 312 | AddressLine1Txt |
| City | BREVARD | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,724,927 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BREVARDMUSIC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1947 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 186 | TotalEmployeeCnt |
| Total Volunteers | 230 | TotalVolunteersCnt |
| Total Gross UBI | $47,565 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$674 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $385,061 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,715,074 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,390 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,410,955 | CYProgramServiceRevenueAmt |
| PY Investment Income | $266,068 | PYInvestmentIncomeAmt |
| CY Investment Income | $586,836 | CYInvestmentIncomeAmt |
| PY Other Revenue | $21,372 | PYOtherRevenueAmt |
| CY Other Revenue | $280,244 | CYOtherRevenueAmt |
| PY Total Revenue | $685,891 | PYTotalRevenueAmt |
| CY Total Revenue | $5,993,109 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,232,950 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $378,610 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,311,842 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $450,549 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $260,515 | PYOtherExpensesAmt |
| CY Other Expenses | $2,584,494 | CYOtherExpensesAmt |
| PY Total Expenses | $639,125 | PYTotalExpensesAmt |
| CY Total Expenses | $6,129,286 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $46,766 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$136,177 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $32,401,569 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,832,503 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $868,836 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $799,163 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,532,733 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $32,033,340 | NetAssetsOrFundBalancesEOYAmt |
| Mission | BREVARD MUSIC CENTER, A SUMMER INSTITUTE AND FESTIVAL, TEACHES GIFTED YOUNG MUSICIANS TO PREPARE AND PERFORM GREAT MUSICAL WORKS AT A HIGH ARTISTIC LEVEL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,739,456 | ExpenseAmt |
| Grant | $1,232,950 | GrantAmt |
| Revenue | $3,491,430 | RevenueAmt |
| Desc | BREVARD MUSIC CENTER ENROLLED 417 STUDENTS FOR THE 2014 SUMMER INSTITUTE AT THE HIGH SCHOOL, COLLEGE AND POST GRADUATE LEVEL. THE INSTRUCTIONAL PROGRAMS OFFERED WERE ORCHESTRAL STUDIES, PIANO, COMPOSITION, VOICE AND OPERA. STUDENTS HAD OPPORTUNITIES TO PERFORM IN APPROXIMATELY 54 PUBLIC PERFORMANCES DURING THE COURSE OF THE FESTIVAL. THE INSTITUTE AND FESTIVAL TOOK PLACE DURING JUNE - AUGUST 2014. | Desc |
| Total Program Service Expenses | $4,739,456 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 55 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 186 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH ARBOGAST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8288622111 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 312 | AddressLine1Txt |
| City | BREVARD | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28712 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MR MARK WEINSTEIN | |||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $184,395 | $0 | $17,333 | |
| DR FALLS L HARRIS | |||||||
| BOARD CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MS LINDA THOMPSON | |||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MS LYNN WILLIAMS | |||||||
| SECRETARY (FORMER) | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DR BRUCE BERRYHILL | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR THOMAS C BOLTON | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR T KENNETH CRIBB JR | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| DR ROBERT H DOWDESWELL | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS JERUSHA FADIAL | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR ALTON LOFTIS | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS DONNA LOHR | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR RUSSELL E NEWTON JR | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR ROBBY RUSSELL | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR ARTHUR SCHREIBER | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| DR JOELLA UTLEY | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR M BEATTIE WOOD | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MR PHILLIP JEROME | |||||||
| BOARD MEMBER | 10.00 | Yes (X) | $0 | $0 | $0 | ||
| MR KEITH ARBOGAST | |||||||
| CFO | 40.00 | Yes (X) | $84,348 | $0 | $7,065 | ||
| MR DAVE PERRETT | |||||||
| DIR. OF DEVELOPMENT | 40.00 | $117,963 | $0 | $11,881 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $386,706 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $36,279 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIONEER COLLEGE CATERERS INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 GLENROSE AVE | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | FOOD SERVICE | ServicesDesc |
| Compensation | $308,889 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $75,920 | FundraisingAmt |
| Government Grants | $82,500 | GovernmentGrantsAmt |
| All Other Contributions | $1,556,654 | AllOtherContributionsAmt |
| Noncash Contributions | $248,692 | NoncashContributionsAmt |
| Total Contributions | $1,715,074 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611600 | $2,535,638 | $2,535,638 | |
| TICKET SALES | 611600 | $827,752 | $827,752 | |
| ADVERTISING REVENUE | 541800 | $47,565 | $47,565 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,410,955 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $430,060 | TotalRevenueColumnAmt |
| Exclusion | $430,060 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $121,287 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $121,287 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $121,287 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $121,287 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $790,785 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $634,009 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $156,776 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $156,776 | TotalRevenueColumnAmt |
| Exclusion | $156,776 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $37,085 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $75,920 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $19,409 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,676 | TotalRevenueColumnAmt |
| Exclusion | $17,676 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $187,500 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $60,103 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $127,397 | TotalRevenueColumnAmt |
| Exclusion | $127,397 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $25,050 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $18,297 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,753 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,753 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $7,131 | TotalRevenueColumnAmt |
| Exclusion | $7,131 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $7,131 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,993,109 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,491,430 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $47,565 | UnrelatedBusinessRevenueAmt |
| Exclusion | $739,040 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,232,950 | TotalAmt |
| Program Services | $1,232,950 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,178 | TotalAmt |
| Program Services | $42,406 | ProgramServicesAmt |
| Management And General | $223,366 | ManagementAndGeneralAmt |
| Fundraising | $42,406 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,631,787 | TotalAmt |
| Program Services | $1,266,153 | ProgramServicesAmt |
| Management And General | $191,847 | ManagementAndGeneralAmt |
| Fundraising | $173,787 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,765 | TotalAmt |
| Program Services | $17,664 | ProgramServicesAmt |
| Management And General | $5,336 | ManagementAndGeneralAmt |
| Fundraising | $8,765 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,363 | TotalAmt |
| Program Services | $105,629 | ProgramServicesAmt |
| Management And General | $74,069 | ManagementAndGeneralAmt |
| Fundraising | $31,665 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,749 | TotalAmt |
| Program Services | $84,553 | ProgramServicesAmt |
| Management And General | $28,105 | ManagementAndGeneralAmt |
| Fundraising | $16,091 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,031 | TotalAmt |
| Management And General | $6,031 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,720 | TotalAmt |
| Management And General | $30,720 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,349 | TotalAmt |
| Management And General | $26,349 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $899,876 | TotalAmt |
| Program Services | $871,410 | ProgramServicesAmt |
| Management And General | $14,194 | ManagementAndGeneralAmt |
| Fundraising | $14,272 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,696 | TotalAmt |
| Program Services | $89,989 | ProgramServicesAmt |
| Management And General | $2,873 | ManagementAndGeneralAmt |
| Fundraising | $3,834 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,610 | TotalAmt |
| Program Services | $190,245 | ProgramServicesAmt |
| Management And General | $89,212 | ManagementAndGeneralAmt |
| Fundraising | $55,153 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,967 | TotalAmt |
| Program Services | $24,102 | ProgramServicesAmt |
| Management And General | $5,746 | ManagementAndGeneralAmt |
| Fundraising | $23,119 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $262,553 | TotalAmt |
| Program Services | $195,058 | ProgramServicesAmt |
| Management And General | $56,246 | ManagementAndGeneralAmt |
| Fundraising | $11,249 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,273 | TotalAmt |
| Program Services | $36,710 | ProgramServicesAmt |
| Management And General | $2,901 | ManagementAndGeneralAmt |
| Fundraising | $4,662 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,284 | TotalAmt |
| Program Services | $9,208 | ProgramServicesAmt |
| Management And General | $4,822 | ManagementAndGeneralAmt |
| Fundraising | $30,254 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,053 | TotalAmt |
| Program Services | $1,655 | ProgramServicesAmt |
| Management And General | $1,398 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,896 | TotalAmt |
| Program Services | $361,127 | ProgramServicesAmt |
| Management And General | $128,974 | ManagementAndGeneralAmt |
| Fundraising | $25,795 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,138 | TotalAmt |
| Program Services | $29,087 | ProgramServicesAmt |
| Management And General | $13,992 | ManagementAndGeneralAmt |
| Fundraising | $2,059 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PRODUCTION/PERFORMANCE | $162,011 | $162,011 | ||
| STRATEGIC INITIATIVE | $29,881 | $29,881 | ||
| MISCELLANEOUS | $27,956 | $19,499 | $3,219 | $5,238 |
| BAD DEBT EXPENSE | $2,200 | $2,200 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,129,286 | TotalAmt |
| Program Services | $4,739,456 | ProgramServicesAmt |
| Management And General | $939,281 | ManagementAndGeneralAmt |
| Fundraising | $450,549 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $311,971 | BOYAmt |
| EOY | $633,367 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $14,102 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,946 | BOYAmt |
| EOY | $140,760 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,597 | BOYAmt |
| EOY | $107,911 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,256 | BOYAmt |
| EOY | $878 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,860 | BOYAmt |
| EOY | $100,748 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $16,300,852 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,214,081 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,765,947 | BOYAmt |
| EOY | $8,086,771 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,924,867 | BOYAmt |
| EOY | $22,649,211 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,111,125 | BOYAmt |
| EOY | $1,098,755 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,401,569 | BOYAmt |
| EOY | $32,832,503 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,237 | BOYAmt |
| EOY | $177,047 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,359 | BOYAmt |
| EOY | $32,865 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,140 | BOYAmt |
| EOY | $31,978 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $672,100 | BOYAmt |
| EOY | $557,273 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $868,836 | BOYAmt |
| EOY | $799,163 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,564,693 | BOYAmt |
| EOY | $10,309,960 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,966,045 | BOYAmt |
| EOY | $20,721,385 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,001,995 | BOYAmt |
| EOY | $1,001,995 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,532,733 | BOYAmt |
| EOY | $32,033,340 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,401,569 | BOYAmt |
| EOY | $32,832,503 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$136,177 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $567,409 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $69,375 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,867,617 | BeginningYearBalanceAmt |
| Contributions | $295,347 | ContributionsAmt |
| Investment Earnings Or Losses | $1,132,096 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $876,085 | OtherExpendituresAmt |
| Administrative Expenses | $16,569 | AdministrativeExpensesAmt |
| End Year Balance | $22,402,406 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,947,894 | BeginningYearBalanceAmt |
| Contributions | $44,012 | ContributionsAmt |
| Investment Earnings Or Losses | $1,153,765 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $275,000 | OtherExpendituresAmt |
| Administrative Expenses | $3,054 | AdministrativeExpensesAmt |
| End Year Balance | $21,867,617 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,192,407 | BeginningYearBalanceAmt |
| Contributions | $474,031 | ContributionsAmt |
| Investment Earnings Or Losses | $2,101,185 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $222,969 | GrantsOrScholarshipsAmt |
| Other Expenditures | $585,085 | OtherExpendituresAmt |
| Administrative Expenses | $11,675 | AdministrativeExpensesAmt |
| End Year Balance | $20,947,894 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,192,136 | BeginningYearBalanceAmt |
| Contributions | $546,193 | ContributionsAmt |
| Investment Earnings Or Losses | $3,208,216 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $267,195 | GrantsOrScholarshipsAmt |
| Other Expenditures | $473,163 | OtherExpendituresAmt |
| Administrative Expenses | $13,780 | AdministrativeExpensesAmt |
| End Year Balance | $19,192,407 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,101,459 | BeginningYearBalanceAmt |
| Contributions | $302,779 | ContributionsAmt |
| Investment Earnings Or Losses | -$469,669 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $253,007 | GrantsOrScholarshipsAmt |
| Other Expenditures | $481,209 | OtherExpendituresAmt |
| Administrative Expenses | $8,217 | AdministrativeExpensesAmt |
| End Year Balance | $16,192,136 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.06540 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.04470 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.88990 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $781,058 | OtherCostOrOtherBasisAmt |
| Book Value | $781,058 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,602,034 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,848,390 | DepreciationAmt |
| Book Value | $6,753,644 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,860,854 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,346,742 | DepreciationAmt |
| Book Value | $514,112 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,906 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,949 | DepreciationAmt |
| Book Value | $37,957 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,086,771 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CHARITABLE GIFT ANNUITIES PAYABLE | $222,043 |
| LIFE ESTATE USE OBLIGATION | $335,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $557,273 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,494,752 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $567,409 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,065,766 | OtherRevenueAmt |
| Revenue Not Reported | -$498,357 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,993,109 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,993,109 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,994,145 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $97,809 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $97,809 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,896,336 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,232,950 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,232,950 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,129,286 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | BREVARD MUSIC CENTER'S ENDOWMENT IS INTENDED TO SUPPORT THE MISSION OF THE ORGANIZATION BY THE USE OF PRUDENT ANNUAL WITHDRAWALS TO FUND STUDENT SCHOLARSHIPS, FACULTY SALARIES, GUEST ARTISTS, AND GENERAL OPERATING EXPENSES OF THE INSTITUTION. THE AMOUNT WITHDRAWN FROM THE ENDOWMENT EACH YEAR IS APPROVED BY THE BOARD OF TRUSTEES, TAKING INTO CONSIDERATION THE NECESSITY TO SUPPORT THE MISSION OF THE INSTITUTION AND TO MAINTAIN THE ENDOWMENT FUND FOR FUTURE NEEDS OF THE INSTITUTION. |
| PART X, LINE 2: | THE CENTER'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE CENTER, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 30, 2014 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE CENTER'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2013, 2012, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN SPLIT INTEREST VALUE 69,375. SPECIAL EVENT EXPENSE 79,512. COGS 18,297. GRANTS IN REVENUES -1,232,950. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSE 79,512. COGS 18,297. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS IN REVENUES 1,232,950. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | 0 | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE SCHOOL DRAWS ITS STUDENTS NATIONWIDE AND FROM OTHER COUNTRIES SO IT IS NOT PRACTICAL TO USE NEWSPAPER OR BROADCAST MEDIA TO PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY. THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN ALL COMMUNICATIONS USED TO SOLICIT STUDENTS DIRECTLY, AND ON ITS WEBSITE, WHICH IS THE MAIN TOOL USED TO COMMUNICATE WITH POTENTIAL STUDENTS. |
| SCHEDULE E, PART I, LINE 4 | BREVARD MUSIC CENTER DOES NOT MAINTAIN RECORDS INDICATING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, AND ADMINISTRATIVE STAFF. ENROLLMENT OFFERS ARE BASED SOLELY ON MUSICAL ABILITY AFTER REVIEW OF SUBMITTED AUDITIONS. DECISIONS CONCERNING FACULTY AND ADMINISTRATIVE STAFF ARE BASED UPON THE APPLICANT'S ABILITY TO PERFORM THE DUTIES REQUIRED, AND, IN THE CASE OF FACULTY, THEIR MUSICAL TALENT. |
| SCHEDULE E, PART I, LINE 6 | BREVARD MUSIC CENTER RECEIVED GRANTS FROM THE NORTH CAROLINA ARTS COUNCIL AND THE NATIONAL ENDOWMENT FOR THE ARTS FUNDED BY THE NORTH CAROLINA AND UNITED STATES LEGISLATURES, RESPECTIVELY. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | CHAMPION HILLS | Event1Nm |
| Gross Receipts Event1 | $47,800 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $40,675 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $7,125 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $6,692 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $2,176 | OtherDirectExpensesEvent1Amt |
| Event2 | LAKE TOXAWAY | Event2Nm |
| Gross Receipts Event2 | $40,100 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $35,245 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $4,855 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $5,161 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $2,806 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $25,105 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $25,105 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $2,574 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $113,005 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $75,920 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $37,085 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $11,853 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $7,556 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $19,409 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $17,676 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $187,500 | GrossRevenueOtherGamingAmt |
| Non Cash Prizes Other Gaming | $55,760 | NonCashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $4,343 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | Yes (1) | VolunteerLaborOtherGamingInd |
| Volunteer Labor Other Gaming | 0.80000 | VolunteerLaborOtherGamingPct |
| Gross Revenue Total Gaming | $187,500 | GrossRevenueTotalGamingAmt |
| Non Cash Prizes Total Gaming | $55,760 | NonCashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $4,343 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $60,103 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $127,397 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NC | StatesWhereGamingConductedCd |
| Licensed | 0 | LicensedInd |
| Explanation If No | NORTH CAROLINA DOES NOT REQUIRE NON-PROFITS TO BE LICENSED TO HOLD A RAFFLE. THE ORGANIZATION MUST ADHERE TO THE RULES FOR NON-PROFITS AS STATED IN THE STATUTES. | ExplanationIfNoTxt |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH ARBOGAST | BusinessNameLine1Txt |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 312 | AddressLine1Txt |
| City | BREVARD | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID FOR INSTITUTE STUDENTS | GrantTypeTxt |
| Recipient | 381 | RecipientCnt |
| Cash Grant | $1,232,950 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SINCE ALL SCHOLARSHIP GRANTS ARE MADE TO STUDENTS ATTENDING THE SCHOOL, THE MONITORING OCCURS WHEN THE ORGANIZATION CREDITS THE STUDENT'S ACCOUNT BALANCE FOR THE AMOUNT OF THE SCHOLARSHIPS GRANTED TO THE STUDENT. NO FUNDS EVER LEAVE THE ORGANIZATION TO BE USED AT OTHER INSTITUTIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MR MARK WEINSTEIN | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $184,395 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $17,333 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $201,728 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 15 | ContributionCnt |
| Noncash Contributions Rpt F990 | $248,692 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1: | BREVARD MUSIC CENTER, A SUMMER INSTITUTE AND FESTIVAL, TEACHES GIFTED YOUNG MUSICIANS TO PREPARE AND PERFORM GREAT MUSICAL WORKS AT A HIGH ARTISTIC LEVEL. |
| FORM 990, PART VI, SECTION A, LINE 1 | THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTING OF THE OFFICERS OF THE BOARD, THE PRESIDENT, AND CHAIRS OF THE STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND OFFICERS OF THE CENTER BETWEEN THE MEETINGS OF THE BOARD, OR TO THE EXTENT AND FOR SUCH PERIOD OR PERIODS OF TIME AS THE BOARD OF TRUSTEES MAY PROVIDE BY RESOLUTION DULY ADOPTED BY A MAJORITY OF THE TRUSTEES IN OFFICE. A SIMPLE MAJORITY (INCLUDING ALWAYS THE CHAIR, OR IN THE CHAIR'S ABSENCE THE CHAIR-ELECT, PAST-CHAIR OR ACTING-CHAIR), SHALL CONSTITUTE A QUORUM OF THE EXECUTIVE COMMITTEE FOR TRANSACTION OF BUSINESS. |
| FORM 990, PART VI, SECTION A, LINE 7A | TWO ORGANIZATIONS EACH HAVE THE POWER TO APPOINT ONE BOARD MEMBER. THE PRESIDENT OF BREVARD MUSIC CENTER ASSOCIATION AND THE VICE-PRESIDENT, SOUTHEASTERN REGION OF THE NATIONAL FEDERATION OF MUSIC CLUBS, SHALL SERVE IN AN EX-OFFICIO CAPACITY AS HE OR SHE IS FROM TIME TO TIME ELECTED BY HIS/HER RESPECTIVE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE AUDIT COMMITTEE REVIEWED AND APPROVED THE FORM 990 AND RECOMMENDED APPROVAL TO THE FULL BOARD OF TRUSTEES. ALL VOTING MEMBERS OF THE BOARD WERE GIVEN THE FORM 990 TO REVIEW PRIOR TO ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL TRUSTEES, OFFICERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY AND TO AFFIRM THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY. ANY INDIVIDUAL WHO HAS POTENTIAL CONFLICT OF INTEREST IS REQUIRED TO RECUSE HIMSELF FROM TAKING PART IN ANY DECISION WHERE THAT CONFLICT EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | DURING THE YEAR, THE BOARD OF TRUSTEES HAS CREATED A COMPENSATION COMMITTEE FOR THE ORGANIZATION. COMPENSATION IS REVIEWED ANNUALLY FOR THE PRESIDENT AND OTHER OFFICERS. SALARY RECOMMENDATIONS AND COMPARISONS FROM A NON-PROFIT INDUSTRY PLACEMENT FIRM WAS CONSIDERED BY THE COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION MAKES ITS MOST RECENTLY FILED FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 43,117. MANAGEMENT AND GENERAL EXPENSES 576. FUNDRAISING EXPENSES 11,549. TOTAL EXPENSES 55,242. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 411,006. MANAGEMENT AND GENERAL EXPENSES 13,618. FUNDRAISING EXPENSES 2,723. TOTAL EXPENSES 427,347. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 417,287. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 417,287. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST 69,375. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |