Ikg Cultural Circles Inc, Ikg Cultural Circles in Washington, District of Columbia (DC)
Table of contents:
| Ikg Cultural Circles Inc, Ikg Cultural Circles | |
| Employer Identification Number (EIN) | 272237422 |
| Name of Organization | Ikg Cultural Circles Inc |
| Secondary Name | Ikg Cultural Circles |
| In Care of Name | Anthony T Browder |
| Address | 1816 12th St Nw, Washington, DC 20009-4422 |
| Subsection | Educational Organization |
| Ruling Date | 08/2010 |
| 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 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $4,985 |
| Amount of Income | $67,863 |
| Form 990 Revenue Amount | $67,863 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2013: $67,863 (it was $48,308 in 2012)
| This organization: | $67,863 |
| Other organizations performing similar types of work: | $69,335 |
Assets in 2013: $4,985 (it was $1,532 in 2012)
| Ikg Cultural Circles Inc, Ikg Cultural Circles: | $4,985 |
| Other organizations performing similar types of work: | $145,105 |
Expenses in 2013: $58,560
| Ikg Cultural Circles Inc, Ikg Cultural Circles: | $58,560 |
| Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2013: 1.2
| Ikg Cultural Circles Inc, Ikg Cultural Circles: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 26.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $76,608 | $48,308 | $67,863 |
| Contributions, gifts, grants, and similar amounts received | $76,608 | $48,308 | $67,863 |
| Program service revenue including government fees and contracts | $0 | $0 | $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 | $81,310 | $64,689 | $58,560 |
| Total net assets | $-4,702 | $-21,083 | $-11,780 |
| Excess/Deficit for the year | $-4,702 | $-16,381 | $9,303 |
| Net assets or fund balances at beginning of year | $0 | $-4,702 | $-21,083 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-21,083 | $-11,780 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $19,413 | $1,532 | $4,985 |
| Total liabilities | $24,115 | $22,615 | $16,765 |
| Net assets or fund balances | $-4,702 | $-21,083 | $-11,780 |
| 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? | Yes | Yes | |
| Total amount involved | $22,615 | $16,765 | |
| 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: (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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $192,779 |
| Subtotal | $192,779 |
| Gifts, grants, contributions, and membership fees received | $192,779 |
| 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 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $192,779 |
| Public support | $192,779 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Newseum Inc | 555 Pennsylvania Ave Nw, Washington, DC 20001-2114 | DC | 2006-03 | $62,624,477 |
| 2 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
| 3 | Oakland Museum Of California | 1000 Oak Street, Oakland, CA 94607 | CA | 2012-02 | $16,648,339 |
| 4 | Liberty Aviation Museum Inc | 3515 E State Rd, Port Clinton, OH 43452-2618 | OH | 2011-01 | $16,356,534 |
| 5 | National Music Center And Museum Foundation | 1156 15th St Nw Ste 600, Washington, DC 20005-1767 | DC | 2002-02 | $979,610 |
| 6 | Kush Inc | 4545 42nd St Nw Ste 208, Washington, DC 20016-4623 | DC | 2004-09 | $150,269 |
| 7 | Velvet Foundation | PO BOX 71094, Washington, DC 20024-1094 | DC | 2008-11 | $139,890 |
| 8 | International Council Of Museums Us Chapter | 1025 Thomas Jefferson St Nw 500e, Washington, DC 20007-5204 | DC | 2014-10 | $92,567 |
| 9 | Association Of African American Museums | PO BOX 23698, Washington, DC 20026-3698 | DC | 2013-07 | $71,815 |
| 10 | Ikg Cultural Circles Inc, Ikg Cultural Circles | 1816 12th St Nw, Washington, DC 20009-4422 | DC | 2010-08 | $67,863 |
| 11 | Archie Edwards Blues Heritage Foundation Inc | PO BOX 10124, Washington, DC 20018-0124 | DC | 1998-11 | $34,551 |
| 12 | National Museum Of The Jewish People Inc, A Delaware Corporation | 2312 California St Nw, Washington, DC 20008-1637 | DC | 2004-03 | $543 |
| 13 | Africa Society Inc | 1221 Massachusetts Ave Nw Apt 403, Washington, DC 20005-5308 | DC | 2000-04 | $0 |
| 14 | Capitol Fire Museum Inc, Berk Sally | 2214 Wyoming Ave Nw, Washington, DC 20008-3908 | DC | 2000-05 | $0 |
| 15 | Confectionery Foundation | 1101 30th Street Nw No 200, Washington, DC 20007 | DC | 2014-08 | $0 |
| 16 | Museum For Black Innovation & Entrepreneurship | 3973 Harrison Street Nw, Washington, DC 20015 | DC | 2013-02 | $0 |
| 17 | Museum Of Hidden History | P O Box 772, Washington, DC 20044 | DC | 2012-08 | $0 |
| 18 | National Mall Conservancy, National Ideas Competitions | 1000 Potomac Street Nw, Washington, DC 20006 | DC | 2007-08 | $0 |
| 19 | Palisades Museum Of Prehistory | 5766 Sherier Place Nw, Washington, DC 20016 | DC | 2006-06 | $0 |
| 20 | Skyline Automotive Museum | 1747 Pennsylvania Ave Nw, Washington, DC 20006-4604 | DC | 2014-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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