1st Fridays Art Walk Of Fairfield Inc in Fairfield, Iowa (IA)
Table of contents:
| 1st Fridays Art Walk Of Fairfield Inc | |
| Employer Identification Number (EIN) | 202001326 |
| Name of Organization | 1st Fridays Art Walk Of Fairfield Inc |
| Address | PO BOX 632, Fairfield, IA 52556-0011 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2005 |
| 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 | $30,505 |
| Amount of Income | $60,352 |
| Form 990 Revenue Amount | $60,352 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Service Organizations and Activities |
Non-representatives - add comments:
Amount of income in 2014: $60,352 (it was $64,883 in 2013)
| This organization: | $60,352 |
| Other organizations performing similar types of work: | $60,352 |
Assets in 2014: $30,505 (it was $37,357 in 2013)
| 1st Fridays Art Walk Of Fairfield Inc: | $30,505 |
| Other organizations performing similar types of work: | $33,855 |
Expenses in 2014: $67,203
| 1st Fridays Art Walk Of Fairfield Inc: | $67,203 |
| Other organizations performing similar types of work: | $58,375 |
Income to expenses ratio in 2014: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 87.4%
| 1st Fridays Art Walk Of Fairfield Inc: | 87.4% |
| Other organizations performing similar types of work: | 35.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $58,130 | $93,348 | $64,883 | $60,352 |
| Contributions, gifts, grants, and similar amounts received | $44,507 | $83,308 | $56,446 | $52,771 |
| Program service revenue including government fees and contracts | $13,478 | $9,988 | $8,387 | $7,546 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $145 | $51 | $0 | $35 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $63,523 | $75,350 | $68,740 | $67,203 |
| Total net assets | $20,800 | $38,798 | $37,357 | $30,505 |
| Excess/Deficit for the year | $-5,393 | $17,998 | $-3,857 | $-6,851 |
| Net assets or fund balances at beginning of year | $26,193 | $20,800 | $41,214 | $37,356 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $38,798 | $34,941 | $30,505 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $20,800 | $43,375 | $37,357 | $30,505 |
| Total liabilities | $0 | $4,577 | $0 | $0 |
| Net assets or fund balances | $20,800 | $38,798 | $37,357 | $30,505 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $280,907 |
| Subtotal Support | $280,907 |
| Gifts, grants, contributions, and membership fees received | $280,907 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $281,558 |
| Public Support | $280,907 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $651 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Roswell Artist In Residents Foundation | 409 E College Blvd, Roswell, NM 88201-7524 | NM | 2003-07 | $8,464,766 |
| 2 | American Friends Of The National Arts Collection Fund | Sullivan Cromwell Llp 125 Broad Street, New York, NY 10004 | NY | 2007-10 | $885,216 |
| 3 | The Film Collaborative Inc | 3405 Cazador St, Los Angeles, CA 90065-3403 | CA | 2011-01 | $636,319 |
| 4 | Interurban Arthouse | 8321 Maple Ln, Overland Park, KS 66207-1660 | KS | 2012-06 | $413,603 |
| 5 | Friends Of The Wright Opera House Inc | PO BOX 17, Ouray, CO 81427-0017 | CO | 2009-05 | $396,574 |
| 6 | Zygote Press Inc | 1410 E 30th St, Cleveland, OH 44114-4002 | OH | 2001-07 | $315,037 |
| 7 | Ten Thousand Villages Of Tallahassee Inc | 7023 Dardwood Ln, Tallahassee, FL 32312-3511 | FL | 2005-05 | $223,761 |
| 8 | Playa | 47531 Hwy 31, Summer Lake, OR 97640 | OR | 2002-09 | $214,349 |
| 9 | Selma Arts Foundation | 3410 Mccall Ave Ste 106, Selma, CA 93662-2500 | CA | 2013-12 | $209,808 |
| 10 | Visalia Arts Consortium Inc | 2200 W Main St, Visalia, CA 93291-4523 | CA | 2010-01 | $205,230 |
| 11 | Sinai Sunday Evening Forum Inc | 600 Vail Park Rd, Valparaiso, IN 46383 | IN | 1997-09 | $145,682 |
| 12 | Jumpstart Fund Inc | 4 Wren Court, Morristown, NJ 07960 | NJ | 2001-02 | $145,394 |
| 13 | Square Society Ltd | 1 Market Sq Se Ste 5, Roanoke, VA 24011-1429 | VA | 1997-11 | $143,852 |
| 14 | Creative Artists Studios Of Ames Inc | 130 S Sheldon Ave Ste 107, Ames, IA 50014-7447 | IA | 2002-07 | $60,701 |
| 15 | 1st Fridays Art Walk Of Fairfield Inc | PO BOX 632, Fairfield, IA 52556-0011 | IA | 2005-09 | $60,352 |
| 16 | College Hill Arts Festival | PO BOX 544, Cedar Falls, IA 50613-0027 | IA | 2003-04 | $53,239 |
| 17 | Stone City Art Institute | 160 N 2nd St, Robins, IA 52328-9700 | IA | 2014-09 | $746 |
| 18 | Arts Court Visual And Performance, Arts Court | 136 E Main St, Anamosa, IA 52205-1897 | IA | 2015-01 | $0 |
| 19 | Creative Expression Workshops | 982 Grove Terrace, Dubuque, IA 52001 | IA | 2014-05 | $0 |
| 20 | Vangarde Arts | Po Box 4656, Sioux City, IA 51101 | IA | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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