Rangoli Foundation For Art And Culture in Sherman Oaks, California (CA)

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Rangoli Foundation For Art And Culture
Employer Identification Number (EIN)954443724
Name of OrganizationRangoli Foundation For Art And Culture
Address14748 Morrison St, Sherman Oaks, CA 91403-1651
ActivitiesDescribed in section 509(a)(2) of the Code, Other cultural or historical activities, Other instruction and training
SubsectionEducational Organization
Ruling Date12/1993
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,888
Amount of Income$102,103
Form 990 Revenue Amount$102,103


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$62,300$79,459$102,103
Contributions, gifts, grants, and similar amounts received$0$7,827$102,103
Program service revenue including government fees and contracts$62,300$71,632$0
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
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$61,149$106,321$123,466
Total net assets$2,703$-24,158$-45,521
Excess/Deficit for the year$1,151$-26,862$-21,363
Net assets or fund balances at beginning of year$1,552$2,704$-24,158
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-24,159$-45,521
Balance Sheets
201120122013
Total assets$2,703$2,027$2,888
Total liabilities$0$26,185$48,409
Net assets or fund balances$2,703$-24,158$-45,521
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$507,991
Subtotal Support$507,991
Gifts, grants, contributions, and membership fees received$507,991
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$507,991
Public Support$507,991
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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