Kings Art Center Foundation in Hanford, California (CA)
Table of contents:
| Kings Art Center Foundation | |
| Employer Identification Number (EIN) | 770241061 |
| Name of Organization | Kings Art Center Foundation |
| Address | 605 N Douty St, Hanford, CA 93230-3912 |
| Activities | Literary activities |
| Subsection | Charitable Organization |
| Ruling Date | 10/1990 |
| 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 | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,118,184 |
| Amount of Income | $316,723 |
| Form 990 Revenue Amount | $118,794 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $316,723 (it was $397,725 in 2012)
| Kings Art Center Foundation: | $316,723 |
| Other organizations performing similar types of work: | $1,258,505 |
Assets in 2013: $1,118,184 (it was $1,089,363 in 2012)
| This organization: | $1,118,184 |
| Other organizations performing similar types of work: | $4,746,079 |
Expenses in 2012: $119,167
| This organization: | $119,167 |
| Other organizations performing similar types of work: | $906,066 |
Income to expenses ratio in 2012: 2.7
| Kings Art Center Foundation: | 2.7 |
| Other organizations performing similar types of work: | 1.3 |
Number of employees in 2012: 17
| Kings Art Center Foundation: | 17 |
| Other organizations performing similar types of work: | 29 |
Grants share in income in 2012: 46.9%
| This organization: | 46.9% |
| Other organizations performing similar types of work: | 64.8% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $119,712 |
| Contributions, Gifts, Grants and Other Similar Amounts | $56,093 |
| Program Service Revenue | $16,427 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $10,254 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $8,738 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $286,751 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $278,013 / $0 |
| Gain or (loss) (Securities / Other) | $8,738 / $0 |
| Net income from fundraising events | $28,200 |
| Gross income from fundraising events | $28,200 |
| Less: direct expenses | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $119,167 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $58,241 |
| Payroll taxes | $7,136 |
| Professional fundraising services | $0 |
| Other | $53,790 |
| Balance Sheet (for 2012) | |
| Total assets | $1,089,363 |
| Total liabilities | $6,955 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $6,955 |
| Total net assets or fund balances | $1,082,408 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $478,443 |
| Gifts, grants, contributions, and membership fees received | $285,337 |
| 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 | $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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $67,709 |
| Other | $125,397 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | San Francisco Museum Of Modern Art | 172 Minna St, San Francisco, CA 94105-4125 | CA | 1937-04 | $320,850,884 |
| 2 | Asian Art Museum Foundation Of San Francisco | 200 Larkin St, San Francisco, CA 94102-4734 | CA | 1969-06 | $41,240,546 |
| 3 | Museum Of Contemporary Art | 250 S Grand Ave, Los Angeles, CA 90012-3007 | CA | 1980-03 | $31,932,203 |
| 4 | Museum Of Contemporary Art San Diego | 700 Prospect St, La Jolla, CA 92037-4228 | CA | 1943-01 | $21,802,496 |
| 5 | Santa Barbara Museum Of Art | 1130 State St, Santa Barbara, CA 93101-2713 | CA | 1985-04 | $21,749,975 |
| 6 | Armand Hammer Museum Of Art And Cultural Center Inc | 10899 Wilshire Blvd, Los Angeles, CA 90024-4343 | CA | 1994-03 | $18,432,778 |
| 7 | San Diego Museum Of Art | 1450 El Prado, San Diego, CA 92101-1618 | CA | 1935-06 | $13,992,297 |
| 8 | Norton Simon Museum Of Art At Pasadena | 411 W Colorado Blvd, Pasadena, CA 91105-1825 | CA | 1943-05 | $12,691,618 |
| 9 | Copia The American Center For Wine Food & The Arts | 500 1st St, Napa, CA 94559-2629 | CA | 1997-01 | $10,223,834 |
| 10 | Putnam Foundation | 2550 5th Avenue, San Diego, CA 92103-6612 | CA | 1952-06 | $3,212,498 |
| 11 | The Museum Of Art And History At The Mcpherson Center | 705 Front St, Santa Cruz, CA 95060-4508 | CA | 1983-01 | $2,185,542 |
| 12 | Santa Monica Museum Of Art | 2525 Michigan Ave Bergamot Stn G1, Santa Monica, CA 90404 | CA | 1985-12 | $2,005,551 |
| 13 | Sonoma Valley Museum Of Art | PO BOX 322, Sonoma, CA 95476-0322 | CA | 1998-08 | $762,904 |
| 14 | Triton Museum Of Art | 1505 Warburton Ave, Santa Clara, CA 95050-3712 | CA | 1965-12 | $636,027 |
| 15 | Santa Barbara Art Association | PO BOX 61642, Santa Barbara, CA 93160-1642 | CA | 1973-11 | $76,919 |
| 16 | Twentynine Palms Artists Guild | P O Box 115, Twentynine Palms, CA 92277 | CA | 1989-03 | $43,743 |
| 17 | Women Beyond Borders C/O Lorraine Serena | 1101 Eugenia Place Room/Suite C, Carpinteria, CA 93013-2012 | CA | 1997-12 | $30,191 |
| 18 | The Amir Art Foundation | 8730 Wilshire Blvd Ste 300, Beverly Hills, CA 90211-2779 | CA | 2005-12 | $0 |
| 19 | The Stowitts Museum And Library | Po Box 51383, Pacific Grove, CA 93950 | CA | 1996-06 | $0 |
| 20 | The@katherine Siva Saubel Foundation Inc | PO BOX 373, Banning, CA 92220-0003 | CA | 2007-02 | $0 |
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