Covered Bridge Art Association Inc in Rockville, Indiana (IN)

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Covered Bridge Art Association Inc
Employer Identification Number (EIN)351393818
Name of OrganizationCovered Bridge Art Association Inc
In Care of NameElaine Waltz
Address700 S Market St, Rockville, IN 47872
ActivitiesArt exhibit
SubsectionCharitable Organization
Ruling Date01/1987
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$100,391
Amount of Income$18,522
Form 990 Revenue Amount$18,522
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations


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Amount of income in 2014: $18,522
This organization: 

 $18,522
Other organizations performing similar types of work: 

 $186,328

Assets in 2014: $100,391
Covered Bridge Art Association Inc: 

 $100,391
Other organizations performing similar types of work: 

 $218,487

Expenses in 2006: $19,439
This organization: 

 $19,439
Other organizations performing similar types of work: 

 $179,800

Income to expenses ratio in 2006: 1.0
Covered Bridge Art Association Inc: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2006: 0.0%
Covered Bridge Art Association Inc: 

 0.0%
Other organizations performing similar types of work: 

 66.9%

Grants share in income in 2006: 15.0%
Covered Bridge Art Association Inc: 

 15.0%
Other organizations performing similar types of work: 

 12.6%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200120022003200420052006
Total revenue$33,313$18,323$17,020$13,983$41,386$18,522
Contributions, gifts, grants, and similar amounts received$13,377$3,359$3,915$1,592$9,639$2,777
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$4,180$4,375$1,225$2,885$985$875
Investment income$2,029$615$485$454$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0
Net income or (loss) from special events and activities$2,999$5,490$6,389$3,885$25,968$2,535
Gross revenue$2,999$18,155$23,222$22,607$25,968$2,535
Less: direct expenses other than fundraising expenses$0$12,665$16,833$18,722$0$0
Gross profit or (loss) from sales of inventory$3,215$0$0$0$0$7,725
Gross sales of inventory, less returns and allowances$3,215$0$0$0$0$30,025
Less: cost of goods sold$0$0$0$0$0$22,300
Other revenue$7,513$4,484$5,006$5,167$4,794$4,610
Total expenses$18,993$12,071$13,384$10,992$34,023$19,439
Grants and similar amounts paid$570$0$1,000$1,300$1,000$1,000
Benefits paid to or for members$0$0$0$0$0$0
Salaries, other compensation, and employee benefits$3,204$1,510$650$350$315$830
Professional fees and other payments to independent contractors$517$1,580$0$0$0$0
Occupancy, rent, utilities, and maintenance$5,763$4,205$7,519$4,731$5,025$14,429
Printing, publications, postage, and shipping$2,154$1,801$2,410$1,959$236$713
Other expenses$6,785$2,975$1,805$2,652$27,447$2,467
Net assets or fund balances at end of year$80,913$87,165$90,954$93,945$101,308$100,391
Excess or (deficit) for the year$14,320$6,252$3,636$2,991$7,363$-917
Net assets or fund balances at beginning of year$66,593$80,913$87,165$90,954$93,945$101,308
Other changes in net assets or fund balances$0$0$153$0$0$0
Balance Sheets
200120022003200420052006
Total assets$81,415$87,165$90,954$93,945$101,308$100,391
Cash, savings, and investments$53,248$32,998$36,787$39,778$47,141$35,458
Land and buildings$28,167$54,167$54,167$54,167$54,167$64,933
Other assets$0$0$0$0$0$0
Total liabilities$502$0$0$0$0$0
Net assets or fund balances$80,913$87,165$90,954$93,945$101,308$100,391
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
200020012002200320042005
Total$19,069$31,038$28,847$27,538$27,538$41,386
Gifts, grants, and contributions received$2,264$2,000$3,915$1,592$1,592$9,639
Membership fees received$3,175$4,375$1,225$2,885$2,885$985
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$8,498$20,335$23,222$22,607$22,607$25,968
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$5,132$4,328$485$454$454$4,794
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Covered Bridge Art Association Inc700 S Market St, Rockville, IN 47872IN1987-01$18,522
2Southern Highland Handicraft Guild IncPO BOX 9545, Asheville, NC 28815-0545NC1967-10$3,893,868
3Sculpture Center Inc4419 Purves St, Long Is City, NY 11101-2907NY1944-09$3,445,176
4Williamstown Art Conservation Center Inc227 South St, Williamstown, MA 01267-2878MA1978-04$2,190,396
5Urbanglass New York Contemporary Glass Center Inc647 Fulton Street, Brooklyn, NY 11217-1152NY1983-03$1,839,890
6The Armory Art Center Inc1700 Parker Ave, West Palm Bch, FL 33401-7042FL1987-11$1,654,607
7Salt Lake Art Center20 S West Temple, Salt Lake Cty, UT 84101-1406UT1939-02$1,547,200
8Screen Printing Technical Foundation, Specialty Graphic Imaging Fdn10015 Main St, Fairfax, VA 22031-3403VA1986-04$1,341,945
9Salvadori Center Ltd475 Riverside Dr Ste 1370, New York, NY 10115-0031NY1988-10$1,323,956
10Worcester Center For Crafts Inc25 Sagamore Rd, Worcester, MA 01605-3914MA1926-08$1,166,360
11The Sawtooth School For Visual Art251 N Spruce St, Winston Salem, NC 27101-2735NC1970-10$1,158,237
12Touchstone Center For Crafts1049 Wharton Furnace Rd, Farmington, PA 15437-1195PA1973-02$1,057,725
13The Guilford Art Center Inc411 Church St, Guilford, CT 06437-2003CT1967-09$971,580
14Penrod Society8900 Keystone Crossing, Indianapolis, IN 46240-7670IN1968-03$523,684
15The Jack & Shirley Lubeznik Center For The Arts Inc101 W Second St, Michigan City, IN 46360-3225IN1978-01$276,362
16Artlink Inc300 E Main St, Fort Wayne, IN 46802-1919IN1980-02$229,069
17Southern Indiana Center For The Arts Inc2001 N Ewing St, Seymour, IN 47274-3424IN1991-11$107,686
18Watercolor Society Of Indiana Inc4181 E 96th St Ste 200, Indianapolis, IN 46240-3814IN1990-04$105,121
19Rush County Arts Council134 E 2nd St, Rushville, IN 46173-1834IN2007-02$0
20Southside Art League Inc299 East Broadway Street, Greenwood, IN 46143IN1979-05$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona2
California60
Colorado14
Connecticut11
District of Columbia8
Florida26
Georgia10
Hawaii1
Iowa3
Idaho1
Illinois15
Indiana8
Kansas2
Kentucky9
Louisiana6
Massachusetts17
Maryland6
Maine3
Michigan17
Minnesota9
Missouri8
Mississippi4
Montana1
North Carolina19
Nebraska5
New Hampshire2
New Jersey10
New Mexico6
Nevada2
New York54
Ohio23
Oklahoma3
Oregon9
Pennsylvania19
Rhode Island4
South Carolina4
Tennessee4
Texas27
Utah3
Virginia13
Vermont4
Washington12
Wisconsin9
West Virginia2
Wyoming2
International1
Total484

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