IAM MUSIC INC: Form 990EZ, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- IAM MUSIC INC (EIN 46-4504205)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-09-29
- IRS object ID
- 201722729349200722
- Schema version
- 2016v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-09-29T11:56:58-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICKEY RAMSEY CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1130 MAIN AVENUE 2ND FLR | AddressLine1Txt |
| City | DURANGO | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464504205 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IAM Music Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IAMM | BusinessNameControlTxt |
| Phone | 9707997450 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1315 Main | AddressLine1Txt |
| City | Durango | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81301 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JILL WRIGHT | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 9707997450 | PhoneNum |
| Signature | 2017-05-13 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICKEY RAMSEY | PreparerPersonNm |
| Phone | 9703851740 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.39.28.106 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-09-29 | IPDt |
| IP Tm | 11:56:47 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 2CAE78BCD6C5174E09FFE17B2A9D252FCBD1C389 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 2CAE78BCD6C5174E09FFE17B2A9D252FCBD1C389 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $176,367 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $24,531 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $108,947 | ProgramServiceRevenueAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Investment Income | $1 | InvestmentIncomeAmt |
| Sale Of Assets Gross | $4,615 | SaleOfAssetsGrossAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Gain Or Loss From Sale Of Assets | $4,615 | GainOrLossFromSaleOfAssetsAmt |
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Fundraising Gross Income | $38,273 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $32,741 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $5,532 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Loss Sls Of Invntry | $0 | GrossProfitLossSlsOfInvntryAmt |
| Total Revenue | $143,626 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $100,028 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $15,464 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $18,199 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $1,690 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $14,035 | OtherExpensesTotalAmt |
| Total Expenses | $149,416 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$5,790 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $10,893 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,103 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,497 | BOYAmt |
| EOY | $5,204 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,311 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $905 | BOYAmt |
| EOY | $1,657 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,402 | BOYAmt |
| EOY | $8,172 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,509 | BOYAmt |
| EOY | $3,069 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,893 | BOYAmt |
| EOY | $5,103 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Muscial Education | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | Development and execution of educational musical programs for over 300 children. Musical education is provided to children at 5 schools that offer limited music programs Private lessons and instrument rental are given at a greatly reduced price. | DescriptionProgramSrvcAccomTxt |
| Program Service Expenses | $149,416 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $149,416 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| JOE BISHOP | ||
| President | 4.00 | $0 |
| GREG MURRAY | ||
| Vice President | 1.00 | $0 |
| JILL WRIGHT | ||
| Secretary | 1.00 | $0 |
| CLAYTON LABAUME | ||
| Director | 1.00 | $0 |
| DREHER ROBINSON | ||
| Director | 4.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JESSE OGLE | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1315 Main Suite 207 | AddressLine1Txt |
| City | Durango | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9707997450 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
| Public Support Total170 | $0 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY170 | 0 | PublicSupportCY170Pct |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $751 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,760 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,531 | CurrentTaxYearAmt |
| Total | $52,042 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $45,906 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $128,986 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $113,562 | CurrentTaxYearAmt |
| Total | $288,454 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $46,657 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $155,746 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $138,093 | CurrentTaxYearAmt |
| Total | $340,496 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $340,496 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $1 | CurrentTaxYearAmt |
| Total | $1 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $1 | CurrentTaxYearAmt |
| Total | $1 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $340,497 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 1.00000 | PublicSupportCY509Pct |
| Public Support PY509 | 1.00000 | PublicSupportPY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Festival | Event1Nm |
| Gross Receipts Event1 | $38,273 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $38,273 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $32,741 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $38,273 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $38,273 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $32,741 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $32,741 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $5,532 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (18 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990EZ, Part I, Line 16 | Advertising 916. |
| Form 990EZ, Part I, Line 16 | Bank fees 28. |
| Form 990EZ, Part I, Line 16 | Music Supplies 2973. |
| Form 990EZ, Part I, Line 16 | Meetings 186. |
| Form 990EZ, Part I, Line 16 | Supplies 1452. |
| Form 990EZ, Part I, Line 16 | Telephone, communications 3437. |
| Form 990EZ, Part I, Line 16 | Insurance 2201. |
| Form 990EZ, Part I, Line 16 | Meals 80. |
| Form 990EZ, Part I, Line 16 | Internet/Website 377. |
| Form 990EZ, Part I, Line 16 | Postage 209. |
| Form 990EZ, Part I, Line 16 | Credit Card Fees 281. |
| Form 990EZ, Part I, Line 16 | Parking/Fuel/Mileage 92. |
| Form 990EZ, Part I, Line 16 | Show Expenses 402. |
| Form 990EZ, Part I, Line 16 | Depreciation 1401. |
| Form 990EZ, Part II, Line 24 | Due From 905. 1067. |
| Form 990EZ, Part II, Line 24 | Utilities Deposit 590. |
| Form 990EZ, Part II, Line 26 | Credit Card Payable 1509. 0. |
| Form 990EZ, Part II, Line 26 | Due to 3069. |