Corning Opera House Cultural Center in Corning, Iowa (IA)
Table of contents:
| Corning Opera House Cultural Center | |
| Employer Identification Number (EIN) | 421524464 |
| Name of Organization | Corning Opera House Cultural Center |
| In Care of Name | Myrna Brown |
| Address | 710 Davis Avenue, Corning, IA 50841-1449 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 11/2003 |
| 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 | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $4,429,046 |
| Amount of Income | $824,732 |
| Form 990 Revenue Amount | $824,732 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Centers |
Non-representatives - add comments:
Amount of income in 2013: $824,732 (it was $1,157,394 in 2012)
| Corning Opera House Cultural Center: | $824,732 |
| Other organizations performing similar types of work: | $109,573 |
Assets in 2013: $4,429,046 (it was $3,694,106 in 2012)
| Corning Opera House Cultural Center: | $4,429,046 |
| Other organizations performing similar types of work: | $43,354 |
Expenses in 2012: $82,421
| Corning Opera House Cultural Center: | $82,421 |
| Other organizations performing similar types of work: | $102,020 |
Income to expenses ratio in 2012: 10.0
| Corning Opera House Cultural Center: | 10.0 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2012: 88.7%
| This organization: | 88.7% |
| Other organizations performing similar types of work: | 39.2% |
Revenue 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 | $1,157,394 |
| Contributions, Gifts, Grants and Other Similar Amounts | $1,026,349 |
| Program Service Revenue | $11,691 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $0 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $119,354 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $82,421 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $82,421 |
| Balance Sheet (for 2012) | |
| Total assets | $3,694,106 |
| Total liabilities | $996,000 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $996,000 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Total net assets or fund balances | $2,698,106 |
| 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 | $2,510,029 |
| Gifts, grants, contributions, and membership fees received | $2,493,022 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $14,879 |
| 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 | $2,128 |
| Gross receipts from related activities, etc. | $158,153 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mississippi Arts And Entertainment Center | PO BOX 148, Meridian, MS 39302-0148 | MS | 2003-09 | $21,673,147 |
| 2 | El Dorado Festivals & Events Inc | 202 W 19th St, El Dorado, AR 71730-3115 | AR | 2011-11 | $13,328,276 |
| 3 | Teatro Zinzanni, Langill Norman P Member | 4025 21st Ave W, Seattle, WA 98199-1201 | WA | 2003-03 | $11,380,069 |
| 4 | Gallo Center For The Arts Inc | 1000 I Street, Modesto, CA 95354 | CA | 2009-03 | $7,930,750 |
| 5 | Minnesota Shubert Center For Dance And Music | 250 Third Ave N Suite 500, Minneapolis, MN 55401 | MN | 2010-09 | $3,303,558 |
| 6 | Beverly Hills Performing Arts Center Inc | 8440 Wilshire Blvd, Beverly Hills, CA 90211 | CA | 2012-02 | $2,895,873 |
| 7 | Wingspan Arts Inc | 630 9th Ave, New York, NY 10036-3708 | NY | 2002-07 | $2,554,973 |
| 8 | Theatre Ensemble | 207 Wilson Hall Oakland University, Rochester, MI 48309 | MI | 2003-09 | $2,097,961 |
| 9 | Inner Arbor Trust Inc | 10630 Little Patuxent Pkwy, Columbia, MD 21044 | MD | 2014-01 | $1,720,664 |
| 10 | La Crosse Performing Arts Center Inc | 428 Front St S, La Crosse, WI 54601-4012 | WI | 2013-02 | $1,416,118 |
| 11 | State Theatre Inc | 130 W College Ave, State College, PA 16801-3838 | PA | 2002-05 | $1,150,326 |
| 12 | King High Historical Foundation | Kleberg Bank Po Box 911, Kingsville, TX 78364-0911 | TX | 2008-09 | $1,146,540 |
| 13 | Temple Theatre Foundation | 201 N Washington Ave, Saginaw, MI 48607-1209 | MI | 2009-05 | $1,109,615 |
| 14 | Lubbock Entertainment And Performing Arts Association | 1500 Broadway Ste 1254, Lubbock, TX 79401-3114 | TX | 2013-04 | $992,687 |
| 15 | Corning Opera House Cultural Center | 710 Davis Avenue, Corning, IA 50841-1449 | IA | 2003-11 | $824,732 |
| 16 | Sunset Community Theatre Inc | 111 W 1st St, Sumner, IA 50674-1140 | IA | 2002-05 | $204,131 |
| 17 | Toledo Theatre Guild, Wieting Theatre | PO BOX 387, Toledo, IA 52342-0387 | IA | 2006-12 | $176,074 |
| 18 | Wieting Opera Housing Company Of Toledo Iowa | P O Box 307, Toledo, IA 52342 | IA | 2010-09 | $2,004 |
| 19 | L T D-Leadership Through Drama Inc | 24255 Jasmin Ln, Glenwood, IA 51534 | IA | 2013-05 | $0 |
| 20 | Lightning In A Bottle Theatre | 708 5th Ave, Coralville, IA 52241-2010 | IA | 2003-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 780 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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