Park Ridge Fine Arts Society in Park Ridge, Illinois (IL)
Table of contents:
| Park Ridge Fine Arts Society | |
| Employer Identification Number (EIN) | 366649412 |
| Name of Organization | Park Ridge Fine Arts Society |
| Address | PO BOX 89A, Park Ridge, IL 60068-8007 |
| Activities | Cultural performances, Other cultural or historical activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/1981 |
| 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 | 01/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $46,346 |
| Amount of Income | $77,208 |
| Form 990 Revenue Amount | $65,925 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2014: $77,208 (it was $79,564 in 2013)
| Park Ridge Fine Arts Society: | $77,208 |
| Other organizations performing similar types of work: | $113,884 |
Assets in 2014: $46,346 (it was $49,407 in 2013)
| Park Ridge Fine Arts Society: | $46,346 |
| Other organizations performing similar types of work: | $78,987 |
Expenses in 2014: $68,986
| This organization: | $68,986 |
| Other organizations performing similar types of work: | $104,400 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 72.7%
| Park Ridge Fine Arts Society: | 72.7% |
| Other organizations performing similar types of work: | 42.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $81,999 | $67,974 | $65,925 |
| Contributions, gifts, grants, and similar amounts received | $69,201 | $57,096 | $47,913 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $74 | $18 | $8 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,724 | $10,860 | $18,004 |
| Gross income from gaming | $610 | $834 | $2,263 |
| Gross income from fundraising events | $22,338 | $21,616 | $27,024 |
| Less: direct expenses from gaming and fundraising events | $10,224 | $11,590 | $11,283 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $77,384 | $81,762 | $68,986 |
| Total net assets | $63,195 | $49,407 | $46,346 |
| Excess/Deficit for the year | $4,615 | $-13,788 | $-3,061 |
| Net assets or fund balances at beginning of year | $58,580 | $63,195 | $49,407 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $49,407 | $46,346 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $63,195 | $49,407 | $46,346 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $63,195 | $49,407 | $46,346 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 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 | $295,441 |
| Subtotal Support | $295,441 |
| Gifts, grants, contributions, and membership fees received | $295,441 |
| 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 | $411,100 |
| Public Support | $295,441 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,725 |
| 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 | $113,934 |
| Gross receipts from related activities, etc. | $0 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $0 | $0 | $0 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $0 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | San Francisco Jazz Organization | 201 Franklin St, San Francisco, CA 94102-5108 | CA | 1994-05 | $20,497,477 |
| 2 | Sphinx Organization Inc, The Sphinx Competition | 400 Renaissance Ctr, Detroit, MI 48243-1502 | MI | 1996-08 | $6,778,556 |
| 3 | The Schubert Club | 302 Landmark Center, St Paul, MN 55102-1423 | MN | 1945-06 | $6,151,396 |
| 4 | Young Concert Artists Inc | 250 W 57th St, New York, NY 10107-0001 | NY | 1963-02 | $5,750,562 |
| 5 | Vocalessence, Vocal Essence | 1900 Nicollet Ave, Minneapolis, MN 55403-3746 | MN | 1979-12 | $3,296,519 |
| 6 | Music Of The Baroque Concert Series Inc | 111 N Wabash Ave Ste 810, Chicago, IL 60602-1912 | IL | 1975-10 | $2,006,892 |
| 7 | Chicago Sinfonietta Inc | 70 E Lake St Ste 226, Chicago, IL 60601-7650 | IL | 1987-12 | $1,863,994 |
| 8 | Ars Viva | 1560 Rudd Ct, Libertyville, IL 60048-4260 | IL | 1996-04 | $437,546 |
| 9 | Park Ridge Civic Orchestra | 120 W Golf Rd Ste 101, Schaumburg, IL 60195-3618 | IL | 1995-09 | $200,752 |
| 10 | Woodstock Mozart Festival Inc | 89 Drendel Ln, Naperville, IL 60565-2328 | IL | 1989-08 | $158,009 |
| 11 | Motherland Rhythm Community, Benkadi Project | 34 S Lake St, Grayslake, IL 60030 | IL | 2007-12 | $108,810 |
| 12 | Paderewski Symphony Orchestra | 5844 N Milwaukee Ave, Chicago, IL 60646-5437 | IL | 1997-07 | $94,276 |
| 13 | Park Ridge Fine Arts Society | PO BOX 89A, Park Ridge, IL 60068-8007 | IL | 1981-08 | $77,208 |
| 14 | Bach Week In Evanston | 1555 Sherman Ave 312, Evanston, IL 60201-4421 | IL | 1992-04 | $72,279 |
| 15 | Baroque Artists Of Champaign Urbana | PO BOX 2935, Champaign, IL 61825-2935 | IL | 1998-02 | $44,500 |
| 16 | Agape Ringers Inc | 380 S Main Place, Carol Stream, IL 60188-2448 | IL | 1998-09 | $0 |
| 17 | Chicago Brass Quintet | 418 W Grant Place, Park Ridge, IL 60068 | IL | 1981-12 | $0 |
| 18 | Chicago Kinder Voices Inc | 900 N Franklin St Ste 710, Chicago, IL 60610-3124 | IL | 1999-04 | $0 |
| 19 | Eleventh Latvian Song Festival Inc | 2149 Westview Dr, Des Plaines, IL 60018-2646 | IL | 1999-07 | $0 |
| 20 | Fox Valley Blues Society Inc | 32 Tomahawk Trl, Oswego, IL 60543-9508 | IL | 1998-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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