Art Spirit Foundation Inc in Southport, 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
Art Spirit Foundation Inc | |
Employer Identification Number (EIN) | 061571544 |
Name of Organization | Art Spirit Foundation Inc |
In Care of Name | Dianne B Bernhard |
Address | 281 Pequot Ave, Southport, CT 06890-1360 |
Subsection | Charitable Organization |
Ruling Date | 06/2000 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $1 to $9,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $337 |
Amount of Income | $27,300 |
Form 990 Revenue Amount | $36,558 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2013: $27,300 (it was $28,850 in 2012)
This organization: | $27,300 |
Other organizations performing similar types of work: | $59,050 |
Assets in 2013: $337 (it was $454 in 2012)
Art Spirit Foundation Inc: | $337 |
Other organizations performing similar types of work: | $25,518 |
Expenses in 2012: $28,977
Art Spirit Foundation Inc: | $28,977 |
Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2012: 0.9
Art Spirit Foundation Inc: | 0.9 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 100.0%
This organization: | 100.0% |
Other organizations performing similar types of work: | 1.3% |
Expenses 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 | $28,850 | $0 | $0 | |
Contributions, gifts, grants, etc., received | $28,850 | |||
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 | $28,977 | $0 | $0 | $28,135 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $3,352 | $0 | $2,510 | |
Contributions, gifts, grants paid | $25,625 | |||
Excess of revenue over expenses and disbursements | $-127 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $454 | $454 |
Cash - non-interest-bearing | $454 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $454 |
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? | No |
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 | $2,662 |
Net value of noncharitable-use assets | $2,620 |
Minimum investment return | $131 |
Distributable Amount (for 2012) | |
Distributable amount | $131 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $131 |
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 | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
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 | Womans Art Club Of Cincinnati Foundation | 6980 Cambridge Ave, Cincinnati, OH 45227-3362 | OH | 2007-03 | $122,085 |
2 | Housatonic Valley Cultural Alliance Inc | 39 West Street, Danbury, CT 06810 | CT | 2008-09 | $314,374 |
3 | Artists For World Peace Inc | 377 Ridge Rd, Middletown, CT 06457-4436 | CT | 2004-04 | $200,796 |
4 | 1214 Foundation Inc | 9 Blanches Walk, Newtown, CT 06470-1943 | CT | 2013-06 | $109,816 |
5 | Windham Area Arts Collaborative Inc | PO BOX 43, Willimantic, CT 06226 | CT | 2001-01 | $98,980 |
6 | Norwalk 2 0 Inc | PO BOX 783, Norwalk, CT 06852 | CT | 2012-04 | $94,649 |
7 | Greater Danbury Irish Cultural Foundation Inc | 6 Lake Ave, Danbury, CT 06810-6343 | CT | 2014-08 | $90,070 |
8 | Wethersfield Academy For The Arts Inc | 431 Hartford Avenue, Wethersfield, CT 06109-1214 | CT | 2012-12 | $76,186 |
9 | Sea-Legs Inc | 19 Guthrie Pl, New London, CT 06320-4205 | CT | 1998-09 | $61,144 |
10 | Ball & Sockets Arts Inc | 762 Bethany Mountain Road, Cheshire, CT 06410 | CT | 2013-07 | $44,013 |
11 | Golden Thread Inc | 303 Tunxis Rd, West Hartford, CT 06107-3119 | CT | 2013-02 | $29,947 |
12 | Tracy Art Center Inc | 247 Main St, Old Saybrook, CT 06475-2332 | CT | 2004-04 | $23,805 |
13 | Stony Creek Fife & Drum Corps Inc | PO BOX 1886, Stony Creek, CT 06405 | CT | 2004-01 | $22,157 |
14 | Latino Foundation Of Stamford Inc | 217 Atlantic Street, Stamford, CT 06901 | CT | 2000-02 | $13,330 |
15 | Raga Club Of Connecticut Inc | 31 Red Stone Drive, Weatogue, CT 06089 | CT | 2014-05 | $12,541 |
16 | Westonarts Inc | Po Box 1124, Weston, CT 06883 | CT | 2006-02 | $12,001 |
17 | Art Guild Of Middletown Connecticut Inc | Pobox 205, Middletown, CT 06457 | CT | 2014-09 | $7,137 |
18 | Asociacion Colombo Hispano Americana De Connecticut | 172 Greenwich Ave Apt 7e, Stamford, CT 06902-6726 | CT | 2004-08 | $4,360 |
19 | Simsbury Chamber Music Festival Inc | 112 Northbrook Drive, West Hartford, CT 06117 | CT | 2014-07 | $250 |
20 | The African American Historical Association Of Fairfield County | Po Box 9235, Bridgeport, CT 06601 | CT | 2009-09 | $200 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 6,763 |
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