American Music Festival Ltd in Beaufort, North Carolina (NC)

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American Music Festival Ltd
Employer Identification Number (EIN)561733765
Name of OrganizationAmerican Music Festival Ltd
In Care of NameJohn R Harris
AddressPo Box 1099, Beaufort, NC 28516-1099
Websitehttp://www.amercianmusicfestival.org
ActivitiesCultural performances
SubsectionCharitable Organization
Ruling Date03/1992
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$204
Amount of Income$32,972
Form 990 Revenue Amount$32,972
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Higher Education Institutions


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Amount of income in 2011: $32,972
American Music Festival Ltd: 

 $32,972
Other organizations performing similar types of work: 

 $338,236

Assets in 2011: $204
This organization: 

 $204
Other organizations performing similar types of work: 

 $470,132

Expenses in 2007: $29,872
American Music Festival Ltd: 

 $29,872
Other organizations performing similar types of work: 

 $29,872

Income to expenses ratio in 2007: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 99.8%
This organization: 

 99.8%
Other organizations performing similar types of work: 

 99.8%

Grants share in income in 2007: 93.7%
American Music Festival Ltd: 

 93.7%
Other organizations performing similar types of work: 

 93.7%

Financial snapshot ($)

Revenue for 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$52,446$28,823$29,327$32,972
Contributions, gifts, grants, and similar amounts received$15,173$15,286$12,279$30,893
Contributions to donor advised funds$0$0
Direct public support$0$0$0$29,059
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$1,834
Program service revenue including government fees and contracts$11,050$13,537$17,048$0
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$2,079
Gross revenue$0$0$0$2,079
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$26,223$0$0$0
Total expenses$25,056$28,865$35,556$29,872
Program services$0$0$0$29,822
Management and general$0$0$0$0
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$50
Net assets or fund balances at end of year$3,030$2,989$-3,240$204
Excess or (deficit) for the year$27,390$-42$-6,229$3,100
Net assets or fund balances at beginning of year$1,863$3,031$2,989$0
Other changes in net assets or fund balances$-26,223$0$0$-2,896
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$29,822$29,822$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$6,500$6,500$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$232$232$0$0
Telephone$0$0$0$0
Postage and shipping$549$549$0$0
Occupancy$2,480$2,480$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$4,711$4,711$0$0
Travel$1,116$1,116$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$14,234$14,234$0$0
Balance Sheets
2004200520062007
Total assets$3,030$2,989$0$204
Cash - non-interest-bearing$0$0$0$204
Savings and temporary cash investments$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$0$0$3,240$0
Accounts payable and accrued expenses$0$0$0$0
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$0$0$0$204
Total net assets or fund balances$3,030$2,989$-3,240$204
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$0$0$0$32,972
Total revenue, gains, and other support per audited financial statements$0$0$0$32,972
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$0$0$0$29,872
Total expenses and losses per audited financial statements$0$0$0$29,872
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
99$6,500$0$1,000
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2003200420052006
Total$0$26,224$28,823$25,500
Gifts, grants, and contributions received$0$15,174$15,286$12,200
Membership fees received$0$0$13,537$9,300
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$11,050$0$4,000
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Music Festival LtdPo Box 1099, Beaufort, NC 28516-1099NC1992-03$32,972
2Montserrat College Of Art Inc23 Essex St, Beverly, MA 01915-4508MA1993-08$13,407,245
3Intercollegiate Studies Institute Inc3901 Centerville Rd, Wilmington, DE 19807-1938DE1954-05$9,232,123
4Jpr Foundation Inc1250 Siskiyou Blvd, Ashland, OR 97520-5001OR1998-07$4,083,086
5Association Of Independent Colleges Of Art And Design Inc236 Hope St, Providence, RI 02906-2212RI1992-01$889,415
6Mountain View Academy6200 W 20th St, Greeley, CO 80634-9675CO1993-12$772,558
7College Park At Grand Island3180 W Us Highway 34, Grand Island, NE 68801-7279NE1994-11$311,549
8Corry Higher Education Council221 N Center St, Corry, PA 16407-1626PA1991-07$298,371
9Joe And Nila White Hasler Foundation IncC/O Doug Hasler 502 Marshall St, Paris, IL 61944IL1998-08$156,761
10Alpha Upsilon Chapter Delta Kappa Gamma Society International Tr108 W Main St, Robinson, IL 62454-2036IL1995-02$53,115
11Maud Nuttall Memorial Green Lake Scholarship Trust108 W Main St, Robinson, IL 62454-2036IL1995-02$23,335
12Greenfield Peace Officers Academy300 Jefferson St, Greenfield, OH 45123OH1996-05$963
13Bluff City Christian College Of Memphis1169 Race St, Memphis, TN 38106-3216TN1995-09$0
14Covenant Life CollegeHc 60 Box 2665, Haines, AK 99827-9702AK1984-01$0
15Nomad University12819 Se 38th Street 14, Bellevue, WA 98006WA1992-07$0
16University Of Mississippi218 Carrier, University, MS 38655MS1946-10$0
Number of organizations performing similar types of work
Alaska1
California4
Colorado1
Delaware1
Florida1
Iowa1
Illinois3
Louisiana1
Massachusetts2
Missouri1
Mississippi1
North Carolina1
Nebraska1
New Jersey1
New York2
Ohio1
Oregon1
Pennsylvania2
Rhode Island1
South Carolina1
Tennessee1
Texas1
Virginia2
Washington3
Wisconsin1
International1
Total37

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