Collectors Of Wood Art Ltd in Richmond, Texas (TX)
Table of contents:
| Collectors Of Wood Art Ltd | |
| Employer Identification Number (EIN) | 522129784 |
| Name of Organization | Collectors Of Wood Art Ltd |
| In Care of Name | David Waterbury |
| Address | 105 S 2nd St, Richmond, TX 77469-3126 |
| Subsection | Charitable Organization |
| Ruling Date | 08/1999 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $101,636 |
| Amount of Income | $42,843 |
| Form 990 Revenue Amount | $42,843 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $42,843 (it was $29,751 in 2012)
| This organization: | $42,843 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2013: $101,636 (it was $76,648 in 2012)
| This organization: | $101,636 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $17,855
| Collectors Of Wood Art Ltd: | $17,855 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2013: 2.4
| This organization: | 2.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 4.7%
| This organization: | 4.7% |
| Other organizations performing similar types of work: | 72.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $49,820 | $29,751 | $42,843 |
| Contributions, gifts, grants, and similar amounts received | $24,010 | $2,000 | $2,000 |
| Program service revenue including government fees and contracts | $15,430 | $12,701 | $7,923 |
| Membership dues and assessments | $10,030 | $15,020 | $32,775 |
| Investment income | $350 | $130 | $145 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $52,542 | $51,751 | $17,855 |
| Total net assets | $98,664 | $76,648 | $101,636 |
| Excess/Deficit for the year | $-2,722 | $-22,016 | $24,988 |
| Net assets or fund balances at beginning of year | $101,386 | $98,664 | $76,648 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $76,648 | $101,636 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $98,664 | $76,648 | $101,636 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $98,664 | $76,648 | $101,636 |
| 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 | $215,693 |
| Subtotal | $215,693 |
| Gifts, grants, contributions, and membership fees received | $153,159 |
| 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 | $62,534 |
| 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 | $218,992 |
| Public support | $215,693 |
| Subtotal | $3,299 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,299 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charles Adams Studio Project | 511 Avenue K, Lubbock, TX 79401-1800 | TX | 2011-06 | $297,404 |
| 2 | School At Majestic Ranch | 543 Hwy 46 West Po Box 1708, Boerne, TX 78006 | TX | 2010-04 | $295,776 |
| 3 | The Artist Outreach Inc | Po Box 720561, Dallas, TX 75372 | TX | 2013-12 | $176,416 |
| 4 | Taos Opera Institute Llc | 810 S Avondale St, Amarillo, TX 79106-4113 | TX | 2010-03 | $154,567 |
| 5 | Instruments 4 Africa | 6101 Silverleaf, Garland, TX 75043 | TX | 2008-04 | $118,600 |
| 6 | Galveston Island Arts Academy | P O Box 3310, Galveston, TX 77552 | TX | 2003-04 | $39,627 |
| 7 | Quilters Guild Of Parker County | Po Box 2022, Weatherford, TX 76086 | TX | 2001-01 | $31,375 |
| 8 | The Port Lavaca Art Guild Inc | PO BOX 1503, Port Lavaca, TX 77979 | TX | 2007-09 | $25,080 |
| 9 | Arts At The Lake | P O Box 161, Somerville, TX 77879-0161 | TX | 2014-05 | $11,379 |
| 10 | Texas Association Of Quilt Guilds | 3816 Dutton Dr, Plano, TX 75023 | TX | 2001-10 | $9,653 |
| 11 | Texas Association For Hispanic Dance And Culture | PO BOX 227496, Dallas, TX 75222-7496 | TX | 2005-03 | $9,184 |
| 12 | Code Black | 1813 Streamside Dr, Friendswood, TX 77546 | TX | 2007-09 | $7,950 |
| 13 | F R I D A Free-Thinking Reflective Imaginative Developing Artists, Frida Inc | Po Box 720154, Mcallen, TX 78504 | TX | 2006-09 | $5,677 |
| 14 | Shine Studios Houston | 7705 Werner St, Houston, TX 77037-4433 | TX | 2010-07 | $4,000 |
| 15 | Round Rock Art Academy Inc | 513 Edwards Dr, Round Rock, TX 78664 | TX | 2010-02 | $2,453 |
| 16 | Millhouse Entertainment Llc | 709 Cowboys Pkwy 2024, Irving, TX 75063 | TX | 2008-02 | $2,300 |
| 17 | Texas Association Of Salsa Instructors Inc | 2310 Bastrop St, Houston, TX 77004-1402 | TX | 2010-09 | $1,640 |
| 18 | Edinburg Arts Foundation | 1906 S Closner Blvd, Edinburg, TX 78539-6316 | TX | 2013-03 | $1,308 |
| 19 | Llano Estacado Clay Guild | 511 Avenue K, Lubbock, TX 79401 | TX | 2003-01 | $973 |
| 20 | Vladimir Gorsky Foundation | 14902 Preston Rd Ste 404-1071, Dallas, TX 75254-9191 | TX | 2009-05 | $100 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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