Riverside Arts Center in Riverside, Illinois (IL)
Table of contents:
| Riverside Arts Center | |
| Employer Identification Number (EIN) | 363921894 |
| Name of Organization | Riverside Arts Center |
| Address | 32 E Quincy St, Riverside, IL 60546-2129 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Art exhibit |
| Subsection | Educational Organization |
| Ruling Date | 08/1994 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $424,081 |
| Amount of Income | $130,696 |
| Form 990 Revenue Amount | $112,343 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $130,696 (it was $111,040 in 2012)
| Riverside Arts Center: | $130,696 |
| Other organizations performing similar types of work: | $186,328 |
Assets in 2013: $424,081 (it was $379,636 in 2012)
| Riverside Arts Center: | $424,081 |
| Other organizations performing similar types of work: | $218,487 |
Expenses in 2013: $100,764
| Riverside Arts Center: | $100,764 |
| Other organizations performing similar types of work: | $179,800 |
Income to expenses ratio in 2013: 1.3
| Riverside Arts Center: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 26.8%
| This organization: | 26.8% |
| Other organizations performing similar types of work: | 12.6% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $118,345 | $111,040 | $112,343 |
| Contributions, gifts, grants, and similar amounts received | $28,264 | $20,506 | $30,059 |
| Program service revenue including government fees and contracts | $60,934 | $61,333 | $60,127 |
| Membership dues and assessments | $5,887 | $5,145 | $4,241 |
| Investment income | $0 | $113 | $20 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $11,505 | $8,727 | $7,060 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $11,505 | $8,727 | $25,413 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $18,353 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $11,755 | $15,216 | $10,836 |
| Total expenses | $98,478 | $113,927 | $100,764 |
| Total net assets | $381,036 | $378,149 | $422,394 |
| Excess/Deficit for the year | $19,867 | $-2,887 | $11,579 |
| Net assets or fund balances at beginning of year | $361,169 | $381,036 | $378,149 |
| Other changes in net assets or fund balances | $0 | $0 | $32,666 |
| Net assets or fund balances at end of year | $378,149 | $422,394 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $382,523 | $379,636 | $424,081 |
| Total liabilities | $1,487 | $1,487 | $1,687 |
| Net assets or fund balances | $381,036 | $378,149 | $422,394 |
| 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 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 | $133,238 |
| Subtotal Support | $133,238 |
| Gifts, grants, contributions, and membership fees received | $133,238 |
| 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 | $133,238 |
| Public Support | $133,238 |
| 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 | Arts Club Of Chicago | 201 E Ontario St, Chicago, IL 60611-3204 | IL | 1937-05 | $3,541,572 |
| 2 | Midcoast Fine Arts | PO BOX 4142, Rock Island, IL 61204-4142 | IL | 1996-02 | $167,977 |
| 3 | Chicago Architecture Foundation | 224 South Michigan Ave, Chicago, IL 60604-2505 | IL | 1966-10 | $15,422,058 |
| 4 | Southern Highland Handicraft Guild Inc | PO BOX 9545, Asheville, NC 28815-0545 | NC | 1967-10 | $3,893,868 |
| 5 | Sculpture Center Inc | 4419 Purves St, Long Is City, NY 11101-2907 | NY | 1944-09 | $3,445,176 |
| 6 | Hyde Park Art Center | 5020 S Cornell Ave, Chicago, IL 60615-3016 | IL | 1978-05 | $2,361,176 |
| 7 | Williamstown Art Conservation Center Inc | 227 South St, Williamstown, MA 01267-2878 | MA | 1978-04 | $2,190,396 |
| 8 | Urbanglass New York Contemporary Glass Center Inc | 647 Fulton Street, Brooklyn, NY 11217-1152 | NY | 1983-03 | $1,839,890 |
| 9 | The Armory Art Center Inc | 1700 Parker Ave, West Palm Bch, FL 33401-7042 | FL | 1987-11 | $1,654,607 |
| 10 | Salt Lake Art Center | 20 S West Temple, Salt Lake Cty, UT 84101-1406 | UT | 1939-02 | $1,547,200 |
| 11 | Screen Printing Technical Foundation, Specialty Graphic Imaging Fdn | 10015 Main St, Fairfax, VA 22031-3403 | VA | 1986-04 | $1,341,945 |
| 12 | Salvadori Center Ltd | 475 Riverside Dr Ste 1370, New York, NY 10115-0031 | NY | 1988-10 | $1,323,956 |
| 13 | Intuit The Center For Intuitive And Outside Art | 756 N Milwaukee Ave, Chicago, IL 60642-5939 | IL | 1992-06 | $539,507 |
| 14 | Oil Painters Of America | PO BOX 2488, Crystal Lake, IL 60039-2488 | IL | 1992-05 | $412,891 |
| 15 | Century Walk Corporation | 34 W Chicago Ave No B, Naperville, IL 60540-5367 | IL | 1998-08 | $250,537 |
| 16 | Chicago Public Art Group | 600 W Cermak Rd Ste 3b, Chicago, IL 60616-4880 | IL | 1976-10 | $246,516 |
| 17 | Prairie Art Alliance | 420 S 6th St, Springfield, IL 62701-1808 | IL | 1997-08 | $209,003 |
| 18 | Riverside Arts Center | 32 E Quincy St, Riverside, IL 60546-2129 | IL | 1994-08 | $130,696 |
| 19 | South Suburban Chiselers, Midwest Carvers Museum Illiana Woodturners | 16236 S Vincennes Road, South Holland, IL 60473 | IL | 1995-04 | $8,764 |
| 20 | Outside Exhibition Group Inc | PO BOX 705, Elgin, IL 60120 | IL | 2001-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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