Franklin County Theatre-Arts Council Inc in Preston, Idaho (ID)
Table of contents:
| Franklin County Theatre-Arts Council Inc | |
| Employer Identification Number (EIN) | 820486811 |
| Name of Organization | Franklin County Theatre-Arts Council Inc |
| Address | 70 S State St, Preston, ID 83263-1243 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 01/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $66,999 |
| Amount of Income | $118,908 |
| Form 990 Revenue Amount | $106,208 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $118,908 (it was $65,187 in 2012)
| This organization: | $118,908 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $66,999 (it was $19,773 in 2012)
| This organization: | $66,999 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $59,369
| Franklin County Theatre-Arts Council Inc: | $59,369 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 2.0
| This organization: | 2.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 46.8%
| This organization: | 46.8% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $56,772 | $54,802 | $106,208 |
| Contributions, gifts, grants, and similar amounts received | $2,213 | $4,054 | $49,751 |
| Program service revenue including government fees and contracts | $34,127 | $34,510 | $41,927 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $15 | $0 | $13 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $16,447 | $12,076 | $14,517 |
| Gross sales of inventory, less returns and allowances | $22,906 | $22,461 | $27,217 |
| Less: cost of goods sold | $6,459 | $10,385 | $12,700 |
| Other revenue | $3,970 | $4,149 | $0 |
| Total expenses | $49,635 | $43,029 | $59,369 |
| Total net assets | $7,573 | $19,346 | $66,185 |
| Excess/Deficit for the year | $7,137 | $11,773 | $46,839 |
| Net assets or fund balances at beginning of year | $436 | $7,573 | $19,346 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $19,346 | $66,185 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,854 | $19,773 | $66,999 |
| Total liabilities | $281 | $427 | $814 |
| Net assets or fund balances | $7,573 | $19,346 | $66,185 |
| Other Information | |||
| 2011 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $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 2013) | |
| The organization is not a private foundation because it is: | A community trust 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $62,458 |
| Subtotal Support | $62,468 |
| Gifts, grants, contributions, and membership fees received | $62,458 |
| 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 | $62,458 |
| Public Support | $62,458 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 2 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 3 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 4 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 5 | Southeast Idaho Council Of Governments | 214 E Center St, Pocatello, ID 83201-6372 | ID | 1996-09 | $2,882,565 |
| 6 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 7 | Sierra Vista Economic Development | 750 Bartow, Sierra Vista, AZ 85635-1827 | AZ | 1987-06 | $1,835,033 |
| 8 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
| 9 | Tule River Economic Development Corporation | 2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592 | CA | 1992-07 | $1,156,764 |
| 10 | Sunrise County Economic Council | 53 Prescott Dr Suite 3, Machias, ME 04654-3424 | ME | 1995-03 | $1,012,879 |
| 11 | Urban Enterprise Association Of Hammond Indiana Inc | 649 Conkey St, Hammond, IN 46324-1158 | IN | 1993-06 | $922,216 |
| 12 | Randolph Area Community Development Corporation | PO BOX 7, Randolph, VT 05060-0007 | VT | 1994-05 | $913,807 |
| 13 | Saratoga Economic Development Corporation | 28 Clinton Ave, Saratoga Springs, NY 12866-2391 | NY | 1980-01 | $831,929 |
| 14 | Texas Economic Development Corporation | PO BOX 684702, Austin, TX 78768-4702 | TX | 1993-05 | $765,896 |
| 15 | Washington Heights And Inwood Development Corporation | 57 Wadsworth Ave, New York, NY 10033-7048 | NY | 1979-02 | $633,423 |
| 16 | Tennessee Economic Partnership Inc | 217 5th Ave North 200, Nashville, TN 37219-1901 | TN | 1992-05 | $588,539 |
| 17 | Clayton Century Foundation | 50 Gay Avenue, Clayton, MO 63105 | MO | 1998-06 | $580,491 |
| 18 | Urban Vision | 749 Blaine Ave, Akron, OH 44310-3035 | OH | 1993-02 | $524,559 |
| 19 | South-Central Idaho Tourism And Recreational Development Assoc Inc | PO BOX 5155, Twin Falls, ID 83303-5155 | ID | 1998-07 | $284,251 |
| 20 | Franklin County Theatre-Arts Council Inc | 70 S State St, Preston, ID 83263-1243 | ID | 1996-01 | $118,908 |
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