Open Studio Project Inc in Evanston, Illinois (IL)
Table of contents:
| Open Studio Project Inc | |
| Employer Identification Number (EIN) | 363894275 |
| Name of Organization | Open Studio Project Inc |
| In Care of Name | Pat Allen |
| Address | 903 Sherman Ave, Evanston, IL 60202-1703 |
| Activities | Art exhibit |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $40,724 |
| Amount of Income | $199,743 |
| Form 990 Revenue Amount | $191,537 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2014: $199,743 (it was $126,918 in 2013)
| Open Studio Project Inc: | $199,743 |
| Other organizations performing similar types of work: | $59,592 |
Assets in 2014: $40,724 (it was $24,668 in 2013)
| Open Studio Project Inc: | $40,724 |
| Other organizations performing similar types of work: | $70,555 |
Expenses in 2013: $165,365
| This organization: | $165,365 |
| Other organizations performing similar types of work: | $60,776 |
Income to expenses ratio in 2013: 1.2
| Open Studio Project Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 48.6%
| Open Studio Project Inc: | 48.6% |
| Other organizations performing similar types of work: | 28.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $154,617 | $145,456 | $126,918 |
| Contributions, gifts, grants, and similar amounts received | $61,948 | $58,032 | $61,642 |
| Program service revenue including government fees and contracts | $66,531 | $63,442 | $64,031 |
| Membership dues and assessments | $583 | $375 | $1,160 |
| Investment income | $17 | $5 | $85 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $25,538 | $23,602 | $0 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $34,088 | $31,065 | $7,396 |
| Less: direct expenses from gaming and fundraising events | $8,550 | $7,463 | $7,396 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $156,462 | $142,001 | $165,365 |
| Total net assets | $42,881 | $46,336 | $19,244 |
| Excess/Deficit for the year | $-1,845 | $3,455 | $-38,447 |
| Net assets or fund balances at beginning of year | $44,765 | $42,881 | $46,336 |
| Other changes in net assets or fund balances | $-39 | $0 | $11,355 |
| Net assets or fund balances at end of year | $19,244 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $53,936 | $54,932 | $24,668 |
| Total liabilities | $11,055 | $8,596 | $5,424 |
| Net assets or fund balances | $42,881 | $46,336 | $19,244 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | 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 | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| Reason for Public Charity Status (for 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $331,475 |
| Subtotal Support | $331,475 |
| Gifts, grants, contributions, and membership fees received | $331,475 |
| 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 | $719,087 |
| Public Support | $331,475 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,898 |
| 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 | $385,714 |
| 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 | Visual Aids For The Arts Inc | 526 W 26th St Rm 510, New York, NY 10001-5521 | NY | 1991-10 | $433,578 |
| 2 | Museum Of Holography Chicago | 1134 W Washington Blvd, Chicago, IL 60607-2021 | IL | 1978-07 | $235,554 |
| 3 | Institute For Aesthetic Development | 1720 Kent Drive, Brentwood, CA 94513 | CA | 1976-05 | $213,844 |
| 4 | Open Studio Project Inc | 903 Sherman Ave, Evanston, IL 60202-1703 | IL | 1994-05 | $199,743 |
| 5 | Yates Art Foundation Inc | 124 Prospect St, Ridgewood, NJ 07450-4406 | NJ | 1998-03 | $171,992 |
| 6 | Rittenhouse Sq Fine Arts Assn | PO BOX 2055, Philadelphia, PA 19103-0055 | PA | 1982-08 | $119,115 |
| 7 | Scituate Arts Association Inc | PO BOX 214, Scituate, MA 02066-0214 | MA | 1969-01 | $95,671 |
| 8 | Sturges Center For The Arts | 780 N E Street, San Bernardino, CA 92401 | CA | 1985-07 | $59,592 |
| 9 | Turtle Studios Corporation, Turtle Studios | PO BOX 95185, Newton, MA 02495-0185 | MA | 1997-01 | $56,496 |
| 10 | Village Fine Arts Association | 238 N Main, Milford, MI 48381 | MI | 1994-07 | $22,659 |
| 11 | Terranova Inc | 30 Millstone Rd, Watermill, NY 11976-2218 | NY | 1998-11 | $21,000 |
| 12 | Sacramento Center For The Textile Arts Inc | 4115main St, Fair Oaks, CA 95628-7522 | CA | 1980-11 | $10,340 |
| 13 | Harrison Art League Inc | P O Box 831, Harrison, AR 72601 | AR | 1994-03 | $3,833 |
| 14 | Center For Art And Earth Inc | C/O B Parker 267 Westport Road, Wilton, CT 06897 | CT | 1995-06 | $1 |
| 15 | 13th And Pendleton Arts Center | PO BOX 852, Fruitland, NM 87416-0852 | NM | 1995-10 | $0 |
| 16 | Anschutz Collection | 555 17th St Ste 2400, Denver, CO 80202-3941 | CO | 1982-02 | $0 |
| 17 | Art New England | 4 Bliss Rd, Newport, RI 02840-1837 | RI | 1996-11 | $0 |
| 18 | Artarget Inc | Pobox 49733, Sarasota, FL 34230 | FL | 1992-02 | $0 |
| 19 | Artists Of Rogers Park | 749 N Independence Blvd, Romeoville, IL 60446-1155 | IL | 1998-09 | $0 |
| 20 | Arts Center Inc | 413 Cunningham Rd Sw, Rome, GA 30161-3804 | GA | 1995-02 | $0 |
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| Total | 69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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