Low Key Arts Incorporated, The Valley Of The Vapors Independent Music Festival in Hot Springs, Arkansas (AR)
Table of contents:
| Low Key Arts Incorporated, The Valley Of The Vapors Independent Music Festival | |
| Employer Identification Number (EIN) | 204093585 |
| Name of Organization | Low Key Arts Incorporated |
| Secondary Name | The Valley Of The Vapors Independent Music Festival |
| In Care of Name | Shea Childs |
| Address | 112 Edgewood, Hot Springs, AR 71901 |
| Website | http://www.valleyofthevapors.com |
| Subsection | Educational Organization |
| Ruling Date | 02/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2010 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $20,359 |
| Amount of Income | $85,780 |
| Form 990 Revenue Amount | $72,510 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Organizations |
Non-representatives - add comments:
Amount of income in 2010: $85,780 (it was $72,510 in 2013)
| This organization: | $85,780 |
| Other organizations performing similar types of work: | $62,906 |
Assets in 2010: $20,359 (it was $20,359 in 2013)
| Low Key Arts Incorporated, The Valley Of The Vapors Independent Music Festival: | $20,359 |
| Other organizations performing similar types of work: | $17,297 |
Expenses in 2013: $70,395
| This organization: | $70,395 |
| Other organizations performing similar types of work: | $56,825 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 45.5%
| This organization: | 45.5% |
| Other organizations performing similar types of work: | 90.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $64,083 | $76,403 | $72,510 |
| Contributions, gifts, grants, and similar amounts received | $12,853 | $31,109 | $32,979 |
| Program service revenue including government fees and contracts | $50,817 | $32,828 | $24,945 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $165 | $0 | $6,326 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $1,200 | $0 | $9,182 |
| Less: direct expenses from gaming and fundraising events | $1,035 | $0 | $2,856 |
| Gross profit/loss from sales of inventory | $248 | $12,466 | $8,260 |
| Gross sales of inventory, less returns and allowances | $3,680 | $21,897 | $18,674 |
| Less: cost of goods sold | $3,432 | $9,431 | $10,414 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $68,451 | $73,768 | $70,395 |
| Total net assets | $9,078 | $11,713 | $13,828 |
| Excess/Deficit for the year | $-4,368 | $2,635 | $2,115 |
| Net assets or fund balances at beginning of year | $13,446 | $9,078 | $11,713 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $11,713 | $13,828 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $15,590 | $16,134 | $20,359 |
| Total liabilities | $6,512 | $4,421 | $6,531 |
| Net assets or fund balances | $9,078 | $11,713 | $13,828 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $211,691 |
| Subtotal | $211,691 |
| Gifts, grants, contributions, and membership fees received | $82,839 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $128,852 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $211,691 |
| Public support | $211,691 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Masonic Temple Assn in Hot Springs, AR
 |
| Peak Cemetery Fund in Hot Springs, AR |
|
Storks Nest Charity Fund in Little Rock, AR
|
| Bibles For Belize in Vilonia, AR |
| Lost Cherokee Nation Tribal Association Inc in Dover, AR |
|
Divine Destiny Ministries in Fort Smith, AR
|
| Gods Feeding Hands in Mena, AR |
|
Beckham Ridge Ministries in Mountain View, AR
|
|
Unconditional Love Pet Rescue in Eureka Spgs, AR
|
Arkansas Regional Organ Recovery Agency Inc in Little Rock, AR
 |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Performing Arts Center On The Square | 219 W Arch Ave, Searcy, AR 72143-5301 | AR | 2003-10 | $143,737 |
| 2 | Low Key Arts Incorporated, The Valley Of The Vapors Independent Music Festival | 112 Edgewood, Hot Springs, AR 71901 | AR | 2008-02 | $85,780 |
| 3 | Royal Players Inc | 111 S Market St, Benton, AR 72015-4301 | AR | 1996-02 | $77,164 |
| 4 | Arkansas Historic Wine Museum Inc | 101 N Carbon City Rd, Paris, AR 72855 | AR | 1995-05 | $0 |
| 5 | Bearden Producion Company | 410 North Maple, North Little Rock, AR 72114 | AR | 2007-11 | $0 |
| 6 | Clark County Arts And Humanities Council | 1511 North 10th Street, Arkadelphia, AR 71923 | AR | 2011-06 | $0 |
| 7 | Creative Ideas | 24220 Mashburn Trail, Little Rock, AR 72210 | AR | 2009-05 | $0 |
| 8 | Faulkner Academy Of Arts Inc | Po Box 93, Wooster, AR 72181 | AR | 2009-09 | $0 |
| 9 | Giving Laughs Inc | 3019 W Marigold Dr, Fayetteville, AR 72704-6608 | AR | 2014-11 | $0 |
| 10 | Greers Ferry Lake Fine Music Series | PO BOX 843, Heber Springs, AR 72543-0843 | AR | 2008-11 | $0 |
| 11 | Kingdom Kidz Club | 8 Whitwick Ln, Bella Vista, AR 72715-8836 | AR | 2009-01 | $0 |
| 12 | Knowing Our Past-The Holocaust | PO BOX 17005, Little Rock, AR 72222-7005 | AR | 1999-07 | $0 |
| 13 | North Arkansas Danse Theatre | Po Box 1121, Mtn View, AR 72560 | AR | 1998-09 | $0 |
| 14 | Northwest Arkansas Arts Foundation | PO BOX 7191, Springdale, AR 72766-7191 | AR | 2014-09 | $0 |
| 15 | Pine Bluff Community Concert | PO BOX 8947, Pine Bluff, AR 71611-8947 | AR | 1979-07 | $0 |
| 16 | Resonantvoices Inc | 1214 Ne Buckingham Blvd, Bentonville, AR 72712-8579 | AR | 2004-02 | $0 |
| 17 | Sarajevo Winter Guard Inc | 2517 N Candlewood Dr, Fayetteville, AR 72703 | AR | 2003-12 | $0 |
| 18 | Songbird Multimedia And Performing Arts Foundation Inc | Box 19511, Little Rock, AR 72209 | AR | 2009-06 | $0 |
| 19 | Tri-County Community And Recreation Center | 135 Wall St, Lexa, AR 72355-8549 | AR | 2007-02 | $0 |
| 20 | Untapped Inc | 513 N Polk St, Little Rock, AR 72205 | AR | 2013-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 3,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Low Key Arts Incorporated, The Valley Of The Vapors Independent Music Festival »
Non-representatives - add comments about Low Key Arts Incorporated, The Valley Of The Vapors Independent Music Festival»