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Nonprofiteer
← MUSIC CONSERVATORY OF SANDPOINT INC

Form 990 for tax year 2022

Filed by MUSIC CONSERVATORY OF SANDPOINT INC.

Totals

Total revenue
$867,777
Total expenses
$664,804
Contributions and grants received
$566,650
Grants paid
$0
Program service revenue
$277,266
Investment income
$222
Other revenue
$23,639
Total assets, end of year
$1,252,636
Total liabilities, end of year
$667,794
Net assets or fund balances, end of year
$584,842
Program services expenses (Part IX)
$465,361
Management and general expenses
$132,960
Fundraising expenses
$66,483
Program service expenses (Part III)
$465,361

Program services were 70.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $566,650

  • 1g · Noncash contributions included above

    $65,000

  • 2a · Program service revenue: INSTRUCTION

    total $246,709 · related or exempt $246,709

  • 2b · Program service revenue: TICKET SALES

    total $28,311 · related or exempt $28,311

  • 2c · Program service revenue: MUSIC ACCESSORIES

    total $1,241 · related or exempt $1,241

  • 2d · Program service revenue: INSTRUMENT SALES

    total $1,005 · related or exempt $1,005

  • 3 · Investment income

    total $222 · related or exempt $222

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $14,689 · related or exempt $14,689

  • 11b · Other revenue: TENANT INCOME

    total $8,950 · related or exempt $8,950

  • 11e · Other revenue, total

    $23,639

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $52,020 · program services $36,414 · management and general $10,404 · fundraising $5,202

  • 7 · Other salaries and wages

    total $210,149 · program services $147,104 · management and general $42,030 · fundraising $21,015

  • 10 · Payroll taxes

    total $20,311 · program services $14,218 · management and general $4,062 · fundraising $2,031

  • 11c · Fees: accounting

    total $5,720 · program services $4,004 · management and general $1,144 · fundraising $572

  • 11g · Fees: other

    total $17,824 · program services $12,476 · management and general $3,565 · fundraising $1,783

  • 12 · Advertising and promotion

    total $11,026 · program services $7,718 · management and general $2,205 · fundraising $1,103

  • 13 · Office expenses

    total $13,714 · program services $9,600 · management and general $2,743 · fundraising $1,371

  • 16 · Occupancy

    total $45,990 · program services $32,193 · management and general $9,198 · fundraising $4,599

  • 20 · Interest

    total $7,499 · program services $5,249 · management and general $1,500 · fundraising $750

  • 22 · Depreciation, depletion and amortization

    total $31,409 · program services $21,986 · management and general $6,282 · fundraising $3,141

  • 23 · Insurance

    total $7,147 · program services $5,003 · management and general $1,429 · fundraising $715

  • 24a · Other expenses: INSTRUCTOR FEES

    total $156,818 · program services $109,772 · management and general $31,364 · fundraising $15,682

  • 24b · Other expenses: EVENT EXPENSES

    total $57,619 · program services $40,333 · management and general $11,524 · fundraising $5,762

  • 24c · Other expenses: INSTRUCTION MATERIAL

    total $5,456 · program services $3,819 · management and general $1,091 · fundraising $546

  • 24d · Other expenses: BANK FEES

    total $5,072 · program services $3,551 · management and general $1,014 · fundraising $507

  • 24e · All other expenses

    total $17,030 · program services $11,921 · management and general $3,405 · fundraising $1,704

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,572 · end of year $77,350

  • 2 · Savings and temporary cash investments

    beginning of year $5,006

  • 4 · Accounts receivable

    beginning of year $5,776 · end of year $4,526

  • 8 · Inventories for sale or use

    beginning of year $49

  • 10a · Land, buildings and equipment: cost or other basis

    $1,268,558

  • 10b · Land, buildings and equipment: accumulated depreciation

    $108,797

  • 10c · Land, buildings and equipment, net

    beginning of year $953,182 · end of year $1,159,761

  • 15 · Other assets

    beginning of year $630 · end of year $10,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $331 · end of year $61,334

  • 23 · Secured mortgages and notes payable

    beginning of year $606,836 · end of year $573,040

  • 24 · Unsecured notes and loans payable

    beginning of year $10,000 · end of year $26,300

  • 25 · Other liabilities

    beginning of year $7,179 · end of year $7,120

  • 27 · Net assets without donor restrictions

    beginning of year $381,869 · end of year $574,842

  • 28 · Net assets with donor restrictions

    end of year $10,000

Mission and programs · 2022

Mission

THE PURPOSE OF MUSIC CONSERVATORY OF SANDPOINT IS TO PROVIDE AFFORDABLE QUALITY MUSIC EDUCATION, TO NURTURE CREATIVITY AND TO HELP STUDENTS EXPERIENCE THE JOY AND BENEFITS OF MUSIC THROUGH CONTINUOUS CLASSES AND PROGRAMS THAT ARE AVAILABLE TO STUDENTS OF ALL AGES AND ABILITIES.

  • FORMED IN SEPTEMBER 2009, THE SCHOOL HAS GROWN FROM THREE CLASSES AND 13 STUDENTS TO AN ORGANIZATION THAT NOW BOASTS MULTIPLE GROUP CLASSES, OVER A DOZEN INSTRUCTORS AND MORE THAN 100 STUDENTS.

    Expenses $465,361 · Revenue $301,127

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karin Wedemeyer

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Dana Whatley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Charis Uzabel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Christiana Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Curt Hagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nikki Luttman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amy Bean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Moye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202440199349300229

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