Nonprofit · EIN 81-0754644
SACRAMENTO PREPARATORY MUSIC ACADEMY
Tax-exempt · SACRAMENTO, CA 95816
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $234,926 | $263,603 | -$28,677 | $70,887 | $517,602 | -$446,715 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $49,459
- of which government grants
- $15,000
- Program service revenue
- $172,503
- Investment income
- $12,964
- Net gain from sales of assets
- $12,964
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $52,000
- Other salaries and wages
- $19,695
- Salaries, compensation and benefits (total)
- $77,790
- Professional fundraising fees
- $0
- Accounting fees
- $785
- Occupancy
- $19,451
- Depreciation
- $9,658
- Program services (functional)
- $214,750
- Management and general (functional)
- $18,471
- Fundraising (functional)
- $30,382
Balance sheet and other
- Total assets, start of year
- $91,474
- Total assets, end of year
- $70,887
- Total liabilities, end of year
- $517,602
- Net assets, end of year
- -$446,715
- Land, buildings and equipment
- $50,244
- Net assets without donor restrictions
- -$446,715
- Gross receipts
- $238,069
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENJAMIN MCCLARA | CEO Trustee or director, Officer | 40 | $52,000 |
| MELINDA BANISTER | TREASURER Trustee or director, Officer | 2 | $0 |
| PETER PETTY | SECRETARY Trustee or director, Officer | 2 | $0 |
| JEFF COX | DIRECTOR Trustee or director | 1 | $0 |
| JEWELYN WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2420 N STREET STUDIO 145, SACRAMENTO, CA 95816-0000
- Mailing address (990-N for 2015)
- 350 North Lexington Drive, Folsom CA 95630
- Principal officer (990 for 2022)
- BENJAMIN H MCCLARA, 350 NORTH LEXINGTON DRIVE, FOLSOM, CA 95630
- Principal officer (990-N for 2015)
- Benjamin McClara, 350 North Lexington Drive, Folsom CA 95630
- Signed the 990
- BENJAMIN H MCCLARA, PRESIDENT
- Phone
- (916) 382-2770
- Website
- www.sacprepmusic.com
- Return prepared by
- JEAN B FOSTER CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 81-0754644 or by the name SACRAMENTO PREPARATORY MUSIC ACADEMY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO SUPPORT AND ADVANCE ACCESS TO LIFELONG LEARNING OPPORTUNITIES IN MUSIC ARTS EDUCATION. TO CREATE AN ENVIRONMENT WHERE STUDENTS AND PERFORMING ARTISTS CAN MEET FOR THE STUDY OF MUSIC ARTS EDUCATION, PERFORMANCE AND RELATED ART FORMS. TO PRESENT PUBLIC PERFORMANCES AND RECITALS OF MUSIC TO THE COMMUNITY.
Program accomplishments
- SERVED 350+ STUDENTS IN LOCAL SCHOOLS THROUGH OUR MUSIC IN SCHOOLS, GUITAR PROJECT. PROVIDED SCHOLARSHIPS FOR 22 YEAR-ROUND, OUTSTANDING STUDENTS IN OUR GUITAR PROJECT ENSEMBLE.Expenses $85,069 · revenue $49,341
- OUR BEATLES GUITAR PROJECT TOURED AND PERFORMED THE FOLLOWING CONCERTS DURING THIS FISCAL YEAR: A RUBBER SOUL/REVOLVER CONCERT, A SGT PEPPERS/MYSTERY TOUR CONCERT, AND A HARD DAYS NIGHT/HELP CONCERT. THIS PROJECT SUPPORTS PROFESSIONAL MUSICIANS IN SACRAMENTO AND CONNECTS WITH AUDIENCES IN NORTHERN CALIFORNIA, WHILE PROVIDING PERFORMANCE OPPORTUNITIES TO STUDENTS IN THE PROGRAM. IN ADDITION, STUDENTS PERFORMED AT MANY FARMERS MARKET GATHERINGS IN SACRAMENTO AND SEVERAL OUTINGS TO SENIOR CITIZEN CENTERS.Expenses $129,681 · revenue $136,126
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 81-0754644
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6E)
- Assets (IRS master file)
- $70,887
- Income (IRS master file)
- $238,069
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $234,926 | $263,603 | $70,887 | XML |
| 990 | June 2022 | $299,299 | $678,425 | $91,474 | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Benjamin McClara | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0754644).
Questions about SACRAMENTO PREPARATORY MUSIC ACADEMY
- What is the EIN of SACRAMENTO PREPARATORY MUSIC ACADEMY?
- The employer identification number (EIN) of SACRAMENTO PREPARATORY MUSIC ACADEMY is 81-0754644.
- Is SACRAMENTO PREPARATORY MUSIC ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to SACRAMENTO PREPARATORY MUSIC ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SACRAMENTO PREPARATORY MUSIC ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SACRAMENTO PREPARATORY MUSIC ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SACRAMENTO PREPARATORY MUSIC ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of SACRAMENTO PREPARATORY MUSIC ACADEMY?
- The 990 for the year ended June 30, 2023 names BENJAMIN H MCCLARA.
- Who are the officers and directors of SACRAMENTO PREPARATORY MUSIC ACADEMY?
- The 990 for the year ended June 30, 2023 lists 5 people; 1 received compensation from the organization, the highest $52,000 (BENJAMIN MCCLARA, CEO).
- How much revenue does SACRAMENTO PREPARATORY MUSIC ACADEMY have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $234,926, expenses of $263,603 and total assets of $70,887 at year end.
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