Livearts Studio Inc in Gary, Indiana (IN)
Table of contents:
| Livearts Studio Inc | |
| Employer Identification Number (EIN) | 204274851 |
| Name of Organization | Livearts Studio Inc |
| In Care of Name | Desiree Catherine Simpson |
| Address | 4750 Broadway, Gary, IN 46408-4508 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 03/2007 |
| 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 | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $22,957 |
| Amount of Income | $5,591 |
| Form 990 Revenue Amount | $4,679 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $5,591 (it was $14,460 in 2012)
| This organization: | $5,591 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2013: $22,957 (it was $32,033 in 2012)
| Livearts Studio Inc: | $22,957 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $9,755
| This organization: | $9,755 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2013: 0.6
| This organization: | 0.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 68.4%
| This organization: | 68.4% |
| Other organizations performing similar types of work: | 72.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $13,573 | $14,460 | $4,679 |
| Contributions, gifts, grants, and similar amounts received | $12,673 | $12,625 | $3,200 |
| Program service revenue including government fees and contracts | $900 | $1,835 | $650 |
| Membership dues and assessments | $0 | $0 | $125 |
| Investment income | $0 | $0 | $1,125 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-187 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $250 |
| Less: cost or other basis and sales expenses | $0 | $0 | $437 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-24 |
| Gross income from gaming | $0 | $0 | $1 |
| Gross income from fundraising events | $0 | $0 | $200 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $225 |
| Gross profit/loss from sales of inventory | $0 | $0 | $-210 |
| Gross sales of inventory, less returns and allowances | $0 | $0 | $40 |
| Less: cost of goods sold | $0 | $0 | $250 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $15,115 | $17,929 | $9,755 |
| Total net assets | $33,502 | $28,033 | $22,957 |
| Excess/Deficit for the year | $-1,542 | $-3,469 | $-5,076 |
| Net assets or fund balances at beginning of year | $35,044 | $31,502 | $28,033 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $28,033 | $22,957 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $33,502 | $32,033 | $22,957 |
| Total liabilities | $0 | $4,000 | $0 |
| Net assets or fund balances | $33,502 | $28,033 | $22,957 |
| 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 | $23,353 |
| Subtotal Support | $23,353 |
| Gifts, grants, contributions, and membership fees received | $23,353 |
| 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 | $23,353 |
| Public Support | $23,353 |
| 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 | Viva - Performing Arts Theatreschool, Viva - Pats | 3810 Grand Blvd, East Chicago, IN 46312-2328 | IN | 2006-12 | $87,560 |
| 2 | Sgc International Inc | 2030 S Center St, Terre Haute, IN 47802-3011 | IN | 2005-03 | $62,284 |
| 3 | International Foundation For Theater Education And Research, Maria Azriel Mbr | 9828 Oakcrest Ct, Fishers, IN 46037-9318 | IN | 2015-04 | $40,980 |
| 4 | South Side High School Performing Arts Boosters Pab | 3601 S Calhoun Street, Fort Wayne, IN 46807 | IN | 1995-01 | $35,383 |
| 5 | St Paul Human Services Inc | 1311 S Western Ave, Marion, IN 46953-1539 | IN | 1999-09 | $1,648 |
| 6 | Association Of Traditional Hooking Artists | 4921 E 69th St, Indianapolis, IN 46220 | IN | 2004-11 | $0 |
| 7 | Blank Space | 17733 Windwood Circle, Westfield, IN 46074 | IN | 2014-02 | $0 |
| 8 | Christian Dance Academy Inc | 55133 Ivile Ave, Osceola, IN 46561 | IN | 2011-01 | $0 |
| 9 | Crossroads Youth Arts Project Inc | 1904 W Clinton St, Goshen, IN 46526-1618 | IN | 2006-10 | $0 |
| 10 | Cultural Continuum Of Madison | 804 E First Street, Madison, IN 47250 | IN | 2013-05 | $0 |
| 11 | Friends Of Emerson Visual & Performing Arts School Inc | 2636 West 15th Avenue, Gary, IN 46404 | IN | 2001-02 | $0 |
| 12 | Girls Rock Indianapolis Inc | 430 Massachusetts Avenue Apt 202, Indianapolis, IN 46204 | IN | 2011-06 | $0 |
| 13 | Greater Evansville Youth Arts Association, Inov8 | 807 S Lombard Ave, Evansville, IN 47714 | IN | 2012-10 | $0 |
| 14 | Hancock County Arts Council Inc | One Courthouse Square, Greenfield, IN 46140 | IN | 2003-02 | $0 |
| 15 | Indiana Glass Arts Alliances | 920 W Main St, Greenwood, IN 46142 | IN | 2009-12 | $0 |
| 16 | Inspired Kids | 9149 Lantern Lane, Indianapolis, IN 46256 | IN | 2014-07 | $0 |
| 17 | Jascha Heifetz Society | 3510 W University Ave, Muncie, IN 47304 | IN | 2014-05 | $0 |
| 18 | Kokomo Flute Association | 5619 Sandstone Ave, Kokomo, IN 46901 | IN | 2000-11 | $0 |
| 19 | Lifetime Education And Research Network Inc | 210 South Michigan Street Suite 20, South Bend, IN 46601 | IN | 2015-04 | $0 |
| 20 | Masters Dance Academy Inc, Masters Dance Academy | 7 Weston St Unit 1, Valparaiso, IN 46385-4667 | IN | 2015-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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