Lake Wales Arts Council Inc in Lake Wales, Florida (FL)
Table of contents:
| Lake Wales Arts Council Inc | |
| Employer Identification Number (EIN) | 237350046 |
| Name of Organization | Lake Wales Arts Council Inc |
| Address | PO BOX 608, Lake Wales, FL 33859-0608 |
| Activities | Other cultural or historical activities, Other school related activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1974 |
| 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 | 05/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $381,251 |
| Amount of Income | $441,466 |
| Form 990 Revenue Amount | $-583,926 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2012: $441,466 (it was $589,457 in 2011)
| This organization: | $441,466 |
| Other organizations performing similar types of work: | $173,848 |
Assets in 2012: $381,251 (it was $1,357,080 in 2011)
| Lake Wales Arts Council Inc: | $381,251 |
| Other organizations performing similar types of work: | $158,112 |
Expenses in 2012: $322,301
| Lake Wales Arts Council Inc: | $322,301 |
| Other organizations performing similar types of work: | $150,133 |
Income to expenses ratio in 2012: 1.4
| Lake Wales Arts Council Inc: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: -29.4%
| This organization: | -29.4% |
| Other organizations performing similar types of work: | 54.6% |
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $-583,926 |
| Contributions, Gifts, Grants and Other Similar Amounts | $171,624 |
| Program Service Revenue | $105,650 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $7,192 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net loss from sales of assets other than inventory | $-894,200 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $130,137 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $142,163 / $882,174 |
| Gain or (loss) (Securities / Other) | $-12,026 / $-882,174 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $3,861 |
| Gross sales of inventory, less returns and allowances | $4,916 |
| Less: cost of goods sold | $1,055 |
| Miscellaneous Revenue | $21,947 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $322,301 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $95,625 |
| Payroll taxes | $8,359 |
| Professional fundraising services | $0 |
| Other | $218,317 |
| Balance Sheet (for 2012) | |
| Total assets | $381,251 |
| Total liabilities | $2,298 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $2,298 |
| Total net assets or fund balances | $378,953 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $1,311,831 |
| Gifts, grants, contributions, and membership fees received | $1,289,976 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $21,855 |
| Gross receipts from related activities, etc. | $112,836 |
| Write your review! |
|
|
| Recently Added Reviews |
Helping Hands Of Christ Ministries Inc in Lake Wales, FL
 |
River Ranch Property Owners Association Inc in Lake Wales, FL
 |
|
Hannahs Homeless Inc in St Petersburg, FL
|
|
Hope Chapel Inc in Estero, FL
|
|
Veteran Enforcers Motorcycle Association Vema in Jacksonville, FL
|
|
Knights Of Columbus, Knights Of Columbus 7210 St Anne Council in Ruskin, FL
|
|
Child Survivors Hidden Children Of The Holocaust Inc in Boynton Beach, FL
|
|
Lehigh Acres Lodge 2009 I O O F in Lehigh Acres, FL
|
|
Disabled Veterans Golf Association Inc in Tampa, FL
|
|
Reins Of Change Equine Therapy Inc in North Port, FL
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Arts & Cultural Alliance Of Sarasota County Inc | 1226 N Tamiami Trl Ste 300, Sarasota, FL 34236-2461 | FL | 1986-11 | $405,827 |
| 2 | Vashon Allied Arts Inc | PO BOX 576, Vashon, WA 98070-0576 | WA | 1976-02 | $2,127,001 |
| 3 | The Carnegie Visual & Performing Arts Center Inc | 1028 Scott St, Covington, KY 41011-3132 | KY | 1977-01 | $1,304,558 |
| 4 | White Columns Inc | 320 W 13th St, New York, NY 10014-1200 | NY | 1973-03 | $1,115,650 |
| 5 | Tippecanoe Arts Federation Inc | 638 North St, Lafayette, IN 47901-1153 | IN | 1978-12 | $954,219 |
| 6 | South Carolina Humanites Council | PO BOX 5287, Columbia, SC 29250-5287 | SC | 1985-11 | $868,546 |
| 7 | The Arrowhead Regional Arts Council | 1301 Rice Lake Road, Duluth, MN 55811-2707 | MN | 1979-10 | $834,945 |
| 8 | Southwest Minnesota Arts Council | PO BOX 55, Marshall, MN 56258-0055 | MN | 1975-01 | $785,211 |
| 9 | Maitland Art Association Inc | 231 W Packwood Ave, Maitland, FL 32751-5553 | FL | 1971-05 | $731,003 |
| 10 | United Arts Council Of Catawba County | 243 Third Avenue Ne Box 5, Hickory, NC 28601-5168 | NC | 1964-11 | $686,078 |
| 11 | Art Center Sarasota | 707 N Tamiami Trl, Sarasota, FL 34236-4050 | FL | 1943-10 | $629,652 |
| 12 | Rapid City Fine Arts Council Inc | 713 7th St, Rapid City, SD 57701-3613 | SD | 1971-09 | $625,907 |
| 13 | Sautee-Nacoochee Community Association Inc | PO BOX 460, Saute Nacoche, GA 30571-0460 | GA | 1986-09 | $599,169 |
| 14 | York Art Association Inc | 220 S Marshall St, York, PA 17402-3417 | PA | 1977-12 | $598,525 |
| 15 | Saratoga Arts Inc | 320 Broadway, Saratoga Spgs, NY 12866-4135 | NY | 1993-08 | $587,617 |
| 16 | Lake Wales Arts Council Inc | PO BOX 608, Lake Wales, FL 33859-0608 | FL | 1974-04 | $441,466 |
| 17 | The Arts Council Inc | 80 Se Ocean Blvd, Stuart, FL 34994-2234 | FL | 1980-09 | $413,991 |
| 18 | Cultural Council Of Indian River County Inc | 2041 14th Ave, Vero Beach, FL 32960-3441 | FL | 1996-02 | $209,292 |
| 19 | Theatre League Of South Florida Inc | 581 Nw 32nd Street, Miami, FL 33127 | FL | 1994-08 | $121,897 |
| 20 | Broward Art Guild Inc | 3280 Ne 32nd St, Ft Lauderdale, FL 33308-7102 | FL | 1969-05 | $73,064 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Lake Wales Arts Council Inc »
Non-representatives - add comments about Lake Wales Arts Council Inc»