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Sarasota Music Conservatory Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Music (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$264k (2023)

Expenses
$293k (2023)

Total Assets
$66.5k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$264,303
Expenses
$293,096
Net Income
-$28,793
Net Assets
$66,459
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,688
11.6%
Program Services $233,763
88.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$148
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,313
16.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $66,459
Total Liabilities $0
Net Assets $66,459
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lena Cambis (Treasurer/Musician) $25,529 $0 $0
Sean O'neil (Secretary/Director/Musician) $16,751 $0 $0
Stephen Fancher (President/Director/Musician) $5,033 $0 $0
Dean Anderson (Director) $0 $0 $0
Daniel Jordan (Director/Musician) $0 $0 $0
Rosalinda Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$258,135
Expenses
$251,327
Net Income
$6,808
Net Assets
$95,193
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,524
27.7%
Program Services $186,611
72.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $38,343
15.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $97,193
Total Liabilities $2,000
Net Assets $95,193
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lena Cambis (Treasurer/Musician) $16,281 $0 $0
Sean O'neil (Secretary/Director/Musician) $13,791 $0 $0
Stephen Fancher (President/Director/Musician) $8,271 $0 $0
Dean Anderson (Director) $0 $0 $0
Daniel Jordan (Director/Musician) $0 $0 $0
Rosalinda Ross (Director) $0 $0 $0
Jamal Sarikoki Resigned 1122 (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$213,562
Expenses
$213,082
Net Income
$480
Net Assets
$75,503
Notable Sources of Revenue Percent of Total Revenue
Contributions $53,372
25.0%
Program Services $159,544
74.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $646
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,924
15.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $92,269
Total Liabilities $16,766
Net Assets $75,503
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lena Cambis (Treasurer/Musician) $23,960 $0 $0
Stephen Fancher (President/Director/Musician) $8,033 $0 $0
Sean O'neil (Secretary/Director/Musician) $4,298 $0 $0
Daniel Jordan (Director/Musician) $83 $0 $0
Dean Anderson (Director) $0 $0 $0
Rosalinda Ross (Director) $0 $0 $0
Jamal Sarikoki (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$233,705
Expenses
$170,183
Net Income
$63,522
Net Assets
$75,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,250
42.9%
Program Services $134,847
57.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,392
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,308
19.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $86,665
Total Liabilities $11,642
Net Assets $75,023
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lena Cambis (Treasurer/Musician) $12,148 $0 $0
Stephen Fancher (President/Director/Musician) $7,464 $0 $0
Sean O'neil (Secretary/Director/Musician) $6,983 $0 $0
Daniel Jordan (Director/Musician) $1,520 $0 $0
Dean Anderson (Director) $0 $0 $0
Rosalinda Ross (Director) $0 $0 $0
Jamal Sarikoki (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$143,212
Expenses
$125,183
Net Income
$18,029
Net Assets
$23,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,738
4.0%
Program Services $121,407
84.8%
Investment Income $0
Net Fundraising $15,192
10.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $875
0.6%
Assets/Debt
Total Assets $23,904
Total Liabilities $0
Net Assets $23,904
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Stephen Fancher (President) $0 $0
Dean Anderson (Secretary) $0 $0
Carolyn Clark (Cfo) $0 $0
Sean P O'neil (Officer) $0 $0
Linda Ross (Officer) $0 $0
Lena Cambis (Ceo) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$104,579
Expenses
$119,891
Net Income
-$15,312
Net Assets
$5,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,669
13.1%
Program Services $90,904
86.9%
Investment Income $6
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $12,565
Total Liabilities $6,690
Net Assets $5,875

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$93,812
Expenses
$80,956
Net Income
$12,856
Net Assets
$21,187
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,441
33.5%
Program Services $62,369
66.5%
Investment Income $2
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $27,074
Total Liabilities $5,887
Net Assets $21,187
Compensation
Key Employees and Officers Compensation Other
Lena Cambis (Pres) $0 $0
Sean P O'neil (V Pres) $0 $0
Abraham B Feder (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$84,293
Expenses
$76,470
Net Income
$7,823
Net Assets
$8,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,532
36.2%
Program Services $53,761
63.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $11,125
Total Liabilities $2,798
Net Assets $8,327
Compensation
Key Employees and Officers Compensation Other
Lena Cambis (Pres) $0 $0
Sean P O'neil (V Pres) $0 $0
Abraham B Feder (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$56,566
Expenses
$56,691
Net Income
-$125
Net Assets
$505
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,970
19.4%
Program Services $45,596
80.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,443
Total Liabilities $3,938
Net Assets $505
Compensation
Key Employees and Officers Compensation Other
Lena Cambis (Pres) $0 $0
Sean P O'neil (V Pres) $0 $0
Abraham B Feder (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$36,683
Expenses
$39,237
Net Income
-$2,554
Net Assets
$630
Notable Sources of Revenue Percent of Total Revenue
Contributions $105
0.3%
Program Services $36,578
99.7%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $7,563
Total Liabilities $6,933
Net Assets $630
Compensation
Key Employees and Officers Compensation Other
Lena Cambis (Pres) $0 $0
Sean P O'neil (V Pres) $0 $0
Abraham B Feder (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$51,863
Expenses
$49,466
Net Income
$2,397
Net Assets
$3,185
Notable Sources of Revenue Percent of Total Revenue
Contributions $855
1.6%
Program Services $51,008
98.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $5,187
Total Liabilities $2,002
Net Assets $3,185

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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