Chinese Fine Arts Society in Chicago, Illinois (IL)
Table of contents:
| Chinese Fine Arts Society | |
| Employer Identification Number (EIN) | 363794480 |
| Name of Organization | Chinese Fine Arts Society |
| Address | 2936 N Southport Ave 210, Chicago, IL 60657-4120 |
| Activities | Cultural exchanges with foreign country |
| Subsection | Educational Organization |
| Ruling Date | 06/1993 |
| 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 | 09/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $84,625 |
| Amount of Income | $132,008 |
| Form 990 Revenue Amount | $132,008 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: International Cultural Exchange |
Non-representatives - add comments:
Amount of income in 2013: $132,008 (it was $154,786 in 2012)
| Chinese Fine Arts Society: | $132,008 |
| Other organizations performing similar types of work: | $153,009 |
Assets in 2013: $84,625 (it was $118,785 in 2012)
| Chinese Fine Arts Society: | $84,625 |
| Other organizations performing similar types of work: | $117,947 |
Expenses in 2013: $199,418
| This organization: | $199,418 |
| Other organizations performing similar types of work: | $170,007 |
Income to expenses ratio in 2013: 0.7
| Chinese Fine Arts Society: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 72.6%
| Chinese Fine Arts Society: | 72.6% |
| Other organizations performing similar types of work: | 99.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $97,872 | $154,786 | $132,008 |
| Contributions, gifts, grants, and similar amounts received | $75,770 | $109,243 | $95,880 |
| Program service revenue including government fees and contracts | $17,745 | $44,187 | $35,874 |
| Membership dues and assessments | $532 | $585 | $0 |
| Investment income | $0 | $771 | $254 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $3,825 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $99,840 | $154,291 | $199,418 |
| Total net assets | $118,290 | $118,785 | $51,375 |
| Excess/Deficit for the year | $-1,968 | $495 | $-67,410 |
| Net assets or fund balances at beginning of year | $120,258 | $118,290 | $118,785 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $118,785 | $51,375 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $118,290 | $118,785 | $84,625 |
| Total liabilities | $0 | $0 | $33,250 |
| Net assets or fund balances | $118,290 | $118,785 | $51,375 |
| 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: | 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $361,443 |
| Subtotal | $361,443 |
| Gifts, grants, contributions, and membership fees received | $325,569 |
| 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 | $35,874 |
| 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 | $365,381 |
| Public support | $361,443 |
| Subtotal | $3,938 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,938 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Council Of Hellenes Abroad Americas Region | 360 N Michigan Ave Ste 710, Chicago, IL 60601-3814 | IL | 1999-03 | $839,796 |
| 2 | Student American International Incorporated | 4325 Dick Pond Rd Ste A, Myrtle Beach, SC 29588-6810 | SC | 1997-02 | $805,995 |
| 3 | Sounds Of Hope Ltd | 253 E 4th St, Saint Paul, MN 55101-1689 | MN | 1991-01 | $153,009 |
| 4 | Chinese Fine Arts Society | 2936 N Southport Ave 210, Chicago, IL 60657-4120 | IL | 1993-06 | $132,008 |
| 5 | Stroganov Foundation Ltd | 90 Broad Street Suite 2201, New York, NY 10004 | NY | 1993-03 | $119,133 |
| 6 | United States-Mexico Cultural & Educational Foundation | 211 Mandalay Canal, Irving, TX 75039-5512 | TX | 1996-10 | $87,110 |
| 7 | The Childrens Program Of Northern Ireland Inc | 971 Sibley Memorial Highway Ste 251, Lilydale, MN 55118 | MN | 1978-03 | $62,759 |
| 8 | Sharing A New Song Inc | 11 Sunnyside Ave, Saugus, MA 01906-2924 | MA | 1991-04 | $48,882 |
| 9 | Youthorizons | 37 Elm St, Skowhegan, ME 04976-1201 | ME | 1983-04 | $14,779 |
| 10 | Siberian Bridges Inc | 3212 18th Ave S, Minneapolis, MN 55407 | MN | 1994-04 | $8,302 |
| 11 | Celina International Association Inc, Grand Lake International Association Inc | Po Box 642, Celina, OH 45822 | OH | 1995-02 | $0 |
| 12 | Cultural Foundation Of The Americas, Cfa | 1889 F St Nw, Washington, DC 20006-4401 | DC | 1996-11 | $0 |
| 13 | East Meets West Music Arts Inc | 63 Rock River Ct, Naperville, IL 60565 | IL | 1995-03 | $0 |
| 14 | Interculture Foundation Of America Inc | 8211 W Broward Blvd Ste 200, Plantation, FL 33324-2743 | FL | 1998-07 | $0 |
| 15 | International Festival Society | 2451 20th Street No 6, Santa Monica, CA 90405 | CA | 1995-05 | $0 |
| 16 | International Performing Arts Exchange | PO BOX 709, Monterey, CA 93942-0709 | CA | 2000-04 | $0 |
| 17 | Los Angeles Yerevan Sister Cityassociation | 3940 Laurel Canyon Blvd Ste 898, Studio City, CA 91604-3709 | CA | 2008-05 | $0 |
| 18 | Romanian Children Artists Inc | 15501 Via De Las Olas, Pacific Plsds, CA 90272-4637 | CA | 1998-11 | $0 |
| 19 | South Africa Community Fund Inc | Po Box 5, Colfax, WA 99111 | WA | 2000-10 | $0 |
| 20 | The Charleston Trust-Usa | 600 Grant St 42nd Flr, Pittsburgh, PA 15219-2702 | PA | 1990-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 59 | ||||||||||||||||||||||||||||||||||||||||||||||||
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