Art Mundo Inc in Fort Pierce, Florida (FL)
Table of contents:
| Art Mundo Inc | |
| Employer Identification Number (EIN) | 943440291 |
| Name of Organization | Art Mundo Inc |
| In Care of Name | Sharon Horton |
| Address | 2451 Seminole Road, Fort Pierce, FL 34951 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 03/2009 |
| 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 | 2011 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $7,556 |
| Amount of Income | $64,457 |
| Form 990 Revenue Amount | $57,345 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2011: $64,457 (it was $57,345 in 2013)
| This organization: | $64,457 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2011: $7,556 (it was $7,556 in 2013)
| This organization: | $7,556 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $61,324
| Art Mundo Inc: | $61,324 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 26.7%
| Art Mundo Inc: | 26.7% |
| Other organizations performing similar types of work: | 72.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $64,162 | $57,345 |
| Contributions, gifts, grants, and similar amounts received | $7,654 | $15,317 |
| Program service revenue including government fees and contracts | $30,277 | $20,266 |
| Membership dues and assessments | $5,461 | $5,319 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $20,977 | $16,419 |
| Gross income from gaming | $300 | $719 |
| Gross income from fundraising events | $20,677 | $22,199 |
| Less: direct expenses from gaming and fundraising events | $0 | $6,499 |
| Gross profit/loss from sales of inventory | $-207 | $24 |
| Gross sales of inventory, less returns and allowances | $409 | $637 |
| Less: cost of goods sold | $616 | $613 |
| Other revenue | $0 | $0 |
| Total expenses | $61,973 | $61,324 |
| Total net assets | $10,431 | $6,452 |
| Excess/Deficit for the year | $2,189 | $-3,979 |
| Net assets or fund balances at beginning of year | $8,242 | $10,431 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $10,431 | $6,452 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $10,431 | $7,556 |
| Total liabilities | $0 | $1,104 |
| Net assets or fund balances | $10,431 | $6,452 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $127,600 |
| Subtotal | $127,600 |
| Gifts, grants, contributions, and membership fees received | $33,032 |
| 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 | $2,370 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $92,198 |
| 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 | $127,900 |
| Public support | $127,600 |
| 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 | $300 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Grandview Foundation Inc | 484 South Maya Palm Drive, Boca Raton, FL 33432 | FL | 2010-09 | $4,686,061 |
| 2 | Realize Bradenton Inc | Po Box 9114, Bradenton, FL 34206 | FL | 2010-03 | $734,938 |
| 3 | Sunflower Creative Arts Inc | 2601 Saint Andrews Blvd, Boca Raton, FL 33434-3607 | FL | 2003-08 | $296,660 |
| 4 | V O I C Experience Foundation | 1519 Canopy Oaks Blvd, Palm Harbor, FL 34683-6162 | FL | 2001-02 | $236,810 |
| 5 | Morada Way Arts & Cultural District Inc | 151 Morada Way, Islamorada, FL 33036-3798 | FL | 2011-10 | $199,104 |
| 6 | The Association Of Israels Decorative Arts | 2201 Nw 30th Pl, Pompano Beach, FL 33069-1026 | FL | 2004-12 | $177,663 |
| 7 | Answered Prayers Cross Inc | Po Box 76326, St Petersburg, FL 33704 | FL | 2009-02 | $138,912 |
| 8 | Seaside Community Foundation For Culture And Education Inc | 121 Central Sq Ste G, Santa Rosa Beach, FL 32459 | FL | 2003-08 | $129,710 |
| 9 | Instruments Of Change Inc | 1306 Eastwood Drive, Brandon, FL 33510 | FL | 2009-05 | $105,605 |
| 10 | Artreach Orlando Inc | PO BOX 1329, Winter Park, FL 32790-1329 | FL | 2013-02 | $90,082 |
| 11 | Art House Of Delray Inc | 255 Ne 6th Ave, Delray Beach, FL 33483-5514 | FL | 2014-02 | $86,267 |
| 12 | Southern Atelier Inc | 7226 21st St E, Sarasota, FL 34243-3903 | FL | 2008-02 | $86,169 |
| 13 | Studio Percussion Inc | 2512 Ne 1st Blvd Ste 500, Gainesville, FL 32609-6030 | FL | 2006-09 | $85,350 |
| 14 | Grace Arts Center Inc | 816 Se 8th St, Ft Lauderdale, FL 33316-1206 | FL | 2013-02 | $78,169 |
| 15 | Women In The Visual Arts Inc | PO BOX 880668, Boca Raton, FL 33488-0668 | FL | 2000-12 | $72,154 |
| 16 | Art Mundo Inc | 2451 Seminole Road, Fort Pierce, FL 34951 | FL | 2009-03 | $64,457 |
| 17 | Art League Of Jacksonville Inc | 11287 Scott Mill Rd, Jacksonville, FL 32223-7100 | FL | 2009-07 | $34,435 |
| 18 | Harmonies Of Hope Inc | 11110 W Oakland Park Blvd Ste 332, Sunrise, FL 33351-6808 | FL | 2015-04 | $30,800 |
| 19 | Sara Mana Antique Dealers Association Inc | 4760 Calumet Ave, Sarasota, FL 34234-4147 | FL | 2002-01 | $30,390 |
| 20 | Escape To Create Inc | PO BOX 4725, Santa Rsa Bch, FL 32459 | FL | 2010-05 | $24,319 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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