American Friends Of The Verbier Festival & Academy Inc in New York, New York (NY)
Table of contents:
| American Friends Of The Verbier Festival & Academy Inc | |
| Employer Identification Number (EIN) | 133882864 |
| Name of Organization | American Friends Of The Verbier Festival & Academy Inc |
| In Care of Name | Fcsn |
| Address | 170 E 79th St, New York, NY 10075-0436 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other cultural or historical activities |
| Subsection | Educational Organization |
| Ruling Date | 08/1996 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $31,185 |
| Amount of Income | $132,056 |
| Form 990 Revenue Amount | $132,056 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $132,056 (it was $68,139 in 2012)
| This organization: | $132,056 |
| Other organizations performing similar types of work: | $434,562 |
Assets in 2013: $31,185 (it was $80,526 in 2012)
| This organization: | $31,185 |
| Other organizations performing similar types of work: | $968,371 |
Expenses in 2013: $181,397
| This organization: | $181,397 |
| Other organizations performing similar types of work: | $215,697 |
Income to expenses ratio in 2013: 0.7
| American Friends Of The Verbier Festival & Academy Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 19.7% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $55,419 | $68,139 | $132,056 |
| Contributions, gifts, grants, and similar amounts received | $55,415 | $68,139 | $132,056 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4 | $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 | $16,614 | $85,810 | $181,397 |
| Total net assets | $98,197 | $80,526 | $31,185 |
| Excess/Deficit for the year | $38,805 | $-17,671 | $-49,341 |
| Net assets or fund balances at beginning of year | $59,392 | $98,197 | $80,526 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $80,526 | $31,185 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $98,197 | $80,526 | $31,185 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $98,197 | $80,526 | $31,185 |
| 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 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 supported | 0 |
| 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 | $139,226 |
| Subtotal Support | $307,016 |
| Gifts, grants, contributions, and membership fees received | $307,016 |
| 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 | $167,790 |
| Total Support | $307,020 |
| Public Support | $307,016 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Friends Of Bezalel Academy Of Arts And Designs Inc | 370 Lexington Ave, New York, NY 10017-6503 | NY | 1978-11 | $4,975,000 |
| 2 | The Hyde Collection Trust | 161 Warren St, Glens Falls, NY 12801-4520 | NY | 1955-06 | $3,902,697 |
| 3 | Catskill Mountain Foundation Inc | PO BOX 924, Hunter, NY 12442-0924 | NY | 1998-05 | $2,898,639 |
| 4 | Halcyon Foundation | 555 5th Ave Fl 17, New York, NY 10017-9254 | NY | 1957-07 | $1,700,898 |
| 5 | Authors League Fund Established By The Authors League Of America Inc | 31 E 32nd St Fl 7, New York, NY 10016-5509 | NY | 1936-03 | $988,812 |
| 6 | Stan Hywet Hall And Gardens Foundation | 714 N Portage Path, Akron, OH 44303-1399 | OH | 1999-07 | $9,032,213 |
| 7 | The Friends Of The Israel Antiquities Authoritity Inc | C/O Wlrk 51 West 52nd Street 31st, New York, NY 10019 | NY | 1992-01 | $2,863,685 |
| 8 | Santa Fe Chamber Music Festival Endowment Foundation | PO BOX 2227, Santa Fe, NM 87504-2227 | NM | 1993-06 | $2,762,038 |
| 9 | Winchester Community Music School Trust | 407 Highland Ave, Winchester, MA 01890-4050 | MA | 1984-09 | $1,768,841 |
| 10 | American Friends Of Blerancourt Inc | 20 W 44th St Ste 506, New York, NY 10036-6603 | NY | 1985-07 | $1,567,910 |
| 11 | Wickenburg Foundation For The Performing Arts | 2001 W Wickenburg Way Ste 3, Wickenburg, AZ 85390-2298 | AZ | 1998-06 | $1,448,777 |
| 12 | Royal Shakespeare Company America | PO BOX 1956, New York, NY 10101-1956 | NY | 1996-09 | $970,850 |
| 13 | Wilhelm Reich Infant Trust | PO BOX 687, Rangeley, ME 04970-0687 | ME | 1994-09 | $969,028 |
| 14 | Watertown Arts On The Charles Inc | 321 Arsenal St, Watertown, MA 02472-5710 | MA | 1999-08 | $965,777 |
| 15 | The Barnes-Deinzer Seneca County Museum Foundation Inc | PO BOX 433, Tiffin, OH 44883-0433 | OH | 1982-09 | $865,003 |
| 16 | American Associates Of The Royal Academy Trust Inc | 767 3rd Ave Fl 4, Manhattan, NY 10017-9029 | NY | 1984-03 | $634,822 |
| 17 | Apex Art Curatorial Program Inc | 291 Church St, New York, NY 10013-2403 | NY | 1998-04 | $576,044 |
| 18 | American Friends Of The Verbier Festival & Academy Inc | 170 E 79th St, New York, NY 10075-0436 | NY | 1996-08 | $132,056 |
| 19 | Knights Of St Patrick Inc | C/O J Quinlivan 87 Hall Ave, New City, NY 10956 | NY | 1988-11 | $122,367 |
| 20 | Vanguard-Albany Symphony Inc | 19 Clinton Avenue, Albany, NY 12207-2211 | NY | 1975-04 | $94,706 |
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