Downtown Los Angeles Art Walk in Los Angeles, California (CA)
Table of contents:
| Downtown Los Angeles Art Walk | |
| Employer Identification Number (EIN) | 270575032 |
| Name of Organization | Downtown Los Angeles Art Walk |
| In Care of Name | David Hernand |
| Address | 114 W 5th St, Los Angeles, CA 90013 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/2011 |
| 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 | 2009 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $26,318 |
| Amount of Income | $162,267 |
| Form 990 Revenue Amount | $162,267 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2009: $162,267 (it was $162,267 in 2014)
| This organization: | $162,267 |
| Other organizations performing similar types of work: | $76,375 |
Assets in 2009: $26,318 (it was $26,318 in 2014)
| Downtown Los Angeles Art Walk: | $26,318 |
| Other organizations performing similar types of work: | $32,362 |
Expenses in 2014: $157,792
| Downtown Los Angeles Art Walk: | $157,792 |
| Other organizations performing similar types of work: | $58,801 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 24.6%
| Downtown Los Angeles Art Walk: | 24.6% |
| Other organizations performing similar types of work: | 43.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $109,493 | $172,449 | $162,267 | |
| Contributions, gifts, grants, and similar amounts received | $109,435 | $172,449 | $39,962 | |
| Program service revenue including government fees and contracts | $0 | $0 | $122,305 | |
| 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 | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $58 | $0 | $0 | |
| Other revenue | $0 | $0 | $0 | |
| Total expenses | $84,283 | $207,445 | $157,792 | |
| Total net assets | $38,747 | $-9,258 | $-4,782 | |
| Excess/Deficit for the year | $25,210 | $-34,996 | $4,475 | |
| Net assets or fund balances at beginning of year | $13,537 | $25,738 | $-9,257 | |
| Other changes in net assets or fund balances | $0 | $0 | $0 | |
| Net assets or fund balances at end of year | $-9,258 | $-4,782 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $40,853 | $44,661 | $24,628 | $26,318 |
| Total liabilities | $2,106 | $18,923 | $33,886 | $31,100 |
| Net assets or fund balances | $38,747 | $-9,258 | $-4,782 | |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | No | |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $462,109 |
| Subtotal | $462,109 |
| Gifts, grants, contributions, and membership fees received | $339,804 |
| 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 | $122,305 |
| 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 | $462,109 |
| Public support | $462,109 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Litquake Foundation | 57 Post St Ste 604, San Francisco, CA 94104-5023 | CA | 2010-06 | $412,357 |
| 2 | Young Audiences Of Northern California | 465 California St Ste 433, San Francisco, CA 94104-1842 | CA | 2004-11 | $329,882 |
| 3 | Downtown San Diego Partnership Foundation | 401 B Street Suite 100, San Diego, CA 92101 | CA | 2002-02 | $176,721 |
| 4 | Downtown Los Angeles Art Walk | 114 W 5th St, Los Angeles, CA 90013 | CA | 2011-07 | $162,267 |
| 5 | Ventura County Arts Council | 646 County Square Dr Ste 154, Ventura, CA 93003-0436 | CA | 1997-07 | $95,855 |
| 6 | Swan Foundation Inc | 1450 University Avenue Suite F-524, Riverside, CA 92507 | CA | 2014-08 | $1,500 |
| 7 | Allied Crafts Council Of San Diego | 4880 Biona Drive, San Diego, CA 92116 | CA | 2012-02 | $0 |
| 8 | Art Aid Inc | 2259 Pelham Place, Oakland, CA 94611 | CA | 2014-08 | $0 |
| 9 | Art Workshop Of Western Sonoma County | Po Box 23, Rio Nido, CA 95471 | CA | 2011-06 | $0 |
| 10 | Artists Of River Town | P O Box 162, Oroville, CA 95965 | CA | 2007-03 | $0 |
| 11 | Artree Community Arts Center | Po Box 220801, Newhall, CA 91322 | CA | 2010-10 | $0 |
| 12 | Arts Collaborative Of Nevada County | Po Boc 1833, Nevada City, CA 95959 | CA | 2009-09 | $0 |
| 13 | Biped Exchange | 799 Castro St, San Francisco, CA 94114-2849 | CA | 2006-07 | $0 |
| 14 | Blue Dot Mission Inc | 17510 Ludlow St, Granada Hills, CA 91344 | CA | 2013-02 | $0 |
| 15 | Building Bridges A Santa Barbara Community Coalition | PO BOX 3484, Santa Barbara, CA 93130-3484 | CA | 2001-07 | $0 |
| 16 | California Culture Net | 693 Sutter St Fl 3, San Francisco, CA 94102-1028 | CA | 2000-12 | $0 |
| 17 | Californians For The Arts | 1119 Market St 2nd Floor, San Francisco, CA 94103 | CA | 2014-10 | $0 |
| 18 | Central Coast Watercolor Society Inc | Po Box 2418, Nipomo, CA 93444 | CA | 2013-05 | $0 |
| 19 | Chatsworth Fine Arts Council | Po Box 5122, Chatsworth, CA 91311 | CA | 2002-02 | $0 |
| 20 | Create To Learn | 10 Sunnyvale, Irvine, CA 92602 | CA | 2014-08 | $0 |
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| Total | 590 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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