Amity Art Foundation Inc in Beacon Falls, Connecticut (CT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Amity Art Foundation Inc | |
| Employer Identification Number (EIN) | 061591446 |
| Name of Organization | Amity Art Foundation Inc |
| In Care of Name | John A Stewart President |
| Address | 6 Timberland Way, Beacon Falls, CT 06403-1484 |
| Subsection | Educational Organization |
| Ruling Date | 07/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| 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 - Not required to file (all other) |
| Asset Amount | $203,132 |
| Amount of Income | $27,174 |
| Form 990 Revenue Amount | $36,788 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2013: $27,174 (it was $22,209 in 2012)
| This organization: | $27,174 |
| Other organizations performing similar types of work: | $42,230 |
Assets in 2013: $203,132 (it was $188,907 in 2012)
| Amity Art Foundation Inc: | $203,132 |
| Other organizations performing similar types of work: | $110,927 |
Expenses in 2012: $1,318
| This organization: | $1,318 |
| Other organizations performing similar types of work: | $32,454 |
Income to expenses ratio in 2012: 20.6
| Amity Art Foundation Inc: | 20.6 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 27.1% |
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $22,209 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $22,209 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,318 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,318 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $20,891 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $188,907 | $172,588 |
| Cash - non-interest-bearing | $2,013 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $186,894 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $188,907 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $153,875 |
| Net value of noncharitable-use assets | $151,560 |
| Minimum investment return | $7,578 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $6,720 | $0 | $6,720 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $5,052 | $0 | $0 | $0 | $5,052 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Center For Texas Cultural Heritage | Po Box 3404, Houston, TX 77253-3404 | TX | 2012-02 | $16,874,731 |
| 2 | Memorial Library & Art Collection Of Second World War Inc | 6435 Yellowstone Blvd, Forest Hills, NY 11375-1717 | NY | 2014-04 | $8,422,006 |
| 3 | Hill-Stead Museum | 35 Mountain Rd, Farmington, CT 06032-2372 | CT | 1998-06 | $5,905,705 |
| 4 | Friends Of Ambler Farm Inc | PO BOX 7442, Wilton, CT 06897-7442 | CT | 2005-02 | $386,780 |
| 5 | National Coast Guard Museum Association Inc | 239 Bank St, New London, CT 06320-6042 | CT | 2001-11 | $212,027 |
| 6 | American Museum Tort Law Inc | 97 Main Street, Winsted, CT 06098 | CT | 1999-01 | $83,442 |
| 7 | The Connecticut State Police Academy Alumni Association Museum | PO BOX 1945, Meriden, CT 06450-0899 | CT | 2005-02 | $61,499 |
| 8 | American Museum Of Industry & Technology Inc | PO BOX 1997, Lakeville, CT 06039-1997 | CT | 2009-05 | $48,628 |
| 9 | Quinebaug Valley Engineers Association Edge & Ta Branch 5 Inc | 180 S Plumb Rd, Middletown, CT 06457-1929 | CT | 2001-05 | $36,292 |
| 10 | Amity Art Foundation Inc | 6 Timberland Way, Beacon Falls, CT 06403-1484 | CT | 2001-07 | $27,174 |
| 11 | American Museum Of Aviation Inc | 21 Clearview Dr, Stafford Spgs, CT 06076-4416 | CT | 1999-02 | $20,225 |
| 12 | The Irish American Museum Of Washington D C Inc | C/O Dougherty - 28 Sound View Drive, Greenwich, CT 06830 | CT | 2007-04 | $15,535 |
| 13 | Marion Community Association Inc | Po Box 155, Marion, CT 06444 | CT | 2014-03 | $200 |
| 14 | Greater Middletown Military Museum | 17 Loreli Circle, Middletown, CT 06457 | CT | 2003-10 | $0 |
| 15 | Hamden Historical Society Inc | Po Box 1855512, Hamden, CT 06518 | CT | 2014-03 | $0 |
| 16 | Middlesex Genealogical Society | Po Box 1111, Darien, CT 06820 | CT | 2014-07 | $0 |
| 17 | New Britain Historical Society | Po Box 2761, New Britain, CT 06050 | CT | 2013-09 | $0 |
| 18 | New England Civil War Museum Inc | 83 Barstow Lane, Tolland, CT 06084 | CT | 2005-02 | $0 |
| 19 | Rosa Parks Legacy, Thank You Rosa Parks | 30 Beers St, New Haven, CT 06511-4402 | CT | 2012-02 | $0 |
| 20 | Spark Plug Collectors Of America Inc | 9 Heritage Lane, Simsbury, CT 06070 | CT | 2001-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,375 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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