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Nonprofiteer
← MUSIC CONSERVATORY OF SANDPOINT INC

Form 990 for tax year 2023

Filed by MUSIC CONSERVATORY OF SANDPOINT INC.

Totals

Total revenue
$687,977
Total expenses
$741,066
Contributions and grants received
$323,454
Grants paid
$0
Program service revenue
$291,893
Investment income
$0
Other revenue
$72,630
Total assets, end of year
$1,209,609
Total liabilities, end of year
$677,856
Net assets or fund balances, end of year
$531,753
Program services expenses (Part IX)
$518,743
Management and general expenses
$148,215
Fundraising expenses
$74,108
Program service expenses (Part III)
$518,743

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

    $323,454

  • 1g · Noncash contributions included above

    $25,000

  • 2a · Program service revenue: INSTRUCTION

    total $286,365 · related or exempt $286,365

  • 2b · Program service revenue: INSTRUMENT SALES

    total $3,685 · related or exempt $3,685

  • 2c · Program service revenue: MUSIC ACCESSORIES

    total $1,042 · related or exempt $1,042

  • 2d · Program service revenue: TICKET SALES

    total $801 · related or exempt $801

  • 6a · Gross rents

    real property $1,825

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,825

  • 6d · Net rental income or loss

    total $1,825 · excluded $1,825

  • 8a · Fundraising events: gross income

    $74,782

  • 8b · Fundraising events: direct expenses

    $12,463

  • 8c · Net income from fundraising events

    total $62,319 · excluded $62,319

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $8,486 · related or exempt $8,486

  • 11e · Other revenue, total

    $8,486

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $52,486 · program services $36,740 · management and general $10,497 · fundraising $5,249

  • 7 · Other salaries and wages

    total $263,103 · program services $184,172 · management and general $52,621 · fundraising $26,310

  • 10 · Payroll taxes

    total $27,086 · program services $18,960 · management and general $5,417 · fundraising $2,709

  • 11b · Fees: legal

    total $140 · program services $98 · management and general $28 · fundraising $14

  • 11c · Fees: accounting

    total $5,495 · program services $3,846 · management and general $1,099 · fundraising $550

  • 11g · Fees: other

    total $37,681 · program services $26,376 · management and general $7,536 · fundraising $3,769

  • 12 · Advertising and promotion

    total $6,243 · program services $4,370 · management and general $1,249 · fundraising $624

  • 13 · Office expenses

    total $9,903 · program services $6,932 · management and general $1,981 · fundraising $990

  • 16 · Occupancy

    total $31,345 · program services $21,941 · management and general $6,269 · fundraising $3,135

  • 17 · Travel

    total $1,428 · program services $999 · management and general $286 · fundraising $143

  • 20 · Interest

    total $29,080 · program services $20,356 · management and general $5,816 · fundraising $2,908

  • 22 · Depreciation, depletion and amortization

    total $56,842 · program services $39,790 · management and general $11,368 · fundraising $5,684

  • 23 · Insurance

    total $8,072 · program services $5,651 · management and general $1,614 · fundraising $807

  • 24a · Other expenses: INSTRUCTOR FEES

    total $120,063 · program services $84,044 · management and general $24,013 · fundraising $12,006

  • 24b · Other expenses: STUDENT SCHOLARSHIPS

    total $38,088 · program services $26,661 · management and general $7,618 · fundraising $3,809

  • 24c · Other expenses: EVENT EXPENSES

    total $26,408 · program services $18,485 · management and general $5,282 · fundraising $2,641

  • 24d · Other expenses: BANK FEES

    total $7,171 · program services $5,020 · management and general $1,434 · fundraising $717

  • 24e · All other expenses

    total $20,432 · program services $14,302 · management and general $4,087 · fundraising $2,043

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,350 · end of year $4,027

  • 4 · Accounts receivable

    beginning of year $4,526 · end of year $3,886

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

    $1,366,645

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

    $165,639

  • 10c · Land, buildings and equipment, net

    beginning of year $1,159,761 · end of year $1,201,006

  • 15 · Other assets

    beginning of year $10,999 · end of year $690

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,334 · end of year $36,058

  • 23 · Secured mortgages and notes payable

    beginning of year $573,040 · end of year $560,371

  • 24 · Unsecured notes and loans payable

    beginning of year $26,300 · end of year $79,694

  • 25 · Other liabilities

    beginning of year $7,120 · end of year $1,733

  • 27 · Net assets without donor restrictions

    beginning of year $574,842 · end of year $521,753

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 $518,743 · Revenue $300,379

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karin Wedemeyer

    EXECUTIVE DIRECTOR

    Total calculated
    $53,180
    From this org
    $53,180
    From related orgs
    $0
    Other
    $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
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202520279349300887

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