Georgia Music Foundation Inc in Atlanta, Georgia (GA)
Table of contents:
| Georgia Music Foundation Inc | |
| Employer Identification Number (EIN) | 582133856 |
| Name of Organization | Georgia Music Foundation Inc |
| In Care of Name | Lisa Love Henderson |
| Address | PO BOX 78850, Atlanta, GA 30357-2850 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Fundraising, Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization |
| Ruling Date | 04/1995 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $77,584 |
| Amount of Income | $63,579 |
| Form 990 Revenue Amount | $63,579 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2014: $63,579 (it was $91,766 in 2013)
| Georgia Music Foundation Inc: | $63,579 |
| Other organizations performing similar types of work: | $433,282 |
Assets in 2014: $77,584 (it was $382,500 in 2013)
| Georgia Music Foundation Inc: | $77,584 |
| Other organizations performing similar types of work: | $1,224,023 |
Expenses in 2014: $35,730
| This organization: | $35,730 |
| Other organizations performing similar types of work: | $338,913 |
Income to expenses ratio in 2014: 1.8
| Georgia Music Foundation Inc: | 1.8 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2014: 24.3%
| Georgia Music Foundation Inc: | 24.3% |
| Other organizations performing similar types of work: | 70.6% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $82,969 | $180,343 | $91,766 | $63,579 |
| Contributions, gifts, grants, and similar amounts received | $56,964 | $104,345 | $65,120 | $15,445 |
| Program service revenue including government fees and contracts | $2,061 | $1,476 | $26,646 | $18,706 |
| Membership dues and assessments | $3,157 | $2,690 | $0 | $0 |
| Investment income | $83 | $1 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $2,600 | $31,500 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-6,242 | $0 | $0 | $27,660 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $88,319 | $0 | $0 | $27,660 |
| Less: direct expenses from gaming and fundraising events | $94,561 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $24,346 | $40,331 | $0 | $1,768 |
| Total expenses | $107,436 | $184,816 | $163,008 | $35,730 |
| Total net assets | $417,250 | $412,777 | $341,015 | $41,929 |
| Excess/Deficit for the year | $-24,467 | $-4,473 | $-71,242 | $27,849 |
| Net assets or fund balances at beginning of year | $670,794 | $417,250 | $412,777 | $341,015 |
| Other changes in net assets or fund balances | $-229,077 | $0 | $-520 | $-326,935 |
| Net assets or fund balances at end of year | $341,015 | $41,929 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $417,250 | $412,777 | $382,500 | $77,584 |
| Total liabilities | $0 | $0 | $41,485 | $35,655 |
| Net assets or fund balances | $417,250 | $412,777 | $341,015 | $41,929 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | Yes | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | ||
| 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 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $393,082 |
| Subtotal | $393,082 |
| Gifts, grants, contributions, and membership fees received | $393,082 |
| 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 | $663,325 |
| Public support | $393,082 |
| Subtotal | $528 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $528 |
| 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 | $269,715 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $27,409 | $0 | $27,409 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $27,409 | $0 | $27,409 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $93,956 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $93,956 |
| Unrelated business taxable income | $-66,547 |
| Unrelated business taxable income before net operating loss deduction | $-66,547 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-66,547 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Museum Of Arts & Sciences Inc | 4182 Forsyth Rd, Macon, GA 31210-4806 | GA | 1961-03 | $2,346,919 |
| 2 | Smith Museum Of Stained Glass Windows And American Art | 20 N Wacker Drive, Chicago, IL 60606-2806 | IL | 1994-05 | $838,665 |
| 3 | Witte Museum | 3801 Broadway St, San Antonio, TX 78209-6309 | TX | 1932-11 | $20,214,005 |
| 4 | Studio Museum In Harlem Inc | 144 W 125th Street, New York, NY 10027-4423 | NY | 1967-11 | $11,364,824 |
| 5 | Delta Air Transport Heritage Museum Inc | 1060 Delta Blvd Bldg B Dept 914, Atlanta, GA 30354-1989 | GA | 1996-03 | $8,997,107 |
| 6 | Southwest Dairy Museum Inc | 1210 Houston St, Sulphur Spgs, TX 75482-2310 | TX | 1983-11 | $8,689,664 |
| 7 | Uss Constitution Museum Inc | PO BOX 291812, Charlestown, MA 02129-0215 | MA | 1973-01 | $8,440,275 |
| 8 | Yankee Air Force Incorporated | PO BOX 590, Belleville, MI 48112-0590 | MI | 1982-02 | $4,557,797 |
| 9 | Vesterheim Norwegian American Museum | PO BOX 379, Decorah, IA 52101-0379 | IA | 1965-04 | $3,540,724 |
| 10 | Vanderbilt Museum Suffolk County Commission | 180 Little Neck Rd, Centerport, NY 11721-1145 | NY | 1963-03 | $3,401,225 |
| 11 | Sherwin Miller Museum Of Jewish Art Inc, Fenster General Fund | 2021 E 71st St, Tulsa, OK 74136-5408 | OK | 1968-08 | $3,372,784 |
| 12 | Thronateeska Heritage Foundation Inc | 100 W Roosevelt Ave, Albany, GA 31701-2325 | GA | 1976-05 | $2,005,947 |
| 13 | Tubman African American Museum Inc | 340 Walnut St, Macon, GA 31201-3406 | GA | 1981-03 | $740,755 |
| 14 | Gwineett Environmetal And Heritage Center Foundation | 2020 Cleanwater Dr, Buford, GA 30519-5708 | GA | 2008-05 | $379,887 |
| 15 | Chieftains Museum Inc | P O Box 373, Rome, GA 30162 | GA | 1986-03 | $126,034 |
| 16 | Apex Museum | 135 Auburn Avenue, Atlanta, GA 30303-2567 | GA | 1979-01 | $117,372 |
| 17 | Hammonds House Galleries Inc | 503 Peeples St Sw, Atlanta, GA 30310-1815 | GA | 1989-06 | $86,153 |
| 18 | Georgia Music Foundation Inc | PO BOX 78850, Atlanta, GA 30357-2850 | GA | 1995-04 | $63,579 |
| 19 | Chattahoochee Valley Sports Hall Of Fame Inc | 7939 Ballantyne Way, Columbus, GA 31909-8019 | GA | 1996-09 | $45,700 |
| 20 | Yahoola United Cherokee Museum And Cultural Education Center Inc | 220 Warwick Street, Dahlonega, GA 30533 | GA | 2008-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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